Presentation on theme: "Tuesday, 7 June 2011 Low Jeng-tek Honorary Council of Latvia in Singapore Entering South-East Asia through Singapore."— Presentation transcript:
Tuesday, 7 June 2011 Low Jeng-tek Honorary Council of Latvia in Singapore Entering South-East Asia through Singapore
Agenda Why South-East Asia (SEA)? Why Singapore? Matching Industries and Opportunities
Why South-East Asia (SEA)? By 2030 China will be world’s largest economy, double the size of US economy India’s economy will be 5 times larger, representing 10% of global GDP How does this relate to SEA?
Why South-East Asia (SEA)? Part of historical trades routes for 900 years - SEA will rise naturally as Chindia rises E7: predicted to be larger than G7 economies by 2050 Includes Indonesia, Vietnam, Thailand, Philippines, Mexico, Turkey
What does the Rise of the Middle Class mean? Example: Vietnam 1994 Per Capita Urban Income: USD 500 2009 Per Capita Urban Income: USD 5,052 Explosive growth propels major lifestyle changes Bicycles Motorcycles Cars Corner Shops Minimarts Hypermarts Agricultural Goods Shoes Manufacturing Chip Makers
Why Singapore? Singapore offers access to 2.8 billion people within a 7 hour flight radius
Why Singapore? History Founded in 1819 as a free port Competition against Dutch mercantilism Monsoon trade routes
Singapore Today Global Hub along with New York, London, Hong Kong Springboard to the region Regional HQ centre for P&G, HP, IBM, Rolls Royce World's largest transhipment hub port Connected to more than 600 ports in 123 countries Why Singapore?
TRUST Integrity Quality Reliability Productivity Strong legal system KNOWLEDGE Knowledge- based manufacturing and services Thought and information hub Commitment to education and skills CONNECTED Physical connectivity People and business networks LIFE Excellent place to live, work, learn and play
Singapore Today Ranked 1 st in the world for: Easiest place to do business Most competitive country Most transparent country Most “network ready” country Least corruption (in Asia) Best business environment Best protection of intellectual property Why Singapore?
In 2010 Total population ('000)5,076.7 Resident population ('000)3,771.7 Resident population growth1.8% per annum (per sq km) Population by Race Chinese (74.2%); Malay (13.4%); Indians (9.2%); Others (3.2%) Population by age ('000) Below 15 (654.4); 15- 64 (2,778.9); 65 and above (338.3) Official languages English (Language of administration), Mandarin, Malay (National Language) & Tamil Main religionsBuddhism, Islam, Christianity, Taoism, Hinduism
Low Jeng-tek – Resume Ethnicity: Chinese Age: 40s Marital Status:Married; Child on the way Education: National University of Singapore; INSEAD (MBA) Military: Infantry Company Commander Brigade Logistics Officer – Estb. Rank: Major Early Career: - Commercial Banking - CEO of Homestead Holdings (Furniture Retailer and Interior Designer) Current:- Investment Management: US$2bn, Gems Advisors - Managing Director of Eight Lights Property Investments
Low Siew Thiam – Resume Ethnicity: Chinese Age: 70s Marital Status:Married; 3 boys Education: London School of Economics Early Career: - Straits Times - Reporter - Shell (Personnel Manager) - MNC - Singtel (Personnel Director) - GLC - Sime Darby (Marketing Director)- SEA Conglomerate - Homestead Furniture (Founder & Chairman) - Entrepreneur Semi-retirement: Lectured at INSEAD, Stanford University Academic Director at Institute of Advertising Strategy Consultant to A Baurs (Suisse) in Sri Lanka Consultant in Vietnam, Thailand & China
Relevant Industries Logistics & Supply Chain Management World’s Number 1 Logistics Hub – 2007. Asian Logistics Hub for HP, LVMH, Siemens Specialised Infrastructure include Airport Logistics Park of Singapore (ALPS); No.2 busiest port in the world. Forefront of Innovation with The Logistics Institute - Asia Pacific Conferences: Logistics World, Supply Chain Asia
Relevant Industries Finance Ranked 3 rd in Global Financial Centres Index 2008 Deep & Liquid Markets in: Equities – SGX / REITs Bond Market Foreign Exchange – Yuan Trading Major Commercial Banks HQ; Private Banks; Asset Management; Hedge Funds Capital Raising
Relevant Industries Chemicals Global Energy & Chemical Hub – Top 10 Over 100 Specialty Companies – 3M, Shell, Exxon Mobil Shell – Largest Petrochemical Investment To Date Exxon Mobil – Largest Chemical & Refining Site in the World Jurong Island Seven Islands into One Self-contained Hub Plug-and-play Environment
Relevant Industries Pharmaceuticals & Biotechnology Growth in Asia Growth of Pharmaceuticals Legal Framework – Clear, Transparent, Efficient Trusted Base in Asia – Bayer, GlaxoSmithKline, Bristol-Myers Squibb Global Talent Pool Ideal Racial Composition English-educated Society – language of Science Pro-business Environment with Short Lead Time Intellectual Property Office of Singapore (IPOS) setup in April 2001 15 minutes – Online Business Registration 3 weeks – Approval for Clinical Trials
Relevant Industries Pharmaceuticals & Biotechnology one-north 200 hectare Development in Central Singapore Self-sustaining Centre to Live, Work and Learn 3 Purpose-built Hubs: Biopolis, Fusionopolis, Mediapolis More than 3500 International Scientists and Researchers World-class R&D Facilities for Biomedical Sciences, Infocomm Technology, Media, Physical Sciences and Engineering