The busi­ness end

Singapore Business Travel Guide - - Front Page -

Sec­ond only to Monaco as the world’s most densely pop­u­lated coun­try, Sin­ga­pore of­ten tops the list as one of best places to do busi­ness. The world’s only is­land city-state con­tin­ues to strengthen its name in this re­gard as one of the world’s lead­ing fi­nan­cial cen­tres thanks to its low tax regime, stable Gov­ern­ment and highly ed­u­cated, af­flu­ent pop­u­la­tion.

Re­cently named as the world’s most ex­pen­sive city by the Eco­nomic In­tel­li­gence Unit (EIU), the fi­nan­cial pow­er­house is now home to more than 120 banks and al­most 500 trad­ing com­pa­nies and funds, and con­tin­ues to re­tain its ti­tle as the only Asian coun­try with an AAA sov­er­eign credit rating.

Since in­de­pen­dence from Malaysia in 1965, ex­ten­sive land recla­ma­tion has seen the Lion City in­crease the sov­er­eign state’s to­tal size by 23 per­cent – or 130 square kilo­me­tres

– as well as de­velop an ur­ban bio­di­ver­sity con­ser­va­tion model through a green­ing pol­icy. The re­sult is an en­chant­ing Gar­den City neatly in­ter­twined with a spot­less, mod­ern city cen­tre, densely pop­u­lated with a uniquely rich di­as­poric pop­u­la­tion.

A smor­gas­bord of multi­na­tional giants such as Shell, Mi­crosoft, Unilever, Sin­ga­pore Air­lines, Bar­clays, Glax­oSmithK­line are all housed in the city state, hav­ing placed em­pha­sis on Sin­ga­pore’s ac­cess to world-class tech, sound fi­nan­cial poli­cies and sub­se­quent in­vestor con­fi­dence em­a­nat­ing across its core in­dus­tries in­clud­ing oil & gas and man­u­fac­tur­ing.

Of course it is dif­fi­cult to talk about Sin­ga­pore with­out men­tion­ing the spec­tac­u­lar F1 night race at Ma­rina Bay Street Cir­cuit, which, now in its ninth year, hugely con­trib­utes to the coun­try’s tourism in­flux; with last year’s event bring­ing in a to­tal of more than 260,000 spec­ta­tors over the three-day week­end.

The coun­try’s abil­ity to fa­cil­i­tate the up­front in­vest­ments and or­gan­ise the con­struc­tion of the tem­po­rary in­fra­struc­ture re­quired for the street race each year epit­o­mises the bal­ance of live-work-play that is ad­hered to by Sin­ga­porean cul­ture. Thanks to this, lo­cal ho­tels con­tinue to reap higher oc­cu­pan­cies yearon-year and, in the long-term, the event has be­come a cat­a­lyst for fur­ther in­dus­trial and eco­nomic de­vel­op­ment thanks to a ris­ing GDP; firmly po­si­tion­ing Sin­ga­pore as the ul­ti­mate busi­ness and leisure des­ti­na­tion in South­east Asia.

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