Singapore Is Known for Its Open Investment Environment All Over the World
Essay by YACHEN • May 5, 2014 • Essay • 299 Words (2 Pages) • 1,321 Views
Essay Preview: Singapore Is Known for Its Open Investment Environment All Over the World
Singapore is known for its open investment environment all over the world. We peruse the highest standards in economies to win the favor of entrepreneurs and shareholders. We try our best to give all the investors a pro-business and pro-foreign environment.
Singapore has been granted best places for doing business across the world for years. The World Bank's Doing Business 2014 ranks Singapore the first place of the easiest place to do business in the world. The World Economic Forum Global Competitiveness Report 2013-2014 claims Singapore the 2nd most competitive country all over the world. The Economist Intelligence Unit rates Singapore as the best place for doing business in Asia and the 3rd competitive country worldwide. International business will gain multiple advantages if investors set parent company or branches in Singapore. Competitive factors will benefit the company in the following ways:
1. Stable policy and pro-foreign and pro-business
The Monetary Authority of Singapore (MAS) provides a very unique monetary policy focused on exchange rate and price stability which is vital to sustainable economic growth. We adjusted our government to be pro-foreign and pro-business in order to gain more opportunities in growing economics.
2 Full developed infrastructures
Sophisticated infrastructure in Singapore makes the country a global nation. Singapore focused on providing the best shipping and airlines which can bring Singapore's manufacture to the world and invite all the foreign investors in our country. Singapore's Building and Construction Authority makes advanced policies to ensure that the construction industry keep growing continuously. Besides, the high-quality telecommunications facilities and barrier-free or low-barrier accessibility provide companies located here a very convenient place to operate their business. According to the WEF, s world-class infrastructure (2nd), with excellent roads, ports, and air transport facilities. According to WEF's The Global Competitiveness Report2012-2013, Singapore's infrastructure ranks the 2nd across the world.
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