February 28, 2016 | Sharon Cheong
Located at the southernmost tip of the Asian continent,Singapore is currently the best city for companies to invest in Asia. Despite the fear of a slow-growing economy, the country is well on its way to becoming the biggest business hub of Asia. This globally united nation offers excellent opportunities for industries that rely on trust and knowledge for their business operations. With a growth rate of 4.5 percent, which is higher than most of the nations of the West, the economy of Singapore is highly conducive for businesses to grow and excel in their particular fields. With that said, here are some of the most successful Singapore companies for the year 2015 that have marked significant growth in past few decades:
With operations in 17 markets, DBS group employs more than 21,000 people. It is the largest bank in Singapore having the total assets of divisions and representatives in 16 states.
SingTel, Singapore Telecommunications Limited is the largest company by market capitalization. Home to about twenty thousand people, Sing Tel, is present in 25 countries either with its operations or in collaboration with other companies.
United Overseas Bank
With its presence in more than 19 countries and employing more than 25,000 people, the bank is into offering several different kinds of services like Privilege Banking and Privilege reservations, personal banking, corporate and institutional banking, business banking and wealth banking.
Wilmar International, founded in 1991, is a food processing company. Employing more than 90,000 people, Wilmar International has its presence in over 50 countries. Wilmar International follows an integrated business model that performs multiple processing tasks, including the processing of oleo chemicals, specialty fats, oil seeds meal, bulk edible oils and consumer pack edible oils. Apart from this processing activity, the company also takes care of the distribution and transportation of the merchandise.
The company specializes in the business of shipping along with infrastructure and property. Along with its subsidiaries and affiliated businesses, the company has its presence in almost 13 nations of the world.
Flextronics International is a supply chain management company that provides multiple services to original equipment manufacturers. Home to more than 150,000 workers, Flextronics International is operational in more than 30 countries.
Avago Technologies was founded in 1961 with headquarters in both the United States and Singapore. It is home to 8,500 employees, and some of its primary products include RF and microwave that caters to medical, consumer, communication and automobile sectors, Optical sensors, Motion control encoders, LEDs display, LSI products.
Founded in the year 2000 and headquartered in Singapore, CapitaLand is one of the biggest real estate companies in Asia. With employee strength of more than 8500, the company's prime focus is on global economies like Europe and Australia other than Singapore and China, which are its core markets. In the field of building homes, offices and malls, the company has subsidiaries that are listed real estate investment trusts.
Founded in the year 1947, Singapore Airlines, employ more than 24000 people. Majorly owned by the government, the airline manages its operations with the help of its subsidiaries like Tiger Air, Singapore Airline Cargo, Silk Air, Scoot, just to name a few.
There has never been a better time to set up a business in Singapore. To make the most of it, you will need to understand the company culture of the country that 5.5 million people of the Singapore follow. If you are a business willing to have an existence in Singapore, Servcorp is there to fulfill any of your business needs. From rental meeting rooms and coworking spaces to serviced and virtual offices, Servcorp is the one stop destination for all your business needs in Singapore. Call us at +65 6690 6161 and allow us to facilitate you in setting up your business in Singapore