This article was created in partnership with ASEAN Exchanges. The views and opinions expressed are Beansprout's objective and professional opinions.

What Happened?

Singapore’s economy has been resilient in the face of global geopolitical and economic uncertainties.  Reflecting this strength, Singapore’s GDP grew by 2.9% year-on-year in the second quarter of 2024, extending the 3.0% growth in the previous quarter.  The Straits Times Index (STI), Singapore’s benchmark stock index, reached a 17-year high this month.  As a leading trade and financial hub, Singapore has ascended to be the world’s most competitive economy globally in 2024, according to the latest IMD World Competitive Ranking. 

Why Invest in Singapore?

Singapore has long been a favoured destination for investors seeking economic and political stability.  However, beyond its reputation as a safe haven, the nation is underpinned by several long-term structural strengths.  These include prudent fiscal management, a strong and stable currency, significant investments in...