Singapore has been a hotbed for building businesses for quite a while now, with some of the most advanced infrastructure, friendly government policies, laws, and regulations, and a financial community serious about investing in local operations.
Recently, however, Singapore has really exploded as far as business is concerned. More and more businesses are being built in Singapore on a daily basis than ever before, the startup community and culture here is probably the best anywhere outside of Silicon Valley in the United States, and investment – not only from Singapore-based financiers but financiers around the world as well – has never been at a higher level than it is right now.
Capitalizing on this rising tide are a number of different Singapore companies, but none of them are capitalizing quite as successfully as the DBS Group is.
Recently landing the top spot as far as the biggest company in Southeast Asia by market capitalization is concerned, the DBS Group has pushed past the Singapore Telecommunications LTD is one of the largest, most successful, and most influential companies in all of Singapore and the rest of Southeast Asia today.
Impressively, DBS Group has been able to add a considerable amount of value to their company even after holding a $63.94 billion market capitalization just a short while ago. An increase of 1.5% as far as market capitalization was concerned was triggered just a few short days ago, and before the end of last week Singapore’s largest telecommunications company had declined by 0.3% – giving DBS Group just enough room to rocket past.
It should come as no surprise to anyone tracking the growth of the technology sector that this is where the world’s most valuable companies are going to be located today and for the foreseeable future.
Seven of the world’s most valuable companies by market value our technology companies, with Apple being the most valuable company on the planet – and Microsoft, Google, and a handful of others aren’t that far behind.
Technology firms and companies are pushing our modern world further and further into the future on an almost daily basis. New groundbreaking solutions are being pioneered and innovated nearly every day of the week, and every hour we learn about new major advances that are going to totally transform the way we lead our lives (most of these advances spearheaded by technology companies like the DBS Group).
DBS Group has continued to invest in their own success, looking for ways to lower costs, improve returns, and provide new solutions to a world that is constantly leveraging new technology. This Singapore-based operation has also committed to helping companies in the startup phase grow and accelerate as well, giving back to the business community that helped them to establish themselves as one of the giants of the technology community today.
Things are certainly looking up for the DBS Group for 2018 and beyond, and if they continue to grow at this trajectory (or if they accelerate their growth even more so) they could quickly become one of the most valuable companies on the planet and not just one of the most valuable companies in all of Southeast Asia.
About the Author
Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like FinTech Startups in Singapore, Balancing Work & Life as Business Owner and all topics related to Business and Tech, if you are interested about Company Incorporation Singapore visit our website for more information.
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