Executive Csummary

Executive jfcSummary jfc
I have analyzed the political, economic, social, technological, legal, and environmental
jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd
jfcd factors of Singapore and have come up with a comprehensive research report,
jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd
jfcd “PESTLE Analysis of Singapore.” This report provides an analysis of Singapore’s

jfcd economy from historical, current, and future perspectives. The report also includes
jfcd the suitable business industry to be launched/invested in Singapore.

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This unique report will provide reader with valuable information, insights, and tools
jfcd needed to identify new growth opportunities and operate their business successfully
jfcd in this market. This report will save hundreds of hours of reader own personal
jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd
jfcd research time and will significantly benefit reader in expanding their business in this
jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd
jfcd market. In today’s complex economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful
jfcd information. This report fulfills this core need and is an indispensable reference
jfcd guide for investors, entrepreneur, and many more that operate in this market.
Introduction jfc
In a global economy dominated by huge industrial powers, the city-state of

jfcd Singapore has created its competitive niche as a destination for regional
jfcd headquarters, branch offices and holding companies for doing business all across
jfcd Asia.
Singapore offers foreign investors a highly skilled workforce, English-speaking business

jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd
jfcd environment, business-friendly legal and tax systems, immense logistics and jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd
jfcd transportation capacities, and over sixty double taxation avoidance agreements,
jfcd among other advantages. Furthermore, the city-state consistently takes measures to
jfcd align its policies with the international standards emanating from the World Trade
jfcd Organization, the Organization for Economic Co-operation and Development, and
jfcd even issue-centric organizations like the International Accounting Standards Board.
Singapore has consistently been ranked first on the World Bank’s Ease of Doing
jfcd Business Index, with particular strengths in “protecting investors” and “trading
jfcd across borders.” In fact, the city-state runs in such an efficient, business-friendly
jfcd manner that it has been said to run like a corporation itself; “Singapore Inc.”
Singapore’s excellent strategic location and highly open economy make it attractive
jfcd for companies looking to conduct business here. Furthermore, Singapore has a stable
jfcd political environment, low taxes and a highly skilled workforce making it one of the
jfcd most favorable business locations in the world.

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Singapore’s economy is heavily dependent on exports, with a particular focus on

jfcd electronics, technology and pharmaceuticals. jfcd jfcd jfcd jfcd jfcd Although these sectors remain a jfcd jfcd jfcd jfcd
jfcd cornerstone of the economy, the recent growth of the financial services sector has
jfcd been more notable. Singapore has been a part of the World Trade Organisation
jfcd (WTO) since its inception in 1995, and has maintained low barriers to trade as part
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jfcd of an outward looking open economy.

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In Singapore, just as is the case anywhere else in the world, certain industries are
jfcd more suitable to be invested than others. Those who invest in such business
jfcd industries will be sure to see many financial benefits coming their way. The
jfcd following are some of the most suitable industries to be invested in Singapore
jfcd today:
Financial Technology (Fintech) jfcd jfcd
Singapore has the status of being one of the world’s financial hubs. This fact holds
jfcd true with regard to financial technology (fintech). In recent years, the size of the
jfcd fintech industry in Singapore has grown tremendously. Due to the implementation
jfcd of many incentives from the government as well as individual financial institutions,
jfcd cashless payments have become extremely common today. The many e-wallets
jfcd available in Singapore facilitate such payments. Therefore, the fintech industry of
jfcd Singapore has huge potential for profitability. jfcd jfcd jfcd jfcd jfcd
Freelance Economy jfcd
Many people in Singapore have chosen to join the rapidly expanding freelance
jfcd economy. The increase in the influence of social media has done much to
jfcd facilitate interaction between freelance workers and their clients. This fact applies
jfcd regardless of the line of work in which the freelancer inhabits. Freelancers who have
jfcd a significant network of clients can also leverage this large client base to their
jfcd advantage, resulting in even more profits and revenue. jfcd jfcd jfcd jfcd jfcd jfcd jfcd
According to the latest set of statistics, there are approximately 200,000 freelancers
jfcd who work in Singapore today. Freelancers comprise approximately 9% of all

jfcd residents who are employed in Singapore. As Singapore’s freelance economy

jfcd continues to strengthen, this figure is only expected to increase significantly.

It should be noted, however, that on occasion freelancers are sometimes not paid on
jfcd time. For this reason, all who intend to become freelancers in Singapore must have
jfcd high levels of self-discipline and be able to manage time and money well in order
jfcd to ensure that they make significant profits.

Health and Fitness jfcd jfcd
The fitness industry in Singapore is among the most rapidly-evolving in the country.
jfcd Today, large, well-known gym chains are no longer the primary options of regular
jfcd gym-goers. This is because Singaporean gym-goers of today have become more
jfcd interested in different and somewhat unusual fitness options. Boutique fitness
jfcd businesses in particular have begun to thrive in the current Singaporean fitness
jfcd scene.
Tech start-ups have also been working with the Singaporean health and fitness
jfcd industry, and such collaborations have boosted the reputation and profitability of
jfcd both Singapore’s tech and fitness industries. Such start-ups have understood the
jfcd change in tastes of the modern Singaporean gym-goer. They have created programs
jfcd which enable their users to sample a variety of fitness activities which span many
jfcd different disciplines. jfcd
Medical Industry jfcd
Singapore’s medical industry is held in high regard all over the world. According to
jfcd the official Health Care Rankings, the country’s medical system is ranked sixth in the
jfcd world and first in Asia. The Singaporean government has been attempting to boost
jfcd this reputation by increasing its expenditure on healthcare. The increased level of
jfcd expenditure jfcd will jfcd be jfcd channeled jfcd towards jfcdgeneral jfcd and jfcd community jfcd hospitals,
jfcd polyclinics, eldercare centers, and nursing homes. For this reason, the demand for
jfcd people who work in the healthcare and medical industry is expected to increase.
The manufacturing of medical products is expected to grow exponentially in order to

jfcd support the country’s healthcare industry. For this reason, the industry requires the
jfcd input of researchers and engineers who will be able to design equipment which will
jfcd be used by the healthcare professionals of Singapore.

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Recommendation jfc
Although Singapore is a secure investment haven with stable economics and low risk,
jfcd it comes with it the higher cost of investment. The combination of limited land,
jfcd funneled labour and imported resources brings up the cost of business in Singapore
jfcd by a significant margin, and has to be contemplated by any business owner before
jfcd vesting any capital. Opportunity for a supernormal return in Singapore is mitigated
jfcd by the high start-up costs incurred. Low risk, low return.
As a retail market by itself, the population numbers in Singapore are definitely

jfcd insufficient to sustain a fast-growing corporation. But to use Singapore as a nexus to

jfcd reach out to the South-East Asian market is a much more plausible strategy to
jfcd consider.
Conclusion jfc
After analyzing all these factors, It is clear that Singapore is a remarkable country.
jfcd It houses talented and motivated people. It also provides great business
jfcd opportunities. I can conclude that its business success in both domestic and jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd jfcd
jfcd international platforms is highly benefited by government policies. Its enterprise

jfcd friendly approach boosts business as well. Singapore’s continuing development has
jfcd made it a major competitor in the international market. The compulsory primary
jfcd education and hardworking citizen are contributing factors.

References
BBC jfcd (2018) jfcd Singapore jfcd country jfcd profile, jfcd available jfcd at:
jfchttps://www.bbc.co.uk/news/world-asia-15961759 jfc
Bock, H. (2019) Singapore is most beautiful city in Asia, 11th most beautiful in the
jfcd world, jfcd available jfcd at: jfchttps://www.straitstimes.com/lifestyle/singapore-is-most-

beautiful-city-in-asia-11th-most-beautiful-in-the-world jfc
EDB Singapore (2018) Singapore flexes its standing as Asia’s technology capital,
jfcd available jfcd at: jfcd https://www.edb.gov.sg/en/news-and-

events/insights/innovation/singapore-flexes-its-standing-as-asias-technology-capital.html
jfc
Human jfcd Rights jfcd Watch jfcd (2019) jfcd Singapore, jfcd available jfcd at:
jfchttps://www.hrw.org/asia/singapore jfc
Pines, L. (2019) Singapore’s Top 5 Exports & Imports: Why It’s The World’s 14th
jfcd Largest Export Economy, available at: jfchttps://commodity.com/singapore/ jfc

jfcd jfcd jfcd jfcd
Plecher, H. (2019) Singapore: Unemployment rate from 1998 to 2018, available at:
jfcd https://www.statista.com/statistics/378643/unemployment-rate-in-singapore/ jfc
Quek, C. (2019) Commentary: The future is tech but where is Singapore’s engineering
jfcd and jfcd IT jfcd talent? jfcd Available jfcd at:

jfchttps://www.channelnewsasia.com/news/commentary/singapore-deep-technology-
talent-scheme-foreign-it-enginneering-11870930 jfc
US jfcd News jfcd (2018) jfcd Overview jfcd of jfcd Singapore, jfcd available jfcd at:
jfchttps://www.usnews.com/news/best-countries/singapore jfc

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Executive jfcSummary jfc

jfcd “PESTLE Analysis of Singapore.” This report provides an analysis of Singapore’s

jfcd the suitable business industry to be launched/invested in Singapore.

In a global economy dominated by huge industrial powers, the city-state of

Singapore offers foreign investors a highly skilled workforce, English-speaking business

jfcd most favorable business locations in the world.

Singapore’s economy is heavily dependent on exports, with a particular focus on

jfcd of an outward looking open economy.

Financial Technology (Fintech) jfcd jfcd

Freelance Economy jfcd

jfcd who work in Singapore today. Freelancers comprise approximately 9% of all

jfcd residents who are employed in Singapore. As Singapore’s freelance economy

jfcd continues to strengthen, this figure is only expected to increase significantly.

jfcd to ensure that they make significant profits.

Health and Fitness jfcd jfcd

jfcd different disciplines. jfcd

Medical Industry jfcd

The manufacturing of medical products is expected to grow exponentially in order to

jfcd be used by the healthcare professionals of Singapore.

As a retail market by itself, the population numbers in Singapore are definitely

jfcd insufficient to sustain a fast-growing corporation. But to use Singapore as a nexus to

jfcd international platforms is highly benefited by government policies. Its enterprise

jfcd education and hardworking citizen are contributing factors.

jfcd world, jfcd available jfcd at: jfchttps://www.straitstimes.com/lifestyle/singapore-is-most-

jfcd available jfcd at: jfcd https://www.edb.gov.sg/en/news-and-

jfcd Largest Export Economy, available at: jfchttps://commodity.com/singapore/ jfc

jfcd https://www.statista.com/statistics/378643/unemployment-rate-in-singapore/ jfc

jfcd and jfcd IT jfcd talent? jfcd Available jfcd at:

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