The Switzerland of Asia Shines

The Switzerland of Asia Shines In many ways, Singapore is the Asia.Begun of Switzerland in 1819 as a British trading colony, the Republic of Singapore was founded in 1965 under the leadership of current Prime Minister? Father, Mr Lee Kuan Yew. Although it is only 1 / 5 the size of Rhode Island and three times the size of Washington DC, is perhaps the most strategically important global trading, financial and service-connection in Asia. Here's why you should invest in Singapore.While Shanghai, Hong Kong and Singapore who say that the port is in Asia is next to the channel for the exchange of vital importance, the Strait of Malacca.Unlike South Korea and Taiwan, are highly dependent on the cyclical electronics industry, Singapore has a well-diversified. 70% of GDP, finance and services. Singapore? The regulations and accounting standards are among the most conservative of the world. For example, its rules on accounting and preparation of acquisition of share options are more conservative than the United States. Trade SurplusDespite only 1.6% of the land will be used for farming and import almost everything, including water, Singapore has maintained a trade surplus. Singapore has a balanced budget, a stable currency and still manages to 5% of GDP for defense.It provides a multi-ethnic society, with 77% Chinese, 14% Malay and 8% Indian.Singapore has a parliamentary form of govement , an English common law and justice is corruption and drug trafficking charge. Slowly but surely, a free political climate is developing with a Speaker's Coer, in 2000, and the ability to build? Views freely, with the exception of the sensitive issues of race and religionSingapore? The educational performance is legendary. The fact that twice as many Inteet users as television said. Singapore? S New ResortsSingapore also change with time. In order to increase investment, tax, and some 'gloss, Singapore recently, the development of two large casino resorts. E 'part of a strategy to reduce the country? S dependence of production and was positioned as a vibrant destination. Of course there are limitations. Singaporeans have to pay $ 60 for admission and the areas of the game are limited to only 5% of the funds. According to projections, the places leads to 4 billion dollars in investments, $ 3.5 billion in annual sales, 35,000 jobs and $ 350 million a year in the form of taxes and fees.Singapore has also made great strides misunderstandings in the patch with its neighbors to the north, Malaysia, from which it split in 1965. Tax issues, water supply and public transport are all moving much more smoothly. Singapore is qualified to operate in their manufacture, as well as several large semiconductor manufacturers such as National Semiconductor announced plants in China and Malaysia. For three decades, Singapore has focused on electronics as the backbone of the sector, but is characterized by the transition to a service for R & D and the economy. The electronics is about 40% of production, but only 5% of jobs. Surprisingly, some companies have transfer centers from China to Singapore, because of infrastructure, logistics and laws protecting intellectual property. Exxon Mobil, Shell and Sumitomo expanding petrochemical facilities and Singapore added 27,000 manufacturing jobs last year with the implementation of the food chain. After 8.4% GDP growth in 2004 and a weak start at the beginning of this year in Singapore? Economy, more 12% growth in the second quarter and should be a solid artist in the coming years. Continued strong global demand for transport, communications and logistics services, increasing IT spending, increasing consumer spending and property prices and expanded tourism throughout the further growth. A simple and intelligent way to invest in Italy is the iShares Singapore (EWS) which tracks the Singapore Straits Index. E 'il 26% in recent years and up to 9.4% per year. The largest positions are in Singapore Telecom, United Overseas Bank and DBS Bank. E 'a better and more efficient tax has an annual cost ratio of only 0.59%. Trading on the draft 14-times the result, the Singapore market is still attractive. For comparison, the Switzerland-iShares (LEF) is trading at 18 times eaings. The synonym of quality and increasingly creative, Singapore is a great center of a global business portfolio. About the Author Carl Delfeld is head of global consulting firm Chartwell Partners and editor? Chartwell Advisor? e? Asia Investor Intelligence? Newsletter. E 'was the Board of Directors of Asian Development Bank in Manila and is the author of The New Global Investor (iUniverse: 2005). For more information, visit or call 877-221-1496.