The Life expectancy in Singapore has increased steadily by roughly 30% in the past 50 years—from 60 years at birth in 1960 to 80 years at birth in 2010. (Statistics Singapore‚ 2010) Since the last quarter of the twentieth century‚ the rise in life expectancy has been accompanied by a downward trend in fertility which results in an aging population. Similar to many developing countries with aging populations‚ aging populations indisputably brings challenges. The Government has many plans and policies
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1. Describe the key elements of the Singapore “competitiveness” model. The key elements of Singapore “competitiveness” model are economic and political stability‚ a pro-business mindset and a focus on innovation. With an emphasis on these key elements Singapore was able grow and make itself attractive to MNC’s looking to establish international operations in South East Asia. Economic and Political Stability Before Singapore began to attract foreign-investments‚ their first Prime Minister Lee
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The incarceration rates of Norway‚ Australia‚ and Singapore can are much lower compared to the United States. In Norway the murder rate is less than half of that in Australia and robbery rate is significantly lower as well. The rates of all of the three first world countries i researched were surprising to me. I think they are surprising to me because Singapore have a very very low crime rate‚ and i would believe that is because they have very strict rules there compared to other places such as Australia
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Table of contents TABLE OF CONTENTS 1 1 Introduction 1 2 Literature review 2 3 Methodology 3 3.1 Inflation and Unemployment rates in Singapore 3 3.2 Data 4 3.3 Estimation 4 4 Regression resultS and data analysis 5 4.1 ADF Test Results 5 4.2 Co-integration test and Long-run model 5 4.3 The Error Correction Model 6 4.4 Diagnostic Tests for ECM model 7 5 Policy Implications 8 6 Conclusion 9 7 Bibliography 10 Introduction Inflation and unemployment are two major
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of immigrant workers and its impact on Singapore Globalisation describes the increased flow of goods‚ services‚ capital‚ labour‚ technology‚ ideas and information across national boundaries. Local‚ national‚ regional and global elements are connected‚ resulting in a cross-influencing and an inter-dependent world. I will be focusing on the aspect of the flow of labour‚ and exploring the impact it has made on Singapore. In light of globalisation‚ Singapore has received an influx of immigrant workers
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Image of Nature In the Mary Oliver poem “Singapore”‚ she speaks about how some people expect all poems to only be about nature and obvious happiness. However‚ she shows that with imagery they can be found in the least likely of places. She talks about this woman she sees in a Singapore airport restroom cleaning an ashtray in the toilet and she compares this image to a vision of nature. In this poem‚ the author uses a collaboration of imagination‚ nature imagery‚ and what she physically sees to
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Being a land-scarce country of 714.3 square kilometres and having a population density of 7‚257 per square kilometer (Singapore Department of Statistics‚ 2012)‚ every hectare of land in Singapore is extremely important to us. Over the years‚ widespread urbanisation has led to about 90.2% of our land area being developed (Tan‚ 2006)‚ exhausting much of our natural heritage in the process. Due to the limited amount of land‚ our natural heritage is insufficient to provide us with much economical
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Introduction Background Of Foreign Labour in Singapore Since the day Singapore gained independence‚ the growth of the economy had been advancing tremendous over the past four decades. The influx of foreign labour has been playing an important role towards the Singapore economy. Even up to today‚ Singapore‚ itself with scarce resources‚ could only rely on human resource to sustain the economy growth. With a tightening labour market and a low unemployment rate‚ this gradual increase in foreign
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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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Singapore Withholding Tax Withholding Tax is a form of levy placed on payments made to non-resident tax entities including employees‚ business partners and overseas agents. In accordance with IRAS tax rules‚ a person has a legal obligation to withhold a percentage of the payment‚ when he makes payments of a specified nature under the Singapore Income Tax Act‚ to a non-resident‚ and hence the Withholding Tax. What is Singapore Withholding Tax? For tax purposes in Singapore‚ Inland Revenue Authority
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