{"id":1324,"date":"2016-11-29T09:13:29","date_gmt":"2016-11-29T09:13:29","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=1324"},"modified":"2020-09-22T08:25:11","modified_gmt":"2020-09-22T08:25:11","slug":"mas-registered","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/mas-registered\/","title":{"rendered":"MAS Forex Brokers: Economy of Singapore"},"content":{"rendered":"
Singapore’s economy is flourishing and it is very oriented towards international trade. It is the most open economy in the world according to statistics, with an emphasis on business and low taxes. The GDP is the 3rd highest on the global level in terms of Purchasing Power.<\/p>\n
The economy depends on companies which are mostly linked to the government. Foreign Direct Investment goes both ways in Singapore: Singapore invests internationally, and is being invested in. It offers an ideal business environment with the low taxes, a healthy economy, and a stable political situation. It is no surprise that many Forex companies found their dream conditions in Singapore. The national currency is the Singapore dollar (SGD) and is somewhat weaker than the USD but not significantly, e.g. (1SGD equals 0.718445 USD). What makes Singapore different from other offshore locations is that the costs are not that low. The standard of living in Singapore is higher which means that the workforce has to be paid accordingly, and is not as affordable as in India or Malaysia<\/a>. Singapore cannot even be directly called an offshore destination given that the Forex brokers\u2019 clients mostly come from Singapore.<\/p>\nBest Forex Brokers<\/h3>\n