a country’s spending in any given year need not to equal its output of goods and services. A country can spend more money than it produces by borrowing from abroad‚ or it can spend less than it produces and lend the difference to foreigners. Singapore as an Open Economy Quick Facts * Population: * 5.3 million * GDP (PPP): * $314.9 billion * 4.9% growth * 5.7% 5-year compound annual growth * $59‚711 per capita * Unemployment: * 2.0%
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Company Perspectives: From a small air service that began with a 5-seater twin engined Airspeed Consul in 1947‚ Malaysia Airlines has grown into an award-winning airline with a fleet of more than 100 aircraft‚ servicing more than 110 destinations across six continents. Today‚ Malaysian Airlines System Berhad is a corporation with a vision of global expansion. The airline’s network will grow extensively in response to consumer demand for worldwide coverage. The airline’s enhanced in-flight services
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carrier for air travelling passengers. Prior to 2006 there were three low cost airlines operating within the country‚ on 15 November 2006 funded by SAA the emerging of Mango airlines took place. Tickets sales for the airline were sold out for almost a month‚ the prices of air tickets were either the same or cheaper than any other mode of transport within the country. This boosted consumer confidence and the other airlines weren’t able to compete with Mango’s reduced prices. Mango’s marketing strategies
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Eduard Romanenko‚ Li Guoxu‚ Denion Galimuna Country Profile: Singapore With the population of only 5.18 million people and the total area of 710 sq km (189th among other countries)‚ as of 2010 according to the World Bank database‚ Singapore is the 14th largest exporter and the 15th largest importer in the world. The total trade volume of the country in 2010 comprised USD 662‚ 658 bln contributing to trade to GDP ratio of 317.42%‚ the highest in the world. As Figure 1 demonstrates‚ since 1981 the
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management‚ and succeeded in motivating the team to pick up the project again and develop it further. In Cynthia Jackson’s words‚ VP of the divison‚ he “seems to be an excellent talented manager”. In fact he rather brilliantly coped with the global challenges of his cross cultural and cross continental Unit‚ fixing the communication issues between Wagner and the ITC during the critical phase 2 of the third launch. Also managed to convince the ITC technicians to keep on working on the project even
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United Airlines Introduction United Airlines is an American key airline whose headquarters is based in Illinois Chicago. The United airline operates mainly in the United States and across other regions such as such as Japan and Guam. The airline handle and average of about 45‚000 passengers on daily basis and employs over 88‚000 individuals. SWOT ANALYSIS Swot analysis refers to the strength‚ weaknesses‚ opportunities and the threats that a business faces. Every company has its strengths‚ weaknesses
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culture. Singapore was an important trading center and port as early as the seventh century. By the fourteenth century Chinese immigrants had established a small community on the island‚ and the name Singapura‚ a word of Sanskrit origin meaning Lion City‚ was in common use. After Portugal wrested control of the region from Malaccan and Malay rulers in the sixteenth and early seventeenth centuries‚ Singapore fell into obscurity. Modern Singapore dated from the discovery
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bode well for the recruitment of these professionals. *From August 2014‚ organisations with more than 25 employees must advertise a vacancy for professional or managerial jobs paying less than S$12‚000 a month on a new jobs bank administered by the Singapore Workforce Development Agency for at least 14 days. Only after that period can the company apply for an employment pass to bring in a foreign national. Reuters – Mon‚ Sep 23‚ 2013 12:10 AM EDT One may argue that instead of issuing an E-pass to
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CULTURAL POLICY IN SINGAPORE: NEGOTIATING ECONOMIC AND SOCIO-CULTURAL AGENDAS1 Lily Kong Associate Professor Department of Geography National University of Singapore Kent Ridge Singapore 119260 Email: lilykong@nus.edu.sg Fax: 65-7773091 Geoforum For Special Issue on “Culture‚ Economy‚ Policy” 2000 This paper was written while I was Visiting Fellow at the Institute of Oriental Culture‚ Tokyo University. I would like to record thanks to Assoc Prof Tong Chee Kiong for facilitating my
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AirTran poses many obstacles for SWA’s sales strategy. The acquisition will threaten the pricing structure of SWA. It will give them the opportunity to raise its fair‚ as there is less competition in the Northeast (where AirTran serves) and major airlines have paired off leaving only five major players (Huffington post‚ 2010). Further promoting a fare increase is SWA’s refusal to charge for baggage. Although‚ this is a great sales tactic‚ it provides no source of revenue‚ resulting in a fare increase
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