...Introduction: The Republic of Singapore was known as a thriving British trading port back in 1819. She then merged with Malaysia in 1963, but was expelled from the federation in 1965. Singapore, without natural resources, was doomed to fail in eye of neighbouring nations. But has transformed from third to first world standards in a very short period of time. Singapore also became one of the world’s most affluent nations with important trading links such as one of the busiest ports in the world and best airport infrastructure in the world for years running. Singapore’s GDP per capita is comparable to first world European nation’s counterparts as well. Singapore’s economy is largely dependent on exports, some examples are IT-related, user electronics products, pharmaceuticals, and financial services industries. For instance, the republic has one of highest volume in export refineries around the globe, oil exports accounted about 68.1m tons in 2007. The O&G industry accounted for 5% of Singapore’s GDP as well. (Economic Development Board, n.d). According to Strait Times: Singapore secured position as the second freest economy in the world in 22 straight years, the acceptance to global trade & investment remains to contribute a sturdy support for economic dynamism in Singapore. One of the key events happened past decade in Singapore is the collapse of Lehman Brothers that leads to financial crisis in 2008. The Republic takes the lead among the East-Asian countries...
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...The enforcement of the laws is done through the physical deployment of the police, security and military forces, this is the harshest approach of the state control, hence it is used only when the State or the Nation is under peril. The coercive dimension is closely interlaced with the re-distributive dimension, as the man power for the police, security and military forces mainly consisted of its citizen as well as the financial resources from taxation. Other milder mode of coercive includes the usage of economic power to control over its domiciled or tamed population; the formation social behavior through social engineering using various social policies. The military defense pillar of Singapore total defense is an example of this dimension, as the military use forces (Singapore,...
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...multinationals has resulted in new security threats that are related to political and religious factors. In other words, business organizations can be subject to threats from local businesses, political parties, and terrorist organizations. Local businesses can create problems because the new entrants are seen as a threat and competition to their existing businesses activities. Political parties that are not in power may pose a threat because they oppose the ruling party and not the business enterprise. Terrorism and other forms of violence may occur against specific business organizations since they are seen as a representative of a nation that is perceived as an enemy. American companies in some of the Middle East countries can be given as an example here. This paper reviews the concept of the need for business security for survival and growth of organizations. Security concerns can occur due to any of the above (or additional) reasons mentioned above. The following issues with specific regard to...
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...CONTENTS TOPIC SINGAPORE PAGE NO 1. BASIC PRINCIPLES OF TAXATION IN SINGAPORE 3-4 2. UNDERSTANDING THE SINGAPORE TAX SYSTEM 4-6 3. TAX RATES 6 4. TAX ADMINISTRATION AND COMPLIANCE 7 NEWZEALAND 5. TAXATION IN NEWZEALAND 7-8 6. INCOME SUBJECT TO TAX 8-9 7. TAX RATES 9-11 8. TAX ADMINISTRATION AND COMPLIANCE 11 1. BASIC PRINCIPLES OF TAXATION IN SINGAPORE The scope of taxation in Singapore 1. Income tax is charged on income from an employment exercised in Singapore and on any income accrued in or derived from Singapore, regardless of the tax residency of the individual. The taxability of employment income depends on where the services are performed, not where the payment is made or where the employer is resident. 2. With effect from 1 January 2004, income derived from sources outside Singapore, even if received in Singapore (except for income received through a partnership in Singapore), is exempt from Singapore tax. The tax year 3. In Singapore, an individual's income of the preceding calendar year ('tax year') is assessed to tax in the following calendar year ('Year of Assessment'). For example, if an individual commenced his or her employment in Singapore in April 2010, the employment income derived in the period April to December 2010 will be chargeable to tax in Year of Assessment (“YA”) 2011. Methods of calculating tax 4. Resident individuals are entitled to personal...
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...family), Bahrain (the Al Khalifa family), Qatar (the Al Thani family), and UAE (a federation of seven sheikdoms). After the collapse of the Ottoman Empire, the traditional royal families in the Gulf States fell under British control, which sought to secure the route to India and pledged to protect the Gulf region from external aggression in return. Moreover, Britain’s imperial policy empowered the royal families’ authorities and gave them a recognized ruling identity. The arrival of Western oil companies, seeking concessions in the 1930s, further consolidated the authority of the ruling families (Cleveland and Bunton, 2009). This essay will focus on the impacts of oil-abundance on the Gulf states, which more precisely explain the resilience of incumbent regimes. The concept of ‘rentier state’ accounts for the continued survival of absolute monarchies such that democracy is forgone in favour of an authoritarian regime. The main argument of this essay is, however, that a combination of rentierism; and traditional Islamic culture, which are further reinforced by rentierism, elucidate the survival of absolute monarchies in the Gulf in a more accurate fashion. . The Islamic traditional cultures, such as consultation, consensual relationship, and value of stability have also led to the continuance of monarchical system alongside with rentierism. Case for rentierism will then be countered by modernization...
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...MGT 503 Final Term Project Lessons from Lee Kuan Yew and Geoff Colvin Lessons from Geoff Colvin: the Power of Deliberate Practice Geoff Colvin’s primary message is that what contributes an expert-level performance most is “deliberate practice” instead of talent or natural abilities, which is opposite to the common view. According to Colvin, apart from some certain expertise which requires physical attributes, everyone is able to achieve high-level performance through “deliberate practice”. In the opening chapter, Colvin used examples of Tiger Woods and Mozart to illustrate his viewpoint that people exaggerated the role of natural ability in their success. They both got mentoring from their fathers in their early education and practiced a lot. More essentially, their practice were well guided and had clear purpose and frequently feedback. In the following chapters, Colvin explained what “deliberate practice” is. It could be characterized as: 1. To practice with strong motivation 2. Super-focus on the practicing process 3. A good mentor is needed especially in the beginning. 4. Frequently feedback. 5. Awareness of weakness and constant rehearsal dealing with that. Colvin delivers a detailed plan on how to implement the principles of deliberate practice into our lives and become masters. He provides a road map for people aiming to achieve expert-level performance in three different fields: music, chess, and sports. The music model as an analytical approach requires proper segmentation...
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...Since the conception of the Exemplary Character Award (ECHA) by the Ministry of Education (MOE) in 2012, there has been much controversy and discussion surrounding this issue by both students and parents alike. While some Singaporeans have lauded this movement, many critics have slammed this award as being too ostentatious, and plain hypocritical. This harsh criticism is not without valid reason as giving monetary awards for good behaviour can indeed result in a wrong perception on the importance of good character, encourage pretentious behaviour from students as well as place a financial burden on the Singapore government. Advocates of this award argue that the award helps to educate school students on the importance of good values and character. This is in light of the recent complaints from parents who say that too much emphasis is placed on academic achievements in our education system and too little attention is placed on the character development of their children. Thus the advocates of this award feel that the Ministry of Education is justified in their plans to award certificates and money to well behaved children. However, is this really the right way to raise the importance of good character and values? I do not think so. In fact, there is a major flaw in the logic behind this ECHA award. By handing out certificates and monetary cheques to these well behaved children, the school is placing a value on good character, and not actually encouraging students to display good...
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...Singbridge and Singapore * how Singbridge is more than an investment subsidiary and how Singbridge bridges businesses between Singapore and China to develop the Chingapore Model and even more What is Singbridge Singbridge, a wholly owned subsidiary of Temasek Holdings, invests in, develops and manages integrated cities and sustainable solutions internationally which leverage on Singapore’s successful development experience. Formed in June 2009 (Temasek Holdings, 2010), Singbridge has key staff with extensive experience in large scale integrated projects in Singapore and overseas. What is its mission Singbridge’s strategic intent is to capitalize on the two global mega trends of massive urbanization and environmental improvement, especially in Asia, to create a new growth platform for Singapore. (Singbridge, 2013) Why this mission (知“己”Knowing Itself) With extensive study of the development trend of global cities and Singbridge’s portfolio, I believe that Singbridge is effectively practicing excellent strategic management decision. With the following Strength, Weakness, Opportunity and Threat (SWOT) analysis and dissection of the company’s mission statement, we can better understand how Singbridge can effectively capitalize on its expertise to create its Blue Ocean in urban development. Strength: 1. A team of experts in urban planning and development with recognized experience. 2. Strong country brand capital enables Singbridge to sell its expertise...
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...include the identification of changes SingTel has made and also the demonstration on how SingTel deal with these changes through change management lenses. Company Overview Singapore Telecommunications also known as SingTel Group is a well-known and leading communications group in Asia with a ‘range of communication services and solutions such as fixed, mobile, data, internet, info-communications technology, satellite and pay TV’ (Datamonitor 2010, pp. 4). As a multinational corporation, SingTel has operations and investments spread across 19 countries and territories including Asia Pacific, Europe and the United States of America (SingTel 2011). The SingTel group also has six regional mobile operators in Asia such as Bharti Telecom Group in India, Telkomsel in Indonesia, Globe in the Philippines, AIS in Thailand, Warid Telecom in Pakistan and Pacific Bangladesh Telecom in Bangladesh (Datamonitor 2010). The Past of SingTel During the 1990s, the telecommunications industry in Singapore and SingTel has undergone major changes. Two change management perspectives can be identified in the changes SingTel had undergone in the past. Institutional Perspective Before the Infocomm Development Authority of Singapore (IDA)’s attempt to liberalize the telecommunications industry in Singapore, SingTel was the dominant company in the telecommunications industry which was granted a 15 year exclusive licence from 1992 for a full range of basic telecommunication services (Campbell...
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...CASES IN MANAGEMENT 115 Singapore Airlines : Gliding with People Excellence Nilanjan Sengupta and Mousumi Sengupta Introduction The aviation industry has been constantly facing several challenges, such as, overcapacity, commoditization of offerings, cut throat rivalry exacerbated by the entry of low cost carriers, and intermittent periods of disastrous under-performance (Costa et al., 2002). Several macro-level socio-economic factors such as rising oil prices, the SARS (Severe acute respiratory syndrome) crisis, frequent concerns about the eruption of bird flu, the Asian tsunami, and rising terrorism concerns have further impacted profitability, adversely. In 2006, the global airlines industry suffered a net loss of $500m, or 0.1% of revenues, accumulating net losses of $42bn between 2001 and 2006 (International Air Transport Association, 2007). In 2007, the airline industry made a modest net profit of $5.6bn on revenues of $490bn, equivalent to less than 2% margin (International Air Transport Association, 2008). The outlook from 2008 onwards remains bleak. Not surprisingly, the industry is regularly rated as one of the worst performing industries in the Fortune Global 500 rankings. In this industry environment, Singapore Airlines (SIA) has consistently outperformed its competitors (Heracleous & Wirtz, 2009). Copyright ‚ 2014 Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDMRCMS), SDMIMD, Mysore The case writer(s) Nilanjan Sengupta, Professor –HRM...
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...UB School of management | Singapore Airlines | Audit of Corporate Social Responsibility | | Team Greatbatch | 12/6/2012 | Maria Kristic Chaitanya Pavuluri Srutakirti Das Anthony Ilaqcua Mark Rutecki Contents Introduction 2 Environment 3 Engine Efficiency and Alternative Fuels 3 Operations and Infrastructure 5 Evaluating Environmental Initiatives 6 Harapan Rainforest Initiative 7 Social Activities: Philanthropic 8 Social Activities: Strategic……………………………………………………………………………………………………………………9 Evaluation…………………………………………………………………………………………………………………………………………..9 Economic Sustainability 10 Conclusion 11 Works Cited 12 Appendix 12 Introduction Over its 100 year history, the airline industry has been one of the most dynamic and fastest growing industries in the world. More people than ever are flying as air travel has become more accessible and is one of the safest ways to travel. Since 2002 there has been a 61% increase in safety with just 1 accident for every 2.7 million flights. In 2011 alone, 2.8 billion people flew 3.1 trillion miles on routes out of 3,800 commercial airports. 48 million tons of cargo, worth 5.3 trillion was shipped by air, accounting for approximately one-third of world trade. The industry supports 57 million jobs and 2.2 trillion in economic activity (SIA Safety, Security & Environment Dept., 2012). However, the industry is also one of the most regulated, with many governments being owner/operators...
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...MALAYSIA – SINGAPORE RELATIONS: THE SECURITY DILEMMAS INTRODUCTION ‘It's impossible to be friendly with Singapore because of the neighbouring city states’ unfriendliness towards Malaysia. Singapore gets into that kind of mood that they reject anything that comes from Malaysia. We try to be as friendly as possible but it's impossible’.[1] Tun Dr. Mahathir Mohamad Former Malaysia Prime Minister “…we fear that at some time or other there could be a random act of madness like cutting off our water supplies, which they had publicly threatened whenever there were differences between us… we have to be prepared for all contingencies”.[2] Lee Kuan Yew Former Singapore Prime Minister Singapore became a part of Malaysia in 1963. On the part of Singapore, such was a welcomed move as Singapore lacks the depth, mass and resources deemed necessary for development and survival. On the part of Malaysia, however, it started-off as a half-hearted decision, with Tunku Abdul Rahman fearing that the Chinese population in Singapore would, after the merger, upset the Malay majority in Malaya. In May 1960, he told Malayan students in London that “(The) Chinese-educated and new immigrants will always be loyal to China and they are less Malay-minded,” and that the inclusion of the 1.3 million Chinese would confuse Malayans and ruin the calm atmosphere of the Federation[3]...
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...This essay will reflect on the political views of both China and India, and attempt to determine why it is more advantageous to do business in India. Government regulation is the process of dissemination, monitoring and enforcement of policy established by appropriate legislation. In, China regulation is central as particular industries are not accessible to foreign investors as the Communist Party aims to restrict external influences on its own population (Desai, 2003). An estimated 90 percent of companies listed on the Chinese exchanges are either partly or fully state-owned (Desai). Retaining a level competition base is significantly reduced, as the chances of competing against a government owned company is more than likely. A good example of policy that has restricted and reduced foreign investment is China’s severe censorship regulations. The Communist Party of China’s censorship policies have direct implications on the external media industry; ultimately restricting their communication with the public and therefore any communication with a potential customer base. In contrast, India’s government experiences weakness in...
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...Faculty of Business & Information Technology Bachelor of Applied Business Studies Graduate Diploma of Applied Business Studies BUS 7333 Strategic Management, Semester 2, 2011 | Assessment Cover Sheet This sheet must be signed by the student and attached to the assessment being submitted. 21101006 | STUDENT ID : TUTOR NAME : Julie McGowan ASSESSMENT : Assignment One – Case Study Analysis Report – Towards 2040: A Smart Green Wellington. DUE DATE : 1pm Monday, August 22nd, 2011 (via Moodle). DATE SUBMITTED : August , 2011. I declare that * I have read the Whitireia Community Polytechnic Regulations on Assessment Misconduct and understand what plagiarism is. * I am aware of the penalties for plagiarism as laid down by Whitireia Community Polytechnic. * This is an original assessment and is entirely my own work. * Where I have made use of the ideas of other writers, I have acknowledged the source. * This assessment has been prepared exclusively for this course and has not been or will not be submitted as assessed work in any other course. STUDENT SIGNATURE: Mohan, Apratim. DATE OF SIGNATURE: August , 2011. Analysis Report Case Study: Towards 2040 - A Smart Green Wellington 1. Executive Summary: This report is an attempt to analyse and evaluate, both critically and otherwise, the strategic approach of Wellington City Council towards its endeavour to take the city to a highly elevated level in terms...
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...Perspectives Disaster Management in South-east Asia Udai Bhanu Singh * According to the International Encyclopaedia of Social Sciences: South-east Asia is the epicentre of frequent disasters of varying intensity. The damage to life and property caused by these disasters is comparable to that caused by war. Disasters disrupt the national economy and social development. Besides, the world has shrunk and news about the hardship suffered by the people is rapidly disseminated. As such, the management of disasters has become a key concern of governments confronted with an increasingly aware civil society and a shorter reaction time. Often when disaster strikes, it impacts more than one country and sometimes the region as a whole. The intensity and the frequency of such disasters have prompted the ASEAN to evolve its own response mechanism. However, often the scale of the disaster is so huge that only an international response can meet the challenge. In such cases, the international community, acting through the United Nations and its various agencies and other inter-governmental and non-governmental bodies, has provided succour. Although disasters can be natural, technological and conflictrelated, this paper addresses only natural disasters in the region. A natural hazard is an extreme natural phenomenon that threatens human lives, activities or property, or the environment of life. Natural disasters are the destructive consequences of extreme natural hazards, and globally...
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