Analysis of Singapore's Economy Recovery

Singapore is the nation of islands which is situated on the South of Malay Peninsula. Its area is only 704,0 square kilometers, and it is the smallest country in Southeast Asia. Its anthem is Majulah Singapura

level of economic development : Singapore have highly attractive to investment climate because one of the factor is so important that is Singapore has stable political environment

The economic recovery that has lasted nearly 6.5 years is missing a key ingredient for lasting economic growth; investment spending/capital spending by corporations. Last week the Federal Reserve raised short-term interest rates for the first time since 2006, nearly a decade. This has created an economy flooded with cheap money. Corporations have been able to borrow money at extremely low rates, just as all Americans have become accustom to zero percent interest car loans that stretch out seven years, and mortgage interest rates at unprecedented low levels. Economist theorize that low interest rates will cause consumers and companies to borrow which leads to spending. So how well has that worked out? Not well enough in my opinion.

Singapore, authoritatively known as the Republic of Singapore, is a sovereign city-state and island nation in Southeast Asia. It lies on the north of the equator, at the southern tip of the Malay Peninsula, with Indonesia's Riau Islands toward the south and Malaysia toward the north. Singapore's domain comprises of one fundamental island alongside 62 different islands. Since independence, broad land recovery has expanded its aggregate size by 23% (i.e. 130 square kilometres).

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

The market covered in the telecom industry are mobile phone, fixed line, broadband, internet etc. by the above figure we can say that the growth rate of telecom industry is positive 33 % from 2006- 2013. And future it will be increase more because it’s now leading industry in the world.

The population in Singapore has increased and the visitors coming into Singapore has also increased. According to government statistics, the population of Singapore was 4.84 million in 2008, of whom 3.64 million were Singaporean citizens and permanent residents. Singapore has one of the world largest GDP growths, which means that the people in Singapore are growing richer with higher rate of success.

With foreign manufacturing industry entering Singapore market the manufacturing sector and its share in GDP grew from 16.6% in 1965 to nearly 30 % in 1980 and in 1993 manufacturing contributed to about 28 % of the total GDP and accounted for nearly 28% of employment. Singapore’s GDP raise to 13 times between 1960 and 1999. The nation has shown greatly decrease of figure of poverty. (United Nations 2000)

“A developed country is one that allows all its citizens to enjoy a free and healthy life in a safe environment.” These are the wise words of Kofi Annan, former Secretary-General of the United Nations. Thus, there are a set of tangible criteria to help determine the development of a country, of which economic criteria tend to dominate, with indicators such as the Gross Domestic Product (GDP) as well as other social and security needs of the people, with the recent Human Development Index (HDI) which measures overall well-being of the people. So, with the recent phenomenon of globalization becoming ever more widespread in our society today, there is no doubt that it has impacts, both positive and negative, on the development of Singapore as

Singapore is an island that lies just off the southern tip of the Malay Peninsula between the South China Sea and the Indian Ocean. Its strategic location on major sea lanes has provided the country with an economic importance in Southeast Asia. Singapore is often considered as a base for global enterprises looking to expand into Asia and Asian enterprises looking for global connectivity. Located at the heart of Asia, Singapore is sitting at the centre of business opportunities. Having the four key attributes - Trust, Knowledge, Connected and Life, Singapore is being positioned as an ideal city to Work, Live and Play. Singapore was ranked first in Mercer’s Quality of Living Survey 2009.

The Republic of Singapore celebrated its 42 years of independence in year 2007. Situated at the southern tip of Malaysia, Singapore currently holds a population of 4.68 million as of June 2007. At 704.0km2, it is ranked 4th in the world for its population density. During the past four decades, the economy as measured by real Gross Domestic Product (GDP), multiplied by over 20 times (Ghesquiere, 2007, p.11). As a small and extremely open economy, Singapore long term survival is very much dependent on the ability to maintain its viable position and remain afloat in the sea of global competition (Mun Heng et al, 1998, p.14).

The mobile telecommunications industry in Ireland has always been a competitive and rapidly changing industry. It has changed considerably from it’s initial birth with only one competitor, to it’s liberalisation in 1998, all the way through to the introduction of MVNO’s in the 2000’s. Mobile penetration has increased from 42 % in 2000 (Telecommunications and Internet Federation, 2005) to almost 97% of Irish adults owning a mobile phone now in 2013. (Irishexaminer.com, 2013) In order to fully understand the rapid development of this industry and the future of it, we must first look at its history in 1998.

There are 4 main races mix in Singapore, also have 4 main languages in Singapore. Official language is English

Singapore Telecommunications Limited (SingTel) is one of the main leading communications groups in Asia which provides a scope for telecommunication products and services in term of fixed line, internet, mobile and pay TV. Headquartered in Singapore with over 130 years ' working operating experiences, SingTel has built up itself as the largest telecommunication provider in Singapore and the second largest in Australia by market share while at the same time the group is also long term strategic investor in six regional mobile operators. These accomplishments have offer SingTel some assistance with keeping its quick pace in the best approach to accomplish its corporate vision which is to be Asia Pacific 's best multimedia solution groups(Singtel.com 2010). In Singapore, increased competition and quick changing business environment has been seen as the business sector is opening up to more service providers. A standout amongst the most powerful new items is the Next Generation National Broadband Network which includes with ultra-fast speed network access to the business and private client. Furthermore, SingTel has made the right moves by turning into the fiber service provider. This study goes for instituting a commonsense promoting arrangement on the new fiber services for the term of 2011-2013 which incorporates the setting of marketing objectives, procedure, strategy, tactical plans as well as the proposed sale forecast and budget plans together with control and feedback

According to Sim (2015) Singtel has very loyal customer group base with customers who are children as well as senior citizens. There is a strong and loyal customer consists of families in Singapore where it’s marketed as loving and caring family member’s connectivity (Figure 14).