Time To Be An Entrepreneur/Investor In Singapore?

1. Many leaders and economists are predicting that the biggest economic boom in the near future will happen in the Asia Pacific region.

China, India, ASEAN, and Japan will become some of the strongest economies in the world.

Asia has seen the fastest rate of growth of high net worth individuals.

Its share of the world’s ultra wealthy population has grown from 18% to 26% over the last ten years (World Ultra Wealth Report 2017).

2. Singapore is a major hub for trade and commerce in Asia Pacific and the world.

3. Singapore is ranked as as the easiest place to do business for more than ten years (Ease of Doing Business Index).

4. Singapore is rated as having the best business environment in Asia Pacific and worldwide for 2015-19 (Economist Intelligence Unit, Country Forecasts, May 2015)

Singapore’s pro-business environment has also earned the following recognitions:

– one of the best investment destinations in the world and the number 1 investment destination in Asia (BERI Report 2016-I, April 2016),

– one of the freest economies (2016 Index of Economic Freedom),

– Asia’s top financial centre (Global Financial Centres Index 2016),

– one of the best countries in taking advantage of the Fourth Industrial Revolution (Global Competitiveness Report January 2016), and

– one of best countries for IP protection (Global Competitiveness Report).

5. Singapore is consistently considered as one of the least corrupt countries in the world (Corruption Perceptions Index).

6. Singapore is the number one place in the world for startup talent, unseating Silicon Valley (2017 Global Startup Ecosystem Report).

7. Singapore is number one on a new list of the best startup cities (Nestpick).

8. Singapore is number one in the world for digital competitiveness (IMD World Competitiveness Centre).

9. Singapore is the most “network ready” country in the world (Global Information Technology Report 2015).

10. Singapore is number one for being a “green” city (Green View Index).

11. Singapore is rated as the number 1 maritime capital for 2017, 2016, and 2015 (Menon’s Leading Maritime Capitals of the World Report).

12. Singapore enjoys the highest ranking for labour force in terms of workers’ productivity and general overall attitude (Business Environment Risk Intelligence (BERI) Report 2014).

13. Singapore is number 1 for the best logistics supply chain performance and the top in Asia for logistics performance (Logistics Performance Index, World Bank).

14. Singapore is the most innovative economy (Global Innovation Index 2017).

15. Singapore is one of the most competitive economies (IMD World Competitiveness Centre).

16. Singapore is the most dynamic economy (Grant Thornton’s Global Dynamism Index).

17. Singapore is the most business-friendly economy (World Bank report).

18. Singapore is one of the few countries that has earned an AAA credit rating, and the only Asian country to achieve this rating (Moody, Standard & Poor, Fitch).

19. Singapore’s wealth per adult continues to be among the highest in the world.

Wealth per adult in Singapore is projected to rise 2.2 per cent per annum to hit US$309,000 in 2021.(Credit Suisse Research Institute).

20. Singapore is ranked 4th among the world for the countries with the highest number of millionaires per capita (Global Wealth report from Boston Consulting Group).

21. Singapore’s corporate tax is one of the lowest in the world (BusinessInsider).

22. Singapore is the world’s fastest growing private wealth management centre.

It is projected to overtake Switzerland as the world’s largest offshore wealth center by 2020 (“Singapore’s Multimillionaires: New Wealth Report Busts The Myths”, Forbes).

23. Singapore is projected to have the largest increase in ultra-rich individuals compared to other cities globally over the next 10 years (Knight Frank’s Wealth Report 2015).

24. Singapore is rated as the world’s strongest nation brand in 2016 (Brand Strength Index in 2016 & Brand Finance).

Go4It!

I hope this message will find a place in your heart.

By the way, I have also recorded other reflections.

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