According to GuideMeSingapore.com (www.guidemesingapore.com) the ongoing economic crisis in Europe would reach its peak in early 2012 and it would obviously affect most markets around the world. However, countries such as Singapore that has strong fundamentals and has taken steps for continued growth in the future would not be affected too much by the Euro crisis. Singapore has a vibrant economy and was also one of the first developed nations to come out of the economic recession that began in the year 2008. Also Singapore is currently one of the highest recipients of foreign direct investment and the ongoing economic downturn in the west will actually increase the number of foreign investors entering Singapore. There are some that even feel Singapore is one of the safest places to invest at the moment because of its diversified economy and growing trade relations with the biggest economies of the world.
Although most Asian currencies have suffered major losses against the US dollar in 2011, the Singapore dollar has remained more or less stable and a little fluctuation is to be expected in the coming weeks. With Singapore being ranked as the easiest place on earth to do business once again by the World Bank, there are possibilities of several western companies seeking a stronger presence in Singapore and even try to cater to the lucrative Asian markets using Singapore as their regional headquarters. Source www.prurgent.com For the latest updates PRESS CTR + D or visit Stock Market news Today
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