Complex sentence: Being close to ports of Singapore increases the speed for goods shipping and product distribution which benefits the island's economy, with lower labour costs and special government incentives, it is the site of many factories operated by foreign companies.
Split into simpler sentences: Being close to the ports of Singapore increases the speed for goods shipping and product distribution which benefits the island's economy. With lower labour costs and special government incentives, it is the site of many factories operated by foreign companies.