"In this new and changing environment, Singaporeans need to become more self-reliant in their financial affairs. They must acquire the knowledge and skills to manage their day-to-day finances, make prudent investments and plan for their longer-term needs."
- Deputy Prime Minister and Chairman of the Monetary Authority of Singapore, Mr. Lee Hsien Loong in a parliamentary address on 16 October 2003.
Business Related Trends
First I'll introduce a must know but not well known website where lots of information regarding Singapore can be found: http://www.sg/
Here is an pdf file of the Business Receipt Index for Service Industry 2nd Quarter 2008.
From this data, we can see that the service sector is doing fairly well, with an overall increase of 13.3%.
Areas mentioned include:
- Communication and IT Services
- Fianncial and Insurance Services
- Real Estate and Leasing Services
- Business Services
- Education, Health and Recreational Services
Business Expectations Survey of the service sector shows the forecast of the 3rd quater. It demonstrated the optimism of Singapore Department of Statistics in areas like Hotel, Infomation & Communications, Transport & Storage, Real Estate, Business Services, Wholesale Trade by projecting a positive net balance percentage increments.
Singapore Manufactured Products & Domestic Supply Price Indices showed a decline in the manufacturing sector. It could be the result of the global financial slow down.
Business related information for aspiring entrepreneurs could be easily accessible at this website: http://www.business.gov.sg/
The site contained valuable information from start-up guide to funding options to business laws to exiting a business.
Below are some of the projects the government has engaged to maximise foreign land use
Indonesia and Singapore's Collaboration
Singapore And Indonesia Strengthen Commitment In Developing Sezs In Batam, Bintan And Karimun
Singapore and India's Collaboration
Attracting Foreign Visitors and Transforming into Consumer Paradise
Integrated Resort
http://app.mti.gov.sg/default.asp?id=585
http://www.integratedresorts.com.sg/gov/
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