Singapore has maintained its position as the world’s most attractive market for infrastructure investment. Ranking consistently high across business, risk, infrastructure and financial indicators, and despite a slightly lower score for economic factors, it maintains a strong economic environment.
Like Hang Seng and Norinchukin, Singapore’s strongest banks are targeting markets they know well. That’s helping them curb bad debts and build a strong capital base, says Jean-Charles Sambor, Asia-Pacific director at the Institute of International Finance. The Tier 1 capital ratio at Oversea-Chinese Banking and the other Singapore banks exceeded the Basel III guideline at the end of 2014.
Based on the Baseline Profitability Index (BPI), Singapore took the 4th spot among the 110 countries covered in this exercise.
Changi Airport Singapore was named as the World’s Best Airport by air travellers for the third consecutive year at the 2015 World Airport Awards, held at Passenger Terminal EXPO in Barcelona, Spain.
Singapore is named No 1 country for travel in 2015 by Lonely Planet. It’s her Golden Jubilee. Since sealing its independence in 1965, Singapore’s heritage buildings, hawker centres, green spaces and shopping malls have lured travellers, but new developments have elevated the experience. First there’s Marina Bay, a new entertainment precinct, then there’s the new crop of swanky hotels, new attractions like the National Art Gallery and the Singapore Sports Hub, and more than a dozen metro extensions in development.