Singapore has emerged second for nightlife and dining in the second annual Country Brand Index 2006.Singapore was unranked in the previous survey but it now beats countries such as the United States, UK and Thailand. Singapore also ranked second in the world for shopping, while the United States took the top spot for retail. The Country Brand Index shows Singapore continues to retain its attractiveness...
All Singapore
LIM GEK KHIM and CHONG LEE SIANG discuss the tax initiatives which make Singapore a regional headquarters hotspot. Singapore can stake its claim as the location of choice for multinational companies seeking to set up regional headquarters, owing in large part to its business-friendly tax policies. The Republic has all the ingredients to make it an excellent choice as a nerve centre for companies with...
Singapore aims to be a tropical centre of excellence in the gardening industry, and is building one of the first all-in-one parks in Asia that combines horticulture retail with recreation.More Singaporeans are growing green fingers, and gardening groups have increased from 150 in 2005, to the present 200. That number may just grow further with a new $13m "HortPark", being constructed at a 23-hectare site...
As a sign of the growing business ties between the United Arab Emirates (UAE) and Singapore, a S$150 million Singapore Tower is being built in Dubai. The project was unveiled by AKAR Properties on Friday. The UAE property developer is targeting the high-end office building not just at Singapore companies in the Middle-East, but also at other Asian businesses. When completed in 2008, the Singapore Tower...
Advance estimates showed that Singapore's real gross domestic product (GDP) rose by 7.1 per cent in the third quarter compared to the same period in 2005, says the Ministry of Trade and Industry.On a quarter-on-quarter seasonally adjusted annualised basis, real GDP grew by 6.0 per cent, compared with a 3.4 per cent expansion in the preceding quarter. The advance estimates, based largely on data from July...
The IMF is warning Singapore may be headed for slower growth next year, but its chief economist reckons this will only be temporary and says that it does not mean Singapore's economy is on a downtrend. In its latest World Economic Outlook, the IMF has raised Singapore's 2006 growth forecast to 6.9%, from 5.5% previously, but it has also projected a slower growth of 4.5% next year (2007) due to the...
Experts say Singapore can expect $200 million in revenue from its hosting of the IMF/World Bank meetings. And that is just the tip of the iceberg as there is still the multiplier effect.The long-term gains from hosting the 10-day IMF/World Bank meet will far surpass the estimated $200 million that Singapore is supposed to garner from hosting the event. Industry watchers say trade, tourism, investments,...
The number of visitors to Singapore hit a record high in July.Visitor arrivals jumped by 4% compared to a year ago to hit 913,000 - the first time it has breached the 900,000 barrier. It is also highest visitor arrival figure ever recorded in a single month.Visitors from Indonesia led the pack with 192,000, followed by China (113,000), Australia (66,000), India (53,000) and Japan (52,000). They account...
Singapore has been ranked among the top five of most corrupt-free countries in the world. According to civic organisation Transparency International, Singapore ranks 5th out of 159 countries in its Corruption Perception Index (CPI). Despite the high regard, the Accounting and Corporate Regulatory Authority of Singapore (ACRA) is reviewing the Code of Ethics for accountants to incorporate the latest best...
Located at the Southern tip of Singapore, Marina Bay is a 360ha development designed to seamlessly extend Singapore’s downtown district and further support the city-state’s continuing growth as a major business and financial hub in Asia. A greenfield site surrounded by water and gardens, Marina Bay provides an opportunity for further urban transformation, attracting new investments, visitors and...