10 leading companies from Singapore
Singapore is a small nation with a population of barely 5.6 million but many of its companies have a global footprint and are dominant in their respective fields.
The Lion City’s success is built upon the bedrock of supportive government policies, a highly educated and skilled workforce, as well as world-class infrastructure.
This has enabled Singapore to become home to firms that are world leaders in sectors as diverse as banking, telecommunications, and even food processing.
Here, then, is a brief description of the country’s 10 leading companies based on total revenue, net profit, total assets and market capitalization.
SingTel is an international telecommunications company with over 600 million mobile customers around the world. The SingTel Group has offices spread across Asia Pacific, Europe, and the US and employs 23,000 staff.
To fuel its expansion, SingTel has invested in several telecom companies including Bharti Airtel, which has operations in India, South Asia, and Africa. Investments have also been made in Telkomsel in Indonesia, Globe Telecom in the Philippines, and in Advanced Info Service in Thailand.
Not content with its existing service offerings, the company has even delved into the video streaming service industry in the form of Hooq, which is a joint venture with media heavyweights Sony Pictures Television and Warner Bros.
Market Capitalization: S$62 billion
Total Revenue: S$17 billion
Net Profit: S$3.8 billion
Total Assets: S$43.6 billion
2. DBS Group Holdings
DBS Bank, the largest in Singapore, is a subsidiary of DBS Group Holdings. With 280 branches across 18 markets, DBS has operations in Singapore, the Greater China region, Southeast Asia, and South Asia.
Recently, financial services magazine, Euromoney, announced that DBS was the world’s ‘best digital bank’, claiming the award ahead of other financial heavyweights such as Citi, BBVA and ING.
DBS has already invested nearly S$5 billion in digital strategies to back up its newfound approach to innovation. It even recently launched an entirely mobile-centric banking service in India called ‘Digibank’, which has no brick-and-mortar branches whatsoever.
Market Capitalization: S$46.2 billion
Total Revenue: S$10.2 billion
Net Profit: S$4.5 billion
Total Assets: S$457.8 billion