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CHIA Kai Chung | Dawn LEE | GAN Wei Yi
Frost & Sullivan Case Challenge: A Panacea for the World
Introduction Integrate Expand Implementation Conclusion
Panacea 2030: A high-income, innovation driven economy
• Strong manufacturing led export growth
• Developed storage, transport and logistics facilities
• Strong infrastructure
• Central geographical location
• Large population and market potential
Capabilities to be developedCurrent Capabilities• Development of skilled local
labor
• Encouragement of entrepreneurship
• Rise in innovation and R&D
• Improved inter-workings of ministries
CURRENT STATE ANALYSIS
Introduction Integrate Expand Implementation Conclusion
Key Objectives of NPF1) Increase contribution of services to GDP; 2) Increase exports of services; 3) Focus on high value adding mfg and services sectors; 4) Increase TFP
Our KPIs
Framework for evaluating our initiativesOur Considerations
• GDP• Employment• Productivity
• Education• Poverty
Reduction
• R&D Spending• Exports of high tech products
• Entrepreneurship• Foreign Investment• SME development Innovation
Value
Exports
Business Creation
Panacea 2030: A high-income, innovation driven economy
CURRENT STATE ANALYSIS
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
“A well balanced, inclusive approach, according to certain standards and ideals, is essential for the proper governance of any country.”
- Laisenia Qarase
Panacea as home for INTEGRATE
EXPAND
to move Panacea up the value chain.
Introduction Integrate Expand Implementation Conclusion
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
Panacea as home for INTEGRATE
EXPAND
Introduction Integrate Expand Implementation Conclusion
to move Panacea up the value chain.
“Good governance and modernity cannot be imported or imposed from outside a country.”- Emile Lahoud
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
Panacea as home for INTEGRATE
EXPAND
Introduction Integrate Expand Implementation Conclusion
to move Panacea up the value chain.
Talent
“Good governance and modernity cannot be imported or imposed from outside a country.”- Emile Lahoud
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
Panacea as home for INTEGRATE
EXPAND
Introduction Integrate Expand Implementation Conclusion
to move Panacea up the value chain.
Talent Innovation
“Good governance and modernity cannot be imported or imposed from outside a country.”- Emile Lahoud
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
Panacea as home for INTEGRATE
EXPAND
Introduction Integrate Expand Implementation Conclusion
to move Panacea up the value chain.
Talent Innovation Business
“Good governance and modernity cannot be imported or imposed from outside a country.”- Emile Lahoud
Introduction Integrate Expand Implementation Conclusion
Attract Overseas Talent
A PANACEA FOR TALENTINTEGRATE
A Deep Talent Strategy ensuring skills demand by all industries are met.
ExportValue Biz Creation
Innovation
Panacea for Talent Panacea for Innovation Panacea for Business
Develop Local Talent
Close workings between industry players, Economic Board and MOE
To allow seamless integration of graduates into workforce
Introduce on-the-job training and internships
Attract skilled foreign laborVia low personal income tax and attractive education options for their children
Attract overseas Panaceans to work or set up businesses
Via tax and special housing related benefits
Attract foreign students to work and travel or do an exchange in Panacea
Transfers overseas know-how to locals and serve as a plug to foreign concerns of no local talent
Introduction Integrate Expand Implementation Conclusion
A PANACEA FOR INNOVATIONINTEGRATE
Developing key processes and nurturing a culture for innovation to thrive.
ExportValue Biz Creation
Innovation
Panacea for Talent Panacea for Innovation Panacea for Business
Developing Key Processes Nurturing a Culture
Building a Sharing CultureBuild a culture of mentorship, sharing and exchange of ideas by hosting and then incentivising participation
Strong IP Protection
Widen channels of access to credit Innovation Credit SchemesProvide grants for initiatives targeted at addressing current gaps in commercial market or in public policy issues
Strong rule of law
Business Learning GrantsTo be used by local companies for overseas missions to learn about R&D processes in companies, attend R&D related conferences
Make credit market more competitive by introducing more suppliers, and also include angels and venture capital
Introduction Integrate Expand Implementation Conclusion
A PANACEA FOR BUSINESSINTEGRATE
Encourage business formation with improved accessibility and industry spillovers.
ExportValue Biz Creation
Innovation
Panacea for Talent Panacea for Innovation Panacea for Business
Fostering industry spillovers Improving Ease of Doing Business
Enhancing Infrastructure
Improving accessibilityCreating Industry Clusters
Streamline govt agencies by creating a One-Stop Economic Board for businesses
Concentration of businesses in a particular field to achieve economies of knowledge
Building Cross-Industry SynergiesFurther enhance infrastructure on - Logistics- International Connectivity - Communications and IT (Network
coverage and speed)Productivity Attraction Credits
Provide qualifying credits to business aiming to invest to bring their businesses to new scale as a form of attracting them to relocate operations to Panacea
An ecosystem where capabilities between industries further each other’s growth
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
Panacea as home for INTEGRATE
EXPAND
to move Panacea up the value chain.
Talent Innovation Business
“Such power of globalization that within our lifetime we are likely to see the integration of all of the national economies in the world into a single global, free market system.”
- Jim Garrison
Introduction Integrate Expand Implementation Conclusion
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
Panacea as home for INTEGRATE
EXPAND
to move Panacea up the value chain.
Talent Innovation Business
Solutions Hub
“Such power of globalization that within our lifetime we are likely to see the integration of all of the national economies in the world into a single global, free market system.”
- Jim Garrison
Introduction Integrate Expand Implementation Conclusion
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
Panacea as home for INTEGRATE
EXPAND
to move Panacea up the value chain.
Talent Innovation Business
Solutions Hub Logistics & Supply Chain
“Such power of globalization that within our lifetime we are likely to see the integration of all of the national economies in the world into a single global, free market system.”
- Jim Garrison
Introduction Integrate Expand Implementation Conclusion
STRATEGY OVERVIEWThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
Building Industry Horizontals
to put Panacea on the global economic map.
Panacea as home for INTEGRATE
EXPAND
to move Panacea up the value chain.
Talent Innovation Business
Solutions Hub Logistics & Supply Chain
Financial Services
“Such power of globalization that within our lifetime we are likely to see the integration of all of the national economies in the world into a single global, free market system.”
- Jim Garrison
Introduction Integrate Expand Implementation Conclusion
Home for innovation and high-value activities. High growth.
Venue for outsourcing lower value-added services at low prices.
Panacea aims to form a regional alliance with the neighbouring countries in order to accelerate economic growth and research efforts.
“Regional exchange can be a source of growth and development, and of enhancing good governance.” - Anna Lindh
JAPAN CHINA
PANACEA PHILIPPINES
Provide the knowledge and expertise for innovation advancement
Large pool of Ph.D. researchers and cheap labour available.
Economic & Research Alliance
Introduction Integrate Expand Implementation Conclusion
Solutions Hub Logistics & Supply Chain Financial Services
SOLUTIONS HUBEXPAND
Panacean Solutions Hub
• Collaborative space for regional thought-leaders and researchers
• Center of excellence for innovation.
Introduction Integrate Expand Implementation Conclusion
SOLUTIONS HUBEXPANDSolutions Hub Logistics & Supply Chain Financial Services
MNCs
Panacean Solutions Hub
• Collaborative space for regional thought-leaders and researchers
• Center of excellence for innovation.
Introduction Integrate Expand Implementation Conclusion
SOLUTIONS HUBEXPAND
Research Facilities
Talents
Solutions Hub Logistics & Supply Chain Financial Services
MNCs
Attract corporates to assist in Panacea’s
developmental issues
Corporate Social Impact
Investments
Panacean Solutions Hub
• Collaborative space for regional thought-leaders and researchers
• Center of excellence for innovation.
Crowd sourcing of effective public policy
(ground level research).
Empirical Research Studies (ERS)
Introduction Integrate Expand Implementation Conclusion
SOLUTIONS HUBEXPAND
Result: Panacean Solutions Lab realizes the long term goal of sustained innovation in a high-tech knowledge economy
Research Facilities
Talents
Move Panacea up the research value
chain thru data analytics
capabilities fundamental to a
creating a research ecosystem and Solutions Lab
Grow Super Data
Capabilities
ExportValue Biz Creation
Innovation
Solutions Hub Logistics & Supply Chain Financial Services
LogisticsBeing the preferred port of call and hence perform vital trans-shipment activities.
Strict laws and regulations • Authority for quality checks and
assurance of ISO quality standards.
Introduction Integrate Expand Implementation Conclusion
Geographical Position• Central location along major
shipping routes (e.g. China-US)
Solutions Hub Logistics & Supply Chain Financial Services
LOGISTICS & SUPPLY CHAINEXPAND
Result: Panacea strives to become the Centre of Competence for Logistics and Global Supply Chain linkages.
ExportValue Biz Creation
Innovation
X
United States
China
Value-Added Services• Performing checks, packaging,
branding, certification. Technology/Machines
Food Products
China-US Trade
Attract MNCs to coordinate global supply chain in Panacea by building Supply Chain Control Towers
Manufacturing China
India Brazil
United States
International Connectivity• 3 International Sea Ports and 2
International AirportsR&D for Data Analytics
Boosts Panacea as a destination for streamlining supply chain.
Introduction Integrate Expand Implementation Conclusion
Supply ChainManufacturing
High-end Manufacturing
Product Design
LOGISTICS & SUPPLY CHAINEXPAND
Reduction in Lead Time• Close proximity to the 4 largest
economies (of 2030).
Solutions Hub Logistics & Supply Chain Financial Services
Result: Panacea strives to become the Centre of Competence for Logistics and Global Supply Chain linkages.
ExportValue Biz Creation
Innovation
1
2
3
Result: Panacea strives to become the Centre of Competence for strong Financial Linkages.
To provide a complementary industry for MNCs and supply chain growth, offering them sophisticated products to meet their financial needs.
EUROPE PANACEA USASIA
Seamless round-the-clock Integration
Microfinancing• Providing microcredit,
similar to Grameen Bank operation.
• Target at entrepreneurs and SMEs, to stimulate business creation.
Introduction Integrate Expand Implementation Conclusion
ExportValue
1 Documentary Credit• Essential financial
product for Supply Chain activities.
• Enhancing efficiency and security of international transactions.
Strategic Activities• Financial Control Towers
to anchor decision making functions.
• Develop Financial Supply Chain Models (e.g. Tax-Efficient SCM).
Solutions Hub Logistics & Supply Chain Financial Services
FINANCIAL SERVICESEXPAND
Financial Services
2 3
Biz CreationInnovation
ACTION PLAN
Short Term Medium Term Long Term
Developing Talent and
Infra-structure
Implementing key trans-shipment and financial activities to drive growth within these two
industries
Anchoring Global Strategic Functions for MNC and
Financial Institutions’ Supply Chain and Finance Activities.
EXPAND
Panacea for
Talent,
Innovation &
Productivity
Catalyze research studies
Grow Super Data Capabilities
Attract Researchers via direct pull of results and
infrastructure, and via looser immigration policy
Market actual findings
Become a sustainable ecosystem of solutions
Start reversing brain drain and attracting migrants back
Attract foreign labour into Panacea Complete planning and execute Deep Talent Strategy
Implement Industrial policies and legislate strong IP Protection Set up top public research institutes
Set up one-stop Economic Board and streamline govt agencies
Complete majority of the planned infrastructure
Create and sustain industry clusters that excel worldwide
INTEGRATE
Solutions Hub
Supply Chain & Finance
Panacea will concurrently engage the INTEGRATE and EXPAND strategies, to move up the value chain and put herself on the global economic map.
Introduction Integrate Expand Implementation Conclusion
STAKEHOLDERS MAPEducation Institutions
Workforce
Foreign Corporations
Skilled Returnees
Industry Cluster
Introduction Integrate Expand Implementation Conclusion
Research Institutes
Attract and manage the MNCs by providing productivity grants and incentives
Coordinating research studies to benefit Panacea’s economy
Competent workforce that is highly-skilled to take on the demanding job scope of the future jobs.
- Reduce cost by localization of skill and technology- Increase productivity and formation of new firms by competition and cooperation.
Developing educational curriculum that is consistent to what the industries seek.
Provide a channel for knowledge transmission and a source of entrepreneurship
INSTITUTIONAL FRAMEWORK
One-Stop Economic Board for all Government Transactions
Ministry of Trade &
Investment
Ministry of Science &
Technology
Introduction Integrate Expand Implementation Conclusion
Labour Ministry
Ministry of Education
Removing the bottleneck in application services for businesses and achieving synergy between the various government agencies, to bring about a seamless end-to-end service.
INSTITUTIONAL FRAMEWORK
One-Stop Economic Board for all Government Transactions
Ministry of Trade &
Investment
Ministry of Science &
Technology
Introduction Integrate Expand Implementation Conclusion
Labour Ministry
Ministry of Education
Cabinet Secretary
(Victorious Secret)
Removing the bottleneck in application services for businesses and achieving synergy between the various government agencies, to bring about a seamless end-to-end service.
Prime Minister
Public Research Institutions
Foreign Corporations
INSTITUTIONAL FRAMEWORK
One-Stop Economic Board for all Government Transactions
Ministry of Trade &
Investment
Ministry of Science &
Technology
Introduction Integrate Expand Implementation Conclusion
Labour Ministry
Ministry of Education
Industry Cluster
Skilled Returnees
Education Institutions
Workforce
Prime Minister
Cabinet Secretary
(Victorious Secret)
Removing the bottleneck in application services for businesses and achieving synergy between the various government agencies, to bring about a seamless end-to-end service.
ExportValue
Biz CreationInnovation
Address the need for grants/incentives
Coordinate research effort & publish findings
Integrating research findings into the cluster & manage FDI.
Equipped with technical demands of our industries
Streamline curriculum to industry needs
Harnessing their knowledge & expertise
COST & FUNDING
Introduction Integrate Expand Implementation Conclusion
Optic Fibre Upgrade (US$10 per foot,
Short Run 500mil): US$3 billion
Research Institute & Industry Cluster:
US$10 billion
Upgrade Infrastructure (Rails, ports, etc.): US$45 billionCO
ST
FUN
DIN
GGovt DebtLoans
Issue 10 year bond of US$10 billion value at a 7.50% yield per annum
Target to borrow up to US$10 billion from organizations such as World Bank and ADB
Total Expenditure: US$58 billion
PPP
Attracting MNCs to be involved in specific corporate investment projects for up to US$38 billion.
Incentives and tax concessions for
investments
Protection and assurance through a just legal regime
and non-discrimination guarantee
Ensure skilled workers in Panacea are available and
at low cost
IMPACT ASSESSMENT
Introduction Integrate Expand Implementation Conclusion
Year 2011 ImprovedGross Domestic Product 4.5% 6.5%High-End Exports 20.2% 40.3%Unemployment 8.3% 4.5%Public Debt (of GDP) 49.5% 44.8% by 2016
Total Factor Productivity - 5.2% per decade
Repositioning of Panacea’s strategy will spur economic growth for the next two decades.
ECONOMIC IMPACT OF THE INITIATIVES:
IMPACT ASSESSMENT
Introduction Integrate Expand Implementation Conclusion
SOCIAL IMPACT OF THE INITIATIVES:
Education level of the population to increase
Population below poverty line reduced to 18% in 2030
Creation of 25mil job opportunities
Labour productivity grows at an average 1.91% hence leading to higher wages
Poverty will be reduced due to the increased job opportunities, mainly created in the Data Analytics and Supply Chain sectors
IMPACT ASSESSMENT
Introduction Integrate Expand Implementation Conclusion
The IP protection will spur MNC’s R&D expenditure in Panacea. Better ecosystem and protection will encourage start ups.
R&D Expenditure to increase from 1.6% of the GDP in 2010 to 8.7% in 2030
No. of newly-created SME to increase
Move up the value chain with bigger contribution of GDP from Services from 25% to 71% in 2030.
IMPACT ON INNOVATION AND BUSINESS CREATION:
CONCLUSIONThe main driving principles of our strategy for Panacea is to INTEGRATE and
EXPAND, to achieve a holistic and sustainable growth for the country.
INTEGRATE EXPANDto put Panacea on the global economic map.
to move Panacea up the value chain.
Panacea as the home for
• Talent• Innovation• Business
Building industry horizontals
• Solutions Hub• Supply Chain• Financial Activities
Introduction Integrate Expand Implementation Conclusion
GOAL: Panacea as high-technology knowledge economy
QUESTIONS & ANSWERS
CHIA Kai Chung | Dawn LEE | GAN Wei Yi
A Panacea for the World
COMPLEMENTARY SLIDESPresentation Appendix Index
Current State AnalysisStrategy OverviewIntegrate: Talent
Integrate: InnovationIntegrate: Business
Expand: Solutions HubExpand: Supply Chain
Expand: Finance
Stakeholders MapInstitutional Framework
Cost & FundingImpact: Economics
Maersk Shipping RouteMaersk Route with Panacea
Data Analytics SceneWhat is Data Analytics?
Garmeen MicrocreditPPP: HyfluxPPP: Olam
Panacea on Global MapPanacea Sea & Air Ports
US Food Import from China
China Tech Import from US
Brazil: 4th Largest Economy
Financial Product for S.C.
Risk & Mitigation IRisk & Mitigation II
Total Factor Productivity
% of High-Tech Pdt/SvcJobs Creation
Labour Productivity LevelR&D ExpenditureGDP Breakdown
Impact: Social
Impact: Business Creation
Data Analytics in Supply Chain
Corporate Investment: Shell
Gross Domestic Product
Unemployment Rate
Profile: Dawn LEEProfile: CHIA Kai Chung
Profile: GAN Wei Yi
Action Plan
MAERSK SHIPPING ROUTE
Source: Maersk, Shipping Routes, http://www.maersk.com/Pages/default.aspx
MAERSK SHIPPING ROUTE
Source: Maersk, Shipping Routes, http://www.maersk.com/Pages/default.aspx
MAERSK SHIPPING ROUTE WITH PANACEA
Source: Maersk Shipping Routes; Frost & Sullivan, Case Study Contest - Panacea
DATA ANALYTICS SCENE
WHAT IS DATA ANALYTICS?
DATA ANALYTICS IN LOGISTICS & SUPPLY CHAIN
GRAMEEN BANK MICROCREDIT
Source: Grameen Bank, http://www.grameen-info.org/index.php?option=com_content&task=view&id=42&Itemid=92
PUBLIC-PRIVATE-PARTNERSHIP: HYFLUX
Source: Hyflux eNewsletter, http://hyflux.listedcompany.com/misc/hyflux_Jul_eNewsletter/latest.html
PUBLIC-PRIVATE-PARTNERSHIP: OLAM
Source: OLAM Press Release, http://olamonline.com/wp-content/files_mf/1337947697OlamCIBROCREDD.pdf
CORPORATE SOCIAL IMPACT INVESTMENT - SHELL
Source: Harvard Business Review, Blog Network, Meet Your New R&D Team: Social Entrepreneurs
PANACEA ON GLOBAL MAP
Source: Frost & Sullivan, Case Study Contest - Panacea
PANACEA SEA & AIR PORTS
Source: Frost & Sullivan, Case Study Contest - Panacea
US FOOD IMPORT FROM CHINA
Source: Congressional Research Service Report for Congress – Food and Agricultural Imports from China http://www.fas.org/sgp/crs/row/RL34080.pdf
CHINA TECHNOLOGY IMPORT FROM US
Source: The US-China Business Council, https://www.uschina.org/statistics/tradetable.html
BRAZIL AS 4TH LARGEST ECONOMY IN 2030
Source: Brazil Annual Report - Brazil. Learnings, Status and Strategy
FINANCIAL PRODUCTS FOR SUPPLY CHAIN
Source: HSBC Bank Website, Products & Services
RISKS & MITIGATIONS PART IPotential Concerns Responses
Certain Sunrise Industries might never learn to be productive despite subsidization
Diminishing financing for all industries so that only the productive will eventually survive; market forces pick up the winners
ERS might take a longer time than expected to produce results. Longer duration of realizing results may reduce marketability.
Market less on results in the initial years but more on the community of leading researchers with a supportive ecosystem of research apparatus and outfits.
Abrupt enforcement of strong IP rights might cause some useful and easy to copy tech to be unavailable due to cost
Gradual strengthening of IP Rights over the years on an incremental and progressive basis.
Supply chain and financial companies might be initially skeptical about expanding into Panacea.
Play on Panacea’s natural geographical advantage to attract big players (e.g. DHL) and the rest will follow suit once the eco system is established.
RISKS & MITIGATIONS PART IIPotential Concerns Responses
Unable to get loan from ADB Join OECD as our projects are in line with their sustainable development objectives.
When cost overrun and more bonds need to be issued
Use Specific-purpose securitised borrowing. For example, fares are the most common source of funds for the repayment of transit bonds.
Private firms taking up infrastructure upgrading has too much power and become inefficient
Build Own Operate Transfer (BOOT): The private sector is responsible for design and construction, finance, operations, maintenance and all commercial risks associated with the project. It owns the project through the concession period and the asset is then transferred back to the government at the end of the term, often at no cost.
ECONOMIC IMPACT OF INITIATIVES
2010 2011 2014 2016 2018 2020 2022 2024 2026 2028 2030400.0
800.0
1200.0
1600.0
1313.3
Projected GDP Level (bil)
Duration: Over 15 YearsAverage Annual Growth: 6.55%
2010 2011 2014 2016 2018 2020 2022 2024 2026 2028 2030100.0
102.0
104.0
106.0
108.0
110.0
112.0
110.2
TFP Growth Level
1st Decade: 4.8% growth
2nd Decade: 5.2% growth
By accounting for the GDP growth not ex-plained by labour and capital productivity
Gross Domestic Product Total Factor Productivity
ECONOMIC IMPACT OF INITIATIVES
Unemployment Rate % of High Tech Products/Svcs
2010 2011 2014 2016 2018 2020 2022 2024 2026 2028 20300.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
Unemployment Rate
4.5%
By extrapolating the work-ing population and the additional job creations together with the normal jobs growth
2010 2011 2014 2016 2018 2020 2022 2024 2026 2028 20300.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
% of High Tech Prod and Services of Total Exports
40.3%
By extrapolating the in-creased exports of high end products and services from Data Analytics hub, transshipment and Fi-nance Industries
SOCIAL IMPACT OF INITIATIVES
Jobs Creation Labor Productivity Level
20142016
20182020
20222024
20262028
20300
100002000030000
41208500
12380
Additional Jobs Created ('000)
Infrastructure BuildingMNCs^*Startups and SMEs
2010 2011 2014 2016 2018 2020 2022 2024 2026 2028 2030100.0
105.0
110.0
115.0
120.0
125.0
120.8
Labor Productivity Level
Duration: Over 20 YearsAverage Prod growth: 1.91%Duration: Over 20 YearsAverage Prod growth: 1.91%
We assume the macro-economic environment has no negative shock, as we understand that events such as SARS outbreak or 911 will cause a negative productivity growth. So in a sense, the productivity growth is a pure figure.
IMPACT ON INNOVATION & BUSINESS CREATION
R&D Expenditure
2014 2016 2018 2020 2022 2024 2026 2028 20300.0
10.0
20.0
30.0
40.0
50.0
60.0
10.5
36.8
49.9
25.0
Total Expected R&D Expenditure (bil)
Infrastructure Logistics Professional Services ICT
IMPACT ON INNOVATION & BUSINESS CREATION
GDP Breakdown
Agriculture, 5%Primary
Industries; 9%
Secondary Industries,
10%
Services, 70%
Other; 6%
GDP Breakdown: 2030
Agriculture25%
Primary Industries
30%
Secondary Industries
15%
Services25%
Other5%
GDP Breakdown: 2011
IMPACT ON INNOVATION & BUSINESS CREATION
GDP Breakdown
Agriculture, 5%Primary
Industries; 9%Sec-
ondary Industries,
10%
Services, 70%
Other; 6%
GDP Breakdown: 2030
Service Re-lated
Trade^16%
Business Services
11%
Supply Chain30%
ICT12%
Finance25%
Others*6%
Breakdown of Service Industry
Dawn LEE Yi Min
National University of SingaporeB.A. (Hons) Economics, University Scholars Programme (USP) Fudan University, NUS Overseas College (Shanghai), Minor in Technopreneurship University of California Los Angeles, Student Exchange Programme
NUS Global Merit ScholarshipUniversity Scholars' Program Senior Honor Roll
Project Officer, Singapore Economic Development Board, Professional Service.Marketing Coordinator, Trader Analytics CorpIntern, Ministry of Finance Singapore, Social Programs DiectorateIntern, CapitaLand Limited, Economics Research Unit
Winning Team, Startup Weekend Shanghai 2011Finalist, Public Policy Challenge 2010Finalist, Frost & Sullivan Case Challenge 2013
Co-Founder, TaskAmigo (Startup that gained significant traction ~3500 users in 6mths)Welfare Committee Head, NUS Economics SocietyOverseas Projects Director, YEP WINGS Cambodia
ACADEMICS
INTERNSHIPS
COMPETITIONS
COMMITTEE
TEAM PROFILE
CHIA Kai Chung
National University of SingaporeDouble Degree Programme B.B.A. (Hons) Finance (First Class Honours)
B.A. (Hons) Economics (First Class Honours)Hong Kong University of Science and Technology , Student Exchange Programme
Dean’s List, NUS Business SchoolSingapore Chinese Chamber of Commerce Foundation Scholarship
OglivyOne, Oglivy and MatherIntern, Abbott, FinanceIntern, IBM, Asset Management
Finalist, Shell Business Case Competition 2012Second Runner-up, Google Varsity Challenge 2012 Finalist, Frost & Sullivan Case Challenge 2013
Committee Member & Facilitator, Bizad O-WeekAmbassador, NUS-DBS International Case ChallengeJunior Commander, Singapore Armed Forces, HQ SCE
ACADEMICS
INTERNSHIPS
COMPETITIONS
COMMITTEE
TEAM PROFILE
GAN Wei Yi
National University of SingaporeB.Eng. (Hons) Industrial & Systems Engineering (First Class Honours)Georgia Institute of Technology/Tsinghua University, Summer School.Technical University of Munich, Student Exchange Programme
NUS Faculty ScholarshipDean’s List, Faculty of Engineering
Winning Team, Standard Chartered Bank Young Apprentice Programme 2009Finalist, Shell Business Case Competition 2012Second Runner-up, Google Varsity Challenge 2012Finalist, Frost & Sullivan Case Challenge 2013 Winning Team, Procter & Gamble CEO Challenge 2013
Vice-President, Industrial & Systems Engineering ClubStart-up@SG Public Relations, NUS Entrepreneurship Society
ACADEMICS
INTERNSHIPS
COMPETITIONS
COMMITTEE
TEAM PROFILE
Credit Service Officer, Oversea-Chinese Banking Corporation, Business Banking.Project Officer, Singapore Economic Development Board, Logistics & Supply Chain.Engineering Intern, Hi-P International Limited, Engineering Design & Tooling.
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