- Since its independence in 1965, Singapore has become a global economic powerhouse.
- With its 'entrepot' history, Singapore is a regional trading hub ranked as the 2nd most competitive country in the world.
- Recently, Singapore has moved up the economic ladder into higher value added sectors, e.g. biotechnology and the biomedical industry.
- Singapore's fiscal conservatism, ample FX reserves and solid legal infrastructure underscore the country's relative attractiveness within a fast growing region.