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Working and Living in Singapore
Ms Quek Ling Xiang
Area Director(Southeast Asia)
Contact Singapore
www.contactsingapore.sg
Today‟s Agenda
Introduction to Contact Singapore
The Singapore Economy at a Glance
Working & Living in Singapore
Q&A
About Contact Singapore
One-stop centre that aims to attract global talent to work, invest and live in Singapore
Actively links professionals and graduating students with Singapore-based employers in key growth industries
Facilitates the decision making of individuals who are keen to do business and invest in Singapore
An alliance of the Singapore Economic Development Board and Ministry of Manpower
Contact Singapore
North America
Australia
Europe Greater China
• New York
•San Francisco •Boston
•London
•Frankfurt (also covers Central &
Eastern Europe)
•Beijing
•Shanghai (covers Hong
Kong)
•Sydney (also covers New Zealand)
India
•Mumbai
•Chennai
Singapore (covers Southeast Asia and Middle East)
Contact Singapore‟s Global Network
EDB Offices
Americas: Boston, Chicago, Dallas, Los Angeles, New York, San Francisco, Washington DC, Sao Paulo Europe: Frankfurt, London, Milan, Paris, Stockholm
Asia: Beijing, Guangzhou, Shanghai, Tokyo, Osaka, Mumbai, Jakarta
South Korea
•Seoul
Japan
•Tokyo
Taiwan
•Taipei
Contact Singapore Website
To provide global talent with a one-stop centre with information on working and living in Singapore
www.contactsingapore.sg
Contact Singapore Job Portal www.contactsingapore.sg/jobs
Job Search Avenues
Popular Job Sites
Jobsdb.com.sg
Jobstreet.com.sg
Jobscentral.com.sg
Monster.com.sg
St701.com
Efinancialcareers.sg
Popular Search Firms
Robert Walters
Kelly Services
Michael Page
Hudson
Adecco
Morgan McKinley
A comprehensive list can be found at www.contactsingapore.sg/jobs
“Careers@Singapore” Industry-specific
recruitment of working professionals
“Experience@Singapore”
Study trips and internships for students from top universities to Singapore
Careers@Singapore
to recruit IC designers in Bangalore (Sep
2010)
Experience@
Singapore: Engineering &
Technology (13 – 17 Dec 2010)
Engaging Global Talent
Experience@
Singapore: For IIT Students (1 Jun – 22 Jul 2011)
The Singapore Economy
Singapore At A Glance
Source: Statistics Singapore, 2010
Land Area : 712 sq km (275 sq miles) Population : 5.08 million (25% non-residents) Languages : English, Chinese, Malay, Tamil Government : Parliamentary Republic Time : GMT/UTC+8 County Code: +65
Overview of Singapore Economy
2010 GDP growth: 14.5%
2011 GDP growth forecast: 4% to 6% Source: Annual Economic Survey 2010
US$1.00 = S$1.3635 (2010 av.) (p) = preliminary Source: EDB RSU Census & Surveys
2010 (P) Total output in
Manufacturing Sector:
S$270 billion (US$198 billion)
2010 GDP:
S$304 billion (US$223 billion)
Manufacturing 22%
Financial Services
12%
Business Services
14%
Transport & Communication
12%
Construction 5%
Wholesale & Retail Trade
17%
Others 18%
Electronics 35%
Chemicals 29%
Biomedical Manufacturing
9%
Precision Engineering
10%
Transport Engineering
9%
General Manufacturing
Industries 8%
Key Industries In Singapore
• 80% market share of world‟s Enterprise Hard
Disk Drives output
• 50% market share of magnetic media market
• 10% of world‟s foundry wafer output
• 14 wafer fabrication plants
• 40 IC design companies
Electronics: Key Semiconductor Cluster in Asia
Biomedical Sciences: Biopolis of Asia
• Home to manufacturing facilities of 8 leading
pharmaceutical companies
• 25 Pharma and Biotech R&D centres
• 5,000 researchers
Clean Energy: R&D hub of Renewal Energy Sources
• World„s #1 wind company to set up R&D
centre in Singapore
• Largest integrated solar manufacturing complex globally to be set up in Singapore
Chemicals: One of largest Refining & Petrochem Centres
• Jurong Island: integrated world class
chemical hub
• More than 100 manufacturing plants
http://www.vestas.com/en/about-vestas/history.aspxhttp://images.google.co.uk/imgres?imgurl=http://www.solarnavigator.net/images/solar_cells_panels_array_monocrystaline.jpg&imgrefurl=http://www.solarnavigator.net/solar_panels.htm&h=415&w=492&sz=24&hl=en&start=1&um=1&tbnid=58yzEhcExEGGmM:&tbnh=110&tbnw=130&prev=/images?q=solar+panel&um=1&hl=en&rlz=1T4GGLJ_enSG266SG267&sa=Nhttp://www.acclaimimages.com/_gallery/_pages/0449-0710-0113-0816.html
Key Industries In Singapore
• Two-fold increase in value-added of the ICT
industry and a threefold increase in export revenue by 2015
• Hardware and Telecom Serv ices account for two-thirds of the total revenue
• Home to world‟s top 7 IT vendors, 75 of the
top 100 software companies
Info-comm Technology (ICT):
Tourism and BT MICE:
• Generated S$12.4b in tourism receipts with
9.7m international v isitors in 2009
Interactive & Digital Media (IDM):
• Made up of the animation industry and the
electronics games industry
• Home to Lucasfilm first and only facility outside California
• Ubisoft and Koei
have studios in Singapore
• Over 600 local and foreign financial institutions
based in Singapore with total assets of around S$1.3 trillion by end 2010 (5 year CAGR of 16%)
• One of the top 5 most active foreign exchange trading
centres globally, 2nd largest OTC derivatives trading centre in Asia,
and a leading commodities derivatives trading hub
Financial Services:
Source: Singapore Tourism Board, Jan 2010
http://images.google.co.uk/imgres?imgurl=http://www.alexandgregory.com/images/Star wars logo.gif&imgrefurl=http://www.alexandgregory.com/star_wars.html&h=1277&w=2094&sz=286&hl=en&start=10&um=1&tbnid=67yNK2AjbRpqrM:&tbnh=91&tbnw=150&prev=/images?q=star+wars+logo&um=1&hl=en&rlz=1T4GGLJ_enSG266SG267&sa=Nhttp://images.google.com.sg/imgres?imgurl=http://www.f1fanatic.co.uk/wp-content/uploads/2006/09/italiangrandprix_monza_2006_start.jpg&imgrefurl=http://niemi.blogspot.com/&h=768&w=1024&sz=103&hl=en&start=1&tbnid=eC7ARpBZ_MDX8M:&tbnh=113&tbnw=150&prev=/images?q=formula+1+Singapore&gbv=2&svnum=10&hl=en
•1st in the World for Ease of Doing Business
Doing Business 2009-2010 Report, World Bank
•Best City in Asia to live in Quality of Living Survey, Mercer, 2009
•Most Competitive Country in Asia and No. 3
Worldwide Global Competitiveness Report, World
Economic Forum, 2009-2010
•Best Skilled Labour in Asia Pacific EIU Business Environment Ranking 2008-2010
•World Leader in Foreign Trade & Investment
Doing Business 2010 Report, World Bank •Best City Infrastructure in the World
Quality of Living Survey, Mercer, 2009
•1st in the World for having the Best Protection of Intellectual Property
Doing Business 2010 Report, World Bank
International Recognition
China
Australia
India
Japan
Myanmar
Malaysia
Thailand
Indonesia
Philippines Vietnam
★Singapore
South Korea
An Attractive Global Business Hub
Home to 7000 MNCs, 60% with HQ activities in Singapore
http://www.iff.com/Internet.nsf/HomePage!OpenForm
Working in Singapore
Employment Passes for Professionals
Employment Passes (EP) “P” & “Q” work passes
Dependant privileges
No quota on number issued each year
Processing time:
7 days (for online applications) to 5 weeks (manual applications)
Personalised Employment Passes (PEP) Passes that are tied to the individuals rather than employers
Do not need to re-apply for a new pass when changing jobs
Able to remain in Singapore for up to 6 months without a job to evaluate employment or work opportunities
Processing time: 3 weeks
EntrePass For those interested to set up business in Singapore
Processing time: ~6 weeks
For Recent Graduates & Professionals
Employment Pass Eligibility Certificate (EPEC)
Allows individuals graduating from selected institutions to stay in Singapore for up to 1 year to seek employment without the need to secure sponsorship from employer
Is not an employment pass
Applications should be made online at www.mom.gov.sg
http://www.mom.gov.sg/
Strategic and Skills-in-demand List Key skills in strong demand
Job seekers with such skills will also be accorded added consideration in Employment Pass/S Pass application
List updated regularly update to take into account broader labour market trends and information
Visit www.mom.gov.sg
Employment Pass Self Assessment Tool Online assessment tool for EP eligibility
Preliminary indication of the likelihood of qualifying for an Employment Pass
No guarantee that users will receive the same result in an actual application or renewal
Visit http://sat.mom.gov.sg
http://www.mom.gov.sg/http://sat.mom.gov.sg/
Cosmopolitan & Diverse Workforce
Open and transparent hiring culture that welcomes diversity 30% of the workforce are foreigners
Meritocratic corporate culture that rewards good performers
International exposure with regional responsibilities in an Asian market
Personal Tax Regime
Territorial taxation Tax only on income earned in Singapore Overseas income received in Singapore is not taxable (exclude
income received through partnerships)
Resident marginal tax rate schedule that is progressive , up to 20%
Preceding year basis
Income earned in calendar year 2010 is taxed in year of assessment 2011
No estate duty
No capital gains tax
Time apportionment of income for Not Ordinary Resident (NOR) Taxpayer
Source: PwC Budget Commentary 2011
Singapore‟s Personal Income Tax Rates are the Lowest in the Asia-Pacific
Living in Singapore
“Live the Dream” - Publication featuring 12 ASEAN
professionals working in Singapore
“There‟s a lot more
activ ity here and, in terms of career development, it‟s
definitely more exciting.” Susan Yeo, Credit Risk Manager, Cit ibank
“Singapore offers a
safe environment, ideal to work and raise a family. Don‟t
need to think twice!” Vu Tuyen, Principal Equipment Engineer, Chart ered Semiconduct or Engineering
“Singapore is a small
country with lots to explore. Live with a v isitor‟s heart and
keep exploring.” Chan Pei Ee, Chemical Engineer, GlaxoSmithKline
“I can easily go back to
v isit my home country if I want to or need to. In fact, there have been a
few occasions that I have gone back on
weekends.” Dennis Tirados, Consultant,
Singapore Comput er Syst ems
Living In Singapore
Source: ECA Location Ratings, ECA
International, 2010
Source: Mercer Human Resource Consulting,
2009
Ranking Country
1 Singapore
2 Sydney
3 Kobe
4 Yokohama
5 Tokyo
6 Copenhagen
7 Canberra
8 Hong Kong
8 Melbourne
10 Dublin
Best place in the world for Asians to live in
Ranking Country
1 Singapore
2 Munich
3 Copenhagen
4 Tsukuba
5 Yokohama
6 Dusseldorf
6 Vancouver
8 Frankfurt
8 Hong Kong
8 London
Best city infrastructure in the world
Ranking Country
1 Switzerland
2 Singapore
3 USA
4 Australia
5 Canada
6 Qatar
7 Hong Kong
8 United Kingdom
9 Ireland
10 Luxembourg
Business environment that foreign talent are
most attracted to
Source: IMD World Competitiveness
Yearbook 2010
Country Risk Index takes into considerat ion polit ical risk, social instability risk and systemic risk. Grades range from 0 to 10, with 0 being the best grade possible and 10 the worst. Source: Political and Economic Risk Consultancy 2009
Safety & Security
Singapore is Asia’s safest country
Ranking Country
1 Switzerland
2 Singapore
3 Austria
4 Norway
5 Australia
6 Netherlands
7 Finland
8 Germany
9 United States
10 Sweden
Singapore is Asia’s most politically-stable country, and second in the world
Source: BERI 2010-I, April 2010
Country Risk Index
World Class Education System
Government-funded universities National University of Singapore (NUS)
Nanyang Technological University (NTU)
Singapore Management University (SMU)
Upcoming in 2012: Singapore University of
Technology and Design (SUTD)
Private universities Singapore Institute of Management University
INSEAD, Chicago Graduate School of Business, etc
Foreign Specialised Institutions Wheelock College, USA (Early Childhood)
Tisch School of the Arts, USA (Film Production)
Digipen
Enquiries for admissions to universities to
made through the universities
Our Multi-Racial/ Religious Society
Singapore‟s Gastronomical Delights!
Vibrant Nightlife
Dynamic City Lifestyle
Contact Us!
Southeast Asia Ms Quek Ling Xiang Area Director (Southeast Asia) Email: [email protected]
Southeast Asia Email: [email protected]
Website: www.contactsingapore.sg
Contact Singapore provides this presentation (including oral statements) gratuitously for information only and not for any other purpose. Contact Singapore does not warrant the accuracy, completeness nor suitability for purpose of any information in this presentation. Contact Singapore excludes all liability including but not limited to inaccuracies, incompleteness or lack of suitability for purpose of any information in the presentation.
mailto:[email protected]:[email protected]://www.contactsingapore.sg/
Singapore – Trading Nation
Source: The World Bank Group, 2010
Source: The World Bank Group, 2010
Singapore – Trading Nation
Singapore – Trading Nation Singapore‟s Key Trading Partners 2010
Malaysia S$106.6 bn
12%
EU S$99.4 bn
11.0%
China S$95.3 bn
10.6%
US S$78.4 bn
8.7% Indonesia S$67.9 bn
7.5%
Hong Kong S$60.0 bn
6.7%
Japan S$55.6 bn
6.2%
Korea S$44.1 bn
4.9%
Taiwan S$42.7 bn
4.7%
Thailand S$31.3 bn
3.5%
India S$30.7 bn
3.4%
Philippines S$22.3 bn
2.5%
Australia S$21.8 bn
2.4%
Saudi Arabia S$16.4 bn
1.8%
Others S$129.5 bn
14.4%
Global Trading Companies
Global Financial Institutions
Broker/Dealer Intermediaries
Overview of the Commodity Trading Sector
Vibrant Commodities and Derivatives Market in Singapore
http://www.thisisnoble.com/http://www.statoil.com/en/http://www.gazprom-mt.com/
Program outline
Programme period: 9 – 12 January 2012
Selection criteria:
Open to penultimate year students from Business, Economics and Engineering backgrounds with
i) Good GPA performance
ii) Career interest in Singapore‟s commodities trading sector
Programme Outline
Join us for a rare opportunity to
– interact with reputable companies and potential employers in Singapore
– learn why Singapore is one of the world‟s leading commodities trading hub
– meet and discuss issues with government leaders
– see exciting and fun developments in Singapore
Objectives Objectives
Leading Singapore-based global trading companies and government bodies
Participating Companies
http://www.statoil.com/en/http://www.gazprom-mt.com/
Tentative Programme
Date Event
9 Jan - Welcome address by Contact Singapore and IE Singapore
- Welcome dinner hosted by IE Singapore and Contact Singapore
10 Jan - Company visits
- Visit to Housing Development Board Gallery
11 Jan - Company visits
- Visit to Marina Bay City Gallery
12 Jan - Company visits
- Social Visit to Night Safari
*Your contribution - Travel into Singapore (whether by
air/coach)
- individual expenses
- Incidentals in the hotel (e.g. minibar and room service)
*Sponsorship from Contact Singapore
– 4 nights‟ tourist class hotel accommodation (twin-sharing basis,
inclusive of daily breakfast and internet access)
– Programme related transport expenses and selected meals
The Experience@SG Package
*Terms & conditions might be updated – but students would be briefed if selected for the programme.
2 rounds of selection will be conducted by Contact Singapore
Shortlist of CVs
submitted via microsite
1st Round Phone
interview 2nd Round
Selection Process
• To apply, please submit an on-line application form at
http://www.contactsingapore.sg/Experience@Singapore_CommodityTrading
• Requirements for application
• CV
• 300-word essay on why you are keen in the
commodity trading sector
• Application ends 2 Dec 2011
• Feel free to contact Ms Quek Ling Xiang for further enquiries
How to Apply
http://www.contactsingapore.sg/Experience@Singapore_CommodityTradinghttp://www.contactsingapore.sg/Experience@Singapore_CommodityTrading