How Marina Bay served as a model to the Principles of Governance

deployed to help Singapore sustain its growth in the 21st Century

Presented by: Lim Fang Yi(27) 3S2

Brief Introduction to Singapore

• Singapore’s Gross Domestic Product(GDP) was USD$208.77 Billion (as of 2010)

• Singaporean’s average Purchasing Power Parity(PPP) USD$56,964

Brief introduction to MBS

• Owned by Las Vegas Sands• Total worth of building+prime land = SGD 8 billion• Officially opened on 23/06/2010• Integrated Resort with Casino,Shopping,Hotel• Projected to stimulate addition of SGD$2.7 billion or

0.8% of GDP by 2015• employing 10,000 people directly and 20,000 jobs

being created in other industries.

Brief introduction to MBS

• Casino expected to generate at least SGD$1 billion in annual profit

• Three towers connected by 1 hectare terrace known as SkyPark

• World’s longest elevated swimming pool• Over 300 outlets and stores,2 Crystal Pavilion• 2 theatres, art path, expo and convention

centre and ArtScience Musuem.

Principles of Governance

• Leadership is keyLeaders must do what is right rather than

what is popular• Anticipate change and stay relevantBe open to new ideas and question old

assumptions. Never be trapped in past

Principles of Governance

• Reward for work and work for rewardWe can only earn a living and safeguard our

future only through our efforts and intelligence

• A stake for everyone, opportunities for allWe aim to create an inclusive society where

citizens feel a sense of ownership and belonging

How principles of governance deployed to help Singapore help

sustain its growth

Leadership is key• leaders foresee the potential in Singapore’s growth in

tourism. industrial IRs e.g. MBS,RWS built to attract tourists, retail outlets and F&B set up restaurants and bars

• built Marina Bay as a city of leisure and entertainment, not only Business Districts

• Parks are built-energy conserving by cooling area down and energy-saving electrical appliances

• Conservation:Building on reclaimed land• YOG 2010 connects country to the world• Future developments• Transit-oriented(MRT station)• Planned well for conserving energy

Anticipate change and stay relevant • Some people believe that building of casinos from

IRs will cause many family and social problems arose from gambling

• Against government’s decision to build Casino• Government continued to allow casinos to be built,

hearing people’s concerns simultaneously• Singaporeans pay levy SGD$100 upon entry to casino

and family members can apply a ban to enter casino for their family members

Reward for work and work for reward• Talents from all over the world are employed at the

Marina Bay, a Business District• They are given a chance to serve and work for a

world-renowned multi-national enterprise like Las Vegas Sands.

• People who are recognised for their contributions to the company Las Vegas Sands, are given chances for promotion to a higher position.

A stake for everyone, opportunities for all

• Many Singaporeans and foreigners work here• All hold different jobs with different status

and salary• Everyone gets the same basic benefits like

medical, education• Everyone given a chance to prove themselves• No priorities given to everyone• Anyone working in casino have to go through

proper training, no exceptions.

In conclusion… The planning of Marina Bay is directly or indirectly connected to the 4 principles of governance Innovative ideas and benefits being put in place to ensure efficiency of the bay Marina Bay serves many different purposes

Marina Bay inspires us to think of new creative ideas and work on them Merged many different ideas which balance one another A place enjoyable for everyoneBenefits the whole country including people

~Acknowlegements~

• Marina Bay Sands Website• Singapore Tourism Board• Singapore Government