...Conduct a SWOT analysis for the Port of Singapore. Describe the Strengths, Weaknesses, Opportunities and Threats. Strengths There are a number of factors that have given the Port of Singapore its advantage in the business environment. These factors have resulted in businesses in Singapore’s maritime industry to be supported by a secure and pro-business government, that has created a conducive tax environment for businesses to prosper. This is due to the variety of tax incentives that are available for the maritime industry. Examples of these tax incentives includes the Approved International Shipping Enterprise (AIS) Scheme, Approved Shipping Logistic Enterprise (ASL) Scheme and tax benefits for ship registration. The AIS Scheme offers income tax exemption on qualifying income from the operation of foreign-flagged ships for international shipowners and operators who authorizes important operations in Singapore. The ASL Scheme offers concessionary income tax on qualifying incremental income for established ship management companies, ship agencies, international freight forwarders and international logistics operators. Tax benefits for ship registration includes the exemption from Singapore income tax for qualifying income derived from operation of a Singapore ship. On top of that, automatic exemption from withholding tax on interest payments relating to offshore loans taken to finance ships, are given to ships registered under the Maritime Port Authority of Singapore’s (MPA)...
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... dimensions, such tangibles, reliability, responsiveness, assurance and empathy as using a seven point like scale measuring both customer expectations and perceptions. Research for this report included a review of current literature on applying MPA website, TQM and Six Sigma journals, and others journal. The research findings in TQM show that reducing customer’s waiting time would increase the service quality. The reliability in TQM would be focusing on the port defects which would affect customers trust to the port. Six Sigma show that the reducing of processes in the port to increases the quality of service through operation. The research findings indicate the environmental, economic and social sustain issues. And the approaches of sustainable will actually help to sustain it. This report recommends that TQM and Six Sigma are beneficial to keep MPA improving the customer satisfaction and also leads to quality improvements to keep the machine functioning in a good way to operate port business. Table of Contents Page Executive Summary 1. Introduction 4 2. Application of TQM and Six Sigma to MPA Service Qualities...
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...Proposed Sonadia Deep Sea Port – A Future Communication Hub of South-East Asia Introduction 1. Sea ports all over the world act as economic and communicational hubs. The leading sector of a country like Singapore is its deep sea port. Theoretically, deep sea ports can be defined as economic infrastructures at sea having enough space to accommodate and harbor large container vessels with adequate draft. 2. Bangladesh stands on the vertex of the Bay of Bengal, blocking sea access to the entire region lying north, north-east and north-west. This geostrategic advantage could offer Bangladesh real opportunities to play a major role in regional seaborne trade. 3. Sonadia, a small island near Maheshkhali, possesses enormous geographical potentials for developing a deep sea port. Proper utilization of this potential might turn Bangladesh into a communication hub of south-east Asia. With this backdrop, this paper would focus on the requirements of a deep sea port at Sonadia, its prospects as a regional communication hub and challenges on its way. Aim 4. To discuss the prospects of ‘Sonadia Deep Sea Port’ as the future communication hub of south-east Asia. Requirement of Sonadia Deep Sea Port 5. Chittagong and Mongla ports are unable to handle larger container vessels having more than 9.2 meters draft and 1500 TEU capacity. On the other hand, the annual growth trend indicates that in 2020, the total seaborne trade in Bangladesh may rise up to 70 to 80 million tons, which...
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...Management - Internal Analysis Dr. Mohammad Hamsal 1 International Ports Strategic Management - Internal Analysis 2 Port of Singapore (PSA) Strategic Management - Internal Analysis 3 PSA Terminals Strategic Management - Internal Analysis 4 Port Operations Strategic Management - Internal Analysis 5 PSA Vision: The World’s Port of Call Strategic Management - Internal Analysis 6 PSA Vision: The World’s Port of Call Strategic Management - Internal Analysis 7 Brief Recent History of PSA Strategic Management - Internal Analysis 8 17 Ports in 11 Countries in 7 Years Strategic Management - Internal Analysis 9 PSA Vision: The World’s Port of Call Strategic Management - Internal Analysis 10 Operating & Innovating Capabilities Strategic Management - Internal Analysis 11 Managing & Learning Capabilities Strategic Management - Internal Analysis 12 Leading & Engaging Capabilities Strategic Management - Internal Analysis 13 PSA Strategy Word-Class Transhipment Hub Strategic Management - Internal Analysis 14 Minimal Disruption Fast Turnaround Efficient Flexibility 90 Sailing Days, Deal with 200 Shipping Lines, 600 Ports, 123 Countries Good Scheduling, One-Stop Services, Zero Error Integrated Resources Natural Harbor, Convenient Location, Capital Investment, Transportation Infrastructure, IT & Port Operations, Skilled Labors Source: Gordon, Lee & Lucas Jr. (2005) PSA...
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... LYNDA M. AP PLE GATE NEO BOON S IONG NANCY B ARTL ET T DOLLY CH ANG -LEOW PSA: The World’s Port of Call Shakkei is a Japanese landscaping strategy. It means “borrowed scenery.” If you can integrate the distant scenery into the landscape of your garden, a beautiful garden can be created . . . A good landscaper is able to bring about this kind of integration. This same philosophy is true within Singapore today. If we want to realize the full potential of Singapore as a global business hub, we must leverage global resources to overcome our constraints and limitations . . . A small country is no longer small. This is our strategy to transform Singapore for the 21st century and beyond.1 Corporatised on October 1, 1997, after 33 years as the Port of Singapore Authority (PSA), the mission of PSA was to be the “World’s Port of Call.” A favorite lunch stop for many PSA visitors was the Prima Revolving Restaurant, located just outside the Brani Gate entrance to the port. From this lofty perch, Singapore harbor, port facilities, and operations could be viewed. On a sunny day in late 2000, PSA group president and former chief executive officer for Singapore’s urban redevelopment agency, Khoo Teng Chye, was entertaining a group of visitors. The panoramic view of the sea was dotted with container ships of all sizes, flying flags of many nations. As the restaurant rotated, the massive port infrastructure came into view with its many berths and giant cranes loading and unloading container...
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...International Logistics Specialized Aspects of Singapore Central Washington University Tien Nguyen Tuyen Do Dat Phan Global Supply Chain Management Professor Ozden Bayazit May 22, 2013 1. What are the rough dimensions of the country in miles? * 271.8 sq miles (703.96 sq km) 2. What is the population? What percentage lives in the 3 largest cities? * 5,076,700 people (City Population, 2010) * The percentage lives in the 3 largest regions: +North East: 747,216 (14.72%) +West: 893,739 (17.60%) +Central: 929,082 (18.30%) 3. What is the predominant language? How widely used is English in business? * Official language: Malay (14.1%), English (23%), Standard Mandarin (35%), Tamil (3.2%) (Singapore: history, geography, government, culture and trade, 2012). * English is used widely in most business, especially international trade * There are 2 types of English: +Standard Singapore English (SSE): business, school& formal speaking. +Singapore Colloquial English (Singling): informal speaking. 4. What are the principle cities and political divisions which would have an impact on transportation? * Singapore is itself a city-state. * Principle towns: * Toa Payoh * Ang Mo Kio * Choa Chu Kang * Bedok * Tampines (City Population, 2010) 5. What are the principle products for the country (top 3-5 in each of the following categories) - Overall (produced in the country): * Electronic integrated...
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...Part I The founding of Singapore is a journey which is comprised of many ups and downs. Many characters and groups played a part into the creation of this country. There were also events that took place which led to the alteration of other’s decisions. One of the major factors that contributed to the founding of Singapore would undoubtedly be the contributions and efforts put in by Sir Stamford Raffles. “In 1795, at the age of 14, Raffles found employment at the British East India Company (EIC) in Leadenhall Street as a temporary clerk.” As an employee of the EIC, Raffles’ performance was exceptionally good. With his efforts and hard work recognised by his superiors, he was eventually appointed as Assistant Secretary to the newly-established Pinang Presidency in 1805. Being an intelligent and ambitious person with great diplomatic skills, Raffles had a personal desire to expand the British trade empire through the development of the EIC. Therefore, competing with the Dutch to gain the upper hand of the trade in the Eastern Seas was a crucial stepping stone towards his goals. He recognised that gaining control over the Straits of Melaka would be essential to boost their trading activities and the overall reputation of the British Empire as a world-leading trading nation. Hence, he frequently initiated “attempts to counter Dutch influence in Sumatra and expand British presence elsewhere in the Eastern Seas”. However, the well-intentioned Raffles faced opposition from carrying...
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...also bring numerous advantages to an organization and the surrounding environment if implemented properly, but it also risks being regarded as another management or profit oriented move. This paper aims to evaluate these business processes, and provide guidelines for the application of total quality management and Lean in the port activities in Singapore, through its maritime port authority. As this is the scope of the paper, an analysis is also carried out to identify the areas that the maritime port authority of Singapore has applied these measures, the impact of these methods as well as recommendation of aspects that can be leaned in order to improve both port activities and sustainability. Secondary data sources is the main methodological method used in this paper, and various pieces of information have been retrieved from these sources to indicate and support claims made in this paper In addition, this paper is targeted towards administrators and scholars responsible for a wide range of public-sector services, including those provided to citizens and those provided to internal customers both in the logistics and supply chain industry such as ports authorities, and as a business process improvement measure. Introduction: The economic development in Asia, and in particularly in the south eastern Asian region, has gained increasing attention globally. This has in term had a huge impact on the growth of its logistics market. Although the logistics infrastructure...
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...Analysis Page 8 4.3 Per Capita Spending Page 9 4.4 Technological and Physical Infrastructure Page 9 4.4.1 Transport Infrastructure Page 10 4.4.2 Physical Infrastructure Page 10 5.0 Social Characteristics and Market Potential Page 11 6.0 Political and Legal Environment Page 11 6.1 Political Risk Page 11 6.2 Legal Risk Page 11 7.0 Trade and Diplomatic Relations with Australia Page 12 8.0 Country of Choice Page 12 9.0 Mode of Entry Page 12 10.0 Conclusion Page 13 References Page 14 Executive Summary This report examines and assesses the market suitability of two countries for the company Octahedron’s SWIM software. This report analyses and compares Singapore and Indonesia’s political, economic and business environments. The report examines and compares key economical, political and business environment factors identified as impacting upon the profitability of the two markets, as well as the current retail jewellery industry and amount of consumer spending on retail jewellery goods, giving an indication...
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...Doing business in Singapore Table 1. Profile of Singapore Name Singapore Geographic location East Asia Current form of state City state with parliamentary democracy Previous form of state British colony (1819±1959) Member of Malaysia (1959±1965) Land area 647.5 sq. km Population 3.04 million (mid-1996 estimate) Population growth (1993±1997) 2% per year Population make-up Chinese (77.3%) (Singapore, as of June 1996) Malay (14.1%) Languages English, Chinese, Malay and Tamil GDP (US$) $94.1 billion (1996) GDP per head (US$) $30 900 (1996) GDP growth (1988±1997) 2.67 times Economic status Newly industrialized economy Type of industrialization Export-oriented Major industries by % of GDP Finance...
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...University Institute of International Studies, Bangkok Thailand. Master Degree Program in Business Administration Minor: General Management I.I.S. Business Environment in Singapore MASTER DEGREE TERM PAPER 2015 BY, MARK ETHELBERT CHIJIOKE 2/10/2015 Abstract Mark Ethelbert Chijioke Business Environment in Singapore, 51 pages, 1 appendix Ramkhamheang University Institute of international studies Master of Business Administration Instructors: Dr. Bahaudin G. Mujtaba. Ramkhamheang University (IIS) Topic: Term paper Subject: Managing in Global Business Organization. Topic: Term paper Research focus Business Environment in Singapore The main reasons for this term paper research alone, Is because this is my final semester in master of business administration and I belief by doing it all alone the knowledge and the research I gather will help me so much in my final year project and might be useful for academic researcher and journal for organization and individual wanting to make Singapore a second home of base and work. 1. My research was to find out which kinds of experience European companies are having in Singapore. In addition, the task was to determine the main advantages and disadvantages of doing business in Singapore and which kinds of cultural difficulties European companies encounter in Singapore and how they can eliminate them. 1. In the theoretical part of study the first issue will be to find out the advantages and disadvantages of Singaporean business environment...
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...Singapore Singapore, a country with mixed nationalities and mixed cultures, attracts numerous culture experts and enthusiasts to study on it. Here in this article, the writers would like to discuss Singapore and introduce Singapore to you from the aspects of the general knowledge of Singapore, the factors that influence the Singaporean culture, Lewis’s theory about cultural categories, Hofstede’s theory about cultural dimensions and Edward’s theory about communication styles. Brief Introduction of Singapore Singapore, officially called the Republic of Singapore, the world's busiest port, though physically small, is an economic giant. It has been Southeast Asia's most modern city for over a century. The name of Singapore comes from Malay language, which can be directly translated into the lion city. Frist of all, Singapore is located in Southeastern Asia, islands between Malaysia and Indonesia. The main island is about 42kilometres from east to west and 23 kilometers from north to south. Singapore’s total land area, including that of the smaller islands, is 697.1 square kilometers. Singapore's strategic location at the southern tip of the Malaysian peninsula has ensured its importance, which is greater than its size might seem to justify. Singapore consists of the island of Singapore and some 63 islets within its territorial waters. Like most of Southeast Asia, Singapore is generally hot and humid. It's warm and humid year round, with the temperature almost never dropping...
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...In the 1990s, Singapore aspired to be a "global city" serving world markets and major multinational corporations. In 1965 Singapore became independence country. The lion city had become a manufacturing center with one of the highest incomes in the region and a persistent labor shortage Singapore was characterized by an export-oriented economy, relatively equitable income distribution, trade surpluses with the United States and other developed countries. Singapore is a small island had no resources other than its strategic location and the skills of its nearly 2.7 million people. In 1988 it claimed a set of economic superlatives, including the world's busiest port, the world's highest rate of annual economic growth (11 percent), and the world's highest savings rate (42 percent of income). Singapore is found that lived by international trade and operated as a free port with free markets. Its small population and dependence on international markets meant that regional and world markets were larger than domestic markets. In1988 the value of Singapore's international trade was more than three times its gross domestic product ( GDP). The country's year-to-year economic performance fluctuated unpredictably with the cycles of world markets, which were beyond the control or even the influence of Singapore's leaders. In periods of growing international trade.In 1985-1986, Singapore could reap great gains, but even relatively minor downturns in world trade could produce deep recession...
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...How it was named as Singapore? The English name of Singapore is derived from the Malay word Singapura, hence the customary reference to the nation as the Lion City. However, it is most likely that lions never lived on the island, and the beast seen by Sang Nila Utama, who founded and named Singapore, was a tiger. Introduction: According to legend, Singapore was part of the Srivijayan Empire in the 13th century. Began in 1819, Singapore was founded by Sir Thomas Stamford Raffles and he declare Singapore a free port, with no duties charged on trade. This policy had drawn traders from far and wide and turns her into one of the Asia’s busiest port. When World War II broke out, Singapore was seen as a formidable British base; with several naval defenses guarding against assault by sea. However, to their surprise, the Japanese chose to cross Malaya by bicycle instead. Despite with all the effort to hold the Japanese, Singapore had surrendered on 1942 with less than a week of fighting. The Japan occupation lasted for three years and eight months with the return of the British in 1945. After the war, Singapore became a British Colony. Singapore had joined Malaysia for a short time in 1963 when the British left, but Singapore left Malaysia and became independent on 9 August 1965. Since then, Singapore's economy boom for the subsequent forty years and become one of the four East Asian Tigers. In short Lion City was founded as a British Colony in 1918 and it had been developed...
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...Laser Diagnostic Instruments (LDI) is an Estonian company, operating in the area of research, development, manufacturing and application of laser-based instrumentation. By the decision of a group of scientists in 1991 to apply their knowledge of lasers and electro-optics to practical commerce solutions, LDI offers analytical sensors to address environmental, industrial, and bio-medical issues, together with a range of software products that control measurements and handle data. LDI main products and services are based on novel laser, electro-optical and photonics technologies aimed at the real-time data assessment. Company developments and products quickly received worldwide recognition and the scientists' achievements have been acknowledged by prestigious international awards. The principal applications of LDI products and services are based on different technologies for each segments: o Laser induced fluorescence (LIF) is the technology that provides users with the tools to conduct broad and accurate environmental surveys of both water and ground in stressed environmental zones, which makes LID products specially suitable for oil spill response operations and others, like pipeline monitoring and leak detection. o Spectral Fluorescence Signature (SFS) is a very sensitive and selective tool to monitor many industrial processes on site and in real time, especially to ensure that products and processes start safe, meet standards, and remain safe at critical points throughout...
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