Singapore in world's top 20 for trade growth potential: StanChart
The city-state made the list of 20 global markets that are most rapidly improving their individual potential for trade to grow, coming in at 16th place, according to the bank’s new Trade20 Index.
The city-state is implementing long-term policies that will put it in a strong position to cope with the uncertainties of escalating trade tensions, said Himanshu Maggo, head of trade product management, transaction banking, Singapore at StanChart.
Vietnam, Indonesia and Thailand performed particularly well in terms of trade readiness. The former two scored high marks for that pillar due to improvements to their infrastructure and the ease of doing business, while Thailand’s ranking was boosted by its substantial growth in e-commerce.
“While they all face the challenges of heightened global uncertainty, they are well placed to benefit if multinationals consider moving their supply chains due to trade tensions elsewhere,” it added. “Regional trade deals, infrastructure improvements, and legislative reforms are also promoting increased openness.”
Separately, a Bain & Co report last week warned thatRead more: The Business Times
'Burning through the roof': Fire breaks out at semi-detached houses in Wilton CloseUPDATE: Occupants of the burning houses had self-evacuated by the time firefighters arrived. 'The fire was raging and burning through the roof,' said SCDF SCDF This is bad...
Fire breaks out at bungalow in Wilton CloseUPDATE: Occupants of the burning bungalow had self-evacuated by the time firefighters arrived. 'The fire was raging and burning through the roof,' said SCDF
Formula 1: Leclerc puts Ferrari on top in final practice at Singapore GPSINGAPORE: Charles Leclerc put Ferrari on top of the timesheets with the fastest lap in final practice session for the Singapore Grand Prix on ...
SoftBank mulls bringing 40 companies to Brazil: ExecutiveJapan's SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large ... Be very pleased with SolfBank + Japanese companies go to 🇧🇷
Formula 1: Vettel praises confidence-boosting support after Singapore winSINGAPORE: Four-time world champion Sebastian Vettel had gone 392 days without a win until he stormed to victory at the Singapore Grand Prix on ... LimGoHome LimVendeYa limveteya
Formula 1: Hamilton blames Mercedes strategy for Singapore resultSINGAPORE: World champion Lewis Hamilton felt Mercedes had the car to win the Singapore Grand Prix on Sunday (Sep 22) but strategic errors in the ... Oh. Poor boy.. Ferrari had the best drive mate. By far.