article from The Straits Times dated 25th February 2008‚ entitled “January inflation may be as high as in 70s oil crisis”. Literature In this paper‚ our main objective is to explain the inflation process that is ongoing in Singapore today and our views on how the Singapore government can effectively tackle this situation. The proposed solution is derived by comparing and analyzing the various methodologies used to control inflation. The analysis done in this paper is approached from a micro to
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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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2007 was strong economic growth for the global economy. This was due to tight global refining capacity and continued strong demand for energy to fuel economic growth especially from China‚ India‚ the Middle East and Russia. Singapore Petroleum Co Ltd (SPC) is a Singapore-based company. The principal activities of the Company consist of exploring‚ developing and producing oil and gas‚ petroleum refining‚ marketing‚ distribution and trading of crude oil and petroleum products and the provision of
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Physical resources and capabilities 1. Changi Airport Government and SIA had invested in the Changi Airport together. It includes facilities such as hangar‚ maintenance center‚ and catering center‚ those facilities can be used by SIA‚ but also the customers of other airline company. So those services in Changi airport are not unique for SIA. Airport service is valuable and important for SIA or other airlines company. Low unique and high valuable‚ then it is not SCAs. 2. Planes: SIA have 22%
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International Marketing 560 Economic Environment of Singapore Laura L. Erwin-Hall October 12‚ 2007 "Home to some 4.48 million people (based on the last census in 2005 reported in 2006)‚ Singapore is the fourth most densely populated country in the world and has one of the highest per capita gross domestic products in the world."1 The employment rate is 2.40 million (June 2006)‚ with unemployment at an all-time low at only 2.5 percent. The labor force consists of mainly manufacturing
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which the positives of globalisation have far outweighed the negatives is Singapore. Without the global market‚ an economy that is substantially export-orientated such as Singapore would not be able to function. The global market plays a vital role in the economic development strategies that Singapore implements. Globalisation plays a major role in the concerns all over the world‚ and this is clearly shown in Singapore. Singapore is a small‚ densely populated country situated in South-east Asia. The
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Introduction Since Singapore gained its independence in 1965‚ its economy had progressed due to globalization‚ rapid technological advances and the rise of China and India. With these different stages of development‚ Singapore’s labor market had adapted itself by transforming from a labor abundant and capital limited city into a labor deficient and capital rich country (Chia 2005). Singapore is now a popular export-manufacturing base‚ regional headquarter for foreign multinational company and
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Description of the campaign: The Fall of Singapore is considered to be one of Britain’s worst defeats in the World War II. It occurred on 15 February 1942 and marked a dramatic victory for the Japanese. It displayed the immense power of Japan and the threat they had upon many countries in the world. This battle involved both savage methods and ended with the atomic bombing on Hiroshima in August 1945. Following the Japanese attack on Pearl Harbor‚ Japan was able to pursue their other military
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15th 1942‚ at the Ford Factory in Singapore‚ is considered to be one of the greatest defeats in history for Britain during World War Two. Due to Singapore’s strategic position‚ the attack had a massive affect on Australia’s immediate security‚ as it was now possible for the Japanese to move down from Singapore into Australia. Also more than 100‚000 troops became prisoners of war‚ affecting many of the family’s back home. The strategic importance of Singapore Singapore was considered the fortress for
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INTRODUCTION Rice imported from Fukushima went on sale in Singapore on 22nd August after a lift in restrictions of Japanese food imports. The restrictions were imposed after the Fukushima Daiichi nuclear disaster in 2011‚ resulting in severe radioactive substance leakage into the environment. This has huge implications on Japan’s agriculture industry as the radioactive leakage contaminated the surrounding farm lands. The lift was announced after a meeting between Prime Minister Lee Hsien Loong and
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