What makes Singapore such an attractive place for Japanese companies to do business?
Foreign companies are drawn to our robust infrastructure, talented workforce and good intellectual property protection. We have an open economy, a flexible labor market and a minimum of red tape. We have comprehensive air, sea and telecommunications links, and a thriving financial center. We have an extensive network of free-trade agreements and investment guarantee agreements. The government tries its best to tackle business concerns, such as cost pressures and resource needs. The unions too work closely with the government and employers so as to create good jobs for workers. Today, over 26,000 international companies operate here and 60 percent of the foreign MNCs here use Singapore as a regional center. Singapore is an emerging leader in the biomedical sector and a global manufacturing leader in many industries, such as jack-up rigs, disk drives and hearing aids.
