tiger of asia doing business in singapore
DESCRIPTION
Speculand presenting in GlasgowTRANSCRIPT
![Page 1: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/1.jpg)
Tiger of AsiaDoing Business in
Singapore
![Page 2: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/2.jpg)
“Oh, East is East, and West is West,
and never the twain shall meet!”
Rudyard Kipling
![Page 3: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/3.jpg)
![Page 4: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/4.jpg)
46Today
46Today
![Page 5: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/5.jpg)
![Page 6: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/6.jpg)
The city-state of Singapore was Founded as a British trading colony in 1819 by
Sir Thomas Stamford Raffles
![Page 7: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/7.jpg)
• 6,826.64 miles from Glasgow to Singapore• 16 hours of travel• Eight hours time difference• Different languages to grasp• 1/10th population size of UK• Food is very spicy• Hot and humid - 100 degrees every day!
Are you nuts?
Doing Business in Singapore
![Page 9: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/9.jpg)
Henry Mintzberg
And then they built the integrated resorts
![Page 10: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/10.jpg)
Henry Mintzberg
![Page 11: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/11.jpg)
Henry Mintzberg
![Page 12: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/12.jpg)
Me
![Page 13: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/13.jpg)
Henry Mintzberg
![Page 14: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/14.jpg)
Singapore Facts and Figures
![Page 15: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/15.jpg)
Overview of Singapore Economy
2010 GDP growth: 14.5%2011 GDP growth forecast:
4% to 6%
Source: Annual Economic Survey 2010
![Page 16: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/16.jpg)
Industrial Transformation
![Page 17: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/17.jpg)
Among the Fastest Growing Economies
Population 5.2 millionGDP 2010 per head: £23,622GDP Growth 2010: 1.4%Total Trade 2010: £131bnInflation (CPI, 2010): 3.5%Unemployment 2010: 8.5%FDI : £41bn
Population 5.2 millionGDP 2010 per head: £27,841GDP Growth 2010: 14.5% Total Trade 2010: £410 bnInflation (CPI, 2010): 2.8%Unemployment 2010: 2.2%FDI : £225.8 bn
![Page 18: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/18.jpg)
Economic Development Board (EDB)
Mr Tommy ZHENG < Assistant Head < Consumer Insights Programme OfficeSingapore Economic Development Board < tel: 6832-6286 < fax: 6832-6525 < web: www.sedb.com
![Page 19: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/19.jpg)
Global Leadership PositionsElectronics:Key semiconductor cluster in Asia • 45% market share of world’s hard disk• 11% of world’s foundry wafer output• 16 wafer fabrication plants
Biomedical Sciences:Biopolis of Asia • Home to manufacturing facilities of 10 leading pharmaceutical companies• 25 Pharma and Biotech R&D centres• 2,000 researchers
Transport Engineering:Design, build & repair hub
• 70% of world’s jack-up oil rigs• Largest Asia Pacific location for Oil & Gas equipment manufacturing
Chemicals: One the largest refining &petrochemicals centre
• Jurong Island: integrated world class energy and chemical hub• Close to 100 leading global petroleum, petrochemicals and specialty chemicals companies
![Page 20: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/20.jpg)
Core Economic Principles
Source: World Bank “Doing Business 2010”
Source: World Bank “Doing Business 2010”Source: World Bank “Doing Business 2010”
![Page 21: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/21.jpg)
• Singapore is regional hub for many companies
• Breakfast meeting in Singapore, lunch meeting in KL and evening meeting in HK!
• Ang Mo factor• Feed the Beast• Stop in Middle East• Name Card
Opportunities
![Page 22: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/22.jpg)
• Set up a business in a day
• Must have one local director
• Legal System• Tax
Business Friendly
![Page 23: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/23.jpg)
• It is the world’s second most densely populated city right after Monaco
• Part of the four East Asian Tigers (with Hong Kong, South Korea and Taiwan)
• Mainly Chines then Malay, Indian and Others
• Everyone speaks two languages, English and…
An Inside Look
![Page 24: Tiger of Asia doing business in singapore](https://reader035.vdocuments.net/reader035/viewer/2022062617/54c2e17b4a7959fe1c8b46c8/html5/thumbnails/24.jpg)
Henry Mintzberg