Thursday, July 4

Tag: finance

Singapore to have the highest number of millionaires by 2030
Business, Culture, Finance, Leadership, News

Singapore to have the highest number of millionaires by 2030

We all know Singapore as a highly strategic business hub, the country's high connectivity has pushed the country into a very lucrative position.  Singapore's unique location at the crossroads of East and West has positioned the city-state as a major worldwide trading hub. Because of its location, it has easy access to markets in Thailand, Vietnam, Cambodia, Malaysia, Indonesia, the Philippines, and Myanmar. Singapore's marine port was connected to 600 other ports in 123 countries via 200 shipping lines as early as 2011, while Changi Airport was listed among Asia's top five for air cargo, with over 6,100 weekly flights connecting to 210 destinations in 60 countries. According to the analysis, nearly 13% of Singapore's adult population will be worth $1 million or more in eight year...