This rebound not only showed that the Singapore’s forward-looking andalert damage-control measures are always in place and working, it alsoshows the potential of even bigger growth in Asia’s top leading financialmarket.Here are some economic indicators that will help you forecast possiblefuture movement of the economies:• Potential customer’s spending power• Potential supplier’s pricing• Interest rate• Consumer price index• Retail sales index• Wholesale and manufacturing indices• Inflation rate• Exchange rateSingapore’s economical policies on national income, labour market,productivity, investment commitment, and external trade are alsoconsistently fine-tuning their plans to adjust to a dynamic and changingAsian market in order to meet business growth.
Successful enterprises often leverage on developed and integrated socialcommunities. The education level of a people, work habits, culture, leisureactivities and the role of women in the workforce will affect the viability of a business entity.Singapore boasts one of the most competitive and well-educatedworkforces in the world, and it is renowned for its efficiency.Its multi-cultural and cosmopolitan society makes it extremely easy forinternational and regional investors to set up headquarters in Singaporeas a starting point to reach into the Asian market. The Singapore government’s “Live, work and play” motto ensures that avariety of businesses can successfully operate in their chosen industries,with the right human resource boosting business growth.
Singapore, described as a “plug and play” nation, is ranked number threeas the most wired national in the world, and the most wired in Asia, with abroadband network that reached 99 per cent of the population.Singapore’s electronics, pharmaceutical and biomedical industries are theleading boomers of both national and regional economy.In the past few years, the country has been the leading innovator to set upseveral technological research institutes to build better and greenerbusiness infrastructure. Technological advances have led to fast turnaround times for retailers andconsumers, hassle-free financial transactions, as well as the creation of new products at competitive prices. The World Economic Forum ranked Singapore among the top 10 in theworld for network readiness in 2002.