Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
SlideShare a Scribd company logo

International Business: SINGAPORE

•Download as PPTX, PDF•
•
Sameer Dhurat
Sameer Dhurat

Singapore has a highly diverse population that is predominantly Buddhist, Christian, and Muslim. It has a very educated population and strong healthcare system. Technologically, Singapore has excellent broadband internet access and leads the world in water recycling technologies. It has a highly developed free market economy and is a major hub for trade, finance, and oil trading in Asia. While it has limited natural resources, Singapore has strong partnerships with countries like India to increase trade and economic cooperation.

1 of 10
International Business:SINGAPORE
Presented by PRERAK SHAH (91) SANKET THORAT (78) LALIT BHALERAO (57) SAMEER DHURAT (83) SANKET PANCHAMIA (86) JYOTI KANDALGAONKAR (63)
SOCIAL FACTORS Religion Employee Rights Access to the Consumer Goods Education Health-care A 2014 analysis by the Pew Research Centre found the world's most religiously diverse nation.  Singapore population is equivalent to 0.08% of the total world population.  Singapore ranks number 113 in the list of countries by population.
TECHNOLOGICAL FACTORS  Broadband internet penetration rate more than 70%.  Highest Average Peak Connection speed in the world which is 135.7 Mb/s.  NEWater, the brand name given to reclaimed water produced by Singapore's public utilities.  It is treated, wastewater (sewage) that has been purified using dual-membrane (via microfiltration and reverse osmosis) and ultraviolet technologies.  World's water hub for water recycling and desalination technology.  Construction projects using new technology to increase to 40% (Buildings are built using eco- friendly material and prefabricated components).  Singapore is aggressively promoting and developing its biotechnology industry. Leading drug makers, such as GlaxoSmithKline (GSK), Pfizer and Merck & Co., have set up plants in Singapore.
INTERNATIONAL TRADING ENVIRONMENT Import Tariffs- Singapore levies a 7% Goods and Services Tax Trade Barriers Import Licensing Items Requiring License - strategic items, hazardous chemicals, radioactive materials Canalized items – Petroleum products Temporary Entry Customs Regulations Standards – SPRING Singapore Trade Agreements VER-Under the WTO Agreement on Textiles and Clothing (ATC), Singapore maintains 3 bilateral export restraints with Canada, the European Union & United States. Comprehensive Economic Cooperation Agreement (CECA) is a free trade agreement between Singapore and India to strengthen bilateral trade. It was signed on 29 June 2005.
POLITICAL FACTORS Ruling Party : PAP (People’s Action Party) Prime Minister : Lee Hsien Loong ( 2004 - ) Business Initiatives by Singapore Government – Smart Nation Smart Nation is a Singaporean government initiative to harness infocomm technologies, networks and big data to create technology enabled solutions across various sectors.  Role of Singapore government  Entering the Market  Future Business Opportunities  Partnership Opportunities to Access the Rest of Asia
ECONOMIC ENVIRONMENT  Singapore has a highly developed trade-oriented market economy. Singapore's economy has been ranked as the most open in the world, 7th least corrupt, most pro-business, with low tax rates  It also has the third highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP).  The economy of Singapore is a major Foreign Direct Investment (FDI) outflow financier in the world. Singapore has also benefited from the inward flow of FDI from global investors and institutions due to its highly attractive investment climate and a stable political environment.  Exports, particularly in electronics, chemicals and services including Singapore's position as the regional hub for wealth management provide the main source of revenue for the economy  Singapore is considered a global financial hub, with Singapore banks offering world-class corporate bank account facilities  Singapore is the leading oil trading hub in Asia. The oil industry makes up 5 per cent of Singapore's GDP, with Singapore being one of the top three export refining centres in the world
NATURAL ENVIRONMENT  Singapore enjoys uniform temperature and pressure, high humidity and abundant rainfall and experiences monsoon almost all year round.  Fruits produced in Singapore include durians, rambutans, and mangosteens. There are also farms in the country responsible for the production of eggs, vegetables, poultry, and pork.  Flowers grown in Singapore are exported to other parts of the world, namely Japan, the United States, Australia, and Europe. Such flowers include the orchid. There are 153 orchid farms in Singapore.  Agriculture in the country is responsible for less than 0.5 percent of the country's gross domestic product (GDP), approximately one percent of Singapore's population are farmers  Singapore has very limited non renewable resources. The economy is dependent on oil and natural gas imports.
CONCLUSION  India can learn a lot from Singapore in urban management and development of smart cities  The Indian Diaspora has a strong presence in Singapore  India and Singapore have signed the Comprehensive Economic Cooperation Agreement (CECA) and strategic-relationship agreement in order to increase trade, investments and economic cooperation  Singapore has been one of the top investors in India. India-Singapore bilateral trade has already crossed the $17 billion mark(as of 2014-15).  India’s main exports to Singapore include petroleum, gemstones, jewellery, machinery and its imports from Singapore included electronic goods, organic chemicals and metals
Thank You

More Related Content

International Business: SINGAPORE

  • 2. Presented by PRERAK SHAH (91) SANKET THORAT (78) LALIT BHALERAO (57) SAMEER DHURAT (83) SANKET PANCHAMIA (86) JYOTI KANDALGAONKAR (63)
  • 3. SOCIAL FACTORS Religion Employee Rights Access to the Consumer Goods Education Health-care A 2014 analysis by the Pew Research Centre found the world's most religiously diverse nation.  Singapore population is equivalent to 0.08% of the total world population.  Singapore ranks number 113 in the list of countries by population.
  • 4. TECHNOLOGICAL FACTORS  Broadband internet penetration rate more than 70%.  Highest Average Peak Connection speed in the world which is 135.7 Mb/s.  NEWater, the brand name given to reclaimed water produced by Singapore's public utilities.  It is treated, wastewater (sewage) that has been purified using dual-membrane (via microfiltration and reverse osmosis) and ultraviolet technologies.  World's water hub for water recycling and desalination technology.  Construction projects using new technology to increase to 40% (Buildings are built using eco- friendly material and prefabricated components).  Singapore is aggressively promoting and developing its biotechnology industry. Leading drug makers, such as GlaxoSmithKline (GSK), Pfizer and Merck & Co., have set up plants in Singapore.
  • 5. INTERNATIONAL TRADING ENVIRONMENT Import Tariffs- Singapore levies a 7% Goods and Services Tax Trade Barriers Import Licensing Items Requiring License - strategic items, hazardous chemicals, radioactive materials Canalized items – Petroleum products Temporary Entry Customs Regulations Standards – SPRING Singapore Trade Agreements VER-Under the WTO Agreement on Textiles and Clothing (ATC), Singapore maintains 3 bilateral export restraints with Canada, the European Union & United States. Comprehensive Economic Cooperation Agreement (CECA) is a free trade agreement between Singapore and India to strengthen bilateral trade. It was signed on 29 June 2005.
  • 6. POLITICAL FACTORS Ruling Party : PAP (People’s Action Party) Prime Minister : Lee Hsien Loong ( 2004 - ) Business Initiatives by Singapore Government – Smart Nation Smart Nation is a Singaporean government initiative to harness infocomm technologies, networks and big data to create technology enabled solutions across various sectors.  Role of Singapore government  Entering the Market  Future Business Opportunities  Partnership Opportunities to Access the Rest of Asia
  • 7. ECONOMIC ENVIRONMENT  Singapore has a highly developed trade-oriented market economy. Singapore's economy has been ranked as the most open in the world, 7th least corrupt, most pro-business, with low tax rates  It also has the third highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP).  The economy of Singapore is a major Foreign Direct Investment (FDI) outflow financier in the world. Singapore has also benefited from the inward flow of FDI from global investors and institutions due to its highly attractive investment climate and a stable political environment.  Exports, particularly in electronics, chemicals and services including Singapore's position as the regional hub for wealth management provide the main source of revenue for the economy  Singapore is considered a global financial hub, with Singapore banks offering world-class corporate bank account facilities  Singapore is the leading oil trading hub in Asia. The oil industry makes up 5 per cent of Singapore's GDP, with Singapore being one of the top three export refining centres in the world
  • 8. NATURAL ENVIRONMENT  Singapore enjoys uniform temperature and pressure, high humidity and abundant rainfall and experiences monsoon almost all year round.  Fruits produced in Singapore include durians, rambutans, and mangosteens. There are also farms in the country responsible for the production of eggs, vegetables, poultry, and pork.  Flowers grown in Singapore are exported to other parts of the world, namely Japan, the United States, Australia, and Europe. Such flowers include the orchid. There are 153 orchid farms in Singapore.  Agriculture in the country is responsible for less than 0.5 percent of the country's gross domestic product (GDP), approximately one percent of Singapore's population are farmers  Singapore has very limited non renewable resources. The economy is dependent on oil and natural gas imports.
  • 9. CONCLUSION  India can learn a lot from Singapore in urban management and development of smart cities  The Indian Diaspora has a strong presence in Singapore  India and Singapore have signed the Comprehensive Economic Cooperation Agreement (CECA) and strategic-relationship agreement in order to increase trade, investments and economic cooperation  Singapore has been one of the top investors in India. India-Singapore bilateral trade has already crossed the $17 billion mark(as of 2014-15).  India’s main exports to Singapore include petroleum, gemstones, jewellery, machinery and its imports from Singapore included electronic goods, organic chemicals and metals