Singapore’s economy ranks amongst the world’s most competitive countries. The liberalization of its telecommunications, financial and energy industries, coupled with meticulous long-term industrial planning, world-class infrastructure and various government incentives continue to attract foreign investors to the Republic.

The government takes a pro-business approach and is supportive of the needs of the local business community. Its charter is to transform Singapore to a “high value-add, knowledge-based economy.” To that effect, the push to nurture homegrown technology entrepreneurs has gained momentum in recent years. In addition, industries such as biotech and high-tech services are primed to be the next wave for the Singapore economy.

Work hard. Work smart. In a nutshell, that sums up the ethos of Singapore’s highly educated population. People in the workforce constantly strive to upgrade their skills to meet the changing requirements of the evolving global economy.

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