• About Us
    • Fact Checking Policy
    • Ownership & funding information
    • Volunteer
  • Subscribe
  • Letter submission
    • Submissions Policy
  • Contact Us
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

Euromoney Country Risk: Singapore least risky country in the world for investments

by Neyla Zannia
15/03/2017
in Finance
Reading Time: 3 mins read
0

Photo of Singapore Port at Tanjong Pagar from Shutterstock

Euromoney Country Risk (ECR) survey has concluded Singapore as the least risky country in the world for investments, overtaken Switzerland and Norway to become the global leader in Euromoney Country Risk’s rankings
On its report released on Thursday (9 March), the magazine stated that the country’s ascent, from 21st in the world as recently as 2007, reflects a changing and uncertain world order, where nothing seems reliable or assured.
ECR said that the survey reflects a complex methodology combining the views of a community of economic and political experts across 15 categories of economic, structural and political risk; a further survey of debt syndicate managers; IMF data on debt indicators; and Moody’s and Fitch credit ratings, which covers 186 countries.
According to ERC, it is not as if the country is without challenges, stating that Euromoney’s November edition even called for a reinvention of Singapore, as its stock market struggles to attract new listings and its private banking industry deals with the fallout of 1MDB.
It also noted that the banks in the country, though conservatively provisioned, have had to deal with bad debts in the offshore oil and gas services sector, albeit they are among the most technologically advanced and forward-looking banks in the world.
However, ERC said that in terms of sovereign strength, the country is now peerless.
“Singapore’s position in the ranking represents a confluence of a number of strengths in categories that have turned into weaknesses elsewhere. So, Singapore’s economy only grew by 2 percent in 2016, and the government forecasts only 1 percent to 3 percent for 2017, but it is considered good and sustainable growth in an unpredictable world – and GNP is strong, with national livelihood high,” it said.
ERC noted that Singapore’s ascent reflects the culmination of a mission that has taken half a century.
It said that the Republic built its name on efficiency, stability, education and ease of doing business, noting that it handled the wealth of its British legacy assets so deftly that today three separate top-order institutions – the Monetary Authority of Singapore, GIC and Temasek – manage or invest the nation’s hundreds of billions of dollars of reserves and sovereign assets. Today there are only 11 countries left rated AAA by Fitch – as recently as 2009 there were 16. Singapore breathes increasingly rarified air in having the reputation of being an impregnable economy and financial system. It might not last
According to the Magazine, there are only 11 countries left rated AAA by Fitch today– as recently as 2009 there were 16. Singapore breathes increasingly rarified air in having the reputation of being an impregnable economy and financial system. It might not last
“Singapore breathes increasingly rarified air in having the reputation of being an impregnable economy and financial system,” it said.
ERC then said that it might not last forever – a rising oil price is likely to push Norway back up to the top spot – and one can’t avoid the fact that Singapore has achieved its climb to the top with lesser electoral freedoms than any other countries to have held the top spot.
“However, Singapore should be proud of its time at the peak. And it should continue to remind its private banking industry that nothing in the country is more important than its safe and reliable reputation,” it said.
“Sometimes boring is good,” it added.

For just US$7.50 a month, sign up as a subscriber on The Online Citizen Asia (and enjoy ads-free experience on our site) to support our mission to transform TOC into an alternative mainstream press.

Related Posts

A man can be sentenced to death by a testimony of another, but CPIB finds it hard to prosecute with mountain of evidence and self-confession?
Opinion

A man can be sentenced to death by a testimony of another, but CPIB finds it hard to prosecute with mountain of evidence and self-confession?

03/02/2023
AFP

Myanmar junta imposes tough new measures on resistance strongholds

03/02/2023
Malaysia High Court dismissed DPM Zahid’s application to get passport returned permanently
Malaysia

Malaysia High Court dismissed DPM Zahid’s application to get passport returned permanently

03/02/2023
Why is Gautam Adani’s Indian empire in turmoil?
AFP

Adani turmoil a key test for Modi’s India Inc

03/02/2023
Kajang cops chided for denying woman access to police HQ because she was wearing shorts
Community

Kajang cops chided for denying woman access to police HQ because she was wearing shorts

03/02/2023
Adani’s brother runs SG company and registers as director with local ID
Current Affairs

Adani’s brother runs SG company and registers as director with local ID

03/02/2023
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
Connect withD
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
0 Comments
Inline Feedbacks
View all comments

Latest posts

A man can be sentenced to death by a testimony of another, but CPIB finds it hard to prosecute with mountain of evidence and self-confession?

A man can be sentenced to death by a testimony of another, but CPIB finds it hard to prosecute with mountain of evidence and self-confession?

03/02/2023

Myanmar junta imposes tough new measures on resistance strongholds

03/02/2023
Malaysia High Court dismissed DPM Zahid’s application to get passport returned permanently

Malaysia High Court dismissed DPM Zahid’s application to get passport returned permanently

03/02/2023
Why is Gautam Adani’s Indian empire in turmoil?

Adani turmoil a key test for Modi’s India Inc

03/02/2023
Kajang cops chided for denying woman access to police HQ because she was wearing shorts

Kajang cops chided for denying woman access to police HQ because she was wearing shorts

03/02/2023
Adani’s brother runs SG company and registers as director with local ID

Adani’s brother runs SG company and registers as director with local ID

03/02/2023
Minister Tan See Leng only reveals 500 intra-corporate transferees from India for last year – a Covid year

Increasing number of working Permanent Residents in Singapore but with a stable PR population

03/02/2023

A multi-party parliament is the only way to make sure that Singapore continues to not condone or tolerate corruption

03/02/2023

Trending posts

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

by Yee Loon
30/01/2023
25

...

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

by Yee Loon
26/01/2023
24

...

They have done a fine job of confusing us about the jobs situation

They have done a fine job of confusing us about the jobs situation

by Augustine Low
01/02/2023
36

...

Two Indian nationals paid about S$330 and S$730 respectively for forged certificates submitted in their S-Pass application

MOM found issuing EPs meant for foreign PMETs to PRC waitress and general worker

by Correspondent
26/01/2023
41

...

Singapore warns slower economic growth in 2023

Less than 1 in 10 jobs created in first three quarters of 2022 went to Singaporeans?

by Leong Szehian
28/01/2023
69

...

Excessively charging for an essential need, and calling it affordable because people still can pay for it?

by Terry Xu
31/01/2023
39

...

March 2017
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Feb   Apr »

The Online Citizen is a regional online publication based in Taiwan and formerly Singapore’s longest-running independent online media platform.

Navigation

  • Editorial
  • Commentaries
  • Opinion
  • Politics
  • Community

Support

  • Contact Us
  • Letter submission
  • Membership subscription

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • Instagram
  • Fact Checking Policy
  • Privacy Policy

© 2022 - 2023 The Online Citizen Asia

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2022 - 2023 The Online Citizen Asia

wpDiscuz