Location of Singapore

Singapore is a global city and sovereign state in Southeast Asia and the world's only island city-state. Singapore has a highly developed market economy, based historically on extended entrepôt trade. Along with Hong Kong, South Korea, and Taiwan, Singapore is one of the original Four Asian Tigers, but has surpassed its peers in terms of GDP per capita. Between 1965 and 1995, growth rates averaged around 6 per cent per annum, transforming the living standards of the population.[1] The Singaporean economy is known as one of the freest,[2] most innovative,[3] most competitive,[4] most dynamic[5] and most business-friendly.[6] The 2015 Index of Economic Freedom ranks Singapore as the second-freest economy in the world and the Ease of Doing Business Index has also ranked Singapore as the easiest place to do business for the past decade.[7] According to the Corruption Perceptions Index, Singapore is consistently ranked as one of the least corrupt countries in the world, along with New Zealand and the Scandinavian countries.

To start a business in Singapore, business owners have to register with the Accounting and Corporate Regulatory Authority (ACRA).[8] ACRA is the national regulator and company registrar of business entities, accountants and service providers in Singapore.

Largest firms

Largest public companies

This list shows firms in the Forbes Global 2000, which ranks the world's largest public companies for 2022.[9] Only the top five firms (if available) are included as a sample.

Rank Image Name 2022 revenues (USD billion) 2022 assets (USD billion) Notes
218 OCBC Bank 22.9 402.2 OCBC Bank is a publicly listed financial services organisation and is the second-largest bank in Southeast Asia by total assets.
244 DBS Group 12.4 509.1 DBS Bank is a multinational banking and financial services corporation.
362 Wilmar International 65.8 58.7 Wilmar is an agribusiness acting as a holding company for more than 400 subsidiaries.
367 UOB 8.9 340.7 UOB is a Singaporean multinational banking organisation, with branches mostly found in most Southeast Asian countries.
735 Singtel 11.8 35.0 Singapore's largest telecommunications company with operations in Asia, Australia and Africa.

By total revenue

This list shows firms in the Fortune Global 500, which ranks firms by total revenue for 2022.[10] Only the top five firms (if available) are included as a sample.

Rank Image Name 2022 revenues (USD billion) Employees Notes
19 Trafigura Group 231.308 9,031 Parent (Trafigura Beheer BV) is a Swiss/Dutch entity, but primary operations are from the Trafigura Group in Singapore.
192 Wilmar International 65.793 100,000 Wilmar is an agribusiness acting as a holding company for more than 400 subsidiaries.
406 Olam Group 24.419 62,548 Olam Group is a food and an agribusiness company founded in Nigeria; with primary operations and headquarters in Singapore.

Notable firms

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
2C2P Industrials Financial administration Singapore 2003 Money movement
Aetos Security Management Industrials Business support services Singapore 2004 Security services
AIBI International Consumer goods Recreational products Singapore 1985 Health and fitness products
Ayam Brand Consumer goods Food products Singapore 1892 Prepared foods
Bee Cheng Hiang Consumer goods Food products Singapore 1933 Singaporean cuisine
Boustead Singapore Industrials Business support services Singapore 1828 Engineering, SGX: F9D
BreadTalk Consumer goods Food products Singapore 2000 Bakery
Broadcom Limited Technology Semiconductors Singapore (Dual HQ in US) 1961 Nasdaq: AVGO
CapitaLand Financials Real estate holding & development Singapore 2000 Developer, SGX: C31
Carousell Technology Software Singapore 2012 E-commerce platform
Certis CISCO Industrials Business support services Singapore 1958 Private security
Charles & Keith Consumer services Apparel retailers Singapore 1996 Clothing retailer
China Aviation Oil Oil & gas Exploration & production Singapore 1993 SGX: G92
ComfortDelGro Consumer services Travel & tourism Singapore 2003 Passenger transport, SGX: C52
Creative Technology Technology Computer hardware Singapore 1981 SGX: C76
DBS Bank Financials Banks Singapore 1968 SGX: D05
dnata Singapore Industrials Delivery services Singapore 1997 Ground handling
Far East Orchard Consumer services Hotels Singapore 1967 Hotels, part of Far East Organization
Far East Organization Financials Real estate holding & development Singapore 1962 Property development
FilmTack Industrials Building materials & fixtures Singapore 1980 Glass tinting
Flextronics Industrials Electronic equipment Singapore 1964 Manufacturing
Fraser and Neave Consumer goods Food products Singapore 1883 SGX: F99
Garena Technology Software Singapore 2009 Game and software development
Genting Singapore Consumer services Travel & tourism Singapore 1984 Hospitality and tourism
GlobalRoam Telecommunications mobile telecommunications Singapore 2001 information technology
Golden Agri-Resources Basic materials Commodity chemicals Singapore 1996 Palm oil
Grab Technology Internet Singapore 2012 Car and Taxi hailing service
Great Eastern Life Financials Life insurance Singapore 1908 Life insurance
Hyflux Industrials Heavy construction Singapore 1989 Energy infrastructure construction
Jetstar Asia Airways Consumer Services Airlines Singapore 2004 Low-cost airline
Jurong Port Industrials Transportation services Singapore 2001 Port operator
JTC Corporation Financials Real estate holding & development Singapore 1968 State-owned developer
Keppel Corporation Industrials Diversified industrials Singapore 1968 World's largest oil rig builder; SGX: BN4
Koufu Consumer goods Restaurants & bars Singapore 2002 Food court chain
M1 Limited Telecommunications Fixed-line telecommunications Singapore 1994 Telecom
Mediacorp Consumer services Broadcasting & entertainment Singapore 1963 Diversified media holdings
MyRepublic Telecommunications Fixed line telecommunications Singapore 2011 Telecom
NETS Financials Electronic payment services Singapore 1985 Payments and financial processing services
Neptune Orient Lines Industrials Marine transportation Singapore 1958 Cargo shipping; merged with CMA CGM
NTUC FairPrice Consumer services Food retailers & wholesalers Singapore 1973 Supermarket chain
OCBC Bank Financials Banks Singapore 1932 SGX: O04
Osim International Consumer services Specialty retailers Singapore 1980 Healthy lifestyle retailer
PSA International Industrials Transportation services Singapore 1964 Port operator, SGX: N06
Pacific Century Regional Developments Limited Conglomerates - Singapore 1963[11] SGX: P15
Popular Holdings Consumer services Specialty retailers Singapore 1924 Books
POSB Bank Financials Banks Singapore 1877 Bank, part of DBS Bank
Renewable Energy Corporation Industrials Electrical components & equipment Singapore 1996 Solar energy manufacturer
Robinsons & Co. Consumer services Broadline retailers Singapore 1858 Operates a chain of department stores
SATS Ltd Industrials Transportation services Singapore 1972 Airline support, SGX: S58
SBS Transit Consumer services Travel & tourism Singapore 1973 Passenger transportation, SGX: S61
Scoot Consumer services Airlines Singapore 2011 Low-cost airline
SembCorp Marine Industrials Commercial vehicles & trucks Singapore 1963 SGX: S51
SIA Engineering Company Industrials Aerospace Singapore 1992 SGX: S59
Singapore Press Holdings Financials Real estate holding & development Singapore 1984 Real estate holdings; merged with Cuscaden Peak
SPH Media Trust Consumer services Publishing Singapore 2021 Publisher
SMRT Corporation Consumer services Travel & tourism Singapore 2000 Public transportation
SGAG Consumer services Broadcasting & entertainment Singapore 2012 Social media website and news media company
Sheng Siong Consumer services Food retailers & wholesalers Singapore 1985 Supermarkets
Shopee Technology Software Singapore 2015 E-commerce platform
SilkAir Consumer services Airlines Singapore 1992 Regional airline, merged with Singapore Airlines
Singapore Airlines Consumer services Airlines Singapore 1947 SGX: S55
Singapore Airlines Cargo Industrials Delivery services Singapore 2001 Cargo airline, part of Singapore Airlines
Singapore Exchange Financials Investment services Singapore 1999 Exchange
Singapore Petroleum Company Limited Oil & gas Exploration & production Singapore 1969 Part of PetroChina
Singlife Financials Full line insurance Singapore 2017 Insurance
SP Group Utilities Conventional electricity Singapore 1995 Part of Temasek Holdings
Singapore Post Industrials Delivery services Singapore 1819 SGX: S08
Singtel Telecommunications Mobile telecommunications Singapore 1992 Mobile network, SGX: Z74
ST Engineering Industrials Diversified industrials Singapore 1967 Aerospace, electronics
Standard Chartered Singapore Financials Banks Singapore 1859 Subsidiary of Standard Chartered
StarHub Telecommunications Fixed-line telecommunications Singapore 1998 SGX: T54
Systems on Silicon Manufacturing Technology Semiconductors Singapore 1998 Manufacturing
Tangs Consumer services Broadline retailer Singapore 1932 Department stores
Tee Yih Jia Consumer goods Food products Singapore 1969 Food production
Temasek Holdings Conglomerates - Singapore 1974 State-owned holding company
Thakral Corporation Conglomerates - Singapore 1995[12] SGX: Y03
Tiger Airways Holdings Consumer services Airlines Singapore 2007
Twelve Cupcakes Consumer goods Food products Singapore 2011 Confectionery
Vertex Venture Holdings Financials Equity investment instruments Singapore 1988 Investment holdings
Ya Kun Kaya Toast Consumer services Restaurants & bars Singapore 1944 Café chain
Yeo Hiap Seng Consumer goods Soft drinks Singapore 1900 SGX: Y03

, part of Far East Organization

Wilmar Basic Materials Commodity chemicals Singapore 1991 SGX: F34

See also

References

  1. ↑ Baten, Jörg (2016). A History of the Global Economy. From 1500 to the Present. Cambridge University Press. p. 292. ISBN 9781107507180.
  2. ↑ Li, Dickson (1 February 2010). "Singapore is most open economy: Report". Asiaone. Singapore. Archived from the original on 7 February 2010. Retrieved 10 May 2011.
  3. ↑ "Singapore ranked 7th in the world for innovation". The Straits Times. Singapore. 5 March 2010. Retrieved 23 August 2010.
  4. ↑ "The Global Competitiveness Index 2009–2010 rankings and 2008–2009 comparisons" (PDF). World Economic Forum. 2010. Archived from the original (PDF) on 30 October 2010. Retrieved 18 February 2011.
  5. ↑ "Singapore jumps to top of Global Dynamism Index". The Straits Times. Singapore. 29 October 2015.
  6. ↑ "Singapore top paradise for business: World Bank". AsiaOne. Singapore. Agence France-Presse. 26 September 2007. Archived from the original on 7 July 2009. Retrieved 22 April 2010. For the second year running, Singapore tops the aggregate rankings on the ease of doing business in 2006 to 2007.
  7. ↑ "Economy rankings". Doingbusiness.org. 27 October 2015. Archived from the original on 6 February 2015. Retrieved 28 October 2015.
  8. ↑ Harold Siow Song Teng (22 September 2011). Government Policy and Critical Success Factors of Small Businesses in Singapore. Cambridge Scholars Publishing. p. 52. ISBN 978-1-4438-3394-3.
  9. ↑ "The Global 2000 2022". Forbes. 12 May 2022. Retrieved 19 March 2023.
  10. ↑ "Global 500 | Fortune". Fortune. 19 March 2023. Retrieved 19 March 2023.
  11. ↑ "P15.SI Profile | Pacific Century Stock - Yahoo! Singapore Finance". Sg.finance.yahoo.com. Retrieved 23 December 2017.
  12. ↑ "Welcome to Thakral Corporation". Archived from the original on 28 November 2016. Retrieved 28 November 2016.
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