Singapore is one of those unique countries which continue to attract several thousand entrepreneurs to setup their latest venture in the country. However, it is not simply a coincidence that so many entrepreneurs are looking for Singapore company incorporation each year.

It is a direct result of the business friendly policies of the country which makes it so attractive for all entrepreneurs and existing business organizations. Also its position in the heart of the Asia-pacific region makes it even more attractive to any company looking to grow further in the Asian region.

Since the 1960s, Singapore has been following policies which would encourage companies to setup in the country, thereby increasing foreign direct investment, employment opportunities for locals and become a strong force in the business world. Today Singapore is considered as the leader in business laws and the primary choice for all entrepreneurs looking for the best location for their new company.

To attract foreign companies, Singapore offers 100% foreign ownerships, several taxation and other benefits, bilateral treaties to avoid double taxation etc. They have also made it as easy as possible to enhance the business operating experience of all companies based in the country. With flawless infrastructure in place, it is a boon for companies who need a sound environment to operate and grow.

With renewed focus on business and infrastructure development, Singapore will continue to attract thousands of businesses and will be able to easily retain its position as the most business friendly country in the world.

What will happen when the next shock hits? We believe we may be nearing the stage where the answer will be – just as it was in the Great Depression – a calamitous global collapse. The root problem is that we have let a ‘doomsday cycle’ infiltrate our economic system. This is a quote from very interesting article, titled ‘The doomsday cycle’ by Peter Boone and Simon Johnson.
“So where are we going with our current reforms? It is now obvious that risk taking at banks will soon be larger than ever. Central banks and governments around the world have proved (once again) that they are willing to bailout banks at enormous public cost when things go wrong. Markets are now again providing very cheap loans to banks, with the comfort that the state will bail them out.

Today, Bank of America and the Royal Bank of Scotland are each priced to have just 0.5% annual risk of default above their sovereigns during the next five years in credit markets. This is a remarkably low implied risk considering that both banks were near to collapse just a few months ago. Creditors are clearly very confident that they will be bailed out again if necessary. Indeed, they are more comfortable lending to large risky banks than to many successful corporations.

There is no doubt that the regulatory environment is going to be tougher for the next few years. But nothing has changed to make us believe the regulatory system will succeed this time, when it has failed so enormously – and repeatedly – in the recent past. To bring about the dramatic change that is needed also requires international cooperation and consistency. We doubt such change is truly on the table as so few policy-makers seem to demand it.

Many of our current policymakers – Ben Bernanke, Mervyn King, Alistair Darling and Gordon Brown – are the same ones that inflated the last bubble. So we know with great confidence that they are the types that will bail us out each time things go wrong. They are all currently on course for seeding our next rise and collapse. Cheap rates and credit, with large moral hazard, are the initial stages of each cycle. Very few of these people, apart from Mervyn King, appear prepared to recognise their past role in creating our current problems and then to discuss resolutely how to change it.

The danger this system poses is clear, as Figure 1 shows. With our financial system now well oiled to take on very large risk once again, and to gamble excessively, can we be sure that we can continue this cycle of bailing out eventual failures? At what point will the costs be so large that both fiscal and monetary policies are simply incapable of stopping the collapse?

Last year, we came remarkably close to collapse. Next time, it may be worse. The threat of the doomsday cycle remains strong and growing.”

Youcan read complete text here – http://voxeu.org/index.php?q=node/4659

Financial and economic condition of Greece is the theme for the alarming news and frightening prophecies for many months already. The European Union is concerned about the country’s huge public debt of around 300 billion euros, which corresponds to 113% of GDP. Greek budget deficit in 2009 reached to 12,7% and despite the government tries to reduce it to 8,7% it is sataying to grow. EU calls Greece for cuts in public spending. Analysts scare businesses collapse of the Greek public finances, which is able to lift the global economy from the optimistic equilibrium.

Critics prescribed recipes one after another. Greek law experts converged on analytic television, happily talk about the usefulness of some of the costs of the country. However, is it easy to heal the public finances of Greece and stop the ship to rock the EU?

It is the first time in the history of modern Greece that world media, particularly the financial press, have shown such concern and interest in the country. Even the Olympics didn’t attract this much attention.