Walmart's Prospects of Entering Singapore
FEASIBILITY REPORT FOR WALMART ENTERING SINGAPORE
INTRODUCTION
WALMART
Walmart was founded by Sam Wilton. He founded it in 1962, and incorporated it in 1969. According to the Fortune Global 500 list, Walmart is the largest retailers in the world. Also, it is the biggest private employer, with over two million employees. Walmart is a family owned business. It belongs to the Walton family. It have 8500 stores in 15 countries all over the world.
SINGAPORE
Singapore is located in a small island in the south East Asia. It has a dense population of 5.183.700 in 2011. There are four major races in Singapore; they are Chinese, Malaysians, Indians, and Singaporeans. Its economic view is free market. Also, Singapore has very strict laws and they love to enforce them. It is a democratic country and acquired independence in 1965 and since then, it has achieved political stability and high economic growth. It is the second richest country in the world. Today, Singapore is known as one of the important financial and business hubs of the world along with Hong Kong.
PEST ANALYSIS OF “SINGAPORE AS A COUNTRY TO START UP A BUSINESS”
ADVANTAGES :- Singapore is the most modern South-East Asian country and it has a 100% FDI. Hence, Singapore is easily the world’s easiest country to conduct business. The emerging markets alone rose by 19% in 2007.The foreign companies benefit greatly from the government aids provided by this country. I have listed some of the aids that WalMart will find beneficial if it invests in Singapore. :- 1. DEI ( Development and Expansion Incentive.):- DEI is nothing more than a tax incentive. This ,“ provides preferential co-operate corporate tax rates on all qualifying profits above a pre-determined base within a set period” (-Singapore). This gives WalMart the benefit of tax liability deduction. The only clause of DEI is that WalMart has to generate significant economic benefits in Singapore. 2. Investment Allowance:- This is another
INTRODUCTION
WALMART
Walmart was founded by Sam Wilton. He founded it in 1962, and incorporated it in 1969. According to the Fortune Global 500 list, Walmart is the largest retailers in the world. Also, it is the biggest private employer, with over two million employees. Walmart is a family owned business. It belongs to the Walton family. It have 8500 stores in 15 countries all over the world.
SINGAPORE
Singapore is located in a small island in the south East Asia. It has a dense population of 5.183.700 in 2011. There are four major races in Singapore; they are Chinese, Malaysians, Indians, and Singaporeans. Its economic view is free market. Also, Singapore has very strict laws and they love to enforce them. It is a democratic country and acquired independence in 1965 and since then, it has achieved political stability and high economic growth. It is the second richest country in the world. Today, Singapore is known as one of the important financial and business hubs of the world along with Hong Kong.
PEST ANALYSIS OF “SINGAPORE AS A COUNTRY TO START UP A BUSINESS”
ADVANTAGES :- Singapore is the most modern South-East Asian country and it has a 100% FDI. Hence, Singapore is easily the world’s easiest country to conduct business. The emerging markets alone rose by 19% in 2007.The foreign companies benefit greatly from the government aids provided by this country. I have listed some of the aids that WalMart will find beneficial if it invests in Singapore. :- 1. DEI ( Development and Expansion Incentive.):- DEI is nothing more than a tax incentive. This ,“ provides preferential co-operate corporate tax rates on all qualifying profits above a pre-determined base within a set period” (-Singapore). This gives WalMart the benefit of tax liability deduction. The only clause of DEI is that WalMart has to generate significant economic benefits in Singapore. 2. Investment Allowance:- This is another
References: http://www.politicalaffairs.net/wal-mart-s-environmental-problems/ http://www.singstat.gov.sg/pubn/business.html http://www.walmart.com.sg http://www.guidemesingapore.com/incorporation/hr/singapore-employment-act-guide