Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational economists, think-tanks and organisations.[1] Furthermore, Singapore is also consistently ranked as one of the least corrupt countries in the world, and the most transparent in all of Asia on the Corruption Perceptions Index (CPI).[2]
Singapore is a wealthy country, and is one of the original Four Asian Tigers, having also surpassed its peers in terms of GDP per capita, being the second highest in the world. Between 1965 and 1995, growth rates averaged around 6 per cent per annum, transforming the living standards of the population within a single generation.[3] To start a business in Singapore, business owners have to register with the Accounting and Corporate Regulatory Authority (ACRA).[4] ACRA is the national regulator and company registrar of business entities, accountants and service providers in Singapore.
See also: List of largest companies in Singapore.
This list shows firms in the Forbes Global 2000, which ranks the world's largest public companies for 2022.[5] Only the top five firms (if available) are included as a sample.
| Rank | Image | Name | 2022 revenues (USD billion) | 2022 assets (USD billion) | Notes | |
|---|---|---|---|---|---|---|
| 218 | OCBC Bank | 22.9 | 402.2 | OCBC Bank is a publicly listed financial services organisation and is the second-largest bank in Southeast Asia by total assets. | ||
| 244 | DBS Group | 12.4 | 509.1 | DBS Bank is a multinational banking and financial services corporation. | ||
| 362 | Wilmar International | 65.8 | 58.7 | Wilmar is an agribusiness acting as a holding company for more than 400 subsidiaries. | ||
| 367 | UOB | 8.9 | 340.7 | UOB is a Singaporean multinational banking organisation, with branches mostly found in most Southeast Asian countries. | ||
| 735 | Singtel | 11.8 | 35.0 | Singapore's largest telecommunications company with operations in Asia, Australia and Africa. |
This list shows firms in the Fortune Global 500, which ranks firms by total revenue for 2022.[6] Only the top five firms (if available) are included as a sample.
| Rank | Image | Name | 2022 revenues (USD billion) | Employees | Notes | |
|---|---|---|---|---|---|---|
| 19 | Trafigura Group | 231.308 | 9,031 | Parent (Trafigura Beheer BV) is a Swiss/Dutch entity, but primary operations are from the Trafigura Group in Singapore. | ||
| 192 | Wilmar International | 65.793 | 100,000 | Wilmar is an agribusiness acting as a holding company for more than 400 subsidiaries. | ||
| 406 | Olam Group | 24.419 | 62,548 | Olam Group is a food and an agribusiness company founded in Nigeria; with primary operations and headquarters in Singapore. |
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.