SINGAPORE
Culture and Economic
Name: Roan Hieu Trung
Tran Dinh Tuan Anh
Truong Thanh Phu
Le Phan Duy
Instructor: Dr. Ping He
OUTLINE
• BACKGROUND
• CULTURAL ANALYSIS
• ECONOMIC ANALYSIS
• 5 DIMENSONS
BACKGROUND
•
Founded as a British trading colony in 1819
•
Singapore joined Malaysia in 1963
•
After 2 years become independent.
•
One of the world’s most prosperous countries
•
Strong international trading links
COUNTRY
•Adopt an authoritarian political style
•Focus on common values of modernization
"think of future common endeavors and achievements" instead of
"the distinct contributions of each community.
•Immigrants gave their allegiance (residence and citizenship)
to Singapore
(reorient the loyalties owed to larger political units such as China, India, Indonesia and Malaysia and focus them on Singapore)
Philosophy change in people
Philosophy change in business
Geographical
•
•
•
•
Location: Singapore is a country between
Malaysia and Indonesia in Southeastern Asia.
The area is 710 km2 (a little bit more than
Jakarta, 661.5 km2)
Climate: tropical, hot, humid, and rainy
Topography: mostly low-lying, green, undulating
country with a small range of hills at the center.
Literacy rates
Accordingly about 155 918 adults are illiterate. (2016)
Literacy rate for adult male population is 98.66% (2 322
868 persons). 31 621 are illiterate.
Literacy rate for adult female population is 95.09% (2 405
161 persons). 124 298 are illiterate.
Youth literacy rates are 99.9% and 99.9% for males and
females accordingly. The overall youth literacy rate is
99.9%. Youth literacy rate definition covers the population
between the ages of 15 to 24 years.
Language
Diet and nutrition
Healthcare
The Singapore healthcare system comprises public and private healthcare
5 DIMENSONS
POLYTICAL SYSTEM
GOVERNMENT IN BUSINESS
Special Tax
Stability of government:
-
Best conditions for foreign investor to look
stamp duty property tax
information and have support form assistance
programs.
Political risk
Source: />
East Asia/Pacific Avg.
79
79
79
78
76
Hong Kong
92
92
92
92
92
Singapore
92
92
92
89
89
Taiwan
90
90
90
90
89
Australia
88
88
88
88
88
New Zealand
86
84
82
83
80
Japan
85
86
86
84
82
South Korea
82
82
80
78
73
Malaysia
78
78
80
80
79
Thailand
76
76
76
76
72
Philippines
73
73
73
73
68
Papua New Guinea
72
72
72
71
71
China
70
70
70
70
69
Indonesia
69
71
72
73
72
Vietnam
68
68
64
64
65
Political
is stable
Singapore being a democratic
country has voted
representatives to rule the
nation
According to PERC (Political and Economic Risk
Consultancy ) Singapore enjoys the lowest risk in Asia
Advantages
•
Disadvantage of enemy is our advantage
Investor will consider choose Singapore instead nearby neighbor countries
Less risk less depreciate currency (SGD)
Less adjust capital
Disadvantages
1.
Restriction of free speech for opposition parties
–
–
It may lead to costly suit
Imprisonment
2. Limited dissemination of content
-Contribution to free speech activities is low
Legal system
Organization of the judiciary system based
on British common law.
•
4 points: Constitution, Legislation, Subsidiary Legislation
and Legal decisions made by judges.
•
Civil Courts includes : High court, district court,
magistrates court and small courts.
•
Rule- bound : littering, gum chewing, smoking , etc.
Business customs and practices
•
The group, rather than the individual
•
When you contact with Malaysian – Singaporean, you also should respect their Islamic
value
Muslim workers often pray in office and daily prayers are at about 1pm and 4pm.
•
•
•
•
Singaporean business culture is very ethnocentric
Singapore prides itself on being the most corruption-free state in Asia. Consequently, it has strict
laws against bribery. Government employees may not accept gifts of any kind.
Chinese – Singaporeans respect hierarchical relationship. They will introduce in order of
seniority and call employer “Mr./Mrs./Miss/Ms” with their surnames.
Religion and other belief systems
⇒Freedom of Religion
⇒Cannot talk of religion in the work place.
Infrastructure
Public transportation
MRT
Speed & efficiency
Bus
Extensive network
Taxi
Fares relatively cheap
Extremely high prices for buying a car to
Road & motoring
control the demand
nd
2 busiest port in the world
Port
Use alternative transportation systems
Connected to > 600 ports in 123
countries in 6 continents
ECONOMIC ANALYSIS
Population
- Estimated to be 5.664.322 people (2016)
-
Growth rates : 1.97%
Number of live births : 51.60
- Migration rates and patterns: 82.722 people