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  Singapore - The Dynamic City



 Singapore - Business Information

Business Facts

GDP per Capita: $31,400.
Major Exports: Machinery and equipment (including electronics), consumer goods, chemicals, mineral fuels.
Major Foreign Exchange Counters: Western Union and Thomas cook.
Key Industries: Electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences.
Major Imports: Machinery and equipment, mineral fuels, chemicals, foodstuffs.

Business Overview
Singapore has a very well developed and prosperous free-market economy. Singapore is free from corruption and has stable prices as compared to other Asian cities. The major contributors to the economy of Singapore are the exports of consumer electronics and information technology products.

The government is constantly making efforts to establish Singapore as Southeast Asia's financial and high-tech hub. Singapore attracts investment from all over the globe. The pro investment policies and the privatization has helped the Singapore economy to a large extent in the past few years. Other major contributor to the Singapore economy is the extended entrepot trade.

The manufacturing industries are also highly developed in Singapore. Singapore is the busiest port in the world in terms of tonnage shipped. Singapore is also the world's fourth largest foreign exchange trading centre after London, New York City and Tokyo. Singapore is rated among the most investor friendly cities world. Tourism industry is also growing rapidly in the city.

Major Business Centers:
Suntec Singapore International Convention & Exhibition Centre:
The Suntec Singapore International Convention and Exhibition centre was officially opened on 30 August 1995. Suntec Singapore is a popular venue for meetings, conventions and exhibitions. Suntec Singapore offers direct access to 5,200 hotel rooms, 1,000 retail stores, 300 restaurants and is located in the Singapore CBD. The centre occupies a space of 100,000 square meters which can be modified as per the requirements.

The Convention Halls are located on level 6 of the centre. The halls offer the largest column-free meeting area in Asia covering almost 12,000 square meters of total floor space. The halls are multi functional and flexible. Exhibition halls are located on Level 4 and cover a space of 12,000 square meters. The hall can be further divided into subsections. The center is also has three ballrooms and several meeting rooms. The center is equipped with several hi tech facilities.

The Raffles City Convention Centre:
The Raffles City Convention Centre is located in the city centre on the 4th level of the Raffles City Shopping Centre. The center has two large ballrooms namely the Raffles Ballroom and the Stamford Ballroom, with seating capacity of 3000 and 1000 respectively. The ballrooms can be divided into smaller rooms, for different uses such as parallel sessions, official openings, luncheons and dinners. The convention center is easily accessible from the Singapore Changi Airport.

Major Commercial Areas:
Downtown Core:
The Downtown Core is a major commercial area of Singapore. The Downtown core covers an area of 266-hectares and is located in the southern Singapore. The Downtown core is the economic backbone of Singapore. The downtown has several important buildings like the Parliament House, the Supreme Court and City Hall as well as numerous commercial buildings and areas like raffles palace.


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