Focus on Singapore: an emerging global financial powerhouse
From humble beginnings as a colonial outpost, Singapore is fast emerging as a premiere hub for investment and wealth management. With government initiatives such as ‘Smart Nation’ reflecting its go-ahead attitude, global investors are increasingly looking to Singapore for its capital raising potential and connectivity to other Asian markets.
Business and financial attractiveness
The latest international rankings demonstrate Singapore’s attractiveness as a regional headquarters for multinationals and other businesses, as well as its financial prowess.
The World Bank’s 2018 ‘Doing Business’ survey gave Singapore the second-highest rating among the 190 economies surveyed (Australia placed 14th by comparison).
Singapore also ranked highly in Z/Yen’s September 2017 ‘Global Financial Centres Index’ report, which placed the Lion City fourth globally, trailing only Hong Kong, New York and London among the 108 centres surveyed. Australia’s highest place was earned by Sydney, which ranked eighth.
Singapore was rated fourth-best for business environment, human capital, infrastructure and financial sector development, and third-best for its reputation. It also placed fourth-highest for banking, investment management and professional services.
By all accounts, Singapore’s success in the ratings demonstrates it has the capabilities and infrastructure to live up to its ever-increasing reputation as a major global financial centre.