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Singapore: A Global HydrohubSingapore Economic Development Board
EDB provides this presentation (including oral statements) gratuitously for information only and not for any other purpose.
While care has been expended in the preparation of this presentation, EDB hereby disclaims all liability including, but not limited to, inaccuracies, incompleteness or lack of suitability for purpose of any information in the presentation.
2
ASIA: A DOMINANT DRIVER OF GROWTH
3.5Dollars of growth
generated by Asia for every
dollar generated by the US
27% share of 2016 global trade
accounted for by Asia-10,
versus 11% by the US
42% of intraregional exports
for Asia-10 economies,
versus 15% to US
and 11% to EU-10
2
Source: DBS Group Research. “Asia-10” comprises China, Hong Kong, Taiwan, Korea, Singapore, Malaysia, Thailand, India, Philippines, Indonesia
Agriculture
3
Myanmar
GDP ’16: US$ 62.6 b
GDP Growth: 7%
Population: 53.9m
Key Sectors:
Vietnam
GDP ’16: US$ 194 b
GDP Growth: 6.7%
Population: 92.7m
Key Sectors:
Thailand
GDP ’16: US$ 395 b
GDP Growth: 3.2%
Population: 68m
Key Sectors:
Key Sources:
PWC, 2017, Winning in Maturing Markets
Trading Economics, 2017
Brunei
GDP ’16: US$ 12.9 b
GDP Growth: -3.8%
Population: 0.42m
Key Sectors:
Cambodia
GDP ’16: US$ 18.05 b
GDP Growth: 7.2%
Population: 15.6m
Key Sectors:
Philippines
GDP ’16: US$ 292 b
GDP Growth: 6.6%
Population: 102m
Key Sectors:
Indonesia
GDP ’16: US$ 862 b
GDP Growth: 5.02%
Population: 259m
Key Sectors:
Malaysia
GDP ’16: US$ 296 b
GDP Growth: 4.3%
Population: 31.7m
Key Sectors:
Apparels
Oil and Gas
Footwear
Electronics
Mining
Furniture
Automotive
Laos
GDP ’16: US$ 12.4 b
GDP Growth: 7%
Population: 6.8m
Key Sectors: ASEANGDP ’16: US$ 2.4 trillion
GDP Growth: 4.6%
Population: 635m
ASEAN: The New Manufacturing Powerhouse
Proximity to Source and Consumer Markets
Investments into SEA have reached
an all-time high
FDI inflows into ASEAN totalled
US$136.2b in 2014, making it the
largest FDI recipient in the developing
world
SEA has an abundance of natural
resources
Significant market share for supply of
commodities. E.g. palm oil (87%), rice
(29%), nickel (26%).
Southeast Asia’s diversity of
manufacturing capabilities hold
much promise.
E.g. Vietnam specialises in textiles &
apparel, Thailand in automotive parts,
Singapore & Malaysia in high-tech
products
Global MNCs are rethinking their
supply chain & production strategies
given rising costs in China.
Manufacturing investments into SEA
rose from US$18bn in 2012 to
US$41bn in 2013.
ASEAN is home to 600mil people,
with a consumer market worth
~US$1.2trn Larger than India and
close to that of coastal China.
ASEAN’s emerging middle class
consumers will drive demand for
more sophisticated products &
services. Middle class population is
estimated to more than double from
190mil in 2012 to 400mil in 2020.
Proximity to source
Consumer market
I N T R O D U C T I O N
149.8%2016
92.7%2004
88%2016
MEAN YEARS OF
SCHOOLING (2016)
10.7
LITERACY RATE
(2016)
97%
2016-2017
24th worldwide
1st in Asia
54th worldwide
6th in Asia
World University Rankings 2016-2017,
Times Higher Education
3
MOBILE PHONE
PENETRATE RATE
5.53 million
TOTAL
POPULATION (2015)
CITIZENS
3.37 million
PERMANENT RESIDENTS
527,700
GOOD GOVERNANCESTRONG INSTITUTIONS
ADAPTABILITY
MERITOCRACY
DIVERSITY
RULE OF LAW
FORWARD
LOOKING
HOUSEHOLD ACCESS
TO BROADBAND
65%2004
VISITOR
ARRIVALS
(2016)
16.04million
Singapore Tourism Board
1st
MOST LIVEABLE
ASIAN CITY
Mercer’s Quality of Living Survey 2017
2nd
EASE OF DOING BUSINESS
World Bank’s Doing Business 2017 Report
INTEGRITY
SINGAPORE STUDENTS RANKED
AMONG THE TOP IN READING,
MATHEMATICS AND SCIENCE
Programme for International
Student Assessment
1st
IN STEM (SCIENCE, TECHNOLOGY,
ENGINEERING AND MATHEMATICS)
EDUCATION
Singapore at a Glance
Singapore has grown into a melting pot for
startups across Southeast Asia. For the
aspiring entrepreneur, the presence of a
dynamic and multicultural generation as well
as supportive business and financial
infrastructures make Singapore a great place
for starting a business and subsequently
making a global impact
Business Fast Facts
I N T R O D U C T I O N
4
Located in the Heart of Asia to drive Speed-to-Market
Well connected to region and beyond
Physical connectivityBest airport in the world: 1.96 mil tons handled in 2016 • >121 scheduled airlines • 381 cities • >80 countries •
>7,000 weekly scheduled flights
World’s busiest transhipment port: 30.59 mil TEUs handled in 2016 • 200 Shipping lines • 600 ports • >120
countries • Handle over 2,000 containers per vessel with a turnaround time of <12h
Good international relationshipsMost extensive FTA Network in Asia covering 60% of the world’s GDP
Part of the ASEAN Community
Efficient customs Total supply chain security Air & sea port infra
Electronic permit
applications
90% processed within 10
min
Physical cargo clearance
• 90% cleared within 8
minutes
• 100% cleared within
13 minutes
Special schemes
• Zero GST scheme
• Major export scheme
Secure and smooth supply
chain
• Secure Trade Partnership
(STP) and STP-Plus
• MRAs with China, Japan,
South Korea & Canada
Compliance with global
standards
• World Customs
Organisation (WCO)
Advance Export
Declaration (AED),
Regulated Air Cargo
Agents Regime (RCAR)
Future Tuas Port
• Relocation of city
terminals to Tuas, 1st
phase operational by
2027
• Capacity increase from
35mil to 65mil TEUs
Changi Airport
Expansion
• Redevelopment of
1080 ha of land for
5th terminal, MRO and
air cargo operations
Singapore offers the most extensive FTA network
Business connectivity through trade & tax
agreements
Worldwide: 21 FTAs, 41 IGAs, >70 DTAs
Excellent Business
Infrastructure +
Connectivity
ASEAN/ SG FTA
SINGAPORE ASEAN
11 Bilateral FTAs
9 Regional FTAs
3 Concluded/Signed FTAs
China-SG FTA
India-SG Comprehensive Economic Cooperation Agreement
Japan-SG Economic Partnership Agreement
Korea-SG FTA
SG-Australia FTA
New Zealand-SG Comprehensive Economic Partnership
Panama-SG FTA
Peru-SG FTA
SG-Costa Rica FTA
SG-Jordan FTA
United States- SG FTA
ASEAN Free Trade Area
ASEAN-Australia-New Zealand Free Trade Area
ASEAN-China Free Trade Area
ASEAN-India Free Trade Area
ASEAN-Japan Comprehensive Economic Partnership
ASEAN-Korea Free Trade Area
EFTA-SG FTA
GCC-SG FTA
Trans-Pacific Strategic Economic Partnership
Trans-Pacific Partnership
EU-SG FTA
Turkey-SG FTA
APAC
Most extensive FTA network
in Asia covering 60% of the
world’s GDP
Introduction to Singapore EDBLead government agency that strategizes & shapes Singapore’s future business & economy
OUR MISSIONWe create for Singapore, sustainable economic growth with
vibrant business and good job opportunities
Attract
Foreign
investments
Grow
industry verticals
Point Singapore
towards the
future
WHAT WE DOIndustry Development and
Business Facilitation
OUR INDUSTRY SECTORS AND CLUSTERSS I N G A P O R E E C O N O M I C D E V E L O P M E N T B O A R D
I n ou r wo rk a t EDB, we f ocus on the f o l lowing indus t ry sec to rs tha t a re impor tan t t o ou r economy.
C l i ck on the images to f i nd ou t more .
Aerospace
Creative Industries
Energy & Chemicals
Logistics & Supply Chain Management
Medical Technology
Pharmaceuticals & Biotechnology
Cleantech
Consumer Businesses
Electronics
Information & Communications Technology
Oil & Gas Equipment and Services
Natural Resources
Precision Engineering
Urban Solutions & Sustainability
HOW EDB CAN SUPPORT COMPANIESS I N G A P O R E E C O N O M I C D E V E L O P M E N T B O A R D
Information on Singapore’s business
environment, how to set up in Singapore, and
how to find the right talent for your company.
I N F O R M AT I O N
Link up to ecosystem partners including but not
limited to government agencies, research
institutes, academic institutions, think tanks, and
startup communities.
C O N N E C T I O N S
Depending on your plans for growing in
Singapore, we may be able to offer a financial
or tax incentive to help you grow your
Singapore operations.
I N C E N T I V E S
W e c a n a l s o f a c i l i t a t e i n t r o d u c t i o n s t o S i n g a p o r e g o v e r n m e n t a g e n c i e s , w h o m a y b e r e l e v a n t t o c o m p a n i e s ’ i n t e r e s t s s u c h a s :
ANNUAL GROSS DOMESTIC PRODUCTI N F O R M A T I O N O N S I N G A P O R E
Labourintensive
Skills intensive
Knowledge + Innovation
Capital intensive
Technology + Services
Source: Department of Statistics Singapore (2018)
2017 GDP Growth: 3.6%2018 GDP Growth Forecast: 1.5% to 3.5%
Source: Ministry of Trade and Industry, Feb 2018 US$1.00 = S$1.3807
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
500.0
1960 1970 1980 1990 2000 2010
GDP at Current Prices
GDP at Current Prices
Manufacturing 19.20%
Business Services14.80%
Financial and Insurance
13.30%
Wholesale & Retail
17.60%
Transport and Communication
11.40%
Construction4.30%
Others19.40%
2017 GDP: S $447.3B (USD $324 B)2017
70% of global
market share for
jack-up rigs
World’s 3rd largest
export refining hub,
with 1.3m barrels
refined per day
Largest aviation hub
in Asia, with ¼ of
the Asian
Maintenance, Repair
and Overhaul
market
Aerospace
World’s largest hard
disk drive media
producer with 40% of
global market share.
Hard Disk Drive Media Chemicals
Medical Devices Marine & Offshore
Global “HydroHub”,
with 180 water
companies
Water
Major site for 14 out
of 25 top
semiconductor
companies, producing
>10% of front-end
equipment globally
Semiconductors
Pharmaceuticals
Analytical
Instruments
>50% of
microarrays and
mass
spectrometers
Accounts for global
output of 70% of wire
bonders and 30% of
hearing aids
50% world market
share for
microarrays and
mass spectrometers
30 plants
manufacturing 5 out
of the world’s top
10 drugs
Complex Components
Singapore’s Leadership Positions in Manufacturing & Hi-tech
INTERNATIONAL RANKINGSI N F O R M A T I O N O N S I N G A P O R E
Global Investment Ranking
Logistics Performance in Asia
High Skilled Labour
Ease of Doing Business
Labour Force
Innovation Input
Rank Country
1 New Zealand
2 Singapore
3 Denmark
4 Hong Kong (China)
5 Republic of Korea
Source: World Bank’s Doing Business 2017 Report
Rank Country
1 Singapore
2 US
3 Taiwan
4 Switzerland
5 Belgium
Source: BERI’s 2017 Labour Force Evaluation
Rank Country
1 Singapore
2 Sweden
3 Switzerland
4 Finland
5 United States of America
Source: Global Innovation Index 2017 (Innovation Input Sub-Index)
Source: Global Innovation Index 2017 (Investment Sub-index)
Rank Country
1 Singapore
2 Hong Kong
3 Japan
4 Republic of Korea
5 Taiwan
Source: World Bank’s Global Logistics Performance Index 2016
Top 10 Countries with the Greatest High-Skilled Employment Share (%)
63.256.2
52.251.551.449.948.547.847.446.5
Luxembourg
Switzerland
Israel
Iceland
Netherlands
71.4
71.7
72.2
74.3
75
Denmark
Albania
United States
Canada
Singapore
Source: World Economic Forum Global Human Capital Report 2017
INFRASTRUCTURE & CONNECTIVITYI N F O R M A T I O N O N S I N G A P O R E
Tuas Biomedical Park
CleanTech Park
Woodlands & North Coast Wafer Fab Parks Seletar Aerospace Park
Changi & Loyang Aerospace Parks
Offshore Supply Base
Tampines & Pasir Ris Wafer Fab Parks
Jurong Island
Industrial ParksBusiness Parks Ports
Changi Airport
Pasir Panjang Port
Keppel Port
Jurong Port
Sembawang Port
Serangoon & Ang Mo Kio
Co-location Data Centres: Keppel Digihub, NTT, I/O ST Electronics, Indostat, Telstra, Epsilon
Tai Seng & Chai Chee Technopark
Co-location Data Centres: Singtel, Global Switch, NTT, Tata Comms, Pacnet, Savvis, NCS, 1-Net, AT&T, Telehouse
Changi Business ParkCo-location Data Centres: Singtel, Keppel Datahub, Fujitsu, BT Global Services, Telin
Pioneer & International Business Park
Co-location Data Centres: Tanjong Kling Development, Equinix SG2, Digital Realty Trust, M1, Viewquest
One-NorthBiopolis, Mediapolis, Fusionopolis, LINK, LaunchPad
Co-location Data Centres: Equinix SG1 & SG3; ICONZ. Webvisions; Ato Origin, Crimson Logic, CITIC Telecom, Ascenix, Singtel
SINGAPORE’S CORPORATE TAX REGIMEI N F O R M A T I O N O N S I N G A P O R E
0%
Capital Gains Tax
0%
Withholding Tax on Dividends
10%
Withholding Tax on Royalties
15%
Withholding Tax on Interest
Corporate Tax Rates
Companies are taxed at a flat rate of 17% on chargeable income
Broad-Based Tax Relief Schemes
Wage Credit Scheme
Tax Exemption for New Start-Up Companies
Partial Tax Exemption for All Companies
Deduction of Expenses
Incurred before Commencemen
t of Business
For further information, please refer to : http://www.iras.gov.sg
MANPOWER & TALENT LANDSCAPEI N F O R M A T I O N O N S I N G A P O R E
Singapore has a diverse and skilled workforce
Post-Secondary, Tertiary & Institutes of Higher Learning
Scie
nce
& T
ech
no
logy
Bu
siness
Profile of Degree Holders in the Labour Force
Source : Comprehensive Labour Force Survey 2016, MOM
Total760 400 (100%)
Singapore474 500 (62.4%)
Local Autonomous Universities
279 400 (58.9%)
Private Education/
Training Institutions
195 400 (41.1%)
Outside of Singapore286 000 (37.6%)
BA: Business & AdministrationEng: Engineering SciencesH&S: Humanities & Social SciencesIT: Information TechnologySci: Natural, Physical, Chemical &Mathematical Sciences
57.2 %
5.5 % 9.07 % 9.18 %1.39 %
0
20
40
60
80
BA Eng H&S IT Sci
22.4 %
28.3 %
12.96 %
6.23 %9.1 %
0
5
10
15
20
25
30
BA Eng H&S IT Sci
Field of study (%)
30.3 %
22.1 %
10.42 % 10.91 %6.71 %
0
10
20
30
40
BA Eng H&S IT Sci
MANPOWER & TALENT LANDSCAPEI N F O R M A T I O N O N S I N G A P O R E
Source : Occupational Wage Survey, Manpower Research & Statistics Department, MOM
Source: Comprehensive Labour Force Survey, MOM
S$ 13,000 Chief Operating Officer/General Manager
S$ 9,500 Managing Director/Chief Executive Officer
S$ 8,537 Chief Information Officer/Chief Technology Officer
S$ 9,300 Software And Applications Manager
S$ 8,100 IT Service Manager
S$ 7,606 Budgeting And Financial Accounting Manager
S$ 7,452 Business Development Manager
S$ 7,400 Human Resource Manager
S$ 7,000 Manufacturing Plant/Production Manager
S$ 6,711 Sales And Marketing Manager
S$ 6,500 Advertising/Public Relations Manager
S$ 6,298 Administration Manager
S$ 5,974 Supply And Distribution/Logistics/Warehousing Manager
S$ 5,188 ICT Sales Professional
S$ 4,702 Accountant (Excluding Tax Accountant)
S$ 4,127 Network, Servers And Computer Systems Administrator
S$ 3,600 Public Relations/Corporate Communications Professional
S$ 5,500 Civil Engineer
S$ 4,828 Electronics Engineer
S$ 4,796 Chemical Engineer
S$ 4,703 Industrial And Production Engineer
S$ 4,375 Mechanical Engineer
S$ 4,204 Electrical Engineer
2016 Median Basic Monthly Wage by Occupation (All Industries)
10.5%
55.1%
10.8%
4.7%
23.5%
17.1%
83.9%
18.1%
11.5%
0.9% 3.3%
19.4%
33.7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
By Industry By Broad OccupationalGroup
By Highest QualificationObtained
2016 EMPLOYMENT: 2.165 M
Services
Others
Construction
PMETs
Clerical, Sales &
Service Workers
Pdn & Transport Operators,
Cleaners & Labourers
Below Secondary
Secondary
Post-Sec
(Non-Tertiary)
Diploma & Prof
Qualifications
Degree
Others
Manufacturing
19
SINGAPORE’S WATER STORYWATER SELF-SUFFICIENCY BY YEAR 2060
"Our combined efforts to deal with the water challenge have turned our
vulnerability into a strength. Over the years, our water industry has grown
into a dynamic and vibrant part of the Singapore economy”.- PRIME MINISTER LEE HSIEN LOONG
20
ENVIRONMENT AND WATER IDENTIFIED AS KEY GROWTH INDUSTRY SINCE 2006$670 MILLION SET ASIDE FOR WATER R&D AND MANPOWER DEVELOPMENT
• In 2006: National Research Foundation set up
under the Research, Innovation & Enterprise Council chaired by Singapore Prime Minister
• Water industry generates over S$2.2 billion in annual value-add to economy and 14,000 jobs today, exceeding 2015 targets of S$1.7 billion and 11,000 jobs.
• Goals by 2020:
• S$2.85 billion to GDP• 15,000 jobs
21
SINGAPORE – GLOBAL HYDROHUB
>180 WATER COMPANIES CONDUCTING ACTIVITIES ACROSS THE WATER VALUE CHAIN
Upstream players
Midstream players
Downstream players
Components suppliers(e.g. pumps, valves, membranes,
sensors, pipes)
Water treatment systems and system integrators
EPC, turnkey engineering solution providers, project developers and
utility operators
22
KEY WATER COMPANIESWIDE ARRAY OF ACTIVITIES IN SINGAPORE SPANNING REGIONAL HQs, R&D AND MANUFACTURING
• Greater Asia HQ
• Smart Water CoE
• Global Command Centre
• Leading local desalination
player
• Manufacturing of
membranes / systems
• APAC HQ ex-China
• Global Supply Chain
Management hub for e-
desal technology
• Leading local utilities player
• Recently launched Global
Asset Management System
at Jurong Island
• Local EPC company
diversifying into Water
• Constructing Singapore’s 3rd
desalination plant at Tuas
• Local start-up manufacturing
3D printed nano composite
membranes
• APAC Ex-China HQ
Local Companies
Foreign MNCs
• Global competence centre for
microelectronics
• Engineering support for
industrial wastewater projects
in Asia
23
WORLD CLASS PUBLIC RESEARCH CAPABILITIESSINGAPORE UNIVERSITIES RANKED TOP 2 IN WATER RESEARCH GLOBALLY
Top 2NTU and NUS
24
NEWRI’S CAPABILITIESVARIOUS CENTRES OF EXCELLENCE TO SOLVE MULTITUDE OF INTEREST AREAS
Environmental Process
Monitoring Centre
• Hydrologic and hydro-
environmental modelling and
simulation
• Process modelling and
simulation for industrial water,
wastewater and waste
• Molecular dynamic simulation
Advanced Environmental
Biotech CentreEnvironmental microbiology and
bioprocesses applied to
environment and water
Nanyang Environmental & Water Research Institute (NEWRI)
Residues, Resource and
Reclamation CentreWaste to materials, waste to
energy and remediation of
contaminated sites, with
strong focus on
biotechnology
Environmental Chemistry
and Materials Group Advanced materials, water
chemistry, air quality detection
and sensing
Singapore Membrane
Technology Centre• Novel membranes
• Forward osmosis and membrane
distillation
• Ceramic membranes
Industry Collaborations:
Total: ~200 researchers
25
SEPARATION TECHNOLOGIES APPLIED RESEARCH TRANSLATION (START)
Singapore Membrane
Technology Centre (SMTC)
Membrane Science & Tech
Consortium (MSTC)
Multidisciplinary group of 25 fellows,
100 researchers, consolidation of NUS
IPs & knowledge
Separation Technologies Applied Research & Translation (START)
National infrastructure to translate intellectual property (IP) from local universities by
working closely with industry to develop and commercialise low energy, high-efficiency
separation technologies for various applications
1
2
9
8
7
6
5
4
3
Part of NEWRI ecosystem led by
eminent imminent global membrane
thought leader Prof Wang Rong
Living Lab Fund (Water)
TRL
Activities include:
Prototype development
Module production & testing
Systems modelling & optimisation
Pilot manufacturing
Manpower:
Engineering Team
Business Development Team
Equipment:
Fabrication & assembly systems
Lab-based & on-site pilot systems
Industry take-up, piloting and commercialisation
Industrial Living Lab
START is leading the
Singapore National
Membrane Consortium
Domains include:
- Water and Environment
- Energy
- Food & Beverage
- Pharmaceutical &
Biomedical Applications
26
TECHNOLOGICAL BETS TO ADDDRESS NATIONAL NEEDS
Biomimetic MembranesBlue EnergyElectrochemical Desalination
Evoqua-PUB demo plant (ongoing)
Short to medium term Medium Term Medium to Long Term
Defi
nitio
nPilot
Tim
eline
Outc
om
e
On-going pilot and demo plant in 2019
Technology developed and commercialised through Singapore,
supply chain management and manufacturing anchored in SG
NTU-Hyflux partnership for commercialisation
Biological membrane (naturally occurring proteins called
aquaporins) with high flux
Salinity gradient energy from difference in salt concentration
btw seawater & river water
Removal of salt from water by transporting ions through
membranes under electric current
Targ
et
coys
To be revealed
27
Treatment of industrial
wastewater through
Upflow Anaerobic
Sludge Blanket (UASB)
and ceramic Membrane
Bioreactor (MBR) system
Real time monitoring of
water quality and
distribution
Advanced Meter
Reading and
Stormwater
Management
LIVING LAB - WATERPUB HAS CONDUCTED MORE THAN 150 PILOTS AT ITS FACILITIES
Opening of facilities on
Jurong Island and
mainland to test water,
environment and energy
technologies
28
SINGAPORE – A REGIONAL HUB FOR SMART WATER SOLUTIONS
A strong base of IT and OT technology providers developing pioneering digital solutions out of Singapore
81-man Global IoT
Digital Services CoE
40-man CoE10-man Global IoT Lab for
Smart Filtration
300-man Digitalisation Hub
30-man Global Smart Water
Data Command Centre & core
development team for the
ViewTM Platform
29
Cost reduction for
industrial end users
Lead demand
generated for IWS
providers
Govt savings from
reduced infra
spending
Water
Recycling
Seawater
Cooling
Process Water
Optimization
Smart Water
Benchmarking
• New end-user funding scheme
• Matchmaking solution providers
and adopters
INDUSTRIAL WATER IMPLEMENTATION DRIVE
Focus Areas Final Outcomes
Thank you
For further enquires, please contact EDB Regional Director EU
Ms Yidan SUN via [email protected]