Investment Opportunities in Singapore and Malaysia
The development of airports in a city is not only indicative of the city’s commercial and tourism activities, but also an important indicator of local economic development. As the city grows and the population increases, airport construction continues to upgrade and expand, which directly promotes urban economic growth. In addition, airports are important bridges connecting cities with other parts of the world, promoting exchanges and cultural exchanges between cities and the outside world. Therefore, the development of airports in a city is not only an important factor in local economic development, but also an important way to promote exchanges and development between the city and the outside world.
Forest City is located near the Changi Airport, which has been globally rated as the best airport, and the Senai International Airport, which connects the domestic cities of Malaysia. Located in such a transportation hub, Forest City will have more opportunities to attract global travelers and become a rapidly developing city.
The world’s best airport: Singapore Changi Airport
According to a report by OAG Aviation Worldwide, a global travel data and analysis company, Singapore Changi Airport was ranked fourth among the world’s busiest international airports, with a total of about 2,459,030 regular flight seats in February of this year.
Every year, Skytrax votes for the world’s best airport ranking based on the satisfaction of global customers from up to 550 airports worldwide. The scoring criteria for this ranking include airport layout, comfort, customer service, and supporting facilities, among others, and it is considered to be credible. Singapore Changi Airport is famous for its entertainment facilities and wide range of amenities, making it very popular. It has been ranked as the world’s best airport 12 times, rising from third place last year to first place, and has also won awards for the world’s best airport dining and leisure facilities.
Singapore ranked Asia's most competitive city
According to the 2023 World Competitiveness Yearbook published by the International Institute for Management Development (IMD) in Switzerland, Singapore has maintained its position as the most competitive city in Asia, with a four-point lead over Taiwan in sixth place.
Singapore’s economic ranking fell from second place in 2022 to third place in 2023. The government’s efficiency ranking fell from fourth to seventh, while the business efficiency ranking rose from ninth to eighth. The infrastructure ranking also rose from twelfth to ninth. Singapore has advantages in international trade, employment, and technology infrastructure, but lags behind in indicators such as prices, management measures, health, and the environment. Nevertheless, it remains a very strong and competitive city!
FAQ
The Malaysian government actively promotes foreign investment by offering tax and other incentives to attract investment. Labor costs are relatively low, and it has a highly qualified workforce and an excellent education system. The business environment is stable, as is the political and social environment, making it a safe investment option. In addition, Malaysia is one of the largest producers of natural gas and oil in Southeast Asia and has abundant energy reserves.
According to the Global Service Location Index (GSLI) 2021 published by global consulting firm Kearney, seven out of the top 10 economies in Asia are ranked. As an emerging market with abundant resources and a diverse economy, Malaysia is a convenient trade hub.
GBS, or Global Business Services, is a centralized business model that allows multinational corporations or organizations to concentrate their business operations and activities in one place. This location is usually a region with superior infrastructure and resources on a global scale.The purpose of GBS is to increase efficiency, reduce costs, standardize business processes, etc. GBS also provides better data analytics, talent acquisition, customer relationship management, etc., to help the business or organization to better cope with the challenges in the marketplace.
