SINGAPORE

Group Members • SAUD 18• AFIFA 28• MOINUDDIN 38• ARSHAD AGHA 48• NUZHAT 58• RUKSHAR SURVE 68

Introduction to Singapore

• Location• Area• Government• Labour Force• Major Industries

• Currency• Population Growth Rate• Ethnic Groups• Population• Language

STEPIN Analysis SINGAPORE

Social Factors

• Employee Rights • Access to consumer goods • Education • Health-care

• Singapore is ranked 1st in Business Environment Risk Intelligence (BERI) Labour Force Evaluation Measure.

• Singapore has the best labour-employer relation in Asia

Technological Factors • The change in lifestyle and quality of life is the technological

advancement.• The residents could easily connect to the rest of the world.• The IT infrastructure in Singapore is praise-worthy. • The penetration rate for household broadband internet is over

70%.

Economic Factors

Singapore – A prosperous economic model for the rest of the world

Political Factors • Free Trade Agreements (FTAs) • Political and Government Environment• Handling Civil Disputes :

LitigationMediation

• Employment

• Competition Price-fixingSharing of markets or sources of supplyLimitation of production, markets, technical development

or investment

Singapore is ranked 5th in world and 1st in Asia for having the least corruption in its economy. (Source: IMD World Competitiveness Yearbook 2014)

International business Factor

• Singapore connectivity• Seeking a base in Asia• Networked economies• Global telecommunications hubs

Natural Factors

• Location• Climate• Terrain• Area• Environment

Analysis • Cultural differences • be aware of government-sponsored

programs• partner with quality professional service

providers • “Doing Business 2015 Report”, which

ranks Singapore as the world’s easiest place to do business in 2014 and 2015.