...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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...Singapore As Singapore is a founding member of ASEAN, they joined ASEAN in August 8, 1964. Singapore was located the islands between Malaysia and Indonesia in South East Asia. Furthermore, Singapore has no land boundaries with other countries. The capital city of Singapore was also Singapore as one state, one city. Nowadays, Prime Minister Lee Hsien Loong governs Singapore as Head of Government. However, Singapore used the Singalish as main language and they also use English, Malay, Mandarin, and Tamil. Moreover, they used their currency as Singapore Dollar (S$). The figure of Singapore's Land and Map Source: http://www.wordtravels.com/Travelguide/Countries/Singapore/Map Land Area The total area of Singapore is 647.5 sq. km. According to research, Singapore used 12% for roads, 15% for housing and 73% for others as Singapore's Land Area Usage in 2014. The diagram of Singapore land area usage in 2014 Source: 3s1ihc1transport.wiki.hci.edu.sg Political System Singapore is a republic with a parliamentary system of government. The city-state and former British colony adopted the Westminster model after it gained independence on 9 August 1965. There are three branches of the Government of Singapore: Executive, Legislative and the Judiciary. Population The total population in Singapore was last recorded at 5.5 million people in 2014 from 1.7 million in 1960. The chart of Singapore population is as follow; Source: http://www.tradingeconomics.com/singapore/population ...
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...Abstract Singapore’s one-party-dominant system, which has been in place since 1959, remains dynamic and robust. Citizens took part and voted for the Singapore General Election on 11 September 2015. Election results were surprising. The incumbent, People’s Action Party (PAP) returned to power, won its best results since 2001, and regained its electoral dominance from the previous election in 2011. It was an unexpected blown away for the opposition parties as it was expected for the opposition’s presence in parliament to improve. Worker’s Party, the most successful opposition party in Singapore suffered too as many voters feared that it might outperform itself to the detriment of the incumbent party. This essay aims to study the factors that results in the ruling party’s landslide victory and regain its electoral dominance in GE2015, where electoral dominance refers to two thirds of the seats won by a party. Keywords Singapore, General Election 2015, PAP, WP, Lee Kwan Yew, Opposition parties, Introduction A political party is a group of people who has or wants political power by appealing to the masses with to support their campaigns, differentiating themselves from other parties by having disparate views, stands and focus. The Parliament of Singapore is unicameral which includes three types of Members of Parliament: elected Members of Parliament (MPs), Non-constituency Members of Parliament (NCMPs), and Nominated Members of Parliament (NMPs). Of these, MPs are chosen by universal...
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...were launched to drive the state towards a knowledge intensive economy, Singapore has emerged with one of the world’s best performing school systems. While the system equipped students with the knowledge and skills to compete in the global economy, the leaders of Singapore also placed a strong emphasis on moral education to form the backbone of a holistic education system. Education and awareness has been the cornerstone of the Singapore Co-operative movement since its inception in 1924. The movement’s founding father, Dr Goh Keng Swee, strongly believed in the values and principles behind the co-operative business model - self help, mutual help and caring for the community and set out to actively promoted these principles to society together with other founding members of the movement. As Singapore’s Co-Operative movement gained traction over the late 1990s, there was a growing consensus amongst co-operative leaders that renewal and succession was key to sustainability of the movement over the next generation. This signaled a stronger focus and drive towards the promotion of co-operative values to the new generation of future leaders. The co-operative values imbued in the young are strongly aligned with the nation’s endeavor to develop a more holistic education, while at the same time serve the greater purpose of educating the young about the merits of the co-operative business model. The Singapore National Co-operative Federation recognizes co-operative education and...
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...This paper examines the association of corporate governance variables and IPO pricing. Results show that managerial ownership is positively related to both offer price and market price premium, which is consistent with a high level of managerial ownership reducing agency costs leading to a closer alignment of interests between managers and shareholders. High blockholder ownership is positively related to offer price premium but not market price premium which implies that underwriters, but not investors, perceive that the quality of the IPO is associated with blockholder ownership. Board size is negatively associated with both measures of IPO pricing, suggesting that smaller boards are better. The other conventional corporate governance variables are not significant. Family ownership and family management are negatively related to both offer price and market price premium, which is consistent with the suggestion that the lack of separation of ownership and management causes family-controlled firms to suffer from cloudy financial vision, resulting in a negative relationship with pricing. However, family chairman is positively associated with offer price premium which implies that underwriters view family leadership on the board as beneficial. The other family governance variables are not significant. None of the board expertise variables examined are significantly related to IPO pricing. I. Introduction The launching of an initial public offering (IPO) is a pivotal event...
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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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...Kinder International Healthcare Consultancy Pvt. Ltd. KIHC Service Provision in Management Consultancy NABH accreditation consultancy Develop SOPs, Policies, manuals etc. Organization assessment audit Business process re-engineering Operational and Retainer Management Consulting Hospital Setting up - Women and Children Care o Conceptualization o Designing and Implementation o Staff Recruitment o Commissioning Kinder IVF o Centre design and setting up o Kinder IVF Protocols o Staff Recruitment o Quality Management NABH accreditation consultancy We are continually seeking ways of improving our services to our valued customers in all business processes by expanding our overall service and now with the addition of “Quality Consultancy Service”. We guarantee quality assurance of an organization by ensuring that the structure, processes and outcomes of the organization are commensurate to the needs of the national and international accreditation norms. Our strength is systematic and working approach of which each steps is bounded by a predefined time scheduled time frame systematic working approach with high level of quality outcome. frame. As a result achievement of the accreditation within a guided by Page 1 of 4 To help the clients to achieve Quality Accreditations as a bi‐product of improvements in service quality, KIHC provide following scope of services: Perform initial Assessment of existing policies, standard operating procedures, processes and infrastructure...
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...KUAN YEW is the leader that I admire. Mr. Lee Kuan Yew, also known as the Father of Singapore was Singapore Prime Minister from 1959 to 1990 and it was under his leadership that Singapore became the most prosperous country in Southeast Asia. I admired him for his wisdom and conviction, that he was able to transform Singapore from an undeveloped British colony to a First World country. Heroic Ambitions When Mr. Lee Kuan Yew became the Prime Minister of Singapore in 1959, he envisioned Singapore to be a self-governing nation. Mr. Lee saw a great future for Singapore and he knew that it would be a difficult task to achieve this vision. He rallied his people, introduced long-term plans and joined the short-lived Federation of Malaysia to kick-start his mission. When the merger with Malaysia failed, he made sure that Singapore will survive the major challenges by making decisions and implementing policies that will maximize usage of their limited natural resources and defensive capabilities. Positive Loving Attitude Mr. Lee was passionate about Singapore that in 1949 he decided to go back to Singapore after studying in England to begin his journey in transforming Singapore. In one of his speeches after stepping down as Prime Minister in 1990 and became a Senior Minister he said, “Even from my sick bed, even if you are going to lower me into the grave and I feel something is going wrong (in Singapore), I will get up“. 1 MANDYN / R48 (LEADERSHIP) – ALLAN ROSALDO In another interview...
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...missing social network that integrates gaming features for trading and education through forum sharing for youths. Insights from TradersHub, a failed start-up with a similar business model by Travis Ong (Annex A), can be adopted to understand how to successfully penetrate Singapore’s fintech market and be a recognised player in virtual trading, before extending and monetising the business. The main reason for TradersHub’s failure is due to their idealistic causation approach not bound by a realistic understanding of the industry. This exemplifies the need to balance the approach in an effectuative way by firstly analysing the fintech ecosystem for external factors that will shape the positioning of the business model (Forbes, 2016). Singapore has cultivated a conducive market that provides fintech start-ups with high availability of financial and developmental support. The high penetration rate of technology encourages the scalability of FinTech startups (Annex B, Forbes, 2013). Also, Singapore’s Startupbootcamp FinTech is an ideal key partner that can aid in the venture development process. Being endorsed by this recognised accelerator programme will be highly beneficial in establishing credibility of the product to customers and interested investors alike. It also includes extensive mentorship from key financial...
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...to more places, more often. The Jetstar Group is a value based, low fares network of airlines operating in the leisure and value based markets. The Group consists of: • Jetstar Airways in Australia and New Zealand (wholly owned by the Qantas Group) • Jetstar Asia based in Singapore. The company is managed by Newstar Holdings, majority owned by Singapore company Westbrook Investments (51 per cent), with the Qantas Group holding the remaining 49 per cent of shares • Jetstar Pacific based in Vietnam (27 per cent held by Qantas with other shareholders including its largest shareholder, State Capital Investment Corporation) The Jetstar Group is the largest low cost carrier in the Asia Pacific by revenue and has flown over 75 million passengers since it launched in 2004. In the past financial year ended June 2011, the Jetstar Group carried almost 20 million customers. The Jetstar Group has grown from 400 employees in 2004 to more than 7,000 staff across the Asia Pacific today. Collectively the Jetstar Group offers up to 3,000 flights a week to 56 destinations in 17 countries and territories across the Asia Pacific region with a fleet of 79 aircraft. Jetstar Group CEO is Bruce Buchanan who is a founding executive of Jetstar. CEOs of the Jetstar network of airlines include David Hall (Jetstar Australia and New Zealand), Chong Phit Lian (Jetstar Asia) and Le Song Lai (Jetstar Pacific). About Jetstar in Australia Jetstar’s headquarters are in Melbourne, Australia. Jetstar forms...
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...Leadership and Power Nathaniel Thomas LDR/300 August 13, 2013 Alan Preizer Leadership and Power Mini Case Ms. Ho Ching’s influence as a leader is reflected in the changes within the organization to disclose its annual report along with performance details that were FYI to Temasek executives only. Her appeal to investors, “to look to India for opportunities for Asian growth” is demonstrated in the account of the conference of Indian companies. Additionally, her determination to influence investors in Singapore to expand their economic concerns by investing in India, continually progresses forward. Hope for sustained progress continues August 1, 2013 when former cabinet minister and former NTUC Secretary-General, Mr. Lim Boon takes over as chairman of Temasek Holdings.” (Ramesh, Y2013 ar, 1). Based on the excerpt from Ho Ching’s speech, she uses a number of influence tactics. When she points to the 1997 Asian Financial Crisis her approach is rational persuasion, “But that sparkle is beginning to return” is an inspirational appeal. The ingratiation and inspiration comes when she states, “Now is India’s turn.” Ching employing the tactic of exchange continues by stating Singapore’s trade with India which grew 50 percent since 1997. Lastly, she places a good deal of emphasis with coalition tactics with consultation. Consultation, with respect to Asia as a whole, to working hard and smart, honing her[Asia’s] competitive strengths and leveraging on her complementary capabilities...
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...to influence investors in Singapore to expand their economic concerns by investing in India, continually progresses forward. Hope for sustained progress continues August 1, 2013 when former cabinet minister and former NTUC Secretary-General, Mr. Lim Boon takes over as chairman of Temasek Holdings.” (Ramesh, Y2013 ar, 1). Based on the excerpt from Ho Ching’s speech, she uses a number of influence tactics. When she points to the 1997 Asian Financial Crisis her approach is rational persuasion, “But that sparkle is beginning to return” is an inspirational appeal. The ingratiation and inspiration comes when she states, “Now is India’s turn.” Ching employing the tactic of exchange continues by stating Singapore’s trade with India which grew 50 percent since 1997. Lastly, she places a good deal of emphasis with coalition tactics with consultation. Consultation, with respect to Asia as a whole, to working hard and smart, honing her[Asia’s] competitive strengths and leveraging on her complementary capabilities across borders, the outlook in the next decade or two looks very promising indeed.” Consultation indeed asks the target(s) to continue their participation in order to build Asian’s economic influence into the global market. Ho Ching has been named one of the most powerful leaders in Asia and there are several major sources of power that makes this so. Ms. Ho Ching can be considered an influential leader. She had been “CEO and President of Singapore Technologies...
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...Why do men go to war, Instead of protecting now, it is merely to win. Instead of being for a just cause, it is for a cause based on what others believe. Men no longer fight for what they think is right; instead they fight for what they think their leaders think is right. And, even in the case that they know their leaders are wrong, they must continue to fight. For if they did not, then the essence of 'men' within this 'military' would seem mote. Instead of standing strong and securing their country, they distinctly state their own morals and follow their own conscience. Putting themselves first. In this day and age, this is not acceptable. Men fight wars because they are ordered to do so. Whether right or wrong, the order is still given. And, in the end, we as the people are left to clean up, understand and learn from our leaders mistakes or victories. There is many different reasons why wars were fought, There is a civil war in the United States of American, the main explanation for the origins of the American civil war is slavery, especially southern anger at the attempts by Northern anti-slavery into the western territories. States right and the tariff issue became entangled in the slavery issue, and were intensified by it. Other important factors were party politics, Abolitionism, Southern nationalism, Northern nationalism, expansionism, sectionalism, economics and modernization in the Antebellum Period. And some of them is because of Confederate soil, The Union was the...
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...The different development and changes in every day life introduce a new world system .The Internet and technological developments in telecommunications connect all the nations together but in the same time it does not mean that there is no barriers especially trade barriers .to regulate the world trade barriers and injustice, countries cooperate and construct the World Trade Organization. WTO promotes the free trade zones and equal trade regulations to increase competition in global market. But regardless of the size of the business there are regulations to govern exports and imports. To minimize these losses from barriers and regulations is important. Thus, there are regional trade blocks to associate nations at a governmental level to promote trade and defend the members against competition. The defense mechanism against global competition obtained through making tariffs on goods produced by member countries, import quotas, government subsidies, and technical and non-tariff barriers. As trade is not an isolated activity member countries also cooperate in political, security, climatic, economic and other issues affect the region. Countries participate regional blocs because of its advantages in trade and economy. Transaction costs between countries will be eliminated. It will be easier to compare prices between participants. Uncertainty caused by exchange rate fluctuations will be blocked. The inflation in member economies will decrease. It will reduce the cost...
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