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Working and Living in Singapore

Ms Quek Ling Xiang

Area Director(Southeast Asia)

Contact Singapore

www.contactsingapore.sg

Today‟s Agenda

Introduction to Contact Singapore

The Singapore Economy at a Glance

Working & Living in Singapore

Q&A

About Contact Singapore

One-stop centre that aims to attract global talent to work, invest and live in Singapore

Actively links professionals and graduating students with Singapore-based employers in key growth industries

Facilitates the decision making of individuals who are keen to do business and invest in Singapore

An alliance of the Singapore Economic Development Board and Ministry of Manpower

Contact Singapore

North America

Australia

Europe Greater China

• New York

•San Francisco •Boston

•London

•Frankfurt (also covers Central &

Eastern Europe)

•Beijing

•Shanghai (covers Hong

Kong)

•Sydney (also covers New Zealand)

India

•Mumbai

•Chennai

Singapore (covers Southeast Asia and Middle East)

Contact Singapore‟s Global Network

EDB Offices

Americas: Boston, Chicago, Dallas, Los Angeles, New York, San Francisco, Washington DC, Sao Paulo Europe: Frankfurt, London, Milan, Paris, Stockholm

Asia: Beijing, Guangzhou, Shanghai, Tokyo, Osaka, Mumbai, Jakarta

South Korea

•Seoul

Japan

•Tokyo

Taiwan

•Taipei

Contact Singapore Website

To provide global talent with a one-stop centre with information on working and living in Singapore

www.contactsingapore.sg

Contact Singapore Job Portal www.contactsingapore.sg/jobs

Job Search Avenues

Popular Job Sites

Jobsdb.com.sg

Jobstreet.com.sg

Jobscentral.com.sg

Monster.com.sg

St701.com

Efinancialcareers.sg

Popular Search Firms

Robert Walters

Kelly Services

Michael Page

Hudson

Adecco

Morgan McKinley

A comprehensive list can be found at www.contactsingapore.sg/jobs

“Careers@Singapore” Industry-specific

recruitment of working professionals

“Experience@Singapore”

Study trips and internships for students from top universities to Singapore

Careers@Singapore

to recruit IC designers in Bangalore (Sep

2010)

Experience@

Singapore: Engineering &

Technology (13 – 17 Dec 2010)

Engaging Global Talent

Experience@

Singapore: For IIT Students (1 Jun – 22 Jul 2011)

The Singapore Economy

Singapore At A Glance

Source: Statistics Singapore, 2010

Land Area : 712 sq km (275 sq miles) Population : 5.08 million (25% non-residents) Languages : English, Chinese, Malay, Tamil Government : Parliamentary Republic Time : GMT/UTC+8 County Code: +65

Overview of Singapore Economy

2010 GDP growth: 14.5%

2011 GDP growth forecast: 4% to 6% Source: Annual Economic Survey 2010

US$1.00 = S$1.3635 (2010 av.) (p) = preliminary Source: EDB RSU Census & Surveys

2010 (P) Total output in

Manufacturing Sector:

S$270 billion (US$198 billion)

2010 GDP:

S$304 billion (US$223 billion)

Manufacturing 22%

Financial Services

12%

Business Services

14%

Transport & Communication

12%

Construction 5%

Wholesale & Retail Trade

17%

Others 18%

Electronics 35%

Chemicals 29%

Biomedical Manufacturing

9%

Precision Engineering

10%

Transport Engineering

9%

General Manufacturing

Industries 8%

Key Industries In Singapore

• 80% market share of world‟s Enterprise Hard

Disk Drives output

• 50% market share of magnetic media market

• 10% of world‟s foundry wafer output

• 14 wafer fabrication plants

• 40 IC design companies

Electronics: Key Semiconductor Cluster in Asia

Biomedical Sciences: Biopolis of Asia

• Home to manufacturing facilities of 8 leading

pharmaceutical companies

• 25 Pharma and Biotech R&D centres

• 5,000 researchers

Clean Energy: R&D hub of Renewal Energy Sources

• World„s #1 wind company to set up R&D

centre in Singapore

• Largest integrated solar manufacturing complex globally to be set up in Singapore

Chemicals: One of largest Refining & Petrochem Centres

• Jurong Island: integrated world class

chemical hub

• More than 100 manufacturing plants

Key Industries In Singapore

• Two-fold increase in value-added of the ICT

industry and a threefold increase in export revenue by 2015

• Hardware and Telecom Serv ices account for two-thirds of the total revenue

• Home to world‟s top 7 IT vendors, 75 of the

top 100 software companies

Info-comm Technology (ICT):

Tourism and BT MICE:

• Generated S$12.4b in tourism receipts with

9.7m international v isitors in 2009

Interactive & Digital Media (IDM):

• Made up of the animation industry and the

electronics games industry

• Home to Lucasfilm first and only facility outside California

• Ubisoft and Koei

have studios in Singapore

• Over 600 local and foreign financial institutions

based in Singapore with total assets of around S$1.3 trillion by end 2010 (5 year CAGR of 16%)

• One of the top 5 most active foreign exchange trading

centres globally, 2nd largest OTC derivatives trading centre in Asia,

and a leading commodities derivatives trading hub

Financial Services:

Source: Singapore Tourism Board, Jan 2010

•1st in the World for Ease of Doing Business

Doing Business 2009-2010 Report, World Bank

•Best City in Asia to live in Quality of Living Survey, Mercer, 2009

•Most Competitive Country in Asia and No. 3

Worldwide Global Competitiveness Report, World

Economic Forum, 2009-2010

•Best Skilled Labour in Asia Pacific EIU Business Environment Ranking 2008-2010

•World Leader in Foreign Trade & Investment

Doing Business 2010 Report, World Bank •Best City Infrastructure in the World

Quality of Living Survey, Mercer, 2009

•1st in the World for having the Best Protection of Intellectual Property

Doing Business 2010 Report, World Bank

International Recognition

China

Australia

India

Japan

Myanmar

Malaysia

Thailand

Indonesia

Philippines Vietnam

★Singapore

South Korea

An Attractive Global Business Hub

Home to 7000 MNCs, 60% with HQ activities in Singapore

Working in Singapore

Employment Passes for Professionals

Employment Passes (EP) “P” & “Q” work passes

Dependant privileges

No quota on number issued each year

Processing time:

7 days (for online applications) to 5 weeks (manual applications)

Personalised Employment Passes (PEP) Passes that are tied to the individuals rather than employers

Do not need to re-apply for a new pass when changing jobs

Able to remain in Singapore for up to 6 months without a job to evaluate employment or work opportunities

Processing time: 3 weeks

EntrePass For those interested to set up business in Singapore

Processing time: ~6 weeks

For Recent Graduates & Professionals

Employment Pass Eligibility Certificate (EPEC)

Allows individuals graduating from selected institutions to stay in Singapore for up to 1 year to seek employment without the need to secure sponsorship from employer

Is not an employment pass

Applications should be made online at www.mom.gov.sg

Strategic and Skills-in-demand List Key skills in strong demand

Job seekers with such skills will also be accorded added consideration in Employment Pass/S Pass application

List updated regularly update to take into account broader labour market trends and information

Visit www.mom.gov.sg

Employment Pass Self Assessment Tool Online assessment tool for EP eligibility

Preliminary indication of the likelihood of qualifying for an Employment Pass

No guarantee that users will receive the same result in an actual application or renewal

Visit http://sat.mom.gov.sg

Cosmopolitan & Diverse Workforce

Open and transparent hiring culture that welcomes diversity 30% of the workforce are foreigners

Meritocratic corporate culture that rewards good performers

International exposure with regional responsibilities in an Asian market

Personal Tax Regime

Territorial taxation Tax only on income earned in Singapore Overseas income received in Singapore is not taxable (exclude

income received through partnerships)

Resident marginal tax rate schedule that is progressive , up to 20%

Preceding year basis

Income earned in calendar year 2010 is taxed in year of assessment 2011

No estate duty

No capital gains tax

Time apportionment of income for Not Ordinary Resident (NOR) Taxpayer

Source: PwC Budget Commentary 2011

Singapore‟s Personal Income Tax Rates are the Lowest in the Asia-Pacific

Living in Singapore

“Live the Dream” - Publication featuring 12 ASEAN

professionals working in Singapore

“There‟s a lot more

activ ity here and, in terms of career development, it‟s

definitely more exciting.” Susan Yeo,

Credit Risk Manager, Cit ibank

“Singapore offers a

safe environment, ideal to work and raise a family. Don‟t

need to think twice!” Vu Tuyen, Principal Equipment Engineer, Chart ered Semiconduct or Engineering

“Singapore is a small

country with lots to explore. Live with a v isitor‟s heart and

keep exploring.” Chan

Pei Ee, Chemical Engineer, GlaxoSmithKline

“I can easily go back to

v isit my home country if I want to or need to. In fact, there have been a

few occasions that I have gone back on

weekends.” Dennis Tirados, Consultant,

Singapore Comput er Syst ems

Living In Singapore

Source: ECA Location Ratings, ECA

International, 2010

Source: Mercer Human Resource Consulting,

2009

Ranking Country

1 Singapore

2 Sydney

3 Kobe

4 Yokohama

5 Tokyo

6 Copenhagen

7 Canberra

8 Hong Kong

8 Melbourne

10 Dublin

Best place in the world for Asians to live in

Ranking Country

1 Singapore

2 Munich

3 Copenhagen

4 Tsukuba

5 Yokohama

6 Dusseldorf

6 Vancouver

8 Frankfurt

8 Hong Kong

8 London

Best city infrastructure in the world

Ranking Country

1 Switzerland

2 Singapore

3 USA

4 Australia

5 Canada

6 Qatar

7 Hong Kong

8 United Kingdom

9 Ireland

10 Luxembourg

Business environment that foreign talent are

most attracted to

Source: IMD World Competitiveness

Yearbook 2010

Country Risk Index takes into considerat ion polit ical risk, social instability risk and systemic risk. Grades range from 0 to 10, with 0 being the best grade possible and 10 the worst. Source: Political and Economic Risk Consultancy 2009

Safety & Security

Singapore is Asia’s safest country

Ranking Country

1 Switzerland

2 Singapore

3 Austria

4 Norway

5 Australia

6 Netherlands

7 Finland

8 Germany

9 United States

10 Sweden

Singapore is Asia’s most politically-stable country, and second in the world

Source: BERI 2010-I, April 2010

Country Risk Index

World Class Education System

Government-funded universities National University of Singapore (NUS)

Nanyang Technological University (NTU)

Singapore Management University (SMU)

Upcoming in 2012: Singapore University of

Technology and Design (SUTD)

Private universities Singapore Institute of Management University

INSEAD, Chicago Graduate School of Business, etc

Foreign Specialised Institutions Wheelock College, USA (Early Childhood)

Tisch School of the Arts, USA (Film Production)

Digipen

Enquiries for admissions to universities to

made through the universities

Our Multi-Racial/ Religious Society

Singapore‟s Gastronomical Delights!

Vibrant Nightlife

Dynamic City Lifestyle

Contact Us!

Southeast Asia Ms Quek Ling Xiang Area Director (Southeast Asia) Email: Quek_ling_xiang@contactsingapore.sg

Southeast Asia Email: seasia@contactsingapore.sg

Website: www.contactsingapore.sg

Contact Singapore provides this presentation (including oral statements) gratuitously for information only and not for any other purpose. Contact Singapore does not warrant the accuracy, completeness nor suitability for purpose of any information in this presentation. Contact Singapore excludes all liability including but not limited to inaccuracies, incompleteness or lack of suitability for purpose of any information in the presentation.

Singapore – Trading Nation

Source: The World Bank Group, 2010

Source: The World Bank Group, 2010

Singapore – Trading Nation

Singapore – Trading Nation Singapore‟s Key Trading Partners 2010

Malaysia S$106.6 bn

12%

EU S$99.4 bn

11.0%

China S$95.3 bn

10.6%

US S$78.4 bn

8.7% Indonesia S$67.9 bn

7.5%

Hong Kong S$60.0 bn

6.7%

Japan S$55.6 bn

6.2%

Korea S$44.1 bn

4.9%

Taiwan S$42.7 bn

4.7%

Thailand S$31.3 bn

3.5%

India S$30.7 bn

3.4%

Philippines S$22.3 bn

2.5%

Australia S$21.8 bn

2.4%

Saudi Arabia S$16.4 bn

1.8%

Others S$129.5 bn

14.4%

Global Trading Companies

Global Financial Institutions

Broker/Dealer Intermediaries

Overview of the Commodity Trading Sector

Vibrant Commodities and Derivatives Market in Singapore

Program outline

Programme period: 9 – 12 January 2012

Selection criteria:

Open to penultimate year students from Business, Economics and Engineering backgrounds with

i) Good GPA performance

ii) Career interest in Singapore‟s commodities trading sector

Programme Outline

Join us for a rare opportunity to

– interact with reputable companies and potential employers in

Singapore

– learn why Singapore is one of the world‟s leading commodities

trading hub

– meet and discuss issues with government leaders

– see exciting and fun developments in Singapore

Objectives Objectives

Leading Singapore-based global trading companies and government bodies

Participating Companies

Tentative Programme

Date Event

9 Jan - Welcome address by Contact Singapore and IE Singapore

- Welcome dinner hosted by IE Singapore and Contact Singapore

10 Jan - Company visits

- Visit to Housing Development Board Gallery

11 Jan - Company visits

- Visit to Marina Bay City Gallery

12 Jan - Company visits

- Social Visit to Night Safari

*Your contribution - Travel into Singapore (whether by

air/coach)

- individual expenses

- Incidentals in the hotel (e.g. minibar and room service)

*Sponsorship from Contact Singapore

– 4 nights‟ tourist class hotel

accommodation (twin-sharing basis,

inclusive of daily breakfast and internet access)

– Programme related transport expenses

and selected meals

The Experience@SG Package

*Terms & conditions might be updated – but students would be briefed if selected for the programme.

2 rounds of selection will be conducted by Contact Singapore

Shortlist of CVs

submitted via microsite

1st Round Phone

interview 2nd Round

Selection Process

• To apply, please submit an on-line application form at

http://www.contactsingapore.sg/Experience@Singapore_CommodityTrading

• Requirements for application

• CV

• 300-word essay on why you are keen in the

commodity trading sector

• Application ends 2 Dec 2011

• Feel free to contact Ms Quek Ling Xiang for further enquiries

How to Apply