Bernama.com, 22 Oct 2008
KUALA LUMPUR, Oct 22 (Bernama) -- Mesdaq-listed Nova MSC Bhd's solution has helped Singapore to retain its top position in the world business ranking for ease of doing business for the third consecutive year.
"Doing Business 2009", conducted by the International Finance Corporation and World Bank, ranks 181 economies on the overall ease of doing business and Singapore came out tops for its reforms on dealing with construction permits and starting a business.
Foremost was that Singapore expedited the process for dealing with construction permits, reducing the time from 102 days to 38 and it also allows for easy sharing of information.
Almost 99 percent of applications are now submitted electronically through the Construction and Real Estate Network (CORENET e-Submission Portal), a project implemented by novaCITYNETS Pte Ltd, a wholly-owned unit of Nova MSC.
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