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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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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After Independence in 1965‚ the population of the country was growing at a rate that would seriously threaten the success of Singapore. The Government introduced the "Stop at two" policy to help control the rapid population growth. It was introduced in 1969. The policy had a very successful response; in fact‚ it was so successful that the population started to decline. Couples saw the benefits in having a smaller family‚ such as more money‚ higher quality of life and cars. The population increase
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Singapore Independent of the stage of economic development‚ entrepreneurship plays a significant role for the expansion‚ job creation and overall economic health within a country.In general‚Entrepreneurship embodies three stages and they involve the following 6 cases: Intent to start a business in 3 years Total Early-Stage Entrepreneurial Activity (TEA) Nascent Entrepreneurs New firm entrepreneurs Established Businesses Business Exit As far as I’m concerned‚we can analyse the global entrepreneurial
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Apple Fever In Singapore Introduction Singapore which is situated in SEA(South East Asia) has posses a high consumer of electronic devices. Apple is company that products Mac devices‚ products include IPOD‚ ITouch‚ Mac Book‚ Peripherals and IPad. The company is concentrate on selling products physical products. Apple also has international the business and globalize the market share of the company. Apple also has product that consisit of iTunes and App Store. App Store which provide application
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union membership in Singapore and to provide suggestions on how to increase its appeal to the young people‚ the Generation Y‚ in the workforce. Generation Y refers to babies born after the year 1980 (Kuijsters‚ n.d.) The report will have an introduction of union in Singapore‚National Trade Union Congress (NTUC)‚ and analyse the existing strategies and positive aspects thathave been implemented to improve the union membership especially for the Generation Y. About Unions in Singapore NTUC isa central
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When we look back the history of many Asian countries‚ most of them once been controlled by western countries. Either good way or bad way when one country colonize another they influence the country in many ways. beside the negative influence‚ in my opinion i believe that colonization of western countries effect Asian countries in positive ways. Since western countries had more mechanical skills and economically they were more stabilized than many asian countries‚ therefore control of them allowed
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separation REASONS FOR THE SEPERATION OF SINGAPORE FROM MALAYSIA: Economical Matters 1. A Common Market Malaysia The CG would not implement this unless SG surrenders its free port status and imposed a tax on its imports The common market would benefit SG‚ but CG was unsure it would benefit the other states as much as SG. CG wanted to protect industries in Peninsular Malaysia and ensure there is no uneven development throughout the states Singapore SG was not ready to surrender its free
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heading into a period of retirement. As this trend continues to persist‚ Singapore will face a major challenge in overcoming the problems posed by an aging population. An aging population is expected to have a negative impact on Singapore’s economy‚ community as well as the labor force. If the labor force continues to decline relative to the overall population‚ this will hinder economic development. Therefore‚ the Singapore government has introduced various schemes to enhance employability of the
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Overview of Aging Population in Singapore Populations in many developed countries are ageing‚ and Singapore is no exception. The first batch of post-war baby boomers will reach 65 years of age by 2012. The number of seniors will increase from 8.4% in 2005 to 18.7% in 2030 (refer to Table 1). According to the 2010 Population Report‚ The proportion of residents (i.e. citizens and PRs) aged 65 and above increased from 7.0% of the resident population in 1999 to 8.8% in 2009. Correspondingly‚ the
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