Professional & Financial Sector SINGAPORE

Sector Call - 27 June 2016

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 Association of Southeast Asian Nations (ASEAN)
Overview

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 Singapore – Country Profile

 Small but wealthy City State (land area of 716.1km2)

 50 years of independence in 2015

We are
here!

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 Singapore – Key Stats

 Population: 5.54 million (as of Jun 2015)

 Singapore GDP per capita: US$ 52,764 (as of 2015)
 UK GDP per capita: US$ 40, 903 (as of 2015) Others
Indian
3%
 Unemployment rate: 1.9% (as of Mar 2016) 9%

 Inflation Rate: -0.5% (as of Apr 2016) Malay


14%
Literacy: 95.9%
 Multi-Racial & Multi Cultural society

Chinese
74%

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 Financial Services

 Tripe-A rated economy with strong growth

potential
 Financial Services and Insurance sector in
Singapore contributes to 12.6% of GDP
 Boasts well-established business infrastructure,
global connectivity and trade linkages
 Over 200 banks have a presence in Singapore,
and a growing number have chosen to base
their HQ here
 MAS - Monetary Authority of Singapore

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 Financial & Professional Services

 Fastest growing Wealth Hub

 Free Trade Environment
 SGX - Singapore Exchange
 Important Insurance Hub
 Private Banking
 Global Accounting Hub
 Legal Sector
 Ranked as the easiest place in the world to do
business for 10 consecutive years by the World
Bank

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 Professional Services

 Strong base of MNCs have established regional or global

headquarter functions in Singapore, aggregating sophisticated
demand for professional services
 MNCs centre high value-added activities such as IP and brand
equity management, M&A and IPOs in Singapore
 “Big 3” strategy houses – McKinsey, Bain & Company, and the
Boston Consulting Group (BCG)
 “Big 4” accounting houses – Deloitte, PricewaterhouseCoopers
(PwC), KPMG and Ernst & Young

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 Business Support Services –
How we can help
We are the appointed private sector lead delivery partner for UKTI to
support UK companies in their overseas expansion plans

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For more information please contact us:

Carole McCarthy
Business Services Manager
Phone: +65 6222 3552
Email: carole@britcham.org.sg

www.britcham.org.sg

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