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Chronological Progress Report

In:

Submitted By vixen85
Words 398
Pages 2
To: Diane Kullman CEO of American Express International, Inc.

From: Stella Consulting Agency

Subject: Progress on Stella Consulting Agency’s formal report on the expansion of American Express International, Inc. in Singapore

Stella Consulting Agency has obtained most of the information necessary to decide further strategies on expanding American Express International, Inc. banking business in Singapore. The agency is currently analyzing and organizing the information for the formal report. The formal report will be submitted no later than December 13.

Work Completed

To investigate the feasibility of American Express International, Inc. expanding operations into Singapore, Stella Consulting Agency submitted a research proposal that defined our topics to investigate a list of preliminary sources. The research proposal includes the problem, country overview, and qualifications sections. Three sources that were discovered have also been included in the methods section. The three sources are:

1. The multi-cultural cosmopolitan city of Singapore is the most competitive in Asia and is officially the world’s easiest place to do business.

2. The Government is well known for its pro-business policy regardless of world economic situations and crisis, while promoting assets such as integrity, quality, reliability, productivity, rule of law and enforcement of intellectual property rights.

3. Government approval is not required for foreigners to do business in Singapore and 100 percent foreign ownership is permitted; however, there are a few exceptions such as banks and other financial institutions, which require approval from the Monetary Authority of Singapore (MAS).

Furthermore, we have also included the information about Singaporean business competitors, workforce, development, trade and investments into our research.

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