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sedb.com
Breakfast Talk atFCCS-BLBGEntrepreneurs/Asia
Committees
16th March 2010
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Agenda
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sedb.com
SingaporesEconomy
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Singapore at a glance
Open immigration policy:4.99 million people with ~1million resident expatriates
Cosmopolitan City:English-speaking workforce,4 official languages
Pro-business environment:
Strong IP protection andattractive tax regime
Regional Business Centre:>7000 MNCs, 4000 with regionalfunctions
Excellent Connectivity:Logistics, communications andtrade links
2009 GDP Growth: -2.0%
Source: Singapore Dept of Statistics 2010 (19 Feb)
BusinessServicesConstruction
Transport &Communications
Wholesale &Retail Trade
Others
2009 (p) GDP:
S$257.6 billion (134.9)
Manufacturing
FinancialServices
18%
14%
14%
12%
6%
17%
19%
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Major Industry Sectors
Electronics
Biomedical
Sciences
Precision
Engineering
TransportEngineering
Chemicals
Logistics
Education
Services
HealthcareServices
ConsumerBusinesses
Infocomms& Media
ProfessionalServices
Energy
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New Areas of Growth
Digital Media
Clean Energy
Environmental
Technologies
Bio-technology
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Grow IndustryVerticals Enhance BusinessEnvironmentAttract ForeignInvestment
Singapore EDB
Lead Government Agency that Plans and ExecutesEconomic and Industrial Development Strategies for Singapore
OUR GOAL
Shaping Singapores Economic Future
OUR VISIONSingapore: A Compelling Global Hub for Business,
Investment and Talent
OUR MISSION
Create Sustainable GDP Growth for Singapore withGood Jobs and Business Opportunities for its People
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Emerging fromthe EconomicDownturn
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A Positive Turn in Singapores
Economy
Real GDP grew by 4% in on a year-on-year basis in Q4 2009
Manufacturing output increased 39.4% in
Jan 2010 on a year-on-year basis
Services sector grew by 6.6% in Q4 2009
Singapores 2009 GDP growth was -2% Previous forecast -4% to -6%
Projected GDP for 2010 4.5% to 6.5%
Recent performance
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Economic Strategies Committee
Growing through skills and innovation.
Anchor Singapore as a Global-Asia hub.
Build a vibrant and diverse corporate ecosystem.
Make innovation pervasive, and strengthen commercialisation of R&D.
Become a smart energy economy.
Enhance land productivity to secure future growth. Build a distinctive global city and an endearing home.
Making Singapore a vibrant and distinctive global city
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Budget 2010
S$5.5 billion over the next 5 years
Aim: To raise productivity by upgrading skills andsupporting enterprise investments ininnovation
3 major components: Enhancing Skills & Innovation Growing Globally Competitive
Companies Developing Future-Ready
Solutions & OptimisingResources
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Highlights of Budget 2010
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From Host to Home
Is about the ClustersClustersthat we have built up inCKICKI industries based on
our core fundamentals ofTrustTrust, KnowledgeKnowledge,ConnectedConnected and LifeLife
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Asia will play an increasinglyAsia will play an increasinglyimportant roleimportant roleGrowth marketR&D baseManufacturing baseOutsourced services base
Positioning SingaporePositioning SingaporeSingapore in the centre of AsiaHome away from home for US and European MNCsSpringboard for Asian growth companies to go globalManufacturing and R&D control towerContinue to move up the value chain of manufacturing and
R&D activities
Home for Business
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Fastest growth in %of new millionaires
Country% Ages 65+
(2004)
Japan 19.2
Singapore 8.2
China 7.2
Indonesia 5.4
South Asia 4.8
One of the fastestageingpopulations in
Asia
Rank
Singapore
India
Indonesia
Russia
UAE
South Korea
Source: Merrill LynchWorld Wealth Report
The City State
Preparing for 6.5M population (from 4.6M)
Affluence Ageing
Urbanisation
LifestyleProducts& Services
Health& Wellness
UrbanSolutions
Business Growth Themes
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Global MarketsIndustry Technology Business
Resources
Internationaliseour solutions andcompanies Working with the Private Sector
Companies and Research Institutes Intrapreneurship
Microcosm of AsiaThe primary driver of future solutions
Government Policy Tools Infrastructure
Create products andservices to addressglobal market demand
LivingLab
PrototypeNew
ConceptsFirst
Adoption
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Singapores needs
Home for Innovation
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Urban Solutions
Green Transportation Intelligent Transport
Systems
Green Transportation Intelligent Transport
Systems
Public safety
Homeland security Command and control systems
Public safety
Homeland security Command and control systems
Renewable energy Intelligent grid
management Energy efficiency
Renewable energy Intelligent grid
management Energy efficiency
Telecommunications
Green IT E-Government
Telecommunications
Green IT E-Government
URBAN
SOLUTIONS
Green buildings Urban greenery Urban planning
Green buildings Urban greenery Urban planning
Waste and water
treatment Pollution control
Waste and water
treatment Pollution control
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Health & Wellness
From healthcare problems...
...to healthcare solutions
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Lifestyle Products and Services
From national quirks...
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Developing your future leaders
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BusinessBusinessSchoolsSchools
Academic & Practical R&D
MBA & EMBAExecutive programmes
ThoughtLeaders
Gurus on leadership
Prof Svcs FirmsPractical R&D
Translate insights intoapplications
Training programmesConsulting &
solutions-providing
CorporateUniversities
Grow, develop, retainemerging leaders
The Singapore LINKLeadership Initiative for building Networks and Knowledge
The Singapore LINKLLeadershipeadership IInitiative for buildingnitiative for building NNetworks andetworks and KKnowledgenowledge
Thought &Thought &PracticePractice
LeadershipLeadership
Practice
Programme
ContentContentDeliveryDelivery
ContentContentDevtDevt
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Putting it all Together
Home forHome forInnovationInnovation
Future-ready solutions forGlobal and Asia markets
Home for TalentHome for TalentGlobal talent for Asia, and
Asian talent for globalreadiness
Home forHome forBusinessBusiness
Global-Asia Value Propositions& Pan-Asian Integrator
Launchpoint for Asian Enterprises to Regionalise & InternationaliseLaunchpoint for Asian Enterprises to Regionalise & Internationalise
First & Essential Base in Asia for Global SMEsFirst & Essential Base in Asia for Global SMEs
Home in Asia for MNCsHome in Asia for MNCs
Singapore as the leading
Global Business City in AsiaGlobal/Intl/Asian HQs, Control Towers, Differentiator Activities
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