Singapore’s economy is characterised by excellent finances and a high degree of openness, with the country being highly dependent on international trade. It has been Southeast Asia’s most modern city for over a century. The city blends Malay, Chinese, Arab, Indian and English cultures and religions. According to the World Bank, Singapore ranks the best country in the world in human capital development. Singapore is known as a shopper’s paradise in the region because of the competitive prices and easy availability of goods.
Singapore has all the properties to strengthen its role as a regional economic power.