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THE SINGAPORE STORY_
2
Singapore Story_
Our Approach
2
Strategies for the Future
4
Singapore at a Glance
1
Industry Snapshots
3
3
Singapore at a Glance_
4
Overview of Singapore Economy_
2011 GDP growth: 4.9%
2012 GDP growth forecast: 1% to 3%
Source: Annual Economic Survey 2011 US$1.00 = S$1.2579 (2011 av.) (p) = preliminary Source: EDB RSU Census & Surveys
2011 (p) Total output in
Manufacturing Sector:
S$285 billion (US$227 billion)
2011GDP:
S$327 billion (US$260 billion)
Electronics 30%
Chemicals 34%
Biomedical Manufacturing
9%
Precision Engineering
10%
Transport Engineering
9%
General Manufacturing
Industries 8% Manufacturing
21%
Wholesale & Retail Trade
17%
Transport & Communication
12%
Financial Services
12%
Business Services
14%
Construction 4%
Others 20%
5
Our Industrial Transformation_
0
1960
5000
10000
15000
20000
25000
30000
35000
40000
1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008
GD
P/C
apita (
US
$)
2000s: Knowledge Intensive
90s: Technology Intensive
80s: Capital Intensive
70s: Skills Intensive
60s: Labour Intensive
GDP per capita 80x in 47 years
Into 2010 and beyond:
Innovation Intensive
6
50 years of economic development_
SINGAPORE’S ECONOMY AND THE ROLE OF EDB_
Presence of 7,000 MNCs, 60% with Headquarters
Best Labour Force
Source: BERI’s 2010 Labour Force Evaluation
Source: The Global Competitiveness Report 2009-2010, World Economic
Forum
Strong IP Protection
Rank Country
1 Singapore
2 Sweden
3 Finland
4 Switzerland
5 Austria
Rank Economy Score
1 Singapore 100.000
2 Hong Kong 99.357
3 USA 99.091
4 Switzerland 96.126
5 Australia 92.172
World Competitiveness Scoreboard 2010
Source: IMD World Competitiveness Yearbook 2010
Ease of doing business
7
Among the Fastest Growing Economies_
GDP per head 2011 : US$59,711(PPP)
(IMF)
GDP Growth 2011 : 4.9%
Total Trade 2011 : US$ 775 bn
Inflation (CPI, 2011) : 5.2%
Unemployment 2011 : 2.0%
S$ 2011 : US 79 cents
FDI (2010 ) : US$ 453.67 bn
Source: International Monetary Fund 2012
Economic Survey of Singapore 2011
USS1.00 = S$1.2579 (2011)
US$1.00 = S$1.3635 (2010)
8
• Total Population 5.18 million
• Non-Residents 1.2 million
• Multicultural Chinese (74%),
Malays (13%), Indian/Others (13%)
• Multilingual English as first language
Vibrant culture_
9
• Safe, Green Environment
• Good schools, including 45* international schools
• Comprehensive Leisure Facilities
• Quality healthcare
Quality of life_
* Correct as of December 2008
10
• Homes with Computers (84%)
• Household Internet users (82%)
• Mobile Phone Penetration (150%)
Tech savvy_
Source: Annual Survey on InfoComm Usage, IDA 2010 Statistics on Telecom Services Mar 2012)
11
Singapore EDB_
Grow Industry Verticals
Enhance Business Environment
Attract Foreign Investment
OUR VISION
A Global Leader, a Great City and a Home in Asia for Business, Innovation and Talent.
OUR MISSION
We create for Singapore, sustainable economic growth with
vibrant business and good job opportunities.
12
Manufacturing & Services : Twin Engines of Growth for Singapore_
Logistics
Education Services
Infocomms & Media
Professional Services
Consumer Businesses
Bio-technology
Healthcare Services
Clean Energy
Environmental Technologies
Digital Media
Manufacturing Services New Areas
Electronics
Transport Engineering
Chemicals
Biomedical Sciences
Precision Engineering
13
Global leadership positions_
Over 40% hard media market share
10% of foundry wafer output
14 silicon wafer fabrication plants
Electronics: Key semiconductor cluster in Asia
Biomedical Sciences: Biopolis of Asia
Regional headquarters to all of the top ten medical technology companies
Regional headquarters to 8 of the top 10 pharmaceutical companies
>50 Pharma, Medtech and Biotech commercial-scale manufacturing facilities
>4,400 researchers
Transport Engineering: Design, build & repair hub
70% of world’s jack-up oil rigs Largest and most comprehensive MRO centre in
Asia Largest Asia Pacific location for Oil & Gas
equipment manufacturing
Chemicals: One the largest refining & petrochemicals centre
Jurong Island: integrated world class energy and chemical hub
Close to 100 leading global petroleum, petrochemicals and specialty chemicals companies
14
Our Approach_
15
Core Economic Principles_
Conducive business environment
– Excellence, reliability, transparency and honesty
– Harmonious industrial relations
– Meritocracy and individual self-reliance
Prudent macroeconomic policies
– Disciplined fiscal spending
Integrated infrastructure
Education and Training
Outward-orientation
– Embrace globalisation, opening market to competition
– Attract foreign investments and talents
Source: World Bank “Doing Business 2012”
Ease of Doing Business
2012 Rank Economy
1 Singapore
2 Hong Kong
3 New Zealand
4 United States
5 Denmark
6 Norway
7 United Kingdom
8 Korea
9 Iceland
10 Ireland
11 Finland
12 Saudi Arabia
13 Canada
14 Sweden
15 Australia
16
Strong industry ecosystem_
Changi & Loyang Aerospace Parks
Jurong Island Petrochemical Complex
Seletar Aerospace Park Causeway
26 miles (42 km)
14
mile
s (2
3 k
m)
N
Wafer Fabrication Park
Offshore Supply Base
Wafer Fabrication Park
Tuas Biomedical Park
One North Biopolis
17
Physical Infrastructure_
Jurong Island •Integrated chemical complex reclaimed from 7 islands. •Proximity to customers/suppliers. •Over S$30 billion capital investment attracted.
Biopolis •Integrated R&D complex with “plug and play” facilities. •Co-location of public and private R&D labs.
18
Building innovation capacity_
Private sector innovation &
commercialisation
Universities
Public research institutes
Applied research
& talent
An ecosystem of industry-led research, supported by public institutes and universities
19
Engineering & Science Talent_
ITE Polytechnic
University Total
5,100
5,390
14185
9170
17282
9386
60%
40%
Others
Science and Engineering
Engineering & Science Graduates
32,270
21,910
Strong focus on engineering & science
27,900 graduates with engineering or
science qualifications each year
Source: Singapore Yearbook of Manpower Statistics 2010
17282
9386
5369
4357 9170
14185
31821 27928
47% have an engineering/ science
qualification
20
What are Singapore’s Major Sectors?
21
Sector Snapshot: Finance
22
24
Singapore – Largest WM Centre in Asia
Switzerland $2.1tn
Luxembourg $0.6tn
UK, Channel Islands & Dublin $1.9tn
Caribbean & Panama $0.9tn
United States $0.7tn
Singapore $0.52tn
Hong Kong $0.34tn
Wealth held in key offshore centres, 2010
Source: BCG Global Wealth Market-Sizing Database, 2011
27
Sector Snapshot: Industries
28
Consumer Business / FMCG
29
Professional Services
McKinsey
Global management consulting firm McKinsey & Company announced that it will establish the McKinsey Innovation Campus (MIC) to drive the firm’s Asian intellectual property creation efforts
in areas such as consumer insights, energy, telecommunications and the public sector. MIC’s first-of-kind projects will aim to create new tools and methodologies for deployment in Asia and beyond. These projects will lead to around 40 new high skilled jobs.
30
Electronics
MEDIATEK INC MediaTek, a leading provider of chips for wireless
communications, optical storage and HD TVs, announced its intention to invest S$120 million to expand its operations here. Singapore will be one of two global MediaTek sites for integrated circuit design services, and house the company’s regional headquarters for IT, logistics and manufacturing management functions.
31
Infocomm Products & Multimedia
32
Engineering
Logistics
33
Chemicals
34
Pharmaceuticals, Healthcare, Biotechnology & Medical Technology
35
Alternative Energy
36
Strategies for the Future_
37
Extending Singapore’s Value Proposition…
To also Home
Efficient Hub
Managing Bottom Line
Adding Value
From being a Host
Essential Hub
Growing Top Line
Creating New Value
38
Through 3 Dimensions
Is about the Clusters that we have built up in CKI industries based on
our core fundamentals of Trust, Knowledge,
Connected and Life
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