One of the economic leaders in Asia, and possibly soon the world, is a small country in South East Asia— none other than the modern city of Singapore. More and more tourists and expatriates decide to either frequent the country for its tourist attractions or reside and start a business in this country. Ricky Hamall, a Malaysian businessman shared how the support of sme funding in Singapore made him decided to settle with his family in the country for good, “We decided to bring our small textile business here in Singapore when we saw the opportunity to apply for the an sme grant. The business grew in just a year’s time. We decided to buy a home here and enrol the kids in private schools. I couldn’t be happier. The government’s SME programs have proven to be beneficial to us, but for all other SMEs who dream to hurdle the challenges of the entrepreneurship.” Providing SME grants is not something uniquely practiced by Singapore alone. In fact, other Asian countries like Israel, Japan, Korea, Taiwan, and China have been recognized by World Economic Forum to be among the nations who spearhead productive sme grants programs in their respective lands. Allen Dy, a local Singaporean entrepreneur, explained why Singapore has been praised in the past decades , “Good schools, good transportation, attractive tourist sites, a balance of city and country life—we have it all. The government of SG has accounted all the necessary elements for an individual to experience the finest things in life. No wonder it is a melting pot of cultures. Europeans and Americans come here to start or branch out their companies. Australians, New Zealanders, and Japanese travel here and soon open their own restaurants. There are a million things to love about the country. Art and science are both valued by the government so no one is left out. You can make it as an artist and a tech-savvy professional as well.” Aside from the promise of business success, expats like the climate in SG too. “This tropical country is warm and sunny all year round. Foreigners who do business here decide later on decide to retire in the country. And you’d be surprised that these are people who came from countries with four lovely seasons including the chilly time of autumn and the snow-filled season of winter. I guess, health-wise, staying in a tropical country is very inviting,” observed Mario Ferrer, a businessman from Peru who settled in Singapore since 2003.
“Singapore is a mecca for dreamers. It is impossible not to succeed with your business plans here because people from all over the world troop to the country all months of the year. I mean, if you carefully study it, every month is a peak season for tourist visits. Your market is wider and more diverse, per se. Which is quite ironic because the country is relatively small compared to America and other leading economies in Europe. If it is true that Asia will be the next economic giant, Singapore will definitely lead the way,” predicted economist Gary Smoulders who has been following the economic track of South East Asian nations since the early ‘90s.
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