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Singapore Mohd Alif Bin Jasni Aliya Mudmarn Puspa Setia Pratiwi ,

Starting Business in Singapore

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Analysis on the business opportunities in Singapore

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Page 1: Starting Business in Singapore

Singapore

Mohd Alif Bin Jasni

Aliya Mudmarn

Puspa Setia Pratiwi

,

Page 2: Starting Business in Singapore
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Population : 3,771,700 (July 2010 est.)

Religions :Buddhist 42.5%, Muslim 14.9%, Taoist 8.5%

Languages :Mandarin (official) 35%, English (official)

23%, Malay

Literacy: :male: 96.6%  & female: 88.6% (2000 census)

Population :0.863% (2010 est.)

Birth rate : 8.65 births/1,000 population (2010 est.)

Death rate :4.8 deaths/1,000 population (July 2010 est.) Life expectancy :male: 79.45 years & female: 84.87 years (2010 at

birth est.)

Demographic

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Population Rate

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Population Age Pyramid

Age structure0-14 years: 14.4% (male 348,382/female 324,050) 15-64 years: 76.7% (male 1,737,972/female 1,833,415) 65 years and over: 8.9% (male 184,393/female 229,330) (2010 est.)

Median agetotal: 39.6 years male: 39.1 years female: 40 years (2010 est.)

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Hong Kong Malaysia US Indonesia China Japan

Partner Export

Export goods: Machinery and equipment (including electronics), consumer goods, pharmaceuticals and other chemicals, mineral fuels

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Import goods: Machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods

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GDP AT 2005 MARKET PRICES ( Percentage Change Over Corresponding

Period Of Previous Year)

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Share of GDP by Industry

•Expanded by 15.7 % (2010) by expansion in manufacturing sector

•The service sector expanded about 10% (largely supported by financial service sector)

•Construction sector decline

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Inflation Rate

Forecast to increase to 2.7% in 2011 (Quite Low Inflation Rate)

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Employment Rate (June 2009)

Labour Force ('000) 3,030.00

Employed persons ('000) 2,905.90

Unemployment rate* (%) 2.2 %

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Active Rate

Total Active Labour 65.4 %

Males 76.3 % (2,311,890)

Females 55.2 % (1,672,560)

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Exchange Rate

Year

S$/US$ S$/US$

Average for period End of period

2005 1.6646 1.6642

2006 1.5889 1.5336

2007 1.5071 1.4412

2008 1.4148 1.4392

2009 1.4545 1.4034

Source: Monetary Authority of Singapore

Last updated: 25 Jan 2010 Extracted from

www.singstat.gov.sg

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Balance of Payment (Million $)

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CPI

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Trade Openness

Free Trade Agreements India-Singapore Comprehensive Economic

Cooperation Agreement Korea-Singapore Free Trade Agreement

(KSFTA) Singapore-Australia Free Trade Agreement United States-Singapore Free Trade

Agreement Trans-Pacific Strategic Economic Partnership

Agreement (with Brunei Darussalam, the Republic of Chile and New Zealand)

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Singapore: 2011 Outlook

Real GDP (% change y/y)

CPI (% change y/y)

2009 2010 2011

-1.3 15.5 6.0

2009 2010 2011

0.6 2.7 2.8

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Singapore Forecast 2011

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Singapore GDP ranking

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Our Group Policy Memo : Foreign Direct Investment (FDI)

in Singapore

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Singapore ranks the Second most Free economy in the world in 2010 (Wall Street Journal)

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Starting a Business in Singapore

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More Discussion on…

The Impact of FDI to the economic growth in Singapore

Thank You

Page 27: Starting Business in Singapore

Resource

http://www.singstat.gov.sg http://www.economywatch.com/economic-

policy/singapore.html http://www.aseansec.org/12389.htm http://www.asiaone.com/Business/News/

Story/A1Story20101208-251585.html http://www.mas.gov.sg/