...Introduction Singapore, dubbed as the “Asian Switzerland” and recently the most expensive city in the world (Ranasinghe, 2014). Many conditions attributed to the exponential growth (i.e.: favourable tax regime, stable political climate, effective regulatory bodies) and prima facie, the robust human capital supporting its economy has well augmented it to be an economic powerhouse (Hui, & Toh, 2014) – despite the disparity in land size compared to her neighbours and the lack of natural resources. Section one of this reflective commentary examines the factors concerning and influencing Singapore’s graduate employment opportunities (GEO) from different perspectives and viewpoints. Section two delves into my professional career pathway till date. Deliberating input from psychometric analysis, peer feedback and personal preferences, this commentary discusses on the suitability of my desired role as a Business Development Manager at an Online Travel Agency (OTA). Section three would then discuss on recommendations for personal growth and professional improvements for career advancements. The standard font size is Times Romans 12 or Calibri 12 or Arial 11. 2|Page  1. Graduate Employment Opportunities 1.1. An overview From a labour-intensive economy in the years following independence, Singapore transformed into a capital-intensive and finally a knowledge-intensive economy (Gopinathan, Yiu & Saner, 2014). Gross Domestic Product per capita has nearly doubled itself in less...
Words: 4111 - Pages: 17
...Political: In Singapore, the state has taken on the role of promoter and practitioner of Corporate Social Responsibility, a logical development in view of the dominant role of the government in the local economy. The Economic Development Board Act exists to stimulate the growth, expansion and development of Singapore’s economy. A good example of the role the Singapore government has played in fostering economic growth is the Changi airport and the Singapore Airlines. The Singapore government investment and holding company, Temasek Holdings is the majority shareholder with 54% shareholding of the Singapore Airlines. However, the Singapore government has regularly stressed its non-involvement in the management of the company. The Singapore government also owns Changi Airport that was developed in 1975 to replace the Paya Lebar Airport. Both of these enterprises have become enormously successfully and are a good example of the thoughtful and forward-looking economic policies promoted by the Singapore government. Singapore is an enterprise friendly country. The government has set ups several organizations in helping the business in a very systematic way: 1. Regulation Structure (a)Ministry of Trade and Industry (MTI): It’s mission is to make Singapore a leading global city of talent, enterprise and innovation. Its mission is to promote economic growth and create jobs, so as to achieve higher standards of living for all. The vision of the Ministry of Trade and Industry is to turn...
Words: 1597 - Pages: 7
...Ltd and Singapore is the selected country. The purpose of this report is to conduct environmental analyze followed by the PESTEL analysis and Poster’s 5 forces on both company and country. In this report includes the strategic and recommendation. Cotton On Pte Ltd is an Australia retail chain and the largest value of fashion brand in Asia as it has started twenty years ago. Cotton on have been maintaining and improving the service and the standards of the merchandise. (Cotton On company profile, Rebecca, 6th June 2005). Cotton On Pte Ltd first retail store was opened in 1991 at Geelong and Nigel Austin, who grew up in Geelong, founded it and at the age of 18, he decided to design a denim acid jacket and sell it at Beckley Market. (Cotton On Pte Ltd, (N.D).) Cotton On have other few retail stores with other brand names such as “Typo, Cotton On Kids, Rubi”. As for this report the country that has been chosen is Singapore. Although Singapore is a small country/island, it is an economic giant. (About Singapore (N.d).) For a long time ago, Singapore are known as "Pu-luo-chung" . Afterwards, it was named “ Temasek “ when the first settlement established in the 1298 – 1299. Singapore gained its independence on 1965. Singapore is a multi racial country and it consists of different races that is Chinese, Malay and Indian. In terms of education, Asian country took the top five rankings. (Singapore tops biggest global education rankings published by OECD, MAY 13, 2015) Singapore is the...
Words: 1937 - Pages: 8
...Global Economic Environment Singapore should focus industrial policy on biomedical sector Summary: Singapore has managed to achieve remarkable economical growth during 1970s to 2000s. The per capita GDP increased from US$914 in 1970 to US$20,748 in 2002. However, new concerns required Singapore adjust its old policies in early 2000s to be more competitive in the global trade while helping its people to be better-off. _____________________________________________________________________________________________________ Singapore was successful in building comparative advantages in the past three decades. The rapid economic growth of Singapore was achieved through tight government control on attracting foreign direct investment. FDI has been the principal source of external capital for growth in Singapore. * Singapore invested tremendous amount of time and money in building infrastructure and improving efficiency, provided tax incentives and educated labors. By 2000, cumulative FDI stood at US$114 billion. * Total trade making up 277% of GDP in 2001 because of “Free Trade” policy. * The Monetary Authority of Singapore (MAS) maintained a low inflation rate through an exchange rate-centered policy. New challenges behind the numbers Although the GDP looks good on the paper, the benefits of the country were not shared with the individuals. * External influence such as high FDI that China achieved due to its comparative advantage, disputes with other countries...
Words: 856 - Pages: 4
...Master of Business Administration Assignment in Marketing Management Singapore Tourism Marketing Strategy Evaluation Dimitri Blättler Malcolm Ferguson Sascha Gartenbach Shama Rahman 8th August 2011 2/30 Document information Title: Singapore Tourism Marketing Strategy Evaluation Topic: Marketing Management deadline: 8th of August saved: 8. August 2011 Page count: 30 excluding Layout Version Version date changes responsible V1.0 8.08.2011 Turn- it in Version Authors (see front) © by the authors This report is confidential and intended only for members of the University of Strathclyde. The University of Strathclyde is entitled to use the information provided herein by the authors for the agreed purpose only. Use of this information for purposes not stipulated in the original order is strictly prohibited. Swiss centre of University of Strathclyde Zurich Tel. +41 44 305 95 11 · Fax +41 44 305 95 19 · www.awk.ch 3/30 Table of Contents 1. Executive Summary ................................................................................................................. 6 2. Situational Analysis.................................................................................................................. 7 2.1. 2.2. SWOT......................................................................................................................... 13 2.2.1. Strengths................
Words: 2012 - Pages: 9
...economic surplus hence it creates more jobs for the people. For example the declined price of oil barrels in the oil and gas sector will also affect Oil Drilling companies in terms of selling price and expenditures. Generally, there is a need to cut unnecessary spending in order for oil companies to survive. Other source of income is tourism, agriculture and manufacturing. Hence as economic development improves, there are varieties of consequences that will change the current state of the economy such as the disappearing jobs, the projected jobs for the future and the types of education required to prepare for the projected jobs. As Brunei Darussalam is working towards achieving...
Words: 934 - Pages: 4
...The JobsCentral Learning Rankings and Survey Report 2013 An annual study of the private higher education rankings and learning preferences in Singapore December 2013 This report is published by: JobsCentral Pte Ltd http://jobscentral.com.sg 3A International Business Park, #08-08, ICON@IBP, Tower A, Singapore 609935 Survey Contacts: Gerald Goh geraldgoh@jobscentral.com.sg | Jonathan Tay jonathantay@jobscentral.com.sg Copyright © 2013 JobsCentral Pte Ltd, a CareerBuilder company This document is copyrighted; any unauthorized use of it may violate copyright, trademark and other laws. For permission to use content from this document or reprints, please contact JobsCentral at geraldgoh@jobscentral.com.sg or call (65) 6778 5288 JobsCentral is a company. The JobsCentral Learning Rankings and Survey Report 2013 01 INTRODUCTION Since its launch in 2009, the JobsCentral Learning Rankings and Survey series is the largest and most comprehensive research on Singapore’s private education landscape. The report is based on an independent research project by the JobsCentral Group, and comprises two main categories: rankings of Singapore’s private education institutes (PEIs), and the learning preferences of the general population aged 16 and above. This year, 8,367 people responded to the online survey, which ran from 1st October to 3rd November. Incomplete and duplicated responses were discarded and do NOT contribute to this count. Results of this survey are statistically...
Words: 9780 - Pages: 40
...TOPIC HEALTH CARE SYSTEM IN SINGAPORE CASE STUDY PARKWAY HEALTH XXXXXXXX College University of Wales STUDENT ID- Anonymous (XXXX- XXXXX) INDEX 1. Introduction 3 2. Education system 4 3. Healthcare status 5 4. Health care system 5 5. PESTEL analysis 12 6. SWOT analysis 14 7. References 15 INTRODUCTION One of the most prosperous countries in the world was founded just 200 years back. Singapore was founded as a colony by British Empire in 1819. In 1963 it was under Malaysian federation for 2 years but it detached itself from that identity and now is an independent country. Known for the conservatism of its leaders and strong discipline in social controls, Singapore has grown to be one of the most important trading links in the world. Singapore’s port is one of the busiest ports in the world in terms of amount of cargo it handles. The country comprises of Main Island along with 50 small islands and they are linked to Malaysia by bridge and causeway. The location of Singapore is around south eastern Asia, an island between Indonesia and Malaysia. The latitude and longitude coordinates for Singapore are 1 22 N, 103 48 E. With covering a total of 697 sq km, it has land of more than 687sq km and water of somewhere over 10 sq km. It also enjoys a strip of 193 kms of coastline. On the comparison of countries in the world, it lies at 192 rank. The prosperity and the economic importance...
Words: 3664 - Pages: 15
...Master of Business Administration Assignment in Marketing Management Singapore Tourism Marketing Strategy Evaluation Dimitri Blättler Malcolm Ferguson Sascha Gartenbach Shama Rahman 8th August 2011 2/30 Document information Title: Topic: deadline: saved: Page count: Singapore Tourism Marketing Strategy Evaluation Marketing Management 8th of August 8. August 2011 30 excluding Layout Version Version V1.0 date 8.08.2011 changes Turn- it in Version responsible Authors (see front) © by the authors This report is confidential and intended only for members of the University of Strathclyde. The University of Strathclyde is entitled to use the information provided herein by the authors for the agreed purpose only. Use of this information for purposes not stipulated in the original order is strictly prohibited. Swiss centre of University of Strathclyde Zurich Tel. +41 44 305 95 11 · Fax +41 44 305 95 19 · www.awk.ch 3/30 Table of Contents 1. 2. Executive Summary ................................................................................................................. 6 Situational Analysis.................................................................................................................. 7 2.1. Market Summary .......................................................................................................... 7 Target Markets Evaluation.............................................................................. 7 2.1.1. 2.1...
Words: 2012 - Pages: 9
...Singapore – Country Analysis Vineet Khattar; Group Work 9/29/2012 Contents Country Background: .......................................................................................................................... 3 Cultural Aspects of Singapore: ............................................................................................................ 3 Political context................................................................................................................................... 3 Economic policies of Singapore .......................................................................................................... 4 Institutional Framework ..................................................................................................................... 5 Labor Policies of Singapore ................................................................................................................. 7 Objectives of the country: .................................................................................................................. 8 Corresponding Policies Implemented by the Government ................................................................ 8 Performance ....................................................................................................................................... 9 Opportunities, Challenges and Risks......................................................................................................
Words: 3564 - Pages: 15
...directly analyze Singapore in his analysis, although many of his suggested areas for improvement can be found in Singapore’s strategy over the past 50 years. In many ways, the Singapore Model has been an example of success in focusing on productivity to produce growth and value. It also provides a counterexample to several of Lewis’ ideas arguing against market distortions and level playing fields. I will now outline Lewis’ main ideas, and analyze them according to the Singaporean experience: - Industry Analysis: Lewis advocates for analysis at the industry level, rather than the macroeconomic level. Singapore has also followed an approach that has favored industrial policy. Recognizing its lack of natural resources, Singapore since the 1960s has focused on investing in 4 key industries: ship refitting and repair, metal engineering, chemicals and electrical equipment. The current emphasis is on the biomedical science industry. Singapore has been effective at identifying key industry “clusters” for development and growth, strategies that move its economy up the value chain towards knowledge-based sectors. The country can improve upon this by identifying new industries, such as the latest focus on biotechnology, which are beyond the currently established industries from decades past. - Skill training vs. education: Lewis argues that education is not directly linked to productivity, and that job skill training is more important to a society. In 1979, Singapore created the Skills...
Words: 1651 - Pages: 7
...Key characteristics of the industry Companies in the F&B industry are defined by the Singapore Department of Statistics (2011) as “establishments engaged in the sale of prepared food and drinks for immediate consumption”, which consists of restaurants, fast food restaurants, food caterers and others (food courts, cafes, etc). This is consistent with The Chicken Rice Shop’s (TCRS) product offering consist of local food fare and has a “quick serve” restaurant concept (The Chicken Rice Shop 2010). Thus the identified industry for TCRS is the F&B (F&B) industry. More specifically, in the industry segment of Fast Food Outlets. Size of Food & Beverage Industry (as at 2010) % Growth from 2009 to 2010 Number of Establishments* 6,197 + 3.8% Number of Employment 91,264 + 1.9% Operating Receipts ($) 6,239,943 + 10.6% Total Operating Expenditure ($) 5,918,149 + 10.2% *Does not include unregistered establishments and establishments which provide both lodging and F&B services. (Singapore Department of Statistics 2010) Statistics for each industry segment 4000 2000 0 Establishments Operating Receipts Operating Expenditure 376 3257 2261 304 803 2320 711 2406 775 2259 591 2293 Fast Food Outlets Restaurants Food Caterers Others Employment Statistics for Each Industry Segment Employment 0 5793 13159 35150 37163 Others Food Caterers Restaurants Fast Food Outlet 5000 10000 15000 20000 25000 30000 35000 40000 Among the four industry segments, the only industry segment that has shown potential...
Words: 1457 - Pages: 6
...Singapore Culture Vera Brickey Anthropogist 101 September 20.2011 Instructor:Michael King This report will therefore bring you through the changes that had taken place in Singapore’s labor market from the past to present. I will touch on a few crucial aspects leading to these changes, namely, globalization, technology advancement, and education. Last but not least, I will also comment on the strategies some employers had adopt on ensuring their continuing success. Singapore is a small island country in Southeast Asia. It lies at the southern tip of the Malay Peninsula near the meeting of the South China Sea and the Indian Ocean. Singapore consists of a large island and more than 50 smaller islands. The large island, which is also called Singapore, covers about 250 square miles (650 square kilometers). The other islands have a combined area of about 20 square miles (50 square kilometers). About half are uninhabited. Singapore was originally settled by Great Britain in 1819 as a port of call. The British used Singapore to extend their territories in Indonesia. It remained under British rule until 1941 when Japan bombed and captured Singapore. After three years of Japanese rule, British forces returned to the island. By this time Singapore was longing for self-government. Singapore realized its need for independence in 1959 holding its first general election. The new, independent Singapore was voted into the United Nations in 1965. On December...
Words: 1218 - Pages: 5
...Summary of article The central bank of Singapore; Monetary Authority of Singapore (MAS), has reported slowing down the pace of the Singapore dollar's appreciation to stimulate the economic growth. During the beginning of the 4th quarter this year, it was reported that Singapore's core inflation had reached a six-month high record of 0.6 per cent in the year, but the possible issue of deflation due to the slow global growth is still the primary concern for most. One of the other reason that why MAS wants to use a more aggressive easing approach to slow the local dollar’s gain against its trading partners could be the need of guarding against the import inflation. Due to high demand, Singapore yearly imports around S$464 billion of goods and major of them are the fruits and vegetables, the weakening of Singapore dollar compared to US dollar makes the prices of most imported perishable items more expensive. The secondary reason could be coming up with fiscal expansionary policy measures to revive the growth mainly because the government’s spending on building infrastructure over the past years have shown positive effects. Lastly, the estimation of unexpectedly stronger advance Gross Domestic Product (GDP) growth in the third quarter could be the reason for slowing the pace of local dollar appreciation. Introduction Due to the scarcity of land and labor, Singapore is facing not enough manpower and at the same time underemployment and...
Words: 2319 - Pages: 10
...priorities of education should be for your country and justify your reason for choosing these priorities. In Singapore, education is more or less a political and social engineering tool that prepares Singaporeans for the workplace of the future. In the 1960s, education was driven by the need for Singapore to survive as a small, independent city state with limited resources. Thus, there was a strong link between education and economic development. Given its history, it’s not surprising that Singapore still values education as part of the nation-building process. The main priority of education in Singapore should be economic growth. Singapore has no natural resources other than its own people. Given this situation, it is imperative that our human capital is completely harnessed and developed for nation building. Education, which allows for the accumulation of knowledge and skills, thus becomes vital for sustained economic growth. In this century, economies all over the world are transformed by globalization, to remain competitive, Singapore needs to transform itself into a global hub of knowledge and innovation driven industries. To achieve this, a world-class workforce that is creative, entrepreneurial and adaptable needs to be cultivated to survive the many challenges of this new century. However, as the article pointed out, education is also a personal right, an entitlement. While the government values education as a pre-requisite for economic progress, however education for the...
Words: 2321 - Pages: 10
