Pacific International Lines

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)

The geographical location of Singapore: an important crossroad of the world with high developed economics;

Globally, Singapore is a leader in several economic sectors, including being third largest foreign exchange center, third leading financial center, and second largest casino gambling market, third largest

The Company 's freight management business provides air and sea freight transportation by acquiring cargo space from airline and shipping firms. (Reuters.com, 2007)

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.

Singapore is promoting itself as a medical tourism hub: about 200,000 foreigners seek medical care there each year, and Singapore medical services aim to serve one million foreign patients annually by 2012 and generate USD 3 billion in revenue  Education Sector : Singapore is an education hub, and many foreign students study in Singapore. Singapore hosted over 80,000 international students in 2006. 20% of all students in Singaporean universities were international students. The students were mainly from ASEAN, China and India. Singapore also possesses the world 's tenth largest foreign reserves. The currency of Singapore is the Singapore dollar. The Singaporean economy depends heavily on exports and refining imported goods, especially in manufacturing,which constituted 27.2% of GDP in 2010. Singapore has the world 's highest percentage of millionaire households, with 15.5 percent of all households owning at least one million US dollars.

The Singapore economy had proved its resilience during the worst post-war recession and experience exceptionally high economic growth during the 42 years since its independence. For the period 1966-1973, the economy expanded consistently at a double-digit growth rate in real terms (Kum Poh, 1982, p.1). Gross Domestic Product (GDP) at constant prices continues to rise at an annual rate of 8 percent till 2005. With population growth at 2.1 percent, per capita GDP increased by 5.8 percent on average each year (Gesquiere, 2007, p. 12).

Known as one of the Four Asian Tigers, Singapore’s globalized and diversified economy is only behind Hong Kong’s. That title has been achieved due to its market economy, “A highly developed, and one of the freest, most competitive, innovative and business friendly economy based on extended entrepôt trade, a profitable trading post that allows importing and exporting free of duties.” (Wikipedia)

As an independent state, Singapore is with racial diversity, but without abundant of natural resources. Its highest priority, therefore, has been to survive since the independence. To survive, Singapore has focused on profit-seeking at any time. Singh (2008, p.315) even states that “for Singapore, a strong economy, which is vital for its survival, is even more important than military security”. To be economically competitive in international society, then, the Singapore government has attempted to assure excellent human resources who could contribute the country’s economy instead of natural resources.

Singapore has a high-income economy with one of the highest standards of living in the world. It has a gross national income of $55,150 per capita as of 2014. Since 1965, after independence, Singapore rapidly grew from a low income country to a high income country. GDP grew with an average of 7.7% since independence; in the first 25 years growth topped 9.2%. Per capita GDP over the same periods grew by 5.4% and 7.2%. Singapore industrialized rapidly in the 1960s and manufacturing was the main pillar of the economy. In the 1980s, the economy diversified and other sectors such as petrochemicals, finance and tourism sectors grew in importance. Due to its rapid development between 1960s and 1990s, Singapore is known as one of the “four Asian tigers” alongside Korea, Taiwan and Hong Kong. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to in 2011-13, largely a result of soft demand for exports during the second European recession. For long term growth, Singapore government is now focusing on value added sectors such as pharmaceutical and aerospace sectors as well as raising productivity of its work force.

Pacific International Lines or PIL as it is commonly known in the market is a container shipping company started by Mr.Y C Chang in 1967. What he started as a 1 ship company is today the 19th biggest container shipping company in terms of TEU capacity & the 8th largest container ship owner.

The beginnings of the world leading enterprise started in the early 1970s with the formation of the Compagnie Générale Maritime in 1973. In the following years, the initial company underwent many mergers and transfers of shares in order to stay competitive.

Pacific Bangladesh Telecom Limited, a private limited company duly incorporated in Bangladesh under the Companies Act, 1994 and having its registered office at Pacific Centre, 14, Mohakhali C.A., Dhaka-1212, Bangladesh represented by its Chief Executive Officer (hereinafter referred to as "PBTL" which expression shall be deemed to mean and include its successors-in-interest and assigns);

Singapore was founded as a trading colony by the British in 1819 and became and independent country in 1965. Today Singapore is one of the world’s most prosperous countries. Singapore is located in Southeastern Asia. It is not a very large country and is compared in size as being “ slightly more than 3.5 times the size of Washington D.C.”(Reference 1) The People and Culture

The Singapore economy has performed well over the past 10 years with an average annual GDP growth of 6.3%. GDP per capita has also doubled from US$27,403 in 2004 to US$55,183 (S$69,091) last year which ranked us in the 9th spot