Emerging Sectors in Singapore
Singapore leads Southeast Asia's banking and finance hub as banking, foreign exchange and insurance have been the key growth areas in this sector. Singapore has several internationally renowned banks such as BNP Paribas, Barclays Capital, Prudential, Credit Suisse, etc.
Tourism is also one of Singapore's largest service sectors promoting medical, business and retail tourism, thus fuelling the nation's economic growth. The Singapore Tourism Board aims to triple tourism receipts to S$30 billion and double visitor arrivals to 17 million by 2015. In terms of logistics, the country adopts best practices while developing supply security guidelines to create an IT platform that is applicable to the industry as a whole. The Singapore port is one of the busiest in the world, offering strong connectivity to the Asia-Pacific region.