Singapore, an island city-state off southern Malaysia, is a global financial center with a tropical climate and multicultural population. Singapore is a global hub for education, entertainment, finance, healthcare, human capital, innovation, logistics, manufacturing, technology, tourism, trade, and transport. The city ranks highly in numerous international rankings, and has been recognized as the most "technology-ready" nation, top International-meetings city , city with "best investment potential", world’s most competitive economy, third-largest foreign exchange market, third-largest financial Centre, third-largest oil refining and trading Centre, fifth-most innovative country, and the second-busiest container port. According to the Wealth Tracking Report, Singapore is becoming the primary choice of business for globe-trotting millionaires. The incorporation start-up ecosystem of Singapore is very friendly, which has earned Singapore a strong business ranking in Asia.