Singapore's selling points Flashcards
To understand what are the key areas of Singapore that attract investors
What is our rank in least risky countries for investments?
1st in Asia
What is our rank in ease of doing business?
2nd Globally
What is ASEAN’s ranking in size of consumer market?
5th
How does Singapore act as the bridge to SEA?
SG accounts for over 50% of the total value of aggregate VC deals in the region since 2014 and makes up 75% of total VC capital in 2019
Can find multiple investment opportunities
Why is Singapore an economic powerhouse?
- Good political stability; businesses supported by the rule of law; trust in transparency with lowest corruption in Asia Pacific
- Businesses are supported by low unemployment, good labour participation
- Businesses can prepare for a digital future by Research Innovation Enterprise 2025 programme, Smart Nation initiative (creating digital eco-system infrastructure), design world-class AI solutions supprted by national AI strategy
How many diversified sectors come under EDB’s purview? What are sectors you would like to work in?
- Urban Solutions and Sustainability. Logistics & Supply Chain Management. Natural Resources.
How does Singapore have an attractive business environment?
- Innovation grants supporting R&D training and capabilities + Regulatory sandboxes = Help you develop innovations quickly and effectively. Expansion incentives support corporate management functions such as HQ and treasuries
- Robust tax and regulatory system (comprehensive IP legal framework, competitive tax rates and schemes, expansive network of Avoidance of Double Taxation Agreements)
- Business regulations and processes have been designed to be transparent and streamlined.
Fully digitised processes mean businesses can be started quickly and conveniently, even without being in Singapore. - Asia’s decision-making centre (46% of global MNCs have their Asian headquarters in Singapore)
- Access key business expertise and networks (5th most competitive financial centre globally, Asia’s most competitive marketing hub). Spaces like business parks and innovation centres help connect to expertise and networks by making businesses closely co-located with the most important business partners.
- Build cutting-edge solutions (1st in Asia in IP protection)
- Leverage deep engineering and innovation capabilities (Over $25 billion to be invested over 2021-25 to boost engineering and innovation capabilities as part of the RIE 2025 plan)
How does Singapore have an attractive talent pool?
- 1st in talent competitiveness in Asia
- World’s 2nd-highest proportion of high-skilled employment.
- Corporate universities of Deloitte, UBS, Unilever and Visa offer global leadership development and management training programmes here.
Tell me more about Singapore’s extensive network
- 1st in connectivity: We have the best flow of goods, services, finance, people and data globally
- 26 bilateral and regional Free Trade Agreements (FTAs)
- 2 Digital Economy Agreements (DEAs)
- 2nd biggest transhipment hub globally
How does Singapore have a future-ready infrastructure base?
-1st in digital infrastructure
-Smart hydrohub: with strong water research capabilities and over 180 water companies, gain access to robust and innovative water solutions
- Reliable public transport: Ranked one of the best and most affordable by McKinsey in 2018
- Many quality business parks
What is our rank in innovation input and innovation, respectively?
1st globally and 1st in Asia
What is our ranking for high-tech exports?
4th in Asia
What is our ranking in future readiness in drivers of production?
2nd globally
Briefly provide details about Singapore’s startup ecosystem.
There are over 3,000 startups plugged into a global network of 500 investors and more than 200 incubators and accelerators.
What percentage of ASEAN’s population is below 30 and considered digitally savvy?
65%
