Singapore is world’s most competitive economy: World Economic Forum
  • 11 October 2019

Singapore is world’s most competitive economy: World Economic Forum

We are heartened to read that Singapore has been ranked the most competitive economy by the World Economic Forum. As Minister Chan Chun Sing remarked, the “top contributing factors include our open economy, strong labour-employer relations, diverse workforce, robust intellectual property protection as well as the stability of the government and its responsiveness to change”.

EDMUND TIE’s CEO, Ong Choon Fah adds that real estate forms part of the infrastructural base – along with energy, transportation and info-communications amongst others – which facilitates the smooth flow of commerce. She said that “the proliferation of premium office space, quality business and industrial parks make Singapore an ideal place to do business.”

“Additionally, our integrative and long-term approach to urban planning has resulted in a good mix of business and residential spaces supported by amenities such as educational facilities, green lungs, community spaces and an impressive array of entertainment and lifestyle options to create an exceptional quality of life that attracts talent from all over the world. With its strategic location as a regional nexus, businesses can also use Singapore as a springboard to expand into ASEAN and the wider South Asia region,” she added.

Well done and keep it up Singapore!

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