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ABusiness-FriendlyEnvironmentDrivingInvestmentandGrowthSingaporesbusiness-friendlyecosystemcontinues toattractinvestment throughgovernmentincentivescompetitivecorporate taxratesseamlessbusinessregistrationandworld-classinfrastructureTheseadvantageshavefuelledasteadyriseinforeigndirectinvestment(FDI)In2024netinflowsofdirectinvestmentsurgedby$36billionto$129billionreinforcingSingaporesreputationasareliableandhigh-performinginvestmentdestinationAdditionallySingaporesstrategicadvantageshavepropelleditseconomicsuccessOverthepast25yearsitsGrossNationalIncome(GNI)percapitahasmorethandoubledrisingfrom$40870in2000to$101464in2024Theeconomyisalsowell-diversifiedwithmanufacturingspanningpetrochemicalselectronicspharmaceuticalsmachineryandequipment–whiletheservicessectorthrivesinfinancetradeandbusinessservicesAlsoSingaporescommitmenttocybersecurityartificialintelligenceandautomationhasstrengtheneditsstandingasatechnologicallyadvancedeconomySustainingSingaporesCompetitiveEdgeDespiteitsdiversificationthreekeysectors–WholesaleTradeManufacturingandFinance&Insurance–accountedforoverhalfofSingaporeseconomicoutputin2024TosustaingrowthinthedecadesaheadtheSingaporebrandmustevolveBusinessesmustembracedigitisationdiversificationandinnovationtostaycompetitiveinafast-changinggloballandscapeInthe21stcenturysuccessisnolonger justaboutefficiency–itisaboutadaptabilityagilityexpertiseandqualityAdaptabilityandAgilityTheWholesaleTradeSectorEmbracingDigitisationWholesaleTradeisSingaporeslargestsectorbyfarcontributing203%oftheeconomyandcomprisingover50000companiesand300000employeesengagedinbusiness-to-business(B2B)tradestorageandwarehousingAsasectordatingbacktoSingaporesfoundingin1819itsbiggestchallengetodayisdigitaltransformation–modernisingoperationsandbuildingatalentpipelinethatisequippedwithdigitalskillsTIMESBUSINESSDIRECTORYOFSINGAPORE2025/202613
