Singapore's role in recovering stolen assets is crucial
Impressive global rankings and statistics are a testament to Singapore's accomplishments as the world's fifth least corrupt country
Impressive global rankings and statistics are a testament to Singapore's accomplishments as the world's fifth least corrupt country and the only Asian nation in the top 10. The country is also a leader in the World Justice Project Rule of Law Index, ranking 16th out of 142 countries globally and fourth regionally in 2024, indicating its strong legal and regulatory framework.
Bangladesh and Singapore share a friendly and dynamic relationship, with Bangladeshi workers being a significant part of Singapore's 1.5 million migrant workers and a substantial addition to the country's economy. Over 160,000 Bangladeshi nationals are contributing to essential sectors such as construction and marine industries in Singapore. In 2022 alone, 64,383 Bangladeshi workers were hired in Singapore, setting a record, and their remittances contribute substantially to Bangladesh's economy.
Construction contracts worth $32 billion to $38 billion are anticipated to be awarded in Singapore in 2024, with a substantial portion benefiting from Bangladeshi labour. Meanwhile, Bangladesh trains around 5,000 workers annually at specialised centres certified by the Singapore authorities to meet the country's workforce demands. These collaborations underscore interdependence of their economies and a relationship based on mutual
