83
follow us on This material contains confidential and/or official information. The terms and conditions governing its use can be found at www.iesingapore.gov.sg/Terms-of-Use . Singapore, your partner into Asia Gwyneth Tan Centre Director, Moscow Overseas Centre 17 May 2016, Delovaya Rossiya, Moscow, Russian Federation

Singapore as partner to Asia 17 May 2016

Embed Size (px)

Citation preview

Page 1: Singapore as partner to Asia 17 May 2016

follow us onThis material contains confidential and/or official information. The terms and conditions governing its use can be found at www.iesingapore.gov.sg/Terms-of-Use.

Singapore, your partner into AsiaGwyneth TanCentre Director, Moscow Overseas Centre17 May 2016, Delovaya Rossiya, Moscow, Russian Federation

Page 2: Singapore as partner to Asia 17 May 2016

Quick facts and figures

Page 3: Singapore as partner to Asia 17 May 2016

Singapore is in the heart of Asia.

Southeast Asia

Moscow

Page 4: Singapore as partner to Asia 17 May 2016

Fast facts:

Size: 719.1 km2 (1/3 the size of Moscow)

Population diversity: 5.54 million residents

Languages: English – Official working languageMalay – National language

Source: Singapore Department of Statistics.

60%Citizens

(3.3 million)

40%Naturalised foreigners and

foreigners(2.2 million)

Page 5: Singapore as partner to Asia 17 May 2016

We have been independent since 9 August 1965.We maintain friendly relations with all countries. We are not China.

Page 6: Singapore as partner to Asia 17 May 2016

Singapore in the 1960s

Photo: Singapore Press Holdings

Page 7: Singapore as partner to Asia 17 May 2016

Singapore today

Page 8: Singapore as partner to Asia 17 May 2016

1961 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016

GD

P/C

apita

(US$

’000

)

60sLabour

Intensive

50

45

40

35

30

25

20

15

10

5

0

70sSkills

Intensive

80sCapital

Intensive

90sTechnology& ServicesIntensive

2000sKnowledge

& Innovation Intensive

8

Economic transformation since independence

Source: World Bank, April 2013, DOS*2005 Constant International Prices

Page 9: Singapore as partner to Asia 17 May 2016

Economic indicators and business rankings

GDP: US$292.8 billion (current market prices)

GDP per capita:US$52,888

Total FDI:US$7.362 trillion (2014)

Total external trade:US$614 billion (2015)Total offshore trade - US$1.33 trillion (2013) – 4.5x GDP

Top 5 trading partners:China, Malaysia, EU28, US, IndonesiaRussia is Singapore’s 21st place trading partner

Source: Singapore Department of Statistics.

• #1 Asian City of OpportunityPwC, Cities of Opportunities 2014

• #3 Global City of OpportunityPwC, Cities of Opportunities 2014

• #1 City in the World with Best Investment Potential

BERI Report, April 2015

Page 10: Singapore as partner to Asia 17 May 2016

10

Singapore’s Direct Investment Abroad (DIA) reached almost S$620 billion in 2014DIA

Year

600

550

500

450

400

350

300

250

200

150

100

50

0

S$ Billion

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

425

154180

202

246

312

147

318

Growth in 201423%

447

370

485504

Source: Department of Statistics

620

Page 11: Singapore as partner to Asia 17 May 2016

11

Singapore’s DIA as a % of GDP far exceeds the world’s

DIA as % of GDP

Source: UNCTAD Statistics, 2014Figures in US$

Singapore

World

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

140.00%

160.00%

180.00%

21.1% 23.6% 24.6% 24.8% 28.7% 31.7%25.1%

31.3% 31.2% 29.00% 30.6% 32.5% 31.8%

89% 91% 93% 94%104%

117% 115%

132% 132% 129%136%

143%

160%

World Singapore

Page 12: Singapore as partner to Asia 17 May 2016

Total Export of Goods

Year

S$ Billion

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

600

500

400

300

200

100

0

Non-oil Oil

336383

451477

391

479

432

41.4

294

57.4

325

70.6

361

79.7

371

115

361

78.4

313

104

375

515137

378

510131

379

513125

388

513123

390

12

Exports are the backbone of Singapore’s economy

Source: IE Singapore, April 2016

394

82

476

Page 13: Singapore as partner to Asia 17 May 2016

Trade as a % of GDP

World

Singapore

13

Singapore’s external trade far outstrips GDP

Source: World DatabankFigures in US$

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140.00%

50.00%

100.00%

150.00%

200.00%

250.00%

300.00%

350.00%

400.00%

39.4% 38.1% 38.3% 39.7% 47.8% 49.00% 51.7%42.2% 47.00% 50.7% 50.4% 50.1% 49.1%

286.3%305.3%

325.9%337.5% 345.1%

312.1%

341.1%

267.1%279.8% 281% 272%

259.7% 251.7%

Page 14: Singapore as partner to Asia 17 May 2016

ThailandS$29.6 bn

3.3%

Total tradeS$884.1 billion/ US$643.0 billion

OthersS$205.7 bn

23.3%

ChinaS$123.5 bn

14%

MalaysiaS$97.3 bn

11.0%

EU 28S$90.5 bn

10.2%

Hong KongS$58.2 bn

6.6%

TaiwanS$53.8 bn

6.1%

Korea, Rep ofS$44.9 bn

5.1%JapanS$46.5 bn

5.3%

IndonesiaS$58.7 bn

6.6%

USS$75.5 bn

8.5%

14

Singapore’s key trading partners in 2015

Source: IE Singapore, January 2015

Page 15: Singapore as partner to Asia 17 May 2016

Tuas waste-to-energy plantPublic sector

Public Private PartnershipLong-term partnering relationship between the public and private sectors to deliver services.

Test-bedding A conducive environment to rollout new solutions for testing and refinement with both the public and private sector before expanding into Asia and globally.

Electric car infrastructure

InternationalisationWith the expertise, Singapore companies then exports its solutions and products overseas.

Public sector

15

Singapore’s success model

Private sector

Private sector

Page 16: Singapore as partner to Asia 17 May 2016

Financial Services Real Estate AerospaceChemicals & Energy Education ElectronicsEngineering Services Environment & WaterHealthcare Infocomm Technology LifestyleMedical Technology Pharmaceuticals & Biotechnology Precision EngineeringProfessional Services Transport & Logistics

16

Key Industries in Singapore

Page 17: Singapore as partner to Asia 17 May 2016

Singapore’s economic development is looked after by the Singapore Ministry of Trade and Industry.

Inward investment and overall development of the enterprise ecosystem in Singapore

Increase productivity of domestic non-tradable sector

Fostering world-class scientific research and nurturing scientific talent to develop a vibrant knowledge based Singapore

Developing Singapore’s external economic wing through trade and overseas expansion

Page 18: Singapore as partner to Asia 17 May 2016

IE Singapore serves our economy through our global network

AMERICASLos AngelesMexico CityNew YorkSão Paulo

Singapore HQ + 39 offices worldwide

EUROPEFrankfurtIstanbulLondonMoscow

MIDDLE EAST& AFRICAAccraAbu Dhabi DohaDubaiJeddahJohannesburgRiyadh

CHINANorth ChinaBeijingDalianQingdaoSouth ChinaGuangzhouWuhanEast ChinaShanghaiWest ChinaChengduChongqingXian

NORTH ASIA& PACIFICSeoulSydney TaipeiTokyo

SOUTH ASIAChennaiMumbaiNew Delhi

SOUTHEAST ASIABangkokHanoiHo Chi Minh CityJakartaKuala LumpurManilaSurabayaYangon

Page 19: Singapore as partner to Asia 17 May 2016

Our MissionTo promote overseas growth ofSingapore-based enterprisesand international tradeOur VisionA thriving business hub withglobally competitive enterprisesand leading international traders

19

IE Singapore’s mission & vision

Page 20: Singapore as partner to Asia 17 May 2016

20

Our history

1983Singapore Trade Development Board (TDB) formed to develop Singapore as an international trading hub and promote the nation’s goods and services.• Export promotion• Trade policy• Lobby for free trade• Secure market access

Singapore’s Economic Transformation

1965Independence

1970sCreating jobs

1980sBuilding infrastructure/Developing industries

1990sInvesting intechnology

2000sFocus on

innovation,knowledge, R&D

2002To compete more effectively, another key thrust identified under Singapore's new economic strategy, namely to help Singapore-based companies internationalise andgrow in the global market.

TDB renamed InternationalEnterprise Singapore toreflect her new focus on

the external economy.• Internationalisation• International Trade

Page 21: Singapore as partner to Asia 17 May 2016

Growing through Asian markets

Page 22: Singapore as partner to Asia 17 May 2016

“International experts predict thatAsia will account for more than half of global gross domestic product by 2050”The Asian Development Bank (May 2011)

22

Page 23: Singapore as partner to Asia 17 May 2016

23

Global demand shifting towards Asia

ROW22% 2020G7

63%

BRIC14%

G749%

BRIC27%

ROW24%

2009

Source: World Economic Forum

Page 24: Singapore as partner to Asia 17 May 2016

Asia will have an urban population of 2.6 billion by 2030

3000

2500

2000

1500

1000

500

0 1975 2000 2030

Urban population (Millions)

Asia’s growing urban population

24%

37%1.4 billion

54%2.6 billion

24

Rapid urbanisation process in Asia

Source: World Population Prospects: The 2002 Revision

Page 25: Singapore as partner to Asia 17 May 2016

will be added to China’s urban population by 2025 – more than the population of today’s United States

350million

people who will live in China’s cities by 20301billion

Chinese cities will have 1 million + people living in them – Europe has 35 today

221

Square metres of road will be paved5 billion

Mass-transit systems could be built170

square metres of floor space will be built – in five million buildings

40 billion

of these buildings could be skyscrapers – the equivalent of constructing up to ten New York cities

50,000

– the number by which GDP will have multiplied by 2025

5 times

China’s urbanisation by 2025

25

1 billion people will live in China’s cities by 2030

Source: McKinsey

Page 26: Singapore as partner to Asia 17 May 2016

Asia’s fastest growing middle class

0 1 2 3 4 5 6 7

East Asia

Eastern Europe

Latin America

Middle East/North Africa

South Asia

Sub-Saharan Africa

Middle class, % of world income

20302000

3X

13X

26

Growth of the middle class in Asia

Source: World Bank

Page 27: Singapore as partner to Asia 17 May 2016

2011 GDP 2012 GDP 2013 GDP Ave GrowthWeighted Growth Weighted Growth Weighted Growth

SEA 5.42% 5.62% 5.76% 5.60%South Asia 8.19% 7.86% 8.04% 8.03%China 9.59% 9.54% 9.49% 9.54%NAP 2.34% 2.68% 2.55% 2.52%MEA 5.73% 5.34% 5.13% 5.40%Europe 2.07% 2.35% 2.40% 2.27%Americas 2.73% 3.29% 3.14% 3.05%

2006 2007 2008 2009 2010 2011

121086420-2-4-6-8-10

Emerging anddeveloping economies

World

Advancedeconomies

World

Emerging anddeveloping economies

Advanced economies

27

A changing world

Source: IMF, October 2012

Page 28: Singapore as partner to Asia 17 May 2016

4411.5

6.5

1.4

1

2.9*

3.4*

4.9*

7

5.4 11.5

0.7

Asia is moving beyond exporting to the West. Today its ports mainly handle cargo moving within the region.

INTRA-EUROPE

EUROPE-ASIA

INTRA-AFRICA

ASIA-EUROPE

ASIA-MIDDLE EAST INTRA-ASIA NORTH

AMERICA-ASIA

INTRA-NORTHAMERICA

ASIA-NORTHAMERICA

ASIA-AUSTRALIA

ASIA-SOUTHAMERICA

INTRA-SOUTHAMERICA

These numbers represent millions of “twenty-foot units” – a measure of volume roughly equal to the size of a shipping container.

28

Why trade with Asia? The rise of China and intra-Asia trade flows

44% of global trade flows are intra-Asia

Source: HBR, Jun 11*Combined traffic in both directions

Page 29: Singapore as partner to Asia 17 May 2016

Partner with Singapore to tap on Asian growth

Page 30: Singapore as partner to Asia 17 May 2016

30

Over half of Singapore’s overseas investmentsare headed to Asia

AsiaThe most popular destination of Singapore companies investing abroad

Singapore is the … #2 largest investor in China #2 largest investor in IndiaLargest investor in intra-ASEAN

As of December 2014, Singapore’s cumulative investments in China was US$72.3 billion

Singapore’s cumulative investments in India was US$29.8 billion from April 2000 to December 2014.

Singapore, as compared to other ASEAN countries, is the largest investor in fast growing Southeast Asia markets such as Malaysia, Indonesia and Vietnam

Source: National statistical offices and investment boards

Page 31: Singapore as partner to Asia 17 May 2016

31

Singapore companies in China

China

Page 32: Singapore as partner to Asia 17 May 2016

Guangdong

Jiangsu

Zhejiang

Liaoning

Sichuan

32

In China, bilateral Ministerial Committees lead to better support by Provincial Governments…

Tianjin Shandong

Page 33: Singapore as partner to Asia 17 May 2016

Sichuan

Guangzhou

Suzhou

Tianjin

33

Singapore’s platform projects in China serve as gateway for Singapore and international companies’ entry into China

Singapore-Sichuan High-Tech Innovation Park

Sino-Singapore Guangzhou Knowledge City

Sino-Singapore Tianjin Eco City

China-Singapore Suzhou Industrial Park

Page 34: Singapore as partner to Asia 17 May 2016

34

Sino-Singapore Tianjin Eco-city: A landmark bilateral project between Singapore and China

The beginning of the journey

First batch of 85,000 residents expected to move in by early 2012

4 sq km Start-up Area completed by 2013

30 sq km to be completed in10-15 years

TianjinEco-city Envision to create an eco-friendlyand sustainable urban city comprising of community, commercial, industrial and residential projects.

Page 35: Singapore as partner to Asia 17 May 2016

35

Quality business platforms in Tianjin Eco-city support and drive international partnerships

Eco-Industrial Park

Eco-CBD

Eco-Business Park

• A 51.5-hectare park expected to ground break in end-2011 • To be developed into an IT cluster over a period of 3-4 years

Pan Asian Holdings Limited

Eco-Information Park

Page 36: Singapore as partner to Asia 17 May 2016

36

Singapore companies in Southeast Asia

Southeast Asia

Page 37: Singapore as partner to Asia 17 May 2016

37

Vietnam-Singapore Industrial Park:Replicated 4 times and on to the 5th park

VSIP Bac Ninh, 2006700 hectares

Bac Ninh Among 500+ tenants

HaiPhong

BinhDuong

VSIP Hai Phong, 20091,600 hectares

VSIP Binh Duong, 20062,045 hectares

VSIP Binh Duong, 1996500 hectares

VSIP Quang Ngai, 20111,020 hectares

Quang Ngai

Page 38: Singapore as partner to Asia 17 May 2016

2-hr flight

3-hr flight

4-hr flight

5-hr flight

7-hr flight

Singapore

38

Singapore – 7-hour flight radius within Asia

Page 39: Singapore as partner to Asia 17 May 2016

Singapore is the key gateway to Asia’s growing markets

21 FTAs/EPAs41 IGAs76 DTAs

International Trading

Community

FinancialHub

Bi-culturalWorkforce

Excellent Business

InfrastructureGlobal

Connectivity

39

Page 40: Singapore as partner to Asia 17 May 2016

Partner Singapore into Asia through our…

Connected Marketplace

RobustFinancial Centre

Efficient Business

Environment

Asia Savvy Companies

• Home to over 37,400 MNCs• Key gateway between resource rich regions of South East Asia and

Australia, as well as China, India, and ASEAN• World-class transport and logistics infrastructure• Network of international tax and investment protection agreements

• Largest corporate banking centre in Asia with over 170 banks• Deep and liquid capital markets with 60% of Asia’s bond issuance in 2011• 3rd largest FX trading centre• Asia’s wealth management hub

• World’s easiest place to do business• Efficient, reliable, clear and fair legal system• Asia’s top dispute resolution centre• Educated and English proficient workforce

• More than 100 Singapore companies with deep and wide footprint and networks in Asia as key partners

• In various sectors from environment and energy, offshore oil and marine, transport and logistics, urban solutions sectors, e-retail, consumer, manufacturing, etc.

1

3

2

4

40

Page 41: Singapore as partner to Asia 17 May 2016

Connected Marketplace

• Home to over 37,400 MNCs• Key gateway between resource rich regions of South East Asia and

Australia, as well as China, India, and ASEAN• World-class transport and logistics infrastructure• Network of international tax and investment protection agreements

1

41

Partner Singapore into Asia through our…

Page 42: Singapore as partner to Asia 17 May 2016

Singapore is strategically located in the heart of Asia:Over 3.1 billion market catchment within 7 hours flight

India#1 Rice Exporter#3 Coal Producer#4 Coal Importer

#4 Iron Ore Producer

China#1 Steel Producer #1 Coal Producer#1 Zinc Producer

#1 Iron Ore Importer #1 Wheat Consumer

#1 Soybean Consumer & Importer

#2 Corn Consumer

Australia#1 Iron Ore Exporter

#2 Coal Exporter#2 Zinc Producer

#2 Wheat Exporter#3 Nickel Producer

Source: USDA, USEIA, USGS 2013, Others

Thailand#1 Natural Rubber Producer

#2 Rice Exporter#4 Sugar Producer

Indonesia#1 Coal Exporter

#2 Natural Rubber Producer#4 Nickel Producer

Japan#1 LNG Importer#1 Coal Importer#1 Corn Importer#2 Steel Exporter

#3 Crude Oil Importer

South Korea#3 Coal Importer#3 Corn Importer

Connected Marketplace

Page 43: Singapore as partner to Asia 17 May 2016

Businesses based in Singapore enjoy easy trade access with the whole of ASEAN, the world’s top 3 growth markets.

Connected Marketplace

Page 44: Singapore as partner to Asia 17 May 2016

• More than 100 airlines flying to 250 cities in 60 countries around the world

• World’s busiest port with 200 shipping lines that have links to more than 600 ports in over 120 countries worldwide

• Home to 6,000 logistics providers

• Developed info-communications infrastructure

Move your freight through Singapore’s transport and logistics networks: Our companies are linked to all parts of Asia through land, air, sea, and telecommunications

Connected Marketplace

Page 45: Singapore as partner to Asia 17 May 2016

Minimize your tax barriers with our 74 DTAs.

74 Double Taxation Avoidance Agreements

Singapore:74 DTAs

Hong Kong:29 DTAs

DTA Comparison

Number of Countries/territories:

Connected Marketplace

Page 46: Singapore as partner to Asia 17 May 2016

Singapore companies and nationals are protected against non-commercial risks, e.g. expropriation and civil strife when investing in these countries.

Investment Chapters

Australia China New Zealand EFTA: Norway, Switzerland,

Iceland & Liechtenstein India Japan Jordan Korea Panama Peru USA

42 Investment Guarantee Agreements

Protect your overseas investments with our 42 IGAs and 11 Investment Chapters

46

Connected Marketplace

Page 47: Singapore as partner to Asia 17 May 2016

Reduce your trade barriers through Singapore’s extensive network of FTAs

47

New Zealand

Over 20 Free Trade Agreements in force

ASEAN Japan ESFTA – Switzerland,Liechtenstein, Norway,

Iceland

Australia United Statesof America

ASEAN – China Jordan India Korea TPFTA – Brunei, Chile,New Zealand

Panama

ASEAN – Korea China ASEAN – Japan Peru ASEAN – India

ASEAN – Australia& New Zealand

Gulf CooperationCouncil

Costa Rica

Connected Marketplace

Page 48: Singapore as partner to Asia 17 May 2016

Over 37,400 multinationals made Singapore their regional headquarters and partnered Singapore companies into Asia.

Connected Marketplace

Page 49: Singapore as partner to Asia 17 May 2016

Bilateral agreements and platforms are in place between Russia and Singapore to promote greater mutual business cooperation

Avoidance of Double Taxation Agreement (DTA)

Entered into force in 2009

Investment Promotion and Protection Agreement (IPPA)

Entered into force in 2012

Intergovernmental Commission (IGC)

Annual meeting co-Chaired by Russia’s 1st DPM Igor Shuvalov and Singapore’s DPM Tharman Shanmugaratnam

Connected Marketplace

Russia Singapore Business Forum (RSBF)

Annual flagship business event between Russia and Singapore driven by IE Singapore and graced by Russia’s 1st DPM Igor Shuvalov and Singapore’s DPM Tharman Shanmugaratnam. Usually twinned with IGC.

Page 50: Singapore as partner to Asia 17 May 2016

RobustFinancial Centre

• Largest corporate banking centre in Asia with over 170 banks• Deep and liquid capital markets with 60% of Asia’s bond issuance in 2011• 3rd largest FX trading centre• Asia’s wealth management hub

2

50

Partner Singapore into Asia through our…

Page 51: Singapore as partner to Asia 17 May 2016

Deep commercial banking set up with over 170 supporting banks

Top asset management location with >US$2.1 trillion of assets under management1

3rd largest foreign exchange trading center in the world by Bank for International Settlements >US$380 billion average daily volume

Deep and liquid capital markets which has raised over US$1 trillion via debt and equity

Only Asian country with “AAA” rating

1Source: SGX

Expand your Asian trade and investments through Singapore’s deep and liquid financial market

Robust Financial Centre

Page 52: Singapore as partner to Asia 17 May 2016

775 listed companies and market capitalization of US$743 billion Examples of global companies listed on Singapore Exchange: Hutchinson Port Holdings

(US$5.5 billion), Jardine Matheson Commodities companies listed in Singapore include Wilmar, Noble, Olam and more recently

Bumitama (palm oil) and Geo Energy (coal).

Source: SGX

Singapore is Asia’s most international equity listing venue

Robust Financial Centre

Page 53: Singapore as partner to Asia 17 May 2016

1,500 listed debt securities from 36 countries in 20 currencies S$800 billion raised; US$22 billion bonds raised in 2013 Examples:

Louis Dreyfus: US$350 million perpetual bonds (4X oversubscribed) in 2012 Gunvor: US$500 million 5-year bonds in 2013 Trafigura: US$500 million perpetual bonds (5X oversubscribed) in 2013; US$200 million

perpetual bonds in 2014

Source: SGX

Singapore is Asia’s leading listing venue for international debt securities

Robust Financial Centre

Page 54: Singapore as partner to Asia 17 May 2016

Over 170 banks providing a wide range of corporate banking services including:

• Trade Finance

• Corporate Finance

• Loan Syndication

• Derivatives Trading and Hedging

• Cash Management

• Transaction Services

Competitive commodity financing rates of 1 – 2 %

Access financing and financial services through Singapore’s strong banking environment

Robust Financial Centre

Page 55: Singapore as partner to Asia 17 May 2016

• Over US$2.1 trillion of assets under management• Institutional Funds > US$1,300 billion• Private Wealth Management > US$400 billion• Temasek & GIC > US$400 billion

• Access to growing private wealth of South East Asia, China and India• Over 4,000 registered funds and 100 fund management companies

Source: SGX

Singapore is Asia’s leading wealth management hubRobust Financial Centre

Page 56: Singapore as partner to Asia 17 May 2016

Efficient Business

Environment

• World’s easiest place to do business• Efficient, reliable, clear and fair legal system• Asia’s top dispute resolution centre• Educated and English proficient workforce

3

56

Partner Singapore into Asia through our…

Page 57: Singapore as partner to Asia 17 May 2016

We continually strive for a business environment that is efficient, transparent, stable, secure and fast.

• #1 in World Bank’s ranking of Ease of Doing Business for 7 consecutive years

• #1 Transparent Governance in Asia WEF Global Competitiveness Report 2013 - 2014

• #1 Logistics Supply Chain Performance in AsiaWorld Bank, Logistics Performance Index

• #1 City Infrastructure In The WorldMercer City Infrastructure Rankings 2016

• #1 Labour Market EfficiencyWEF Global Competitiveness Report 2013 - 2014

• #1 Intellectual Property Protection in AsiaWEF Global Competitiveness Report 2013 - 2014

https://www.iras.gov.sg

https://www.acra.gov.sg

http://statutes.agc.gov.sg/aol/home.w3p

https://www.bizfile.gov.sg

Efficient Business Environment

Page 58: Singapore as partner to Asia 17 May 2016

We maintain an efficient, reliable and impartial legal system.

Singapore’s civil justice system is ranked 4th in the world according to World Justice Project Rule of Law Index 2012

Singapore ranked #1 in the world for order and security

Singapore ranked #7 in the world for absence of corruption

Singapore ranked #10 in the world for regulatory enforcement

Source: WEF Economic Report 2014-2015

Efficient Business Environment

Page 59: Singapore as partner to Asia 17 May 2016

Singapore as Asia’s top dispute resolution centre• Neutral playground using English, common law based

system

• Strong legislative framework based on UNCITRAL Model Law

• Home to Top Arbitral Institutions• International Court of Arbitration of the International Chamber of

Commerce (ICC)

• Singapore International Arbitration Centre (SIAC)

• International Centre for the Settlement of Investment Disputes (ICSID)

• International Centre for Dispute Resolution (ICDR) of the American Arbitration Association

Preferred Seats of Arbitrations

Ranking City

1 London

2 Geneva

3* Singapore3* Paris3* Tokyo

Singapore - 3rd Most Preferred Location for Arbitration

Source: School of International Arbitration at Queen Mary 2010* Tied for third

59

Efficient Business Environment

Page 60: Singapore as partner to Asia 17 May 2016

To support global business, we have nurtured a talented workforce.

• Singapore has the largest physical trading community in Asia and 4 th largest in the world, after New York, London & Houston according to KPMG

• An open immigration policy has served to enhance Singapore’s talent pool. This gives companies the opportunity to source for the best personnel from anywhere in the world.

• The multi-cultural Singaporean workforce is highly educated, highly motivated and highly productive

• Proficient in English – the language of international business

• No. 1 Labour Force in the World according to Business Environment Risk Intelligence

• Top 5 in Asia for most motivated workforce and top 10 in Asia for best skilled labour

Source: BERI's 2011-1 Labour Force Evaluation Measure (LFEM) Report, IMD World Competitiveness Yearbook 2013

Pool of Trading Talents

World’s Top Labour Force

Efficient Business Environment

Page 61: Singapore as partner to Asia 17 May 2016

Asia Savvy Companies

• More than 100 Singapore companies with deep and wide footprint and networks in Asia as key partners

• In various sectors from environment and energy, offshore oil and marine, transport and logistics, urban solutions sectors, e-retail, consumer, manufacturing, etc.

4

61

Partner Singapore into Asia through our…

Page 62: Singapore as partner to Asia 17 May 2016

They are now exporting these capabilities and know-how to the world, beginning with Asian markets….

Over the years, Singapore companies have built up strong capabilities and expertise in various industries

Environmental and Energy

Transport & Logistics

Urban PlanningOffshore Oil and Marine

Asia Savvy Companies

Page 63: Singapore as partner to Asia 17 May 2016

Environmental Services

Water management Waste management

• S$1.7 billion integrated solid waste management facility in Qatar

• S$66 million BOO contract for Integrated

Waste Management Facility,

Brunei 2010

Partnering foreign governments and industriesto tackle environmental issues

Tianjin Dagang Desalination Plant (China)(China’s Largest)100,000m3/day

Magtaa Desalination Plant(Algeria)(World’s Largest)500,000m3/day

Asia Savvy Companies

Page 64: Singapore as partner to Asia 17 May 2016

Energy Services

Sembcorp – IWPP in Fujairah, UAE

One of the largest of its kind, the Fujairah Integrated Water and Power Plant (IWPP) produces 893 megawatts of power and 130 million gallons of water per day. An expansion in the water production capacity is currently being planned

Rotary’s Tank Farm in Saudi Arabia

In 2009, Rotary won the engineering, procurement and construction (EPC) contract to build a refinery tank farm at the Jubail Export Refinery in Saudi Arabia. The value of this contract was stated to be €0.62billion.

When completed late this year, this tank farm would export 400,000 barrels of oil daily and would be one of the most advanced tank farms in the world.

Asia Savvy Companies

Page 65: Singapore as partner to Asia 17 May 2016

Offshore Oil and Marine

Singapore’s Global Market Share

global market share

Jack-up Rigs

> 70% global market share

Semi-submersible Rigs

> 70% global market share

FPSO Conversion

> 80%

global market share

Fast Ferries (< 60m)

> 45% global market share

Offshore Support Vessels

> 20%

Asia Savvy Companies

Page 66: Singapore as partner to Asia 17 May 2016

Transport and Logistics Services

World-class operator of 29 ports across 17 countries

Provides integrated end-to-end supply chain management across Asia Pacific

World’s largest provider of aircraft maintenance, repair & overhaul services

Exporting the Changi Experience to over 20 airports worldwide

Asia Savvy Companies

Page 67: Singapore as partner to Asia 17 May 2016

Urban Planning & Design

The 136-ha piece of land is the biggest development site in Xi’an. The area is master planned as a modern ecological environment, ideal for both residential living and recreation

Surbana Jurong – Xi’an Residential Township Project

India’s first hi-tech park of its kind designed to provide a complete ‘work & play’ environment for IT and technology-related businesses

The first industrial park in China to be certified ISO 9002 and a world-class facility that offers an excellent environment for high-tech and electronics manufacturing

International Tech Park Bangalore

Wuxi-Singapore Industrial Park, China

Asia Savvy Companies

Page 68: Singapore as partner to Asia 17 May 2016

Frasers Hospitality - China

Frasers currently owns and operates 9 properties in China. These include hotels and residential buildings.

The properties are catered to modern businessmen and women, focusing on excellent interior design and superior locations near the Central Business District.

Ascott – Park Place Dubai

Ascott Park Place Dubai provides luxury residences with comprehensive services and modern facilities in the iconic 56-storey Park Place Tower. The tower is situated on the exclusive Sheikh Zayed Road, home toDubai's most valuable real estate and business district centre, and in close proximity to the city’s many amenities.

68

Property Management ServicesAsia Savvy Companies

Page 69: Singapore as partner to Asia 17 May 2016

Components/ Modules manufactured by Singapore

Components/ Modules manufactured by Singapore

Racer TechnologyPte Ltd

AS9100 & NADCAP Certified

BRAKING SYSTEMSPlastic Moulded Parts

INTERIOR

SeatsRubber PartsPlastic Moulded PartsMetal Stamped Parts

SAFETY SYSTEMS

ELECTRONICS

Engine Control ModulesSensors ComponentsAutomotive Microcircuits

Airbag InitiatorsSide Impact SensorsPassenger Restraint Systems

AUDIO AND TELEMATICS

Plastic Moulded Parts

OTHERS

Metal, Rubber and Plastic Parts

Automotive Aerospace Medical Technology

69

Precision Engineering

Page 70: Singapore as partner to Asia 17 May 2016

World class living and working in Singapore

Page 71: Singapore as partner to Asia 17 May 2016

We continually strive to provide a world class quality of life to attract global top talents and investors.

• Most Liveable City In the WorldECA International, 2015

• Best Quality Of Living In Asia PacificMercer Quality of Living Survey 2016

• World’s Healthiest CountryBloomberg, The World’s Healthiest Countries 2016

• Best Place To Live For ExpatriatesHSBC, Expat Explorer 2015

Page 72: Singapore as partner to Asia 17 May 2016

Singapore today is a vibrant urban city

Page 73: Singapore as partner to Asia 17 May 2016

We host the world’s top events

Page 74: Singapore as partner to Asia 17 May 2016

The inaugural Youth Olympics

Page 75: Singapore as partner to Asia 17 May 2016

The Russia Singapore Business Forums

Page 76: Singapore as partner to Asia 17 May 2016

We strive to create a great country for living, working and raising families…

Page 77: Singapore as partner to Asia 17 May 2016

… enjoying high entertainment…

Page 78: Singapore as partner to Asia 17 May 2016

… heart pounding sports...

Page 79: Singapore as partner to Asia 17 May 2016

… and soul stirring arts.

Page 80: Singapore as partner to Asia 17 May 2016

Singapore offers the world’s cuisines!

Page 81: Singapore as partner to Asia 17 May 2016

Key ingredient of Singapore’s economic progress: Soft infrastructure of racial and religious integration and to achieve social harmony and stability.

Page 82: Singapore as partner to Asia 17 May 2016

Questions?

Page 83: Singapore as partner to Asia 17 May 2016

Thank Youwww.iesingapore.com

This material contains confidential and/or official information. The terms and conditions governing its use can be found at www.iesingapore.gov.sg/Terms-of-Use.