SINGAPORE

Prof. Bikramjit Paul Batch-XIII, ITM, EMBA, Kharghar, Navi-Mumbai

 Presentation flow
 Introduction
• Geographic location
• Facts & Figures
• Why Singapore ?
 Total GDP and different sector
 Contribution of Service sector in GDP
 Different service sectors
Geographical location
 About Singapore
 Capital : City of Singapore
 Official languages : English (main), Malay (national), Chinese &
Tamil
 Area : Total 710.2 km2 (187th)
 Legislature : Parliament
 Population : 2009 estimate 4,987,600 (115th)
2000 census 4,117,700 
 Density : 6,814/km2 (3rd)
 Currency : Singapore dollar (SGD)
 Stock Exchange : Singapore Stock Exchange (SGX)
 5 C`s : Cash, Car, Credit card, Condominium, and
membership(s) of Country club
 GDP per capita : $52,000 (2008 est.)
 Why Singapore ?
 Economic Performance
• Singapore is ranked No.2 worldwide as the city with the best
investment potential for 14 consecutive years.
• Singapore is the world leader in foreign trade and investment.

 Competitiveness & Business Environment

• Singapore is ranked first for having the most open economy for
international trade and investment
• Singapore is the world's easiest place to do business
• Singapore is ranked the most competitive country in Asia - and is
No. 5 worldwide
• Singapore is rated to have the best business environment in Asia
Pacific and is No. 3 worldwide.
• Singapore is Asia's 3rd most "network ready" country.
 Why Singapore ?
 Business Legislation and Efficiency
• Singapore is ranked 2nd in the world and 1st in Asia for having
the best protection of intellectual property.
• Singapore is the least bureaucratic place for doing business in
Asia.
 Government
• Singapore is ranked 3rd in the world and 1st in Asia for having
the least corruption in its economy.
• Singapore is ranked as the 2nd most transparent country in
the world and it is the most transparent Asian country.
 Labour
• Singapore has the most motivated workforce in the Asia and is
ranked 3rd in the world.
• Singapore offers the best skilled labour in Asia Pacific.
• Singapore's labour regulations are the most business
conducive in Asia.
• Singapore has the best labour/employer relations in Asia.
 Free Trade Agreements
Singapore has 16 bilateral and multilateral trade agreements with 24
trading partners:
Association of Southeast Asian Cooperation Council for the Arab
Nations Free Trade Area (AFTA) States of the Gulf (GSFTA)
ASEAN-Korea (AKFTA) Hashemite Kingdom of Jordan (SJFTA)

ASEAN-Australia-New Zealand FTA China (CSFTA)

(AANZFTA)
ASEAN-China (ACFTA) India (CECA)
ASEAN-India (AIFTA) Japan (JSEPA)
ASEAN-Japan (AJCEP) Korea (KSFTA)
ASEAN-Korea (AKFTA) New Zealand (ANZSCEP)
Australia (SAFTA) Panama (PSFTA)
Peru (PESFTA) United States (USSFTA)
Trans-Pacific Strategic Economic Switzerland, Liechtenstein, Norway
Partnership Agreement (Brunei, New and Iceland (European Free Trade
Zealand, Chile, Singapore) Association) (ESFTA)
 Structure of Economy
 Goods Producing Industries
• Manufacturing
• Construction
• Utilities
 Services Producing Industries
• Wholesale & Retail Trade
• Transport & Storage
• Hotels & Restaurants
• Information & Communications
• Financial Services
• Business Services
 Overall Economy

Total GDP (Q1Q2Q3) =

1,84,764.9 million
dollars

Service Industry =
1,26,571.2 million
dollars

Service Sector 68.8

%

Reference : Ministry of Trade & Industry

Trend
 GDP

Reference : Ministry of Trade & Industry

 Transport & storage
 The transport and communications industry accounted for 12.5
per cent of services output in 1960, 17.2 per cent and 20.4 per
cent in 1980 and 2000 and 12 per cent in Q3-2009 (15,430
Million Dollars).
 Increased activities of the Port of Singapore Authority (PSA),
Singapore Airlines Ltd (SIA), Neptune Orient Lines (NOL) and
later Singapore Telecommunications (SingTel) helped to
stimulate growth in the services sector.
 Currently the world's busiest port in terms of total shipping
tonnage
 In 2008, total vessel arrivals in terms of shipping tonnage
crossed the 1 billion gross tons (GT) mark, establishing a new
record of 1.8 billion GT.
 Singapore continues to be a major flag state, with 4,323 ships
under the Singapore flag.
 In 2008, passenger traffic at Changi Airport reached a new high
of 36 million.
Reference : Ministry of Trade & Industry
Transport & storage
 Tourism Sector
 Visitor arrivals to Singapore reached 845,000 this month,
registering a 0.5% decline against October 2008.
 Average Occupancy Rate (AOR) was at 82.7% for October
2009, the highest for the year, posting a 0.8 percentage point
increase over October 2008.
 The tourism industry contributes three per cent to Singapore's
GDP and generates more than S$12 billion in tourism receipts.
 14,000 tourism jobs are available this year in new hotels, the
integrated resorts and tourism-related sectors.
 By the year 2015, the STB seeks to increase tourism's
contribution to the economy by tripling tourism receipts to
S$30 billion, doubling visitor arrivals to 17 million and creating
an additional 100,000 jobs in the services sector.

Reference : Ministry of Trade & Industry

 Tourism Sector

Reference : Ministry of Trade & Industry

 Financial services
 The existence in Singapore of many of the world’s largest and
most reputable financial institutions makes the country a leading
global wealth management and fund management center.

 Banking and finance account for more than 10% of Singapore’s

GDP, employing more than 5% of the country’s total labor force.

 Asian Dollar Market (ADM)- An important feature of the Singapore

financial landscape is the Asian Dollar Market. The ADM is an
international market for transactions in foreign currencies,
including all the world's major currencies. Since its launch in
1968, the Asian Dollar Market has grown from a modest US$30
million to the current US$991 billion as at Mar 2008.

 Majority of top European and American fund management

companies already have a presence in Singapore.
Reference : Ministry of Trade & Industry
 Financial services
 Singapore is the fifth largest FX (Foreign Exchange) centre in
the world and the second largest in Asia, close behind Tokyo
according to the survey by the Bank for International
Settlement (BIS). According to the BIS, average daily FX
turnover in Singapore jumped 84% from April 2004, to reach
US$231 billion in April 2007.

 Singapore has the largest stock market in South East Asia, with
a total of 770 companies having a total combined market
capitalization of S$671 billion as at Mar 2008. Of the 770 listed
companies, 39% were foreign listings, reflecting the growing
status of Singapore as the Asian Gateway, offering global
investors access to the dynamic and fast growing Asian

Reference : Ministry of Trade & Industry

 Information &
communication

Local & Export Market

Local 18127
Export 33556
Total 51683
Hardware and Software/IT Services
Market

Hardware 28,303
Software / IT Services 14,717
Telecommunications 9,034
Million Dollars Total 52,054
Source : Infocomm Development Authority of
 Reference
 www.singstat.gov.sg
 www.mti.gov.sg
 www.edb.gov.sg
 www.wikipedia.org
 Department of Statics & Survey
 Department of Ministry Trade & Industry
 Singapore Stock Exchange
Thank You !!!