Introduction:
Global City - Its simple definition is that it is a city that is an important nodal point in the global economic system.
Singapore is both a city and a nation-state. This complicates matters. Most foreigners think of Singapore simply as a city. But most Singaporeans think of Singapore in national terms. This, by default, has had the unintended side effect of causing some fissures in the national fabric. It is possible to be both a global city and a nation-state. But it could be argued that the global city project pursued by Singapore has come at a heavy price for the nation-building project.
In order to create a “buzz” to acquire attentions of mass population from around the world, Singapore has open their doors
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Taxi etc.
IR Approval Process:
Since there was controversies among public and members of ministry in establishing IR in Singapore, the government had to go with a specific process to evaluate the pro and cons in establishing IR.
As a first step on this, the government had called for a Request for Concepts (RFC). This is a process whereby interested bidders would present concept proposals for the IR. There is no compulsion for the government to agree to whatever said RFC. If the government feels that the IR concept is not feasible or positive, the government had all the rights to say No.
The result of RFC was a success. Many of the bidders were leading companies in the industry which had built high quality IRs elsewhere, and had solid track records and international reputations to protect. This helped Ministers to understand the concept of IR better.
The economic point of view for IR establishment not only viable in Singapore but there was a major market opportunity waiting to be tapped. However an idea which has great positive impact cannot be encouraged. Singapore needs to check on Social issues too in addition to this.
For this they proposed 5 methods in minimize the social impact created by the establishment of IR in
Singapore is located at the centre of a crucial sea route in the far east. The sea route is controlled by the Japanese and attempting to prevent from the British claiming the control of the route.
Singapore was founded in 1819 as a British trading colony. Although it joined the Malaysian Federation in 1963, it declared independence in 1965. Since then, it has been one of the world’s wealthiest countries with strong international trading. It has one of the world’s busiest ports. Geographically, it located in the Southeastern Asia, between Indonesia and Malaysia with total area 697 sq. km (land area 687 sq. km, and water 10 sq. km) (CIA, World Factbook, 2016).
The criticism exists on its economic feasibility and achievement of the stated environmental sustainability. The project had to face a number of lawsuits which caused delay to the project.
Although the IRS knew that change was needed and had participated in some way to the data that drove the decisions to change, a sense of urgency was created when the RRA was signed into law. The need for change was further publicized during the four day nationally televised hearings of the Senate Finance Committee detailing the IRS inadequacies and taxpayers abuse. To restructure the IRS had to become a more customer-centered enterprise. Using Kotter’s 8-strp model, the change followed these steps:
This chapter explains the basic principles of the R&R State aid and the current situation in the legislation. The author will analyze the effectiveness of the current Communications and the need for new regulations. Additionally, this chapter will explain the principles which the Commission applies during the R&R aid cases, as well as, why conditionality of the aid is necessary to prevent the distortion of
Like any capable instrument, it should be utilized with care so as to determine every one of the advantages. Here are seven proposals for maintaining a strategic distance from issues.
The RFP has a long, detailed list of terms and conditions of the agreement. The selected Proponent must follow and honor each code in order to save their position with CCRA. Confidentially, disqualification, reserved rights, negations, execution of agreement, conflict of interest, plus the detailed list (p. 34-41), are all the legal stand points with proceeding to plan, coordinate, organize and execute the conference in a successful manner. For the future, I would recommend the CCRA and the Partnership include past legal violations from past Proponents so the selected Proponent is aware that the
It is also easy for many other companies to set up headquarter in Singapore as their starting point in Asia to make it possible to reach to its market point. In addition, Singapore is unique in different lifestyles and culture. It is also known for its capability of attracting sizable foreign investment, pro-business environment and entrepreneurs. Singapore focuses more on a knowledge based economy which can be seen in its education sysem. Furthermore, Singapore is located in the heart of Asia and it plays an important role in international
There were two major happenings that temporarily effected Singapore’s economy between 2001 and 2003—the worldwide electronics slump and the outbreak of Severe Acute Respiratory Syndrome (SARS). Both times, growth bounced back, by world demand for electronics, pharmaceuticals, other manufactured goods, and financial services. The return was mostly contributed to by the economies of its major trading partners—the United States, the European Union, Japan, and China, as well as expanding emerging markets such as India (Bureau of East Asian and Pacific Affairs, 2010). The next
main focus’s is developing Singapore as the first “smart nation”. This means they are streaming data throughout the entire county, forming “smart traffic lights” or “smart GPS systems” found in taxi cars. As
The main problems with the existing system and goals for the future system identified as below:
Some interviewees put it down to the influence of the Singaporean government on the corporate sector – the former has inclined towards forward planning and orderly action in shaping the country’s success to date. This influence has also shaped the country’s education system, which undoubtedly influences the paradigm of many Singaporean business leaders.
Singapore has a capitalised mixed economy. Having strong international trade links, Singapore possesses one of the most open economies for international trade and investment. Singapore offers foreign investors a pro-business environment, excellent infrastructure, highly-skilled and cosmopolitan labour force, and a robust legal/judicial system. These competitive factors have set Singapore apart from other locations, winning several accolades including: §
Much of Singapore’s economic success has been attributed to its status as a world-class commercial and trading centre. In the past century, the government has focused most of the nation’s policies to boost its economy and establish the country’s reputation in the global market. There were sparse efforts to refine plans and raise its sports profile. The report from the Committee of Sporting Singapore (CoSS) in 2001 stated that sports in
Market share in the real estate business in Singapore is mainly capitalized by few big players such as City Development Limited, CapitaLand and Keppel Land. If any multi-national real estate company approaches to invest here, they will be restricted to a marginal shareholding in the new companies. A new entrant will be therefore a private Singaporean company, and as such the barriers to entry is high in the real estate business.