ALL YOU NEED TO KNOW ABOUT EDB & SINGAPORE · 2019-05-07 · GDP 1960S$2.16bn – 2017 –...
Transcript of ALL YOU NEED TO KNOW ABOUT EDB & SINGAPORE · 2019-05-07 · GDP 1960S$2.16bn – 2017 –...
ABOUT EDB & SINGAPORE
ALL YOU NEED TO KNOW
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inaccuracies, incompleteness or lack of suitability for purpose of any information in the presentation.
Updated Mar 2018
WHO WE ARE
ABOUT EDB
OUR VISION
A Global Leader
A Great City
A Home in Asia
For Business, Innovation and Talent
We create sustainable economic growth, with vibrant business and good job
opportunities for Singapore.
The Lead Agency that plans and executes Economic and Industrial Development Strategies for Singapore
OUR MISSION
ATTRACT FOREIGN
INVESTMENTS
GROWINDUSTRY
VERTICALS
ENHANCE BUSINESS
ENVIRONMENT
ABOUT EDB
AGENCIES UNDER MINISTRY OF TRADE AND INDUSTRY
Minister (Trade & Industry)
Mr Chan Chun Sing
Minister in - charge of Trade Relations
Mr. S Iswaran
SINGAPORE TODAYSINGAPORE BUSINESS ENVIRONMENT
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Labour IntensiveIn the 60s, we experienced high unemployment that camewith strong population growth.
To create jobs, EDB was set up in 1961 to promote industrialization and attract foreign investment. Given the low skill base, we focused on promoting labor-intensive and low-skilled industries driven by exports.
Singapore today is vastly different from 5 decades ago
Skills IntensiveIn the 70s, after achieving full employment, we developed employees’ skills to increase wages and elevated their standardof living.
EDB arranged for foreign companies to set up training institutesfor our workers, and sent young workers to apprenticeship programmes in the U.S, Europe and Japan.
Capital IntensiveIn the 80s, the skills we developed in the 70s laid the foundation for more capital-intensive activities. We set up our first semiconductor wafer fabrication plant and the first petrochemical complex in Asia.
We also diversified our engineering industries to cover industrial machinery, machine tools, automation equipment & aerospace engine overhaul.
SINGAPORE TODAY SINGAPORE’S ECONOMIC
TRANSFORMATION
Technology + Services
The 90s marked the technology-intensive phase when companies moved up the value chain and intensified the use of technologies.
We strengthened our capabilities in key industries, namely chemicals, electronics and engineering. Leveraging our strengths in these industries, we began to develop a new industry cluster: Biomedical Sciences (includes pharmaceutical, biotechnology & medical technology sectors).
70s
90s80s
60s
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Singapore today is vastly different from 5 decades ago
SINGAPORE TODAY SINGAPORE ECONOMIC
TRANSFORMATION
Knowledge + Innovation
In the 21st Century , we increased our focus on knowledge and innovation-intensive activities. R&D is now a cornerstone of our economic development. We have also put in place a strong IP protection & enforcement environment.
Today, we have established a strong network of public & private sector R&D centresto commercialise new technologies, processes and products.
2000s
GDP
1960 – S$2.16bn
2017 – S$447.3bn
GDP per capitaat current market prices
1960 – S$1.31k
2017 – S$79.7k
Source: Department of Statistics Singapore (2018)
SINGAPORE TODAY SINGAPORE’S
ECONOMIC TRANSFORMATION
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Improved GDP per capita by more than 40x
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Th
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GDP per capita, current market prices, US$ (thousands)
19.4%
4.3%
11.4%
17.6%
13.3%
14.8%
19.2%
Transport & Communications
Business Services
Manufacturing
Wholesale & Retail
Financial & Insurance
Construction
Others
2017 GDP: S$447.3bn
2017 GDPGrowth: 3.6%
2018 GDP growth forecast: 1.5% - 3.5%
(US$324 bn)US$1.00 = S$1.3807
SINGAPORE TODAY
OVERVIEWOF SINGAPOREECONOMY
Source: Annual Economic Survey of Singapore 2017, MTI
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% that each industry contributes to the G
DP
SINGAPORE TODAY GLOBAL
LEADERSHIP POSITIONS
AEROSPACE
Contributes 10% of global MRO (maintenance, repair and overhaul) output.
BIOMEDICAL SCIENCES
4 of the top 10 drugs by global revenue are manufactured in Singapore.
LOGISTICS
Handles one-seventh of the world's container transhipment throughput, the most for any hub on the planet.
MARINE & OFFSHORE
Host to over 3,000 established M&OE (marine & offshore engineering) firms.
ENERGY & CHEMICALS
7th largest exporter of chemicals in 2015.
(Source: World Trade Statistical Review 2016)
ELECTRONICS
One of the most diverse semiconductor industries in Asia-Pacific, with $64.8bilof output in 2015.
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Singapore – A globally competitive manufacturing hub
SINGAPORE TODAY
Singapore
Rank Country
1 New Zealand
2 Singapore
3 Hong Kong
4 Denmark
5 Republic of Korea
Rank Country
1 Singapore
2 US
3 Taiwan
4 Switzerland
5 Belgium
Rank Country
1 Singapore
2 Sweden
3 Switzerland
4 Finland
5 US
Source: Global Innovation Index 2017, Innovation Input Sub-Index
Source: BERI’s 2017 LabourForce Evaluation Measure
Source: World Bank’s Doing Business 2018 Report
Source: BERI Report 2017-1
Singapore is the top-ranked Asian country in the Global Innovation Index 2017
* Singapore ranks 7th overall in GII 2017, outperforming Hong Kong, Korea, Japan and China.
SINGAPORE’SRANKINGS
Investment Potential
Rank Country
1 Singapore
2 Germany
3 Netherlands
4 Taiwan
5 Norway
Ease of Doing Business Labour Force Innovation Input
TRUST• Government as a
trusted partner
• Pro-business environment
KNOWLEDGE• High educated
workforce
• Technology readiness
• R&D capabilities
CONNECTEDNESS• Connected to the
global trade network
• Openness to talent
LIVEABILITY• A safe and vibrant
city to work, live and play
SINGAPORE TODAY
Advantages to companies investing here
SINGAPORE’SSTRENGTHS
Credit: Brain by Laymik, Knowledge by ProSymbols, connect by Fevzi.C, House by Aham Brahma (from Noun Project)
INFRASTRUCTUREIN SINGAPORE
SINGAPORE BUSINESS ENVIRONMENT
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INFRASTRUCTURE IN SINGAPORE
INFRASTRUCTURE& CONNECTIVITY
Sembawang Port
Woodlands & North Coast Wafer Fab Parks
CleanTech Park
Pioneer & International Business Park
Co-location Data Centres: Digital Realty Trust, Equinix SG2, M1, Tanjong Kling Development, Viewquest
Tuas Biomedical Park
Jurong Port
Pasir Panjang Port
Jurong Island
one-northBiopolis, Mediapolis, Fusionopolis, LINK,
LaunchPad
Co-location Data Centres: Ascenix, Ato Origin, CITIC Telecom, Crimson Logic, Equinix SG1 & SG3, ICONZ, Singtel, Webvisions
Serangoon & Ang Mo Kio
Co-location Data Centres: Epsilon, Indostat, I/O ST Electronics, Keppel Digihub, NTT, Telstra
Seletar Aerospace Park
Offshore Supply Base
Tampines & Pasir RisWafer Fab Parks
Changi & Loyang Aerospace Parks
Changi Airport
Changi Business Park
Co-location Data Centres: BT Global Services, Fujitsu, Keppel Datahub, Singtel, Telin
Tai Seng & Chai Chee Technopark
Co-location Data Centres: 1-Net, AT&T, Global Switch, NCS, NTT, Pacnet, Savvis, Singtel, Tata Comms, Telehouse
Keppel Port
Ports Industrial ParksBusiness Parks
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CONNECTIVITYAccessing the opportunities in Asia
SEA: 33.35 mil TEUs handled in 2017200 shipping lines; 600 ports
in 123 countries
AIR: ~2 mil tons handled in 2017Over 7,200 weekly flights
to 400 cities
Skytrax 2017World’s Best Airport 2017Changi International Airport
Asian Freight, Logistics & Supply Chain Awards 2017Best Seaport (Asia)
INFRASTRUCTURE IN SINGAPORE
Photo credit: Changi Airport Group
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