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The Dire Need of New Investment in Affluent Singapore by Charlas William
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The Dire Need of New Investment in Affluent Singapore |
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Business
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Singapore struggles in a tussle with Hong Kong - an ongoing battle for the best expats in the region. Singapore is especially culpable for the existence of this struggle because it provides such an austere and stagnant environment which fails to endorseculturally innovative investments - and it these laterally conducted investments that the country craves. The press and the state do very little for the improvement of commercial operations in the nation and this is why Hong Kong can even dreams of competing for expats with Singapore.
The above criticism will seem completely ridiculous to anyone who is fond of quantitative analysis. The nation remains the USA's fifteenth largest trading partner with import trade well and above impressive levels of 100 billion+ dollars annually. Singapore also exploits lucrative import and export relations with nearby Malaysia and it has developed two way trade with the US on the back of this. Now, developing an export relationship is not something that is done lightly and it is the superb quality of the telecommunications and electronic industries which have ensured profitability. However, petroleum, chemical trade and textile production have all came to the fore in recent years to boost export prospects. Read more about Hungarian translation.
So why do I criticise Singapore on the back of these positive figures? I do so because such trade limits the nation to the realm of commercial cog. Where is the innovation? The imagination? Considering the figures above, it should be never be the case that Singapore finds itself competing for mid-level expats with Hong Kong. Something is clearly wrong - something is clearly missing: and that is the introduction of Western start-ups.
Business in Singapore regularly deters the most forward-thinking Western investors and entrepreneurs. The reliance on conference business is one major red flag that pushes small-time operatives away but the proliferation of simultaneous interpreting services should put an end to those concerns. The barriers in Singapore can be overcome so, if you're a small Western start-up, don't be afraid to jump in. The financial steadiness of the nation is one big advantage but the leaning towards the ideals of Hong Kong should show all Western entrepreneurs that a massive opportunity exists with Singapore's society - an opportunity to fill the cultural/business hybrid void and pull this austere nation towards the realms of Tokyo and Bangkok. The state can only stretch so far and history shows that Western investors can have a big say on future business development. Search more about simultaneous interpreting services.
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