|
International Financial Centre, World of Opportunities
Singapore has established a strong reputation as a thriving financial centre of international repute, serving not only her domestic economy, but also the wider Asia Pacific region and the world. More than 600 financial institutions have chosen to base their operations in Singapore. In a recent report published by the City of London, Singapore was ranked third in The Global Financial Centres Index (GFCI), behind London and New York.
Its strategic location, time-zone advantage and sound regulatory and supervisory framework make it an ideal gateway to the region while its pro-business environment, excellent infrastructure, cost-competitiveness and highly skilled and cosmopolitan workforce make it a natural choice for financial institutions to base their operations in Singapore.
Singapore was ranked 5th in the Global Competitiveness Report 2008/2009 by the World Economic Forum (WEF), the most competitive in Asia. The World Bank's "Doing Business 2009" report also ranked Singapore top for the third year in a row as the easiest place in the world to do business.
Singapore is Asia's Most Competitive Economy
| Ranking |
Country/Economy |
Score |
| 1 |
United States |
5.74 |
| 2 |
Switzerland |
5.61 |
| 3 |
Denmark |
5.58 |
| 4 |
Sweden |
5.53 |
| 5 |
Singapore |
5.53 |
| 6 |
Finland |
5.5 |
| 7 |
Germany |
5.46 |
| 8 |
Netherland |
5.41 |
| 9 |
Japan |
5.38 |
| 10 |
Canada |
5.37 |
Source: WEF Global Competitiveness Report 2008/2009
|
|
The GFCI Financial Centre Ratings, Mar 2009
| Ranking |
Financial Centre |
| 1 |
London |
| 2 |
New York |
| 3 |
Singapore |
| 4 |
Hong Kong |
| 5 |
Zurich |
| 6 |
Geneva |
| 7 |
Chicago |
| 8 |
Frankfurt |
| 9 |
Boston |
| 10 |
Dublin |
|
Easiest Place to Do Business
| Ranking |
Country |
| 1 |
Singapore |
| 2 |
New Zealand |
| 3 |
United States |
| 4 |
Hong Kong |
| 5 |
Denmark |
| 6 |
United Kingdom |
| 7 |
Canada |
| 8 |
Ireland |
| 9 |
Australia |
| 10 |
Iceland |
| 11 |
Norway |
| 12 |
Japan |
| 13 |
Finland |
| 14 |
Sweden |
| 15 |
Thailand |
| 16 |
Switzerland |
| 17 |
Estonia |
| 18 |
Georgia |
| 19 |
Belgium |
| 20 |
German |
Source: World Bank- IFC Doing Business Report 2009, examines regulations and how they affect business. The report ranks 181 economies on the overall ease of doing business.
It's no surprise then that Singapore hosts many of the world's large and reputable financial institutions. Indeed, our vibrant financial centre offers exciting job opportunities in a wide range of financial services. Find out more about the Singapore Financial Sector and the exciting opportunities available at our Singapore Financial Sector page and Gateway to opportunities page.
Global City for Global Talent
Singapore is a cosmopolitan city - a melting pot of cultures where people of different races live, work and play harmoniously. Here, you can enjoy one of the highest standards of living in the world at relatively low cost. For families with children, you have access to a world-class education system including numerous international schools. Our healthcare services are also renowned. We have successfully integrated lush greenery into our urban developments, truly creating a city within a garden. Our vibrant arts and cultural scene and wide range of entertainment, dining and leisure options make it easy for working professionals to strike a good work-life balance. It is thus no wonder that Singapore has been ranked the best place to live if you're an expatriate, according to a study conducted by HSBC Bank International, a Jersey-based subsidiary of the world's biggest company. For more information about our exciting and unique lifestyle offerings, please visit www.visitsingapore.com.
Singapore's open door policy on foreign talent and conducive living environment also allow global talent to settle in comfortably and quickly. No wonder international surveys revealed Singapore as the top choice in Asia for global talent.
Most Skilful and Motivated Labour Force in Asia Pacific
| World Competitiveness Yearbook 2008 Ranking-IMD: (Asia Pacific only) |
Singapore |
Hong Kong |
Taiwan |
Philippines |
Japan |
Malaysia |
| Attractiveness of country's business to highly-skilled foreigners |
1 |
3 |
9 |
12 |
11 |
4 |
| Attracting and retaining talent |
1 |
4 |
9 |
10 |
8 |
5 |
| International Experience of Senior Managers |
1 |
2 |
7 |
9 |
12 |
3 |
| Competent Senior Managers Readily Available |
1 |
2 |
5 |
3 |
11 |
4 |
| Worker Motivation |
1 |
3 |
2 |
9 |
5 |
4 |
Source : IMD World Competitiveness Yearbook 2008
World's Friendliest Immigration and Talent Management
| Immigration laws regarding employment of foreign labour |
| 1 |
Singapore |
| 2 |
Hungary |
| 3 |
Chile |
| 4 |
Ireland |
| 5 |
United Kingdom |
| 6 |
Canada |
Source: IMD World Competitiveness Yearbook 2008
Knowledge and Innovation
It is also easy for you to pursue self-development in Singapore by taking advantage of the excellent academic programmes and executive education offered by internationally reputable universities such as the National University of Singapore, Nanyang Technological University, Singapore Management University, INSEAD and the University of Chicago Graduate School of Business. Top commercial training providers are also located here and provide industry-specific training and preparatory training for international professional qualifications programmes.
Leading industry players have also set up centres of excellence in financial education and research here in Singapore, adding to the breadth and depth of our intellectual capital. Such investment in education, continuous training and development, and research can only strengthen the capabilities of financial sector professionals, providing them with an enriching and fulfilling learning journey in Singapore.
To explore relocation to Singapore, start by checking out the Contact Singapore website for general relocation information.
Contact Singapore Overseas Singaporeans page
[Contains resources for relocation tips, visa matters, customs, accommodation, banking, communication, getting around, schooling, pets, healthcare, career opportunities for you and your spouse, citizenship, etc]
http://www.contactsingapore.sg/home/index.php/eng/moving_to_singapore
Contact information for Contact Singapore's overseas offices
http://www.contactsingapore.sg/home/index.php/eng/about_us/our_teams
|
|
