TRADITIONALLY, Singapore has been often referred to as a 'Red Dot' that is geopolitically well-placed, making it the central trading hub and a crucial connector between Asean and the global market. With its robust infrastructure, great business-friendly atmosphere and geography, Singapore has been inviting multinational corporations from all over the world.
In Transparency International's Corruption Perceptions Index, it is positioned rather low; there are substantial reforms required in such things. Such obstacles notwithstanding, Manila could well become one of the largest trade and business hubs in the world.There is a need to work on transparency, simplify bureaucratic procedures and finally deal with corruption.
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