Singapore is a sovereign republic, governed by its Constitution. The system of government is modelled after the British system that separates the executive, legislative and judiciary powers. In the recent general elections, Singapore's ruling People's Action Party (PAP) maintained its unbroken grip on power even...
Singapore’s economy has been impacted, like everywhere, by the Covid19 pandemic – with corporate bankruptcies and unemployment likely to increase in the coming months, according to Singapore’s central bank. But silver lining is appearing in the horizon. Singapore's economy grew by 0.2 per cent year-on-year in the...
The Singapore government allows companies to bring in foreign professionals through employment passes to plug skills gaps and supply shortages, even while protecting the interests of its citizens. Global companies in the ICT and software sectors, for example – such as Google, Grab and Facebook,...
Enterprise Singapore, the government agency championing enterprise development since 2018, supports companies to build, innovate and globalise. The growth of Singapore as a hub for global trading and start-ups is part of its mission. International Enterprise Singapore and SPRING came together on 1 April 2018 as...
Gross domestic product per capita is the highest in the Asia-Pacific region (US$65,248 in 2019); and among the highest in the world. Singapore also receives more foreign direct investment (FDI) than most of the world’s developed economies, and over 10% of total FDI inflows to Asia....
Over the last decade, as global businesses have followed the Look East policy, Singapore has emerged as the gateway to ASEAN and wider Asia, both for established top multinationals and high growth start-ups. The small island nation is a draw because of its transparent legal...
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