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Singapore, your
partner into Asia
Gwyneth Tan
Centre Director, Moscow Overseas Centre
17 May 2016, Delovaya Rossiya, Moscow, Russian Federation
4. Fast facts:
Size: 719.1 km2 (1/3 the size of Moscow)
Population diversity: 5.54 million residents
Languages: English – Official working language
Malay – National language
Source: Singapore Department of Statistics.
60%
Citizens
(3.3 million)
40%
Naturalised foreigners and
foreigners
(2.2 million)
5. We have been independent since 9 August 1965.
We maintain friendly relations with all countries.
We are not China.
8. 1961 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016
GDP/Capita(US$’000)
Labour
Intensive
50
45
40
35
30
25
20
15
10
5
0
Skills
Intensive
Capital Technology
& Services
Intensive
Knowledge
& Innovation
Intensive
8
Economic transformation since independence
Source: World Bank,
April 2013, DOS
*2005 Constant
International Prices
9. Economic indicators and business rankings
GDP:
US$292.8 billion (current market prices)
GDP per capita:
US$52,888
Total FDI:
US$7.362 trillion (2014)
Total external trade:
US$614 billion (2015)
Total offshore trade - US$1.33 trillion (2013) – 4.5x GDP
Top 5 trading partners:
China, Malaysia, EU28, US, Indonesia
Russia is Singapore’s 21st place trading partner
Source: Singapore Department of Statistics.
• #1 Asian City of Opportunity
PwC, Cities of Opportunities 2014
• #3 Global City of Opportunity
PwC, Cities of Opportunities 2014
• #1 City in the World with Best
Investment Potential
BERI Report, April 2015
10. 10
Singapore’s Direct Investment Abroad (DIA) reached
almost S$620 billion in 2014
DIA
Year
600
550
500
450
400
350
300
250
200
150
100
50
0
S$ Billion
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
425
154
180
202
246
312
147
318
Growth in 2014
23%
447
370
485
504
Source: Department of Statistics
620
11. 11
Singapore’s DIA as a % of GDP far exceeds the world’s
DIA as % of GDP
Source: UNCTAD Statistics, 2014
Figures in US$
Singapore
World
21.1% 23.6% 24.6% 24.8%
28.7% 31.7%
25.1%
31.3% 31.2% 29% 30.6% 32.5% 31.8%
89% 91% 93% 94%
104%
117% 115%
132% 132% 129%
136%
143%
160%
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
140.00%
160.00%
180.00%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
World Singapore
13. Trade as a % of GDP
World
Singapore
13
Singapore’s external trade far outstrips GDP
Source: World Databank
Figures in US$
39.4% 38.1% 38.3% 39.7% 47.8% 49% 51.7%
42.2% 47% 50.7% 50.4% 50.1% 49.1%
286.3%
305.3%
325.9%
337.5% 345.1%
312.1%
341.1%
267.1%
279.8% 281%
272%
259.7%
251.7%
0.00%
50.00%
100.00%
150.00%
200.00%
250.00%
300.00%
350.00%
400.00%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
14. Thailand
S$29.6 bn
3.3%
Total trade
S$884.1 billion/
US$643.0 billion
Others
S$205.7 bn
23.3%
China
S$123.5 bn
14%
Malaysia
S$97.3 bn
11.0%
EU 28
S$90.5 bn
10.2%
Hong Kong
S$58.2 bn
6.6%
Taiwan
S$53.8 bn
6.1%
Korea, Rep of
S$44.9 bn
5.1%
Japan
S$46.5 bn
5.3%
Indonesia
S$58.7 bn
6.6%
US
S$75.5 bn
8.5%
14
Singapore’s key trading partners in 2015
Source: IE Singapore, January 2015
15. Tuas waste-to-energy plantPublic sector
Public Private Partnership
Long-term partnering relationship between the public and private sectors to deliver services.
Test-bedding
A conducive environment to rollout new solutions for testing and refinement with both the
public and private sector before expanding into Asia and globally.
Electric car infrastructure
Internationalisation
With the expertise, Singapore companies then exports its solutions and products
overseas.
Public sector
15
Singapore’s success model
Private sector
Private sector
16. Financial Services Real Estate Aerospace
Chemicals & Energy Education Electronics
Engineering Services Environment & Water
Healthcare Infocomm Technology Lifestyle
Medical Technology Pharmaceuticals &
Biotechnology Precision Engineering
Professional Services Transport & Logistics
16
Key Industries in Singapore
17. Singapore’s economic development is looked after
by the Singapore Ministry of Trade and Industry.
Inward investment
and overall
development of the
enterprise
ecosystem in
Singapore
Increase
productivity
of domestic
non-tradable
sector
Fostering world-
class scientific
research and
nurturing scientific
talent to develop a
vibrant knowledge
based Singapore
Developing Singapore’s
external economic wing
through trade and
overseas expansion
18. IE Singapore serves our economy through our global
network
AMERICAS
Los Angeles
Mexico City
New York
São Paulo
Singapore HQ + 39 offices worldwide
EUROPE
Frankfurt
Istanbul
London
Moscow
MIDDLE EAST
& AFRICA
Accra
Abu Dhabi
Doha
Dubai
Jeddah
Johannesburg
Riyadh
CHINA
North China
Beijing
Dalian
Qingdao
South China
Guangzhou
Wuhan
East China
Shanghai
West China
Chengdu
Chongqing
Xian
NORTH ASIA
& PACIFIC
Seoul
Sydney
Taipei
Tokyo
SOUTH ASIA
Chennai
Mumbai
New Delhi
SOUTHEAST
ASIA
Bangkok
Hanoi
Ho Chi Minh City
Jakarta
Kuala Lumpur
Manila
Surabaya
Yangon
19. Our Mission
To promote overseas growth of
Singapore-based enterprises
and international trade
Our Vision
A thriving business hub with
globally competitive enterprises
and leading international traders
19
IE Singapore’s mission & vision
20. 20
Our history
1983
Singapore Trade Development
Board (TDB) formed to develop
Singapore as an international trading
hub and promote the nation’s goods
and services.
• Export promotion
• Trade policy
• Lobby for free trade
• Secure market access
Singapore’s Economic Transformation
1965
Independence
1970s
Creating jobs
1980s
Building infrastructure/
Developing industries
1990s
Investing in
technology
2000s
Focus on
innovation,
knowledge, R&D
2002
To compete more effectively, another key
thrust identified under Singapore's new
economic strategy, namely to help
Singapore-based companies
internationalise and
grow in the global market.
TDB renamed International
Enterprise Singapore to
reflect her new focus on
the external economy.
• Internationalisation
• International Trade
22. “International experts predict that
Asia will account for more than
half of global gross domestic
product by 2050”
The Asian Development Bank (May 2011)
22
23. 23
Global demand shifting towards Asia
ROW
22% 2020
G7
63%
BRIC
14%
G7
49%
BRIC
27%
ROW
24%
2009
Source: World Economic Forum
24. Asia will have an urban population of 2.6 billion by 2030
3000
2500
2000
1500
1000
500
0
1975 2000 2030
Urban population (Millions)
Asia’s growing
urban population
24%
37%
1.4 billion
54%
2.6 billion
24
Rapid urbanisation process in Asia
Source: World Population Prospects: The 2002 Revision
25. will be added to China’s urban population by
2025 – more than the population of today’s
United States
350million
people who will live in China’s cities by 2030
1billion
Chinese cities will have 1 million + people
living in them – Europe has 35 today
221
Square metres of road will be paved
5billion
Mass-transit systems could be built
170
square metres of floor space will be built –
in five million buildings
40billion
of these buildings could be skyscrapers –
the equivalent of constructing up to ten
New York cities
50,000
– the number by which GDP will have
multiplied by 2025
5times
China’s urbanisation by 2025
25
1 billion people will live in China’s cities by 2030
Source: McKinsey
26. Asia’s fastest growing middle class
0 1 2 3 4 5 6 7
East Asia
Eastern Europe
Latin America
Middle East/North Africa
South Asia
Sub-Saharan Africa
Middle class, % of world income
2030
2000
3X
13X
26
Growth of the middle class in Asia
Source: World Bank
27. 2011 GDP 2012 GDP 2013 GDP Ave Growth
Weighted Growth Weighted Growth Weighted Growth
SEA 5.42% 5.62% 5.76% 5.60%
South Asia 8.19% 7.86% 8.04% 8.03%
China 9.59% 9.54% 9.49% 9.54%
NAP 2.34% 2.68% 2.55% 2.52%
MEA 5.73% 5.34% 5.13% 5.40%
Europe 2.07% 2.35% 2.40% 2.27%
Americas 2.73% 3.29% 3.14% 3.05%
2006 2007 2008 2009 2010 2011
12
10
8
6
4
2
0
-2
-4
-6
-8
-10
Emerging and
developing economies
World
Advanced
economies
World
Emerging and
developing economies
Advanced economies
27
A changing world
Source: IMF, October 2012
28. 44
11.5
6.5
1.4
1
2.9*
3.4*
4.9*
7
5.4 11.5
0.7
Asia is moving beyond
exporting to the West.
Today its ports mainly
handle cargo moving
within the region.
INTRA-
EUROPE
EUROPE-
ASIA
INTRA-
AFRICA
ASIA-
EUROPE
ASIA-
MIDDLE EAST INTRA-ASIA NORTH
AMERICA-ASIA
INTRA-
NORTH
AMERICA
ASIA-NORTH
AMERICA
ASIA-
AUSTRALIA
ASIA-SOUTH
AMERICA
INTRA-
SOUTH
AMERICA
These numbers
represent millions
of “twenty-foot
units” – a measure
of volume roughly
equal to the size of
a shipping
container.
28
Why trade with Asia? The rise of China and intra-Asia
trade flows
44% of global trade flows are intra-Asia
Source: HBR, Jun 11
*Combined traffic in both directions
30. 30
Over half of Singapore’s overseas investments
are headed to Asia
Asia
The most popular
destination of
Singapore
companies
investing abroad
Singapore is the …
#2 largest investor in China
#2 largest investor in India
Largest investor in intra-ASEAN
As of December 2014, Singapore’s cumulative investments in China
was US$72.3 billion
Singapore’s cumulative investments in India was US$29.8 billion
from April 2000 to December 2014.
Singapore, as compared to other ASEAN countries, is the largest
investor in fast growing Southeast Asia markets such as Malaysia,
Indonesia and Vietnam
Source: National statistical offices and investment boards
33. Sichuan
Guangzhou
Suzhou
Tianjin
33
Singapore’s platform projects in China serve as
gateway for Singapore and international companies’
entry into China
Singapore-Sichuan
High-Tech Innovation Park
Sino-Singapore Guangzhou
Knowledge City
Sino-Singapore
Tianjin Eco City
China-Singapore Suzhou
Industrial Park
34. 34
Sino-Singapore Tianjin Eco-city:
A landmark bilateral project between
Singapore and China
The beginning
of the journey
First batch of
85,000 residents
expected to move
in by early 2012
4 sq km Start-up Area
completed by 2013
30 sq km to be
completed in
10-15 years
Tianjin
Eco-city
Envision to create
an eco-friendly
and sustainable
urban city
comprising of
community,
commercial,
industrial and
residential projects.
35. 35
Quality business platforms in Tianjin Eco-city
support and drive international partnerships
Eco-Industrial Park
Eco-CBD
Eco-Business Park
• A 51.5-hectare park expected to ground break in end-2011
• To be developed into an IT cluster over a period of 3-4 years
Pan Asian
Holdings Limited
Eco-Information Park
39. Singapore is the key gateway to Asia’s growing markets
21 FTAs/EPAs
41 IGAs
76 DTAs
International
Trading
Community
Financial
Hub
Bi-cultural
Workforce
Excellent
Business
Infrastructure
Global
Connectivity
39
40. Partner Singapore into Asia through our…
Connected
Marketplace
Robust
Financial
Centre
Efficient
Business
Environment
Asia Savvy
Companies
• Home to over 37,400 MNCs
• Key gateway between resource rich regions of South East Asia and
Australia, as well as China, India, and ASEAN
• World-class transport and logistics infrastructure
• Network of international tax and investment protection agreements
• Largest corporate banking centre in Asia with over 170 banks
• Deep and liquid capital markets with 60% of Asia’s bond issuance in 2011
• 3rd largest FX trading centre
• Asia’s wealth management hub
• World’s easiest place to do business
• Efficient, reliable, clear and fair legal system
• Asia’s top dispute resolution centre
• Educated and English proficient workforce
• More than 100 Singapore companies with deep and wide footprint and
networks in Asia as key partners
• In various sectors from environment and energy, offshore oil and
marine, transport and logistics, urban solutions sectors, e-retail,
consumer, manufacturing, etc.
1
3
2
4
4
41. Connected
Marketplace
• Home to over 37,400 MNCs
• Key gateway between resource rich regions of South East Asia and
Australia, as well as China, India, and ASEAN
• World-class transport and logistics infrastructure
• Network of international tax and investment protection agreements
1
4
Partner Singapore into Asia through our…
42. Singapore is strategically located in the heart of Asia:
Over 3.1 billion market catchment within 7 hours flight
India
#1 Rice Exporter
#3 Coal Producer
#4 Coal Importer
#4 Iron Ore Producer
China
#1 Steel Producer
#1 Coal Producer
#1 Zinc Producer
#1 Iron Ore Importer
#1 Wheat Consumer
#1 Soybean Consumer &
Importer
#2 Corn Consumer
Australia
#1 Iron Ore Exporter
#2 Coal Exporter
#2 Zinc Producer
#2 Wheat Exporter
#3 Nickel Producer
Source: USDA, USEIA, USGS 2013, Others
Thailand
#1 Natural Rubber Producer
#2 Rice Exporter
#4 Sugar Producer
Indonesia
#1 Coal Exporter
#2 Natural Rubber Producer
#4 Nickel Producer
Japan
#1 LNG Importer
#1 Coal Importer
#1 Corn Importer
#2 Steel Exporter
#3 Crude Oil Importer
South Korea
#3 Coal Importer
#3 Corn Importer
Connected Marketplace
43. Businesses based in Singapore enjoy easy trade access
with the whole of ASEAN, the world’s top 3 growth markets.
Connected Marketplace
44. • More than 100 airlines flying to
250 cities in 60 countries around
the world
• World’s busiest port with 200
shipping lines that have links to
more than 600 ports in over 120
countries worldwide
• Home to 6,000 logistics
providers
• Developed info-communications
infrastructure
Move your freight through Singapore’s transport and
logistics networks: Our companies are linked to all
parts of Asia through land, air, sea, and
telecommunications
Connected Marketplace
45. Minimize your tax barriers with our 74 DTAs.
74 Double Taxation Avoidance Agreements
Singapore:
74 DTAs
Hong Kong:
29 DTAs
DTA Comparison
Number of
Countries/territories:
Connected Marketplace
46. Singapore companies and
nationals are protected against
non-commercial risks, e.g.
expropriation and civil strife
when investing in these
countries.
Investment Chapters
Australia
China
New Zealand
EFTA: Norway, Switzerland,
Iceland & Liechtenstein
India
Japan
Jordan
Korea
Panama
Peru
USA
42 Investment Guarantee Agreements
Protect your overseas investments with our 42 IGAs
and 11 Investment Chapters
46
Connected Marketplace
47. Reduce your trade barriers through Singapore’s
extensive network of FTAs
47
New Zealand
Over 20 Free Trade Agreements in force
ASEAN Japan ESFTA – Switzerland,
Liechtenstein, Norway,
Iceland
Australia United States
of America
ASEAN – China Jordan India Korea TPFTA – Brunei, Chile,
New Zealand
Panama
ASEAN – Korea China ASEAN – Japan Peru ASEAN – India
ASEAN – Australia
& New Zealand
Gulf Cooperation
Council
Costa Rica
Connected Marketplace
48. Over 37,400 multinationals made Singapore their regional
headquarters and partnered Singapore companies into Asia.
Connected Marketplace
49. Bilateral agreements and platforms are in place
between Russia and Singapore to promote greater
mutual business cooperation
Avoidance of Double Taxation Agreement (DTA)
Entered into force in 2009
Investment Promotion and Protection Agreement (IPPA)
Entered into force in 2012
Intergovernmental Commission (IGC)
Annual meeting co-Chaired by Russia’s 1st DPM Igor Shuvalov and Singapore’s DPM
Tharman Shanmugaratnam
Connected Marketplace
Russia Singapore Business Forum (RSBF)
Annual flagship business event between Russia and Singapore driven by IE
Singapore and graced by Russia’s 1st DPM Igor Shuvalov and Singapore’s DPM
Tharman Shanmugaratnam. Usually twinned with IGC.
50. Robust
Financial
Centre
• Largest corporate banking centre in Asia with over 170 banks
• Deep and liquid capital markets with 60% of Asia’s bond issuance in 2011
• 3rd largest FX trading centre
• Asia’s wealth management hub
2
5
Partner Singapore into Asia through our…
51. Deep commercial banking set up with over 170 supporting banks
Top asset management location with >US$2.1 trillion of assets under management1
3rd largest foreign exchange trading center in the world by Bank for International
Settlements
>US$380 billion average daily volume
Deep and liquid capital markets which has raised over US$1 trillion via debt and
equity
Only Asian country with “AAA” rating
1Source: SGX
Expand your Asian trade and investments through
Singapore’s deep and liquid financial market
Robust Financial Centre
52. 775 listed companies and market capitalization of US$743 billion
Examples of global companies listed on Singapore Exchange: Hutchinson Port Holdings
(US$5.5 billion), Jardine Matheson
Commodities companies listed in Singapore include Wilmar, Noble, Olam and more recently
Bumitama (palm oil) and Geo Energy (coal).
Source: SGX
Singapore is Asia’s most international equity listing
venue
Robust Financial Centre
53. 1,500 listed debt securities from 36 countries in 20 currencies
S$800 billion raised; US$22 billion bonds raised in 2013
Examples:
Louis Dreyfus: US$350 million perpetual bonds (4X oversubscribed) in 2012
Gunvor: US$500 million 5-year bonds in 2013
Trafigura: US$500 million perpetual bonds (5X oversubscribed) in 2013; US$200 million
perpetual bonds in 2014
Source: SGX
Singapore is Asia’s leading listing venue for
international debt securities
Robust Financial Centre
54. Over 170 banks providing a wide
range of corporate banking
services including:
• Trade Finance
• Corporate Finance
• Loan Syndication
• Derivatives Trading and Hedging
• Cash Management
• Transaction Services
Competitive commodity financing
rates of 1 – 2 %
Access financing and financial services through
Singapore’s strong banking environment
Robust Financial Centre
55. • Over US$2.1 trillion of assets under management
• Institutional Funds > US$1,300 billion
• Private Wealth Management > US$400 billion
• Temasek & GIC > US$400 billion
• Access to growing private wealth of South East Asia, China and India
• Over 4,000 registered funds and 100 fund management companies
Source: SGX
Singapore is Asia’s leading wealth management hub
Robust Financial Centre
56. Efficient
Business
Environment
• World’s easiest place to do business
• Efficient, reliable, clear and fair legal system
• Asia’s top dispute resolution centre
• Educated and English proficient workforce
3
5
Partner Singapore into Asia through our…
57. We continually strive for a business environment that
is efficient, transparent, stable, secure and fast.
• #1 in World Bank’s ranking of Ease of Doing Business
for 7 consecutive years
• #1 Transparent Governance in Asia
WEF Global Competitiveness Report 2013 - 2014
• #1 Logistics Supply Chain Performance in Asia
World Bank, Logistics Performance Index
• #1 City Infrastructure In The World
Mercer City Infrastructure Rankings 2016
• #1 Labour Market Efficiency
WEF Global Competitiveness Report 2013 - 2014
• #1 Intellectual Property Protection in Asia
WEF Global Competitiveness Report 2013 - 2014
https://www.iras.gov.sg
https://www.acra.gov.sg
http://statutes.agc.gov.sg/aol/home.w3p
https://www.bizfile.gov.sg
Efficient Business Environment
58. We maintain an efficient, reliable and impartial legal
system.
Singapore’s civil justice system is ranked 4th in the world
according to World Justice Project Rule of Law Index 2012
Singapore ranked #1 in the world for order and security
Singapore ranked #7 in the world for absence of
corruption
Singapore ranked #10 in the world for regulatory
enforcement
Source: WEF Economic
Report 2014-2015
Efficient Business Environment
59. Singapore as Asia’s top dispute resolution centre
• Neutral playground using English, common law
based system
• Strong legislative framework based on
UNCITRAL Model Law
• Home to Top Arbitral Institutions
• International Court of Arbitration of the International
Chamber of Commerce (ICC)
• Singapore International Arbitration Centre (SIAC)
• International Centre for the Settlement of Investment
Disputes (ICSID)
• International Centre for Dispute Resolution (ICDR) of
the American Arbitration Association
Preferred Seats of
Arbitrations
Ranking City
1 London
2 Geneva
3* Singapore
3* Paris
3* Tokyo
Singapore - 3rd Most
Preferred Location for
Arbitration
Source: School of International
Arbitration at Queen Mary 2010
* Tied for third
59
Efficient Business Environment
60. To support global business, we have nurtured a
talented workforce.
• Singapore has the largest physical trading community in Asia and 4th
largest in the world, after New York, London & Houston according to
KPMG
• An open immigration policy has served to enhance Singapore’s talent
pool. This gives companies the opportunity to source for the best
personnel from anywhere in the world.
• The multi-cultural Singaporean workforce is highly educated, highly
motivated and highly productive
• Proficient in English – the language of international business
• No. 1 Labour Force in the World according to Business Environment Risk
Intelligence
• Top 5 in Asia for most motivated workforce and top 10 in Asia for best
skilled labour
Source: BERI's 2011-1 Labour Force Evaluation Measure (LFEM) Report, IMD World Competitiveness Yearbook 2013
Pool of Trading Talents
World’s Top Labour Force
Efficient Business Environment
61. Asia Savvy
Companies
• More than 100 Singapore companies with deep and wide footprint and
networks in Asia as key partners
• In various sectors from environment and energy, offshore oil and
marine, transport and logistics, urban solutions sectors, e-retail,
consumer, manufacturing, etc.
4
6
Partner Singapore into Asia through our…
62. They are now exporting these capabilities and know-how to the world, beginning with
Asian markets….
Over the years, Singapore companies have built up
strong capabilities and expertise in various industries
Environmental and
Energy
Transport &
Logistics
Urban PlanningOffshore Oil and
Marine
Asia Savvy Companies
63. Environmental Services
Water management Waste management
• S$1.7 billion
integrated solid
waste management
facility in Qatar
• S$66 million BOO
contract for Integrated
Waste Management
Facility, Brunei 2010
Partnering foreign governments and industries
to tackle environmental issues
Tianjin Dagang Desalination
Plant (China)
(China’s Largest)
100,000m3/day
Magtaa Desalination Plant
(Algeria)
(World’s Largest)
500,000m3/day
Asia Savvy Companies
64. Energy Services
Sembcorp – IWPP in Fujairah, UAE
One of the largest of its kind, the Fujairah Integrated Water
and Power Plant (IWPP) produces 893 megawatts of power
and 130 million gallons of water per day. An expansion in
the water production capacity is currently being planned
Rotary’s Tank Farm in
Saudi Arabia
In 2009, Rotary won the engineering, procurement and
construction (EPC) contract to build a refinery tank farm at
the Jubail Export Refinery in Saudi Arabia. The value of this
contract was stated to be €0.62billion.
When completed late this year, this tank farm would export
400,000 barrels of oil daily and would be one of the most
advanced tank farms in the world.
Asia Savvy Companies
65. Offshore Oil and Marine
Singapore’s Global Market Share
global market share
Jack-up Rigs
> 70% global market share
Semi-submersible Rigs
> 70% global market share
FPSO Conversion
> 80%
global market share
Fast Ferries (< 60m)
> 45% global market share
Offshore Support Vessels
> 20%
Asia Savvy Companies
66. Transport and Logistics Services
World-class operator of 29
ports across 17 countries
Provides integrated end-
to-end supply chain
management across Asia
Pacific
World’s largest provider of
aircraft maintenance,
repair & overhaul services
Exporting the Changi
Experience to over 20
airports worldwide
Asia Savvy Companies
67. Urban Planning & Design
The 136-ha piece of land is the
biggest development site in Xi’an.
The area is master planned as a
modern ecological environment,
ideal for both residential living and
recreation
Surbana Jurong –
Xi’an Residential
Township Project
India’s first hi-tech park of its kind
designed to provide a complete
‘work & play’ environment for IT
and technology-related businesses
The first industrial park in China to
be certified ISO 9002 and a world-
class facility that offers an excellent
environment for high-tech and
electronics manufacturing
International Tech
Park Bangalore
Wuxi-Singapore
Industrial Park,
China
Asia Savvy Companies
68. Frasers Hospitality - China
Frasers currently owns and operates 9 properties in
China. These include hotels and residential buildings.
The properties are catered to modern businessmen
and women, focusing on excellent interior design and
superior locations near the Central Business District.
Ascott – Park Place Dubai
Ascott Park Place Dubai provides luxury residences
with comprehensive services and modern facilities in
the iconic 56-storey Park Place Tower. The tower is
situated on the exclusive Sheikh Zayed Road, home to
Dubai's most valuable real estate and business district
centre, and in close proximity to the city’s many amenities.
68
Property Management Services
Asia Savvy Companies
69. Components/ Modules
manufactured by Singapore
Components/ Modules
manufactured by Singapore
Racer Technology
Pte Ltd
AS9100 & NADCAP Certified
BRAKING SYSTEMS
Plastic Moulded Parts
INTERIOR
Seats
Rubber Parts
Plastic Moulded Parts
Metal Stamped
Parts
SAFETY SYSTEMS
ELECTRONICS
Engine Control Modules
Sensors Components
Automotive Microcircuits
Airbag Initiators
Side Impact Sensors
Passenger Restraint
Systems
AUDIO AND TELEMATICS
Plastic Moulded
Parts
OTHERS
Metal, Rubber
and Plastic Parts
Automotive Aerospace Medical
Technology
69
Precision Engineering
71. We continually strive to provide a world class quality
of life to attract global top talents and investors.
• Most Liveable City In the World
ECA International, 2015
• Best Quality Of Living In Asia Pacific
Mercer Quality of Living Survey 2016
• World’s Healthiest Country
Bloomberg, The World’s Healthiest Countries 2016
• Best Place To Live For Expatriates
HSBC, Expat Explorer 2015
81. Key ingredient of Singapore’s economic progress:
Soft infrastructure of racial and religious integration
and to achieve social harmony and stability.
83. Thank You
www.iesingapore.com
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Notas do Editor
This is the skyline of modern Singapore.
Located in Southeast Asia, Singapore has a land area of about 710 square kilometres, making us one of the smallest countries in the world and the smallest in Asia.
However, from our independence in 1965 to today, we have developed significantly through urbanisation, and economically into a modern, global city in Asia.
Over the last 50 years, Singapore’s economy has grown rapidly – GDP per capita has increased by more than 100 times.
In the nation’s early years, the economy focused on job creation in the 60s to moving up the value chain in the 90s with technologically advanced industries, followed by R&D intensive industries in the new millennium.
We also continue to invest more abroad.
Compared to other countries, Singapore investments abroad as a percentage of our GDP exceeds that of the world.
Singapore has consistently exported more goods overseas over the years, contributing significantly to our GDP.
China, the EU, Malaysia, the US and Indonesia remain top trading partners for Singapore.
http://www.iesingapore.gov.sg/~/media/IE%20Singapore/Files/Publications/Singapore%20Trade%20Statistics/Monthly%20Trade%20Statistics/2015/Trade_Report_2014.pdf
The nation’s success can be attributed to three broad principles.
The public sector partners the private sector to deliver solutions.
The country has a conducive environment and stellar infrastructure for test-bedding new products and solutions.
After honing the know-how and expertise, Singapore companies then export their solutions abroad.
Our economy is diversified, powered by a mixture of manufacturing and services sectors. Many of these businesses are not just domestic, but international, with Singapore as a base.
The Ministry of Trade and Industry is in charge of Singapore’s economic development.
IE Singapore is one of the statutory boards under the ministry, and is responsible for driving Singapore’s external economy, or external economic wing.
To serve Singapore’s economy, we operate 1 HQ in Singapore + 39 overseas offices all over the world.
Moscow Overseas Centre is one of them.
We do this through our mission of promoting overseas growth of Singapore-based enterprises and international trade.
This is line with our vision of making Singapore a thriving business hub with globally competitive enterprises and leading international traders.
IE Singapore saw its genesis in 1983 as the Singapore Trade Development Board, otherwise known as TDB. TDB was formed to develop Singapore as an international trading hub, and promote the nation’s goods and services. This came after Singapore had developed its manufacturing sector as part of industrialisation after independence.
TDB’s work included export promotion, development of trade policy, lobbying for free trade, and securing market access for Singapore companies.
In 2002, TDB’s role was expanded in line with Singapore’s new economic strategy. With a limited domestic market, it was imperative for Singapore companies to internationalise and grow in the global market.
TDB was renamed International Enterprise Singapore to reflect her new focus on the external economy, focusing on internationalisation and international trade.
Asia is going to be the next big thing…
Demand from the G7 economies are predicted to shrink while that from the emerging markets including Asia are looking to rise.
This is fuelled by the rapid urbanization process in Asia and the rise of the middle class.
The potential of China is a familiar story for many.
Similarly, the potential of South East Asia as an integrated market is also not to be ignored.
The world is changing. Emerging and developing countries are seeing higher growth rates compared to the world’s advanced economies.
For example, Americas is growing at 2.27%, China at 9.54%, South Asia at 8.03% and SEA at 5.60%.
Traditionally Asia exported mainly to the west. Today, this has shifted with Asian ports mainly handling domestic and regional cargo.
44% of trade flows now are intra-Asia.
Singapore is well positioned right in the epicentre.
Given the immense potential in Asia, many of our companies are investing in the region.
Singapore companies have a significant presence in China…
Business councils are important in our engagement with the private and public sectors in China. Led by ministerial-level officials from both sides, the councils will facilitate business partnerships and cultural exchanges between Singapore and the respective province/ municipality, strengthening bilateral ties.
Singapore’s platform projects help companies gain market access into China. These platform projects are long-term economic partnerships between the Singapore government and Chinese municipal governments.
An example of a successful platform project is the Sino-Singapore Tianjin Eco-city, which focuses on sustainable development. This is aligned with the capabilities of Singapore-based companies, enabling them to use this as a platform to showcase their expertise to the wider China market.
Since inception in 2007, Tianjin Eco-city has awarded more than S$22 million worth of consulting projects to 20 Singapore-based companies.
These Singapore companies make ideal partners for other foreign companies looking at expanding into China.
Tianjin Eco-city is now home to international partnerships between Chinese, Singaporean and foreign companies.
…across Southeast Asia….
In Vietnam, IE Singapore played an important role in the formation of the consortium through the iPartners platform, which facilitated the matching of Singapore suppliers to MNC customers in Vietnam.
The success of the Vietnam-Singapore Industrial Park has resulted in the model being replicated across the country.
Singapore is also only within a 7-hr flight radius to the key emerging markets in Asia.
Besides Singapore companies investing abroad, many foreign companies also use Singapore as their business hub to expand into Asia.
Strategically located in the heart of Asia, Singapore offers access to fast growing markets like China, India and Vietnam.
We also have strong free trade networks through Free Trade Agreements (FTAs) with major economies and countries, making us an ideal partner to Asia.
http://www.iesingapore.gov.sg/trade-from-singapore/international-agreements
Best Airport in the World, for the 19th year running (Business Traveller)
Check whether this slide is correct
Over the past decade, Singapore has developed itself as an established private banking centre globally and in Asia. High net worth individuals who choose Singapore for their private banking needs have done so for a number of reasons. Apart from sound fundamentals such as economic and political stability, reputation for high standards of regulation and supervision, and a robust legal and judicial framework , the breadth and depth of players here offers ready access to global and regional financial markets.
Perhaps the decisive advantage is the larger financial eco-system that exists in Singapore. Strong capabilities in asset management, foreign exchange and derivatives trading, coupled with deep and liquid capital markets – these are the ingredients that make Singapore the ideal base for the intermediation of wealth in Asia.
Source: World Wealth Report 2012, Capgemini, RBC Wealth Management
Sources:
1 MAS 2010 Survey report, industry sources, Temasek and GIC annual reports 2011
2 HK SFC 2010 Survey report
3 PWC Global Private Banking and Wealth Management Survey 2011
Mercer research identifies the cities with the best infrastructure based on electricity supply, water availability, telephone and mail services, public transportation, traffic congestion and the range of international flights from local airports. Singapore is at the top of this index, followed by Frankfurt and Munich in second place. Copenhagen (4) and Dusseldorf (5) fill the next two slots, while Hong Kong and London share sixth place. Port-au-Prince (221) ranks at the bottom of the list. The highest-ranking US cities on the city infrastructure list are Atlanta (13), Dallas (15), Washington, DC (22) and Chicago (28).
Singapore tops HSBC Expat Explorer survey, with plenty of jobs, high wages and lots to do
Strong Rule of Law
Known for integrity, quality, reliability, productivity, rule of law, and enforcement of intellectual property rights.
Least corrupt nation in Asia and one of the top three least corrupt countries in the world
Preferred Location for Arbitration
Choice of seat is mostly influenced by 'formal legal infrastructure', the law governing the contract and convenience.
London is the most preferred and widely used seat of arbitration.
London, Paris, New York and Geneva are the seats that were used most frequently by respondents over the past five years. The level of user satisfaction for these seats is high. For all four seats a majority of users described them as either 'excellent' or 'very good'.
Singapore has emerged as a regional leader in Asia.
Respondents have the most negative perception of Moscow and mainland China as seats of arbitration.
http://arbitrationpractices.whitecase.com/news/newsdetail.aspx?news=3787
SIAC handled close to 190 cases in 2011.
At SIAC, the present Board comprises 12 arbitrators and counsel who are internationally renowned. Board Chairman, Prof Michael Pryles, is ranked among the top 20 arbitration specialists in the world. SIAC was shortlisted as an “Arbitration Institution of the Year” by GAR in 2010.
More than 10 of the GAR top 30 arbitration groups have opened offices in Singapore, including 20 Essex Street, Essex Court Chambers, and Bankside Chambers.
http://www.legalweek.com/legal-week/feature/2221770/follow-the-leader-emulating-singapores-success
http://www.mlaw.gov.sg/news/speeches/speech-by-law-minister-k-shanmugam-at-the-arbitration-for-indian-industry-conference-jointly.html
Singapore companies have over the years built up capabilities and technical know how in various industries from serving our domestic market. The sectors ranges from environmental services to urban planning and transport and logistics services. Our local manufacturers were also groomed back in 1980s from serving the foreign MNCs that have established their manufacturing sites in Singapore.
As they developed their expertise, it became a natural progression for Singapore companies to venture overseas to overcome the limited domestic market in Singapore and we are proud to say today, many of them have become truly global players in their respective sectors.
These are some of the sectors Singapore is particularly strong in.
In the area of environmental services, Singapore companies have enjoyed success especially in the area of water and waste management.
Many foreign governments are impressed by how Singapore has overcome our limitations in the supply of natural water and our companies are partnering foreign governments to tackle similar issues.
Our waste management companies have also established their footprints in not just neighboring countries but even to Middle Eastern markets as well.
For example, Hyflux is building the world’s largest membrane-based seawater desalination plant in Algeria, while Sembcorp Industries owns and operates the world’s largest operating hybrid desalination plant in the UAE.
In the area of energy infrastructure, Singapore’s success as a leading global energy and chemical hub has also helped Singapore players such as Sembcorp and Rotary Engineering successfully bid for and build numerous power and energy projects around the world.
Singapore oil and marine players have also managed to capture the lion share of many of the sectors such as jack-up rigs, semi-submersible and FPSO Conversion.
Although Singapore does not have any oil, companies like Keppel Offshore and Marine have managed to develop propriety jack-up and semi-submersible rig designs. Today, Keppel Offshore and Marine and Sembcorp dominate the global market in this respect.
In transport and logistics, Singapore companies have also exported their expertise abroad.
SMRT, which operates the Singapore Mass Rapid Transit System in Singapore helped establish the first driverless metro system in Seoul, and also planned, designed, and provided consultancy for the Shanghai Metro company.
SATS, or Singapore Airport Terminal Services on the other hand, provides gateway services and food solutions with a footprint across 40 airports.
Singapore companies like Surbana, ascendas and sembcorp have also exported their capabilities in urban solutions overseas and have participated in numerous flagship projects which ranges from high tech parks in India to residential township projects in China.
Singapore is also well regarded in the Property Management Services sector.
Our 2 key companies in this area are:
Frasers Hospitality, which is an internationally-branded serviced residence management company with presence in major gateway cities. Frasers currently operates 42 properties in China.
The Ascott Limited is the world's largest international serviced residence owner-operator with about 22,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region.
Singapore’s precision engineering companies have long been recognised for their commitment to quality, reliability and respect for intellectual property, and have developed expertise in sectors like aerospace, semiconductors, medical technology and automotive.
Today, our local precision engineering companies are partners to many leading manufacturers such as Bosch, Visteon, Eaton, Honeywell, Leica, Siemens, Medtronic and Covidien.
Mercer research identifies the cities with the best infrastructure based on electricity supply, water availability, telephone and mail services, public transportation, traffic congestion and the range of international flights from local airports. Singapore is at the top of this index, followed by Frankfurt and Munich in second place. Copenhagen (4) and Dusseldorf (5) fill the next two slots, while Hong Kong and London share sixth place. Port-au-Prince (221) ranks at the bottom of the list. The highest-ranking US cities on the city infrastructure list are Atlanta (13), Dallas (15), Washington, DC (22) and Chicago (28).
Singapore tops HSBC Expat Explorer survey, with plenty of jobs, high wages and lots to do
Given the melting pot of cultures in Singapore, our city is full of colour and vibrancy. And I think, much like [Insert country]
However, we are not all work and no play – Singapore is proud to be the host to the first ever Formula One Race held at night in our central business district since 2008.
Singapore also hosted the inaugural Summer Youth Olympic Games in August 2010. The Youth Olympic Games is for athletes between 14 and 18 years of age competing in 26 different disciplines.
Now driven by IE Singapore, the Russia Singapore Business Forum (RSBF) is the premier platform for fostering investment, trade and thought leadership between Russia and Singapore. Since its inauguration in 2006, the Forum has brought together top government officials and business elite from both countries to foster economic partnerships and raise global competitiveness.
In 2014, RSBF transforms itself into an intimate by-invitation-only affair with just 100 C-level executives and entrepreneurs from Russia and Singapore. As the world economy faces continued uncertainty, Singapore and Russia must find new strategies for growth to mitigate the impact of global volatility.