...The expulsion of Singapore from Malaysia in 1965 thrust it into an unwanted independence. Tiny and underdeveloped, Singapore was the typical Third World country; lacking natural resources, sanitation, proper infrastructure, and adequate water supply. Much of the city-state's then three million people were unemployed. Slums and squatter settlements on the outskirts of the city were home to more than two-thirds of its population. Wanting to stimulate development, the founding prime minister, Mr. Lee Kuan Yew had sought international assistance, but his pleas remained unresolved, leaving Singapore to fend for itself. Since the independence, the Singapore economy has experienced swift economic development. Singapore's strong economic performance...
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...Master of Business Administration Assignment in Marketing Management Singapore Tourism Marketing Strategy Evaluation Dimitri Blättler Malcolm Ferguson Sascha Gartenbach Shama Rahman 8th August 2011 2/30 Document information Title: Topic: deadline: saved: Page count: Singapore Tourism Marketing Strategy Evaluation Marketing Management 8th of August 8. August 2011 30 excluding Layout Version Version V1.0 date 8.08.2011 changes Turn- it in Version responsible Authors (see front) © by the authors This report is confidential and intended only for members of the University of Strathclyde. The University of Strathclyde is entitled to use the information provided herein by the authors for the agreed purpose only. Use of this information for purposes not stipulated in the original order is strictly prohibited. Swiss centre of University of Strathclyde Zurich Tel. +41 44 305 95 11 · Fax +41 44 305 95 19 · www.awk.ch 3/30 Table of Contents 1. 2. Executive Summary ................................................................................................................. 6 Situational Analysis.................................................................................................................. 7 2.1. Market Summary .......................................................................................................... 7 Target Markets Evaluation.............................................................................. 7 2.1.1. 2.1...
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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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...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 ships at berth. Khoo Teng Chye, explained with pride: The story of PSA is the story of Singapore. At the port, as in all of Singapore, we have limited land, limited sea space, and a limited number of people. Yet, we handle a large and growing volume of ship calls with...
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...SINGAPORE HOTEL INDUSTRY ANALYSIS Prepared by: Nazia Husain Marketing 558: Marketing Across Cultures TABLE OF CONTENTS Contents EXECUTIVE SUMMARY 3 HISTORY 4 GOVERNMENT 6 CULTURE 6 Religion 6 Language 7 Economy of Singapore 8 Trade 9 Employment 10 ASEAN 10 MACRO-ECONOMIC REVIEW OF SINGAPORE 11 Economic Factors 11 Macro-environment factors and hotel industry 12 INDUSTRY ANALYSIS 14 Hotel Demand 15 Hotel Supply 16 COUNTRY CLUSTER ANALYSIS 17 Regional Analysis in the Hotel Industry 17 Singapore Industry Analysis 17 RevPAR 19 Singapore Hotel Association 20 Corporations Expanding Into the Region 22 CONCLUSIONS AND RECOMMENDATIONS: 23 Working culture differences between the US and Singapore 23 Expansion into Singapore 24 APPENDIX 26 EXECUTIVE SUMMARY The purpose of this research paper is to provide insights into the Singapore Hotel Industry. Through an analysis of economic indicators and the hotel industry in the region, along with a look at how the cultural characteristics of Singapore help illustrate many reasons why hotels should look to expand in Singapore. One of the many reasons why the hotel industry is of such importance in Singapore is its continuous growth and expansion of the services industry in the region. Although there is a slow growth of visitors projected in 2012 due to an uncertain economy, it is to the countries best advantage to increase the number of hotels being planned to open in the next...
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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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...0 introduction Singapore Telecommunications (SingTel) started in the the year 1879 of as a company which was wholly-possessed by the legislature. Singtel is the largest telecommunication company in Singapore. Singtel have 130 years of telecom operating experience and not only that , they also played a major role in Singapores Develpment by being the key communication centre.Singtel is one of the top compananies in Asia for their telecommunication services , data services like 3G or 4G, internet and pay televisons. Singtel is not just only listed as the largest company in Singapore , but it is also listed in Optus a telecom company in Australia which is stands at the top for their integrated telecommunication services and poroducts.(about us, n.d.) We are a significant interchanges player in Asia and Africa through our key ventures in five local versatile administrators, in particular Telkomsel (Indonesia), Globe Telecom (the Philippines), Progressed Information Administration (Thailand) and PBTL (Bangladesh).(About us, n.d.) The Gathering likewise has speculations in Bharti Airtel (India), which has critical vicinity in Sri Lanka, Africa and Bangladesh.As a key financial specialist, they work nearly with their members to develop the business, by leveraging their scale in frameworks, customer touch base at and broad operational experience .Singtel's offshoots profit not just from the association with Singtel PESTEL 2.1 Political factor Singapore is a political stable...
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...LKY's Contributions to Singapore Aaron Epps Dr. Quek Ser Hwee June 8, 2015 Lee Kuan Yew’s Contributions to Modern Singapore: Both Contentious and Impactful A few short months before Singapore celebrates its half-century independence on August 9, 2015, the founding prime minister of an independent Singapore, Lee Kuan Yew (LKY), passed away after battling pneumonia for several months. LKY governed Singapore for more than thirty years until 1990 and is described as transitioning Singapore from the "third world to the first world in a single generation" under his leadership (Yew). He became the embodiment of the orderly transition of a region from western dominance to neo-Confucian success. His death on the morning of March 23, 2015 caused a sudden boom and several days of mourning throughout the nation. “It was almost like the long-awaited passing of a grandfather,” one Singaporean native said when I asked her how she remembered receiving the news of LKY’s passing. “You knew it was coming, but you still did not want to accept it as true.” Hundreds of thousands of Singaporeans flocked to the Parliament House where his body remained for viewing from Wednesday, March 25, 2015 to Saturday, March 28, 2015 to pay their respect. His death also attracted the attention of certain worldwide dignitaries and they paid their respect accordingly. There is no doubt that his profound contributions to Singapore advanced it as a nation and left an impact in the hearts and lives of thousands...
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...Doing Business in Singapore Updated as of 8 September 2006 Pioneer Management Services Pte Ltd 4 Shenton Way #04-01 SGX Centre 2, Singapore 068807 Telephone: +65 6327 6266 Facsimile: +65 6327 3855 Email: pioneer@singnet.com.sg Website: www.pioneerassociates.com.sg CONTENTS Page 1 1.1 1.2 1.3 1.4 1.5 1.6 Introduction Geography and History Population Political System Languages Currency Economy 1 1 1 1 2 2 2-3 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Business Entities and Accounting Companies Branches Representative Offices Sole Proprietorships Partnerships Limited Liability Partnerships Joint Venture Audit and Accounting Requirements Record and Filing Requirements 3 3 3-4 4 4 4-5 5 5 5 6 3 3.1 3.2 3.3 Finance and Investment Exchange Control Sources of Finance Investment Incentives 6 6 6-8 8 CONTENTS Cont’d 4 4.1 4.2 4.3 4.4 Employment Regulations and Social Security Contributions Employment Passes and Dependent’s Passes Engagement and Dismissal Trade Unions Social Security Contributions Page 8 8-9 9 9 10 5 5.1 5.2 5.3 5.4 5.5 Taxation in Singapore Companies Individuals Expatriates Indirect Taxes Other Taxes 10 10 - 14 15 - 18 18 - 19 19 - 20 21 Appendices 1 2 3 4 5 Tax incentives Withholding tax rates Corporate tax rates Personal income tax rates Personal tax reliefs 22 - 28 29 - 30 31 32 33 Doing Business in Singapore 1 1.1 INTRODUCTION Geography and History The Republic of Singapore is located at the southern tip of the West...
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...Executive Summary FJ Benjamin is a Singapore based fashion and lifestyle company. The company distributes major clothing brands and accessories, and is one of the leading fashion distributors in Singapore. Their success is derived from their ability to secure distribution rights from major brands. FJ Benjamin introduced it very own house label, Raoul, in 2002. Raoul was created to increase the company‟s portfolio as well as to diversify away from distribution risk. Raoul contributes a large percentage of FJ Benjamin‟s annual revenue. With intensive competition in the fashion industry, Raoul must have it own identity in order to differentiate itself from the competitor. Analyses have been undertaken to determine what necessary strategies to be implemented to enhance the brand image so as to increase profits. Strategies are recommended by taking advantage of Raoul‟s strengths and building on their weaknesses in order to take advantage of the available opportunities in the market and to defend it from threats. Studies of the internal and external environment had been conducted to be able to work with Raoul‟s core competencies to gain a competitive advantage over its competitors. This report concludes that Raoul needs to make adjustments on its marketing strategies, and maintain some of its current strategies, in order to be more competitive in the fashion market. Hence, it is proposed that (1) Raoul focus on a single-market strategy and focus on the local market as well as to create...
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...Tourism background in Singapore Tourism is at its rapid expanding stage. Being in the 21st century, most of people are traveling and visiting attractions all around the world. There are seven continents on earth and these continents constitutes of many states and even tiny islands that can be considered as a tourism destinations and attractions. Where it is accessible, there will be tourists. Singapore has one of the largest service sectors in tourism. For Singapore to take this advantage as a tourism destination, it has contributed 3% of Singapore's GDP which has generated a sum of US$ 9.4 billion in 2007. As one of the most popular countries in Asia, Singapore has been growing rapidly for the past few years. With the help of the tourism industry, it has strengthened the infrastructure developments, in addition of various events and the countries strategic location in the heart of region. This shows how much the role of tourism industry can play in Singapore's economy. To ensure that tourism remains a key economic pillar, a bold target, Tourism 2015, was unveiled in the year 2005. The objectives of Singapore is to triple the tourism receipts to US$ 30 Billion, doubling visitor arrivals to 17 Million, and creating an additional 100,000 jobs in the services sector by 2015, according to "Opportunities in Singapore Tourism Industry (2007-2009)". Having all these advantages, the negatives are also a factor to look at so by doing this research; I will have a better view on the...
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...Malaysia-Singapore Interconnectivity Issue Malaysia Singapore only has one bridge connecting it together since 1998. The first connection was a causeway which was opened in 1923 during the imperial British era. The Johor-Singapore causeway has been the main portal for entering and exiting Singapore for Malaysian ever since. During Tun Dr Mahathir’s administration, there was a plan to demolish the causeway to enable passing of small ships at the straits of Johor which is also known as Selat Tebrau by locals. Due to legal issues and future possible implications, the project has been scrapped under his successor, Tun Abdullah Badawi. Meanwhile...
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...Q3 2010 www.businessmonitor.com siNGapore pharmaceuticals & healthcare report INCLUDES 10-YEAR FORECASTS TO 2019 issN 1748-216X published by Business monitor international ltd. SINGAPORE PHARMACEUTICALS & HEALTHCARE REPORT Q3 2010 INCLUDING 5-YEAR AND 10-YEAR INDUSTRY FORECASTS BY BMI Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: June 2010 Business Monitor International Mermaid House, 2 Puddle Dock, London, EC4V 3DS, UK Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2010 Business Monitor International. All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no...
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...C. Evaluation and measurement Conclusion A. [Summarize three main points] B. [Revisit introduction or tie all ideas together] * * * * A. Background In the early days, Singapore has used globalization without limits and practice useful financial grow. Wages generated from tourism as outside trade profit will be added to the national pay and basically adds to the financial development of Singapore. In any case, globalization is a dual enclosed sword, while it serves to support a well to do betting. To counter issue of betting, the online networking could be extraordinary used and social protections must be actualized to anticipate addictive betting. The problem of betting is not a new to Singapore. The Singapore Pools, built up the following 1968, was shaped to handle unlawful betting. Throughout the years, all the more wagering channels and betting frameworks advanced, for example, 4-D, Toto and SCORE . The increment popular for legitimized betting demonstrates that more Singaporeans are revealed into betting exercises. On the other hand, rather than debilitating betting, the legislature did the opposite. Keeping in mind the end goal to stay focused on the planet's economy, globalization has brought about the administration in Singapore to trust that the financial advantages from the foundation of club will exceed the negative social effects from the support of betting. Certainly, the...
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...measures have traditionally focused on social and economic data, recent trends have extended to address other features. One important aspect in this regard is the underlying societal gender discrimination and the diverse outcome for males and females. This is commonly referred to as gender inequality. According to Dorius and Firebaugh (2010), gender inequality is where one gender possesses an excessively large proportion of valued items, such as political influence, wages or good health. Although every region of the world has developed policies and laws to tackle gender inequality, Asia-Pacific has countries with varying social and economic circumstances. This essay will examine gender inequality in two Asia-Pacific states, namely China and Singapore. The essay will consider employment and family-based gender inequality in each nation and assess the similarities and differences between them. Gender inequality has major impacts on nations, in particular on the Asia-Pacific zone. Francisco (2007) delineates various forms of inequality, namely mortality, natality, basic facility, special opportunity, professional, ownership and household forms of inequality. In this field, Jutting, Morrison, Dayton- Johnson and Drechsler (2008) argue that gender equality is vital to promote economic growth, wealth creation and poverty reduction. As an illustration, the Asia-Pacific region foregoes approximately 2-4 percent of GDP per year due to low female workforce participation rates (UNDP 2014a). Similarly...
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