29.08.2008 - Singapore: An island of commodities
From Commodityonline.com: Singapore is one of the three remaining true city-states in the world. And it is the smallest nation in Southeast Asia. But there is nothing small about the country's achievements. For the record, Singapore is the sixth wealthiest country in the world in terms of GDP per capita. And soon, the world's most efficient city state may become the global hub for commodities trading. If you notice the speed with which Singapore moves as a bustling financial hub, it looks commodities is a sector that the city is focusing heavily. Strange it would sound. For, Singapore does not produce any commodity. It even imports drinking water from Malaysia. But over the years, a large number of commodity traders have chosen the city as their epicentre of operations that it would not be a wonder if Singapore emerges as the most efficient commodities trading centre in the world...... Full Article: Source
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