Enterprise companies flock to Singapore for the country’s low corporate tax rate, streamlined incorporation procedures and strong intellectual property protection. Singapore’s long-running prioritization of economic growth has extended favorable conditions to international capital and business. These organizations are among the largest companies to take root in Singapore.
The Biggest Companies in Singapore
- OCBC Bank
- DBS Bank
- Trafigura
- Wilmar International
- Singtel
Largest Companies in Singapore to Know
OCBC Bank is a prominent banking group in Singapore that provides banking services, asset management, insurance and brokerage services, as well as specialty financial and wealth management services for commercial clients and ultra-high-net-worth individuals. The second-largest financial services firm in Asia, the company has more than 500 branches across north and southeast Asia.
DBS Bank is the Development Bank of Singapore. Held by parent corporation DBS Group, DBS Bank offers retail banking, investment banking, mortgages and other loans, credit cards, insurance and wealth management. It serves markets across Asia, Australia and the United Kingdom, with headquarters in Singapore.
Trafigura is a commodities broker that works as a supply chain partner. It sources, stores, processes and delivers products like fuel, gas, metals and minerals across its network of buyers and sellers. The company is the largest private metals trader in the world as well as a significant player in oil trading.
Wilmar International, the largest agribusiness firm in Asia, specializes in food processing. The company offers production services like flour and rice milling, sugar milling and refining, palm oil cultivation and edible oil refining, taking raw agricultural materials and turning them into products and ingredients for food manufacturing.
Singtel, headquartered in Singapore, is the largest telecommunications company in Asia. It provides a suite of services like voice and data calling, television and wireless internet connectivity. Singtel’s four areas of services are geared toward individuals, businesses, digital marketing and corporate services.
InterSystems makes software products that help businesses ensure their data is clean and accessible. The company says its technology is used to manage more than 1 billion health records, for example, and supports thousands of daily shipping transactions. Singapore is one of more than two dozen countries where InterSystems has established operations.
