Singapore is experiencing a lot of prosperity at the moment and also placing high in surveys which calculate safety and livability. Overall, the country is enjoying a lot of growth and its visionary government is helping to steer it towards an even brighter future. As well, the CEOs of its biggest companies are doing their part, by keeping their companies strong and employing lots of Singapore residents (and some foreign workers, too).
It certainly doesn’t hurt that the Singapore government has almost always been very business friendly. There are numerous reasons behind how Singapore has been able to catapult themselves to the forefront of the international business community, but the very pro-business government rules, regulations, and laws have been a huge asset.
One example of a big company which really makes waves in Singapore is DBS. This firm is currently the largest in Singapore, according to statistics compiled by the authority resource, Forbes Global. It’s a major player in both Singapore as well as internationally, and is poised for significant growth in the future as well.
What Is DBS, Anyway?
DBS group is a bank. It’s a successful financial institution which has risen 15 positions in order to become the 253rd largest company on the world. Again, this statistic comes from Forbes. This list is a prestigious one and we are certain that the team at DBS are very pleased with how the bank is faring on this list.
To be the biggest company in Singapore, as well as one of the world’s premier companies, is really quite an achievement.
In addition to DBS, sixteen other Singaporean companies are on the Forbes list. This is fewer companies than the previous year. Other additions to the list include OCBC and Singtel.
Chinese companies are gaining power on the global list. This is a trend that leaders are aware of and many are looking for ways to gain access to more Chinese customers. Singapore’s government is committed to strengthening relations with China. In fact, a Singapore bank is partnering with a Chinese company in order to help Singapore entrepreneurs get funding for China’s new infrastructure project. Over ninety billion dollars will be available to those who qualify. This will be a big boon to Singapore’s overall prosperity.
Fortunes Rise and Fall
This year, DBS is on top. Next year, who knows? Forbes releases a new list, which is hotly-anticipated, each and every year. A few Singapore companies fell off the list last year. However, they may come back. The Singaporean government is definitely committed to helping businesses grow and thrive. Nonetheless, specific niche industries do experience setbacks sometimes and companies also have internal issues which may affect their overall profitability and prosperity.
Now that you know more about Singapore’s biggest company, DBS, which is a popular bank, you’ve learned about a powerful force in Singapore’s economy. Don’t be surprised to hear more and more success stories like this coming out of Singapore in the near future, This is very much an economy on the rise!