Members:

Armada, Weanne Leigh

Avinado, Fred
Cargo, Angelica
Chavez, Shanadine
Macaludos, Edris Ryan
Morales, Shaneen Angelique
Waya, Nisreen Amerah
PILLARS OF THE
ECONOMY

3
FIVE PILLARS ECONOMIC
DEVELOPMENT
1) Macroeconomic Stability
2) Business Environment
3) Good Governance
4) Social Reforms
5) Environmental Management
 Achieving Macroeconomic
Stability
-It requires focusing on fiscal consolidation
measures through enhanced revenue
generation and expenditure management to
arrest the escalating public debt levels.

5
6
⮚ Singapore’s largest industry by far is the
manufacturing sector, which contributes
20%-25% of the country’s annual GDP. 

⮚ Key industry clusters in Singapore’s

manufacturing include electronics,
chemicals, biomedical sciences, logistics and
transport engineering. In the third quarter of
2017, the manufacturing sector grew by
35%, with clusters like electronics and
precision engineering benefiting from high
demand.  7
 Creating a Better Business
Environment
-Improving the investment environment in
the Philippines does not only require
establishing a sustainable fiscal position. It
embodies to make business less costly and
employs measures that improve
productivity.
8
⮚ The strong recovery context allowed the government
to put an end to the exceptional tax measures
adopted in order to combat the crisis. The present
priorities are to channel this strong growth, contain the
hike in real estate prices and fight against inflation
pressures. Mid-term objectives of promoting
innovation and research and productivity gains are
again pursued.

⮚ In order to maintain its competitive position despite the

growth of salaries, the government seeks especially to
promote activities with high added value (such as
biotechnology, R&D and pharmaceutical products) in
the manufacturing and service sectors.
9
 Main Indicators 2009 2010 2011 2012 2013
GDP (billions 183.33 222.70 253.74e 266.16 278.77
USD)
GDP (Constant -0.8 14.5 5.2e 4.4 4.3
Prices, Annual
% Change)
GDP per 36,112 43,117 48,286e 49,783 51,250
Capita (USD)
General -1.4 3.5e 1.8e 2.3 2.5
Government
Balance (in % of
GDP)
Inflation 0.6 2.8 3.3e 3.0e 2.3
Rate (%)
Unemployment 3.0 2.2 2.2 2.2 2.2
Rate (% of the
Labor Force)
Current 33.84e 42.86 46.22 49.47e -
Account (billion
s USD)
Current 19.1e 22.0e 22.4 22.7 -
Account (in %
of GDP)

Source: IMF - World Economic Outlook Database

10
Establishing Good Governance
and Strong Institutions
-With increased pressure to create efficient
markets and attract investments,
governments are now compelled to build
better institutions and to incorporate good
governance in policy and program
implementation.
11
⮚ Singapore's good governance has effective policies
and indicators implemented by the People's Action
Party (PAP) government assessing its performance.

⮚ Economic Strategies & Interventions of Singapore

today exhibits many of the traits of a true free-
market economy: very few tariffs, no foreign
exchange controls, few restrictions on private
enterprise or investment, and no limits on profit
remittances or capital repatriation.

⮚ Singapore Government’s economic policies have

varied according to the exigencies of the times, it
has pursued a largely state-directed model of
economic development.
12
 Instituting Social Reforms to
Improve Equity
-Economic growth alone cannot sufficiently
address the issue of inequitable distribution
of wealth. Economic policies should be
complemented with the appropriate social
reform policy interventions which empower
the individual to be productive agents in the
economy, and ultimately, in society.
13
14
⮚ Successful education policies have played a key
role in the economic success of Singapore that
consistently score high on international
assessments of educational achievement.
Economic development brings new challenges to
educational systems, as growing inequalities in
income and opportunities call for new
approaches.

⮚ It has been progressive & beneficial. Singapore

is widely admired for its efficient economy and
government capacity for long-term planning,
successful policy implementation and
commitment to corruption-free administration.  15
 Managing the Environment
- Poor environmental conditions caused by
poor sanitation, air and water pollution
undermine the ability of the country's poor
to pursue economic opportunities.

16
17
⮚ Singapore develops itself into a regional hub
for oil and gas, as well as a world leader in
sustainable water solutions and projects such
as NEWater and the Deep Tunnel Sewerage
System. ("The used water collection and
purification project will have 100 years of
maintenance-free design life.“)

⮚ It will reduce manpower and energy

requirements. Advanced technology will be
used to generate less sludge, thus reducing
the cost of sludge disposal.
18
⮚ Singapore continually seeks to improve water
resiliency and the Singapore's Deep Tunnel
Sewerage System (DTSS) is a cost-effective
solution that allows for efficient, large-scale
water recycling. It is designed to efficiently
recycle used water with minimal environmental
pollution

19
GROSS DOMESTIC PRODUCT
(GDP) GROWTH RATE
FORECAST
SINGAPORE AND PHILIPPINES
DBS GROUP HOLDINGS
LTd
 WHAT IS DBS?
● DBS Group Holdings Ltd is a Singaporean
Multinational banking and financial services corporation
headquartered in Marina Bay, Singapore and established
in 1968. The company was known as The Development
Bank of Singapore Limited, before the present name was
adopted on 21 July 2003 to reflect its changing role as a
global bank
● Provides financial products and services in Singapore,
Hong Kong, rest of Greater China, South and Southeast
Asia, and internationally. It operates through Consumer
Banking/Wealth Management, Institutional Banking,
Treasury Markets, and Others segments.
Reference:
https://www.statista.com/st
atistics/1134629/dbs-grou
p-holdings-total-assets/
 PRODUCTS AND SERVICES
● Consumer Banking/Wealth Management segment
- offers banking and related financial services, including
current and savings accounts, fixed deposits, loans and
home finance, cards, payments, investment, and insurance
products for individual customers.
 PRODUCTS AND SERVICES
● Institutional Banking segment
- provides financial services and products for bank and non-bank financial
institutions, government-linked companies, large corporates, and small and
medium sized businesses. 
 PRODUCTS AND SERVICES
● The Treasury Markets segment
- is involved in structuring, market-making, and trading
in a range of treasury products.
DBS Treasury & Markets (T&M) extends a broad range of
capabilities ranging from trading, structuring and sales
in foreign exchange, interest rates, money market,
credit, equity, commodities, bonds, derivatives and
securities.
 PRODUCTS AND SERVICES
• Renewable Energy
Financing

DBS Bank has provided a

SGD40 million loan facility to
Sembcorp Industries (Sembcorp)
to build a 60 megawatt-peak
(MWp) floating solar photovoltaic
(PV) system on Tengeh
Reservoir in Tuas. The bank is
the sole financier for the project.
Covid-19 Cases in
Singapore
INTERVENTIONS
ON COVID-19