The Government of Singapore offers a pro-business environment and Singapore is placed 1st in the World Bank’s global ranking index for “Ease of Doing Business” and “Trading Across Borders”. The Singapore government has created a robust ecosystem to promote international trade and investments through its various ministries and agencies or statutory boards. The Ministry of trade and industry of Singapore is to promote economic growth and create jobs.
These strategies are derived from Singapore’s general philosophy of economic management strong adherence to a free market economic system. Its “host to home” strategy aims to move Singapore form being a host to companies to becoming a home where global business, innovation, and talent are nurtured