The Singapore Department of Statistics, Singstat, released a new report which shows the retail industry has started the second quarter of 2017 on a positive note, as sales in this sector rose by 2.6% in April. The report compares sales registered by Singapore retail sector this year with the values reported last year during the same period of time. Our company formation experts in Singapore can assist investors interested in starting a retail shop in the city-state.
Financial analysts in Singapore have brought some good news at the beginning of the month when the Monetary Authority of Singapore, MAS, has conducted a survey on the economic forecast of the city-state. These reported a 2.5% economic growth for Singapore by the end of the year. The previous survey carried out in March predicted a 2.3% increase. Our company registration specialists in Singapore can guide foreign investors interested in starting businesses in the city-state.
The partnership between the private and public sectors in Singapore is proving very useful for e-commerce companies these days, as two new programs were launched. The first one, the 99% SME e-marketplace was recently launched by the players on the private market, while the SME Go Digital Programme is the government’s scheme meant to help small and medium-sized enterprises in Singapore. Our company registration consultants in Singapore can assist those interested in setting up small or larger companies in the city-state.
At the beginning of this month, the Singapore Central Bank released a draft consultation paper through which it proposes the introduction of robo-advisory services for financial companies in Singapore. The proposal comes after two companies have already been authorized by the Monetary Authority of Singapore (MAS) to provide such services. Our company formation specialists in Singapore can assist foreign entrepreneurs who want to open companies in the financial sector.
A recent survey issued by Nikkei Singapore shows that the second quarter of this year brought a significant increase in the private sector. The Purchasing Managers’ Index (PMI) grew up to 52.6 points in April from the 52.2 points registered in March. This was also the highest increase since November last year. If you want to open a company in Singapore and need assistance, our local company formation consultants can guide you.
Not a month passes without Singapore being mentioned in a global survey. This time Singapore ranked as the 3rd model city in the Asia-Pacific region, according to the Cities Motion Index conducted by IESE Business School. Singapore has retained the same position it had last year. Foreign investors interested in doing business in the city-state can rely on our Singapore company formation specialists if they want to open a company here.
Wholesale traders in Singapore have reported a spectacular increase in their incomes since the beginning of the year, according to the Department of Statistics. The report presented by the agency announced a 23.5% growth for the wholesale industry, except for the petroleum segment which registered a slightly lower increase during the first quarter of 2017. Foreign investors who want to open a company in Singapore can rely on our company formation services no matter the industry they choose.
Undoubtedly, Singapore is one of the most advanced countries in terms of digital economy in the world and one of the most popular surveys comes to confirm that. According to the 2017 Competitiveness Index issued by the IMD World Competitiveness Centre, Singapore took the first place in terms digital competences. The programs introduced by the government and which have transformed Singapore into a smart city based on digitization have brought the city-state this position. Our company formation representatives in Singapore can assist foreign investors interested in starting a business in the information technology sector.
The manufacturing industry remains one of the most powerful economic sectors in Singapore as recent reports show the goods produced by local companies have had increased demands in export numbers during the first quarter of the year. The exports of electronic and non-electronic products are the one to have contributed to the generous growth of the trading sector during the first part of the year. Our company formation consultants in Singapore can offer information on the customs regulations related to exporting goods outside the city-state.
IT companies in Singapore represent a great portion of the startup segment. These companies are registering a fast growth, however a little push from the government in collaboration with the authorities is always welcome. This is how a public-private partnership between the representatives of these companies, the Singapore Stock Exchange and the Info-communications Media Development Authority (IMDA) will boost the operation of these businesses. Our Singapore company formation specialists can assist foreign investors interested in starting a business in the information technology industry.