MEDIUM RISK for enterprise
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
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GDP | USD372.06bn (world ranking 34, World Bank 2019) |
Population | 5.7mn (world ranking 114, World Bank 2019) |
Form of state | Parliamentary Republic |
Head of government | LEE Hsien Loong (PM) |
Next elections | by July 2025, general election |
(% of total)
Exports | Rank | Imports |
---|---|---|
China
25%
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1 |
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China, Hong Kong SAR
11%
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2 |
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Malaysia
11%
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3 |
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Indonesia
8%
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4 |
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United States
7%
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5 |
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(% of total)
Exports | Rank | Imports |
---|---|---|
Electrical machinery and apparatus
29%
|
1 |
24%
Electrical machinery and apparatus
|
Petroleum and related materials
13%
|
2 |
21%
Petroleum and related materials
|
Office and automatic data processing machines
6%
|
3 |
5%
Office and automatic data processing machines
|
Organic chemicals
4%
|
4 |
4%
Telecommunication and sound recording apparatus
|
Specialised machinery
4%
|
5 |
3%
Other industrial machinery and parts
|
Low
Medium
Sensitive
High
Payments
Court proceedings
Insolvency proceedings
Payments
Court proceedings
Insolvency proceedings
Overall, legal action remains expensive even though the court system is fairly efficient.
The insolvency framework is in line with international standards however in practice, as in most countries, collecting debt from insolvent debtors would prove to be a genuine challenge.
01 April
The pace of vaccination campaigns will drive a multi-speed recovery, keeping divergence high.
26 March
Supply-chain disruptions since the beginning of the year could cost USD230bn.
05 March
As governments race to contain new and more contagious variants of Covid-19, ‘travel passes’ or ‘vaccine passports’ won’t be enough to revive tourism.