Singapore has a highly developed trade-oriented market economy. Singapore's economy has been ranked as the most open in the world, 7th least corrupt, most pro-business, with low tax rates (14.2% of Gross Domestic Product, GDP) and has the third highest per-capita GDP in the world; in terms of Purchasing Power Parity (PPP).
Government-linked companies play a substantial role in Singapore's economy, which are owned through the sovereign wealth fund Temasek Holdings, which holds majority stakes in several of the nation's largest companies, such as Singapore Airlines, SingTel, ST Engineering and MediaCorp.
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Attract foreign talents
Biopolis
Encourage entrepreneurship
Foreign Direct Investment FDI
Highly developed economy
Inward flow of FDI
Land scarcity in Singapore
Measures to boost Singapore prosperity
Oil refining
Port infrastructure
Promote innovation
Regional hub for wealth managemnet
Republic of Singapore
Retraining workforce
Savings and Investment Rates
Singapore economy revenue
Trade oriented market
Transport infrastructure providing seamless connecitivity
Water fabrication re explort
World highest trade to GDP