Singapore has strengthened its position as Asia's premier regional hub with nearly half of the world's multinationals choosing to have their regional headquarters in the Lion City.
According to a report by Hawksford, investors from around the world are looking favourably on Singapore. The 'Singapore Business Outlook - Reinvention for future-readiness' shows that the diversity of international investment is expanding, as China and emerging Asian markets are increasingly choosing Singapore for regional and global growth. Singapore also continues to rise in global rankings, now fourth among the world's Global Financial Centres, as rated by financial data think-tank Z/Yen Partners.
"I'm very happy that we are bringing out this expanded report, especially at such an exciting time in Singapore's history," said Dario Acconci, Hawksford Managing Director for South East Asia. "As our report shows, much of the excitement surrounding opportunities for growth and expansion through Singapore are the result of a history of careful, adaptive development to create an environment ideally suited to trade in the Asian and global markets."
As our report shows, much of the excitement surrounding opportunities for growth and expansion through Singapore are the result of a history of careful, adaptive development to create an environment ideally suited to trade in the Asian and global markets"
Singapore's government has also played an active part in driving the surge in FDI. A long-term official effort has encouraged innovation and created a fertile environment for new companies, particularly technology firms, which have doubled as a percentage of new company formations in just three years.
"As the balance of political and economic power in the region continues to shift and evolve, alongside the emergence of new markets and an inexhaustible appetite for new technology, we are seeing an incredibly bright outlook for Singapore, today and into the future," Acconci added.
Hawksford has published the Singapore Business Report since 2010, providing up-to-date and informative insights for international business owners, stakeholders and industry shapers. The firm has one of the largest established presences in the APAC region, with 200 of its 450 staff located in China, Hong Kong, and Singapore.