In an Economist Intelligence Unit (EIU) report published this month, which indexes 80 investment destinations based on their appeal to Chinese investors, Singapore emerged the number one most attractive destination for Chinese companies to invest in.
Singapore is well-known for being a financial hub and high-tech manufacturing hotbed as well as an attractive destination for visitors. It is also an appealing business centre where many global companies have based their Asian headquarters.
For many cities, the COVID-19 pandemic is now in the rear-view mirror. There are still some outbreaks and along with it, concerns and worries, but generally people are less fearful of the virus than two years ago.
Singapore is India's 6th largest trade partner with a share of 2.9 percent of India's overall trade. Whereas India is Singapore's 12th largest trade partner with a share of 2.3 percent in Singapore's overall trade.
Singapore's dominant telecom operator Singtel last week announced that net profit for the financial year which ended March 2023 was up 14 per cent to SGD 2.23 billion (USD 1.65 billion). After accounting for exceptional items, underlying profit increased by 6.8 per cent.
Following consecutive quarters of standout financial results, many expected Singapore Airlines (SIA) to turn in a dazzling set of numbers last week when it announced its full-year results. Singapore's national carrier did not disappoint as it reported the highest annual profit in its 76-y
Hyundai plans to introduce vehicles in 2025 based on its two new EV platforms, eM and eS, which are expected to lead to more efficient vehicle development and greater cost reductions.
According to the Economist Intelligence Unit (EIU), Singapore retained its number one spot in a ranking which predicts the countries that will have the best business environment in the world for the next 5 years, a position it has held for the last 15 years.