Invest in Singapore The roaring, dynamic, global “Lion City” in Asia An LS127 Presentation By Milk&Leaf Utd.
The Republic of Singapore is the most competitive Asian country and the fastest-growing economy in the world. Pacific Economic Cooperation Council: Index of Economic Integration 2009, ranked 1 out of 17 Asia-Pacific Economic Cooperation (APEC) economies Unemployment rate ranked 6 with 1.6% unemployment United Nations: Human Development Index 2009, ranked 23 out of 182 countries The Wall Street Journal: Index of Economic Freedom 2008, ranked 2 out of 155 countries View slide
World Economic Forum: Enabling Trade Index 2009: ranked 1 out of 121 economies World Economic Forum: Global Competitiveness Index 2009–2010, ranked 3 out of 133 countries World Economic Forum: Travel and Tourism Competitiveness Index 2009, ranked 10 out of 133 countries World Tourism Organization: World Tourism rankings, ranked 29 out of all countries View slide
Outstanding Economic Performance Singapore is ranked No.2 worldwide as the city with the best investment potential for 16 consecutive years The world leader in foreign trade and investment Ranked first for having the most open economy for international trade and investment
Ranked 5th in the world and 1st in Asia for having the least corruption in its economy
The most transparent country in the world and Asia
First in the world for having the best protection of intellectual property
The least bureaucratic place for doing business in Asia
Legislation and Business in Singapore
The world’s easiest place to do business
Economic transformation in 43 years Export led industrialization, capital driven and high value added industries 1965-1980 — monetary stability and doubling of manufacturing base due to MNCs and foreign investments Late 1970s: economic restructuring Infrastructures Improvement in secondary and tertiary education Labor intensive — capital driven high value added industries Singapore Economic Structure
Singapore GDP Growth Rate
Singapore Inflation Rate
Singapore Interest Rates
Monetary Authority of Singapore handles the big decisions in the field of interest rates and other monetary policies. The Declared benchmark interest rate in Singapore is 0.02. Singapore has the record low of -0.75 in October 1993 while a record high of 20.00 in January 1990. The official interest rate is: Singapore Interbank Offered Rate (Sibor). As seen from this graph, there is a huge spike in the years of 2005 to 2007. And in the year 2010 and beyond, the interest rates are again at a stable condition. Interest rates, is a necessary tool for the government, bank and other institutions for monetary policies. It also comes into play as it is considered a huge factor in investment, inflation and unemployment. The low interest rates offered by Singapore attracts foreign investors as it instantly captures their interest to put their money in this country. Singapore Interest Rates
Provides foreign investors with many tax and non-tax incentives - no capital gain tax, turnover tax, value added tax, development tax or surtax on imports into Singapore. Foreign investors can either import capital or raise funds locally. Government allows the movement of both capital and profit freely within and outside the country. Employment Act to lay down standards of employment to help resolve industrial disputes thus improving the investment environment. Trade and Commerce
Top 4 Major Trade Partners of Singapore and their Shares TOTAL (2009) = $513.9 billion
Enabling Trade Index measure the factors, policies and services that facilitate the trade in goods across borders and to the destination Ranking: Singapore – 6.06 Hong Kong – 5.70 Denmark – 5.41 Sweden – 5.41 19. USA – 5.03
Raw goods are imported and transformed/refined for (re)exporting port facilities, various harbors, and the strategic and convenient geographic location of Singapore Investor’s Tax Holiday Special access for new investors to ports “Extended” entrepottrade
Politics and Governance
Political Background Parliamentary republic Prime Minister: Lee HsienLoong Dominant party: People’s Action Party (PAP)
Authoritarian Capitalism The rule-by-fear government of the People's Action Party (PAP) regime judiciously combines a western democratic vocabulary with a particular set of traditional values that it claims are unique to Asia. Singapore's regime practices a form of "soft authoritarianism" without political murders or disappearances. Political Climate
Global Investor Programme (GIP) Multiple Journey Visa (MJV) Long-TermVisitPass for Entrepreneurs (LTVP) EntrePass Single TaxDeduction for PatentingCosts Laws
Diversity is a strong potential in any country or region as it offers various sets of skills, potentials and of course, more options and choices in the realm of purchasing from the aspect of food, clothes, music, art and others.
This helps in creating a healthy competitive environment amongst people from different backgrounds while still being able to work efficiently well together.
It enforces strict rules on respect for other race, religion and beliefs which results to a very productive and disciplined group of people. Furthermore, the educational system also follows this code of discipline, making the students realize their strength in diversity at a very young age and empowers them to work together regardless of their differences. Singapore still has a number of distinct ethnic neighborhoods which can be traced back to where the people of the nation came from. Places such as Little India, Kampong Glam and Chinatown are good examples of the surviving roots of the ethnicity of the people of Singapore. The different ethnic backgrounds that can be found in Singapore and the way they have flourished in the country further stresses that this country is really profitable no matter what one’s ethnic origin may be. Ethnicity
A melting pot of culture Singapore Blend of different races and cultures CHINESE MALAYS INDIANS EUROPEANS
Culture and Attitudes SINGAPOREANS are Disciplined Busy and fast life Efficient Dedicated Achievers
Singaporeans are known for their mixed religion.
Majority of the citizens are practicing Buddhism.
There are three major sectors of Buddhism which are Theraveda, Mahayana and Vajrayana.
It shared the concept of Nirvana, Emptiness, The Four Noble Truths, The Eight Fold Path, Karma and Rebirth among the many practices.
The widespread religion of Buddhism simply engages the members of the society in a communal practice which also enhances the sense of community. If placed in an economical framework, Singaporeans become soldiers who are reliable, dependable, disciplined, traditional and God fearing. Putting a strong emphasis on the words, traditional and conservative, Singaporeans align their principles on their specific religion. In business, they are known to practice equality and fairness. Rarely do they cheat as, in connection to their religion, Karma and the other concepts of beliefs are intertwined in their businesses. They are trustworthy, dependable and efficient. Religion
Singapore is open for business, and is open to business people It is an internationally recognized fund management center which provides ready funding support for the growth of international companies seeking to raise capital in Singapore The way forward
From an Investor
Singapore has range of incentives to help businesses establish and expand their operations here.
Choose Singapore Singapore is ranked No.2 worldwide as the city with the best investment potential for 16 consecutive years. Singapore ranked first for having the most open economy for international trade and investment.
Three-Pronged Industrial Investment
Export Economy Pharmaceuticals Patents are set to expire real soon Race for generation of new products geared towards the cure of chronic illnesses like cancer, AIDS, malariaand avian flu among others Philanthropic investments for pharmaceutical endeavors are on the rise
Telecommunications 4G Technology and GPS Faster mobile connectivity Increased transportation communications capability and efficiency Streamlined urban navigation capacity, especially for non-Singaporeans venturing on the city’s potentials and opportunities
Transportation Completion of the full circle Metro Rail Transit Effectively connecting the west and the east with the north and the south All-in-one efficiency of public transportation Top-up scheme for bus and rail system Technological spillovers 4G and GPS
The merlion will continue to roar Welcome to Singapore