Also in the news...
How to successfully expand your business and set up in the UK
Tell us about your business and we'll give you the official information and data you need, in one place
Foreign Office travel advice updates
Latest travel information for British nationals affected by the situation in the Middle East.
Check if you need a UK visa
You may need a visa to come to the UK to visit, study or work.
Apply to use simplified declarations for imports you entered in your records without authorisation
Choose how you’ll make supplementary declarations for goods that you entered into your own records without authorisation.
UKEF backs Leicester sustainable packaging firm in Australian expansion
UK Export Finance announces support for a UK luxury sustainable packaging company to expand into new foreign markets.
Singapore Succeeds Japan as Asia’s Biggest Foreign-Exchange Centre
Singapore’s Central bank has released figures and statistics which show that Singapore has overtaken Japan’s foreign exchange volume. The volume establishes Singapore as Asia’s biggest foreign exchange center.
Khoon Goh, a senior currency strategist at Australia & New Zealand Banking Group Ltd (ANZ) has endorsed Singapore’s achievements and commented on its success due to the increasing importance of Asian currencies, and Singapore’s time zone which suites the emergence.
In accordance to statistics, Singapore’s daily foreign exchange volume increased for 44% to $383 billion in comparison to $266 billion in 2010.
Singapore as a foreign exchange trading market now ranks third globally after the U.K. and U.S. foreign currency markets.
Singapore’s credibility can also be viewed from the selloff of Asian currencies, whereas it withstood the selloff with a drop of only 2.8% from the last three months.