Good news for the entrepreneurs planning to migrate and start a business in Singapore. The financial market in Singapore is showing positive signs with an increase in the profit gains this quarter. One such instance is that of the DBS Group Holdings Ltd. in Singapore, which is the biggest bank in South East Asia. The bank earned sixty seven percent more in the net profit when compared to the previous year. This jump has been due to the boost in the loans and fee incomes which allowed for an increase in the bad debt charges.

As per the statement issued by DBS, in the last three months of the previous year through December, there was an increase for even the one – time items. These items saw a rise from S$ 295 million to S$ 493 million. There was a rise in the bad debt charged which increased by another forty three percent which is S$ 384 million. The entire 2009 saw the credit allowances and other losses increasing to almost double which made it to S$ 1.53 billion compared to the previous year.

According to DBS, this hike in the non performing loans has been due to the increased customers from the non – Asian community. However, the details regarding the same were not given out.

In 2009, the total earnings of the group remained similar to the previous year which is S$ 2.06 billion.

With the Singapore economy showing positive signs, it is nothing less than a good time in case one intends to invest in the economy of Singapore. One can easily get a loan if needed with one of the biggest banks in Asia operating in Singapore. So, all that needs to be done is to plan and decide accordingly.

Also, contacting the relevant immigration consultant is also of importance since immigration is one of the key procedures to be followed for those intending to migrate.