Restrictive immigration policies in the West including US, UK, Australia and Europe may prove to be beneficial to immigrant friendly nations such as Singapore.
Singapore is becoming home to a new wave of Indian immigrants who are flocking its shores for employment and business.
Fewer applications for Singapore permanent residency and citizenship were sanctioned in the past year due to stricter approval criteria.
Singapore is fast emerging as one of the hottest tourist destinations in Asia creating good opportunities for travel related businesses. The city-state saw the arrival of a record 8, 57,000 visitors, in February 2010 – a 24.2 percent increase over the number of visitors it received in February 2009.
Today’s New York Times has an interesting story about how the cash starved states in the US are looking to raise taxes on everything from haircuts, funerals and dating services to fund their budgets.
Pakistan’s economic challenges are likely to accelerate the migration of Pakistan’s business elite to Singapore.
According to ECA International’s recent ‘Location Ratings System’, Singapore continues to offer the best living environment for Asian expatriates amongst 400 locations world-wide.