About Singapore

S’pore named ‘Top International Meetings City’ for 3rd consecutive year

Singapore has clinched the title of 'Top International Meetings City' for the third consecutive year, affirming its standing as a leading business events destination, ahead of some 1,700 cities. The latest 2009 global rankings published by the Union of International Associations (UIA) also showed that Singapore climbed a spot, from third position, to be placed as the second 'Top International Meetings...

Singapore expected to become world’s fastest-growing economy

Singapore on Wednesday looked set to become the world's fastest-growing economy after the government upgraded its 2010 forecast to a blistering 13 to 15 percent expansion, economists said. The new forecast, up sharply from predicted 7.0-9.0 growth, outstrips estimates of around 10 percent growth in regional powerhouse China and came despite lingering worries over the US economy and Europe's debt...

Singapore expects double-digit 2010 economic growth

The Singapore government on Wednesday upgraded its 2010 economic growth forecast to a blistering 13 to 15 per cent, outstripping estimates of around 10 per cent growth in regional powerhouse China. Robust demand for its manufactured exports, particularly biomedical products, resulted in the sharp upgrade from the earlier estimate of 7.0 to 9.0 per cent growth in gross domestic product (GDP). GDP growth...

2010 will be record growth year for Singapore: PM Lee

Prime Minister Lee Hsien Loong, commenting on Singapore's latest GDP growth estimates and its 2010 outlook, said the country is on a "firm path" towards a record year. Earlier Wednesday the Ministry of Trade and Industry (MTI) upgraded Singapore's 2010 GDP growth forecast to a blistering 13 to 15 percent, outstripping estimates for China. The revision followed the 16.9 percent year-on-year GDP growth in...

S’pore emerges as most liveable Asian city in new Global Liveable Cities Index

Singapore has emerged as the most liveable Asian city in a new index. It was ranked third worldwide coming in behind Geneva and Zurich in the Global Liveable Cities Index. Published by Singapore's Centre for Liveable Cities, the index looked at 64 cities including 36 from Asia. When it comes to liveability, Singapore has been ranked up there with some of Europe's best cities. In individual rankings, it...

Singapore is safest place for business in Asia, says Coface

French trade credit insurer Coface said Singapore is the safest place for business in Asia. It has upgraded Singapore's country rating to A1 to better reflect the financial commitments of local corporates to repay their debts. This is up from a rating of A2 during the financial crisis last year. Ports are seeing more activity as global trade improves. Experts said corporates are also in a better...

S’pore ranked Asia’s 9th most expensive place to live in

A survey has ranked Singapore as the ninth most expensive location in Asia to live in. According to human resources consultant ECA international, Singapore's currency has been strong relative to other major currencies in the region. Furthermore, it said prices of goods and services commonly purchased by expatriates have risen at much faster rates here than in other developed locations. Globally,...

S’pore, HK have least complex, most consistent tax policies: Deloitte

A new survey has found that Singapore and Hong Kong are the least complex, most consistent and most predictable economies in terms of tax policies in the region. Accounting firm Deloitte said these are the findings of its inaugural Asia Pacific Tax Complexity Forecast. It said Singapore and Hong Kong's stable tax policies indicate that many firms continue to choose the two economies as their regional...

S’pore top country for business, barriers in rest of ASEAN: study

Singapore has been ranked the best place to do business in the world, but barriers remain for the rest of ASEAN, a study released in Vietnam on Thursday said. The World Economic Forum index ranked 125 countries based on their performance in four main areas: market access, border administration, transport and communications infrastructure and general business environment. Singapore kept the top rank it...

Singapore, HK least red tape in Asia: survey

Regional financial centres Singapore and Hong Kong have the most efficient bureaucracies, according to the survey of expatriate business executives by the Political and Economic Risk Consultancy (PERC) on Wednesday. India, Indonesia and the Philippines have Asia's most inefficient bureaucracies, with red tape a constant blight to citizens and deterrent to foreign investment, the survey said. Government...

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