Updated May 19, 2023 –
As a leading business hub, Singapore continues as a bastion of success.
Singapore is a top financial center — the second-busiest shipping port closely behind Shanghai, China.
Singapore’s Changi Airport has been voted the world’s best for many years. According to world airport awards, the highest-ranked U.S. airport in 2023 was only No. 18 was Seattle-Tacoma.
“Multinationals from around the world are meeting and exceeding their strategic and financial objectives in Asia,” said Telstra Global Managing Director Martijn Blanken in 2014.
Sixty percent of companies met financial and strategic goals from 2011 to 2014, according to Telstra’s report entitled, “Connecting Countries.”
Telstra interviewed 4,155 executives employed by companies headquartered in more than 20 nations. They include the United States, United Kingdom, Germany, Australia, mainland China, Japan, India, Hong Kong, Singapore and Indonesia.
Singapore’s trade advantages
Singapore is an enduringly attractive location for international expatriate executives, with 39 per cent of workers in Singapore-headquartered companies saying that they will still be working in Singapore in five years,” added Mr. Blanken.
Like many regions, Singapore does have at least one challenge.
“However, 29 per cent of Singapore companies say that finding good local talent is extremely challenging,” he acknowledged.
He said the research identifies a superior category of top performing companies in Asia, termed Asia Business Champions in the report.
Asia Business Champions comprise top 5 per cent of overall companies in Asia.
“On a global level, the ICT industry is a standout in Asia, with more than 70 per cent of these companies having been very successful in Asia in the past three years, compared to 61 per cent of companies across other sectors,” said Mr. Blanken.
ICT is an acronym for information and communications technology.
“Over the next three years both financial services and insurance companies and those in the ICT sector are most bullish about exceeding their objectives in Asia, with 55 and 51 per cent respectively, compared to 42 per cent overall,” he added.
Headquartered in Hong Kong, Telstra Global is part of Telstra Corporation Limited, the leading telecommunications and information services company of Australia. The company is licensed in Asia, Europe and the U.S. and facilitate access to over 1,900 PoPs in 230 countries and territories across the globe.
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“It is usually people in the money business, finance, and international trade that are really rich.”
-Robin Leach
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