Executive Csummary

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

lfcd economy from historical, current, and future perspectives. The report also includes
lfcd 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
lfcd needed to identify new growth opportunities and operate their business successfully
lfcd in this market. This report will save hundreds of hours of reader own personal
lfcd lfcd lfcd lfcd lfcd lfcd lfcd lfcd lfcd lfcd lfcd lfcd lfcd
lfcd research time and will significantly benefit reader in expanding their business in this
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lfcd 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
lfcd information. This report fulfills this core need and is an indispensable reference
lfcd guide for investors, entrepreneur, and many more that operate in this market.
Introduction lfc
In a global economy dominated by huge industrial powers, the city-state of

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

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

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

lfcd electronics, technology and pharmaceuticals. lfcd lfcd lfcd lfcd lfcd Although these sectors remain a lfcd lfcd lfcd lfcd
lfcd cornerstone of the economy, the recent growth of the financial services sector has
lfcd been more notable. Singapore has been a part of the World Trade Organisation
lfcd (WTO) since its inception in 1995, and has maintained low barriers to trade as part
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lfcd 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
lfcd more suitable to be invested than others. Those who invest in such business
lfcd industries will be sure to see many financial benefits coming their way. The
lfcd following are some of the most suitable industries to be invested in Singapore
lfcd today:
Financial Technology (Fintech) lfcd lfcd
Singapore has the status of being one of the world’s financial hubs. This fact holds
lfcd true with regard to financial technology (fintech). In recent years, the size of the
lfcd fintech industry in Singapore has grown tremendously. Due to the implementation
lfcd of many incentives from the government as well as individual financial institutions,
lfcd cashless payments have become extremely common today. The many e-wallets
lfcd available in Singapore facilitate such payments. Therefore, the fintech industry of
lfcd Singapore has huge potential for profitability. lfcd lfcd lfcd lfcd lfcd
Freelance Economy lfcd
Many people in Singapore have chosen to join the rapidly expanding freelance
lfcd economy. The increase in the influence of social media has done much to
lfcd facilitate interaction between freelance workers and their clients. This fact applies
lfcd regardless of the line of work in which the freelancer inhabits. Freelancers who have
lfcd a significant network of clients can also leverage this large client base to their
lfcd advantage, resulting in even more profits and revenue. lfcd lfcd lfcd lfcd lfcd lfcd lfcd
According to the latest set of statistics, there are approximately 200,000 freelancers
lfcd who work in Singapore today. Freelancers comprise approximately 9% of all

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

lfcd 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
lfcd time. For this reason, all who intend to become freelancers in Singapore must have
lfcd high levels of self-discipline and be able to manage time and money well in order
lfcd to ensure that they make significant profits.

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

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

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

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

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

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

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

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

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

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

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

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Executive lfcSummary lfc

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

lfcd 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

lfcd most favorable business locations in the world.

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

lfcd of an outward looking open economy.

Financial Technology (Fintech) lfcd lfcd

Freelance Economy lfcd

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

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

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

lfcd to ensure that they make significant profits.

Health and Fitness lfcd lfcd

lfcd different disciplines. lfcd

Medical Industry lfcd

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

lfcd be used by the healthcare professionals of Singapore.

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

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

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

lfcd education and hardworking citizen are contributing factors.

lfcd world, lfcd available lfcd at: lfchttps://www.straitstimes.com/lifestyle/singapore-is-most-

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

lfcd Largest Export Economy, available at: lfchttps://commodity.com/singapore/ lfc

lfcd https://www.statista.com/statistics/378643/unemployment-rate-in-singapore/ lfc

lfcd and lfcd IT lfcd talent? lfcd Available lfcd at:

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