Singapore’s stronger than expected GDP growth during the first half of 2010 has prompted the government to raise its GDP forecast to 13-15% for 2010.
The Korean government has doubled the investment requirement for foreigners who wish to set up a business in the Republic of Korea under the D-8 investment visa.
France-based credit insurer Coface has upgraded Singapore’s country rating from A2+ plus to A1, the top-tier category in the latest country risk assessment report.
The government of Japan has pledged to lower its corporate income tax rate in order to attract more foreign investment to Japanese shores. However, it has a long way way to go before it can begin competing with tax friendly Singapore.
Singapore’s Next Generation National Broadband Network is on its way to providing ultra-high speed broadband access of up to 1Gbps to the entire nation.
The recent political instability in Thailand has sent the economy in a downward spiral while neighboring countries such as Singapore gain investor confidence.
The 2010 World Competitiveness Yearbook by Switzerland’s IMD business school has come out with historic results with Singapore ranked as the World’s Most Competitive Economy for the first time in over a decade, followed by Hong Kong and the US.