Despite being a small country with limited natural resources, Singapore aims to be the best in many different areas. Here are some of the accolades Singapore has received over the years. They highlight the stability and growth Singapore enjoys and provide good reasons why it make sense to invest in Singapore’s future.
Singapore outperforms the rest of the world in the OECD’s latest PISA survey, which evaluates the quality, equity and efficiency of school systems.
Singapore, Hong Kong SAR, Korea, Chinese Taipei, and Japan continue outperforming all participating countries in mathematics at the fourth and eighth grades, maintaining a 20 year edge according to results released today from TIMSS, the longest running, large scale international assessment of mathematics and science education in the world.
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.
It is not surprising to see Singapore continuing to be a world leader in terms of attractiveness to investors. It is one of the few places in the world where there is a truly integrated strategic plan which links infrastructure planning with business and social requirements. The government is very pro-business and in terms of value of built assets (see ARCADIS Global Built Asset Wealth Index) the country has the highest value per capita in the world at US$156,000. This demonstrates the commitment to infrastructure investment pursued by the government to promote the quality of life that its population requires.
Singapore ranks 2nd overall for the fourth consecutive year, owing to an outstanding and stable performance across all the dimensions of the GCI. Again this year, Singapore is the only economy to feature in the top 3 in seven out of the 12 pillars.