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Entering South-East Asia through Singapore. Tuesday, 7 June 2011 Low Jeng-tek Honorary Council of Latvia in Singapore. Agenda. Why South-East Asia (SEA)? Why Singapore? Matching Industries and Opportunities. Why South-East Asia (SEA)?. By 2030
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Entering South-East Asiathrough Singapore Tuesday, 7 June 2011 Low Jeng-tek Honorary Council of Latvia in Singapore
Agenda • Why South-East Asia (SEA)? • Why Singapore? • Matching Industries and Opportunities
Why South-East Asia (SEA)? By 2030 • China will be world’s largest economy, double the size of US economy • India’s economy will be 5 times larger, representing 10% of global GDP • How does this relate to SEA?
Why South-East Asia (SEA)? • Part of historical trades routes for 900 years - SEA will rise naturally as Chindia rises • E7: predicted to be larger than G7 economies by 2050 • Includes Indonesia, Vietnam, Thailand, Philippines, Mexico, Turkey
What does the Rise of the Middle Class mean? Example: Vietnam • 1994 Per Capita Urban Income: USD 5002009 Per Capita Urban Income: USD 5,052 • Explosive growth propels major lifestyle changes
Why Singapore? Singapore offers access to 2.8 billion people within a 7 hour flight radius
Why Singapore? History • Founded in 1819 as a free port • Competition against Dutch mercantilism • Monsoon trade routes
Why Singapore? Singapore Today • Global Hub along with New York, London, Hong Kong • Springboard to the region • Regional HQ centre for P&G, HP, IBM, Rolls Royce • World's largest transhipment hub port • Connected to more than 600 ports in 123 countries
Why Singapore? Competitive Factors
Why Singapore? Singapore Today • Ranked 1st in the world for: • Easiest place to do business • Most competitive country • Most transparent country • Most “network ready” country • Least corruption (in Asia) • Best business environment • Best protection of intellectual property
Why Singapore? Demographics
Low Jeng-tek – Resume • Ethnicity: Chinese • Age: 40s • Marital Status: Married; Child on the way • Education: National University of Singapore; INSEAD (MBA) • Military: Infantry Company Commander Brigade Logistics Officer – Estb. Rank: Major • Early Career: - Commercial Banking - CEO of Homestead Holdings (Furniture Retailer and Interior Designer) • Current: - Investment Management: US$2bn, Gems Advisors - Managing Director of Eight Lights Property Investments
Low Siew Thiam – Resume • Ethnicity: Chinese • Age: 70s • Marital Status: Married; 3 boys • Education: London School of Economics • Early Career: - Straits Times - Reporter - Shell (Personnel Manager) - MNC - Singtel (Personnel Director) - GLC - Sime Darby (Marketing Director)- SEA Conglomerate - Homestead Furniture (Founder & Chairman) - Entrepreneur • Semi-retirement: Lectured at INSEAD, Stanford University Academic Director at Institute of Advertising Strategy Consultant to A Baurs (Suisse) in Sri Lanka Consultant in Vietnam, Thailand & China
Relevant Industries Logistics & Supply Chain Management • World’s Number 1 Logistics Hub – 2007. • Asian Logistics Hub for HP, LVMH, Siemens • Specialised Infrastructure include Airport Logistics Park of Singapore (ALPS); No.2 busiest port in the world. • Forefront of Innovation with The Logistics Institute - Asia Pacific • Conferences: Logistics World, Supply Chain Asia
Relevant Industries Finance • Ranked 3rd in Global Financial Centres Index 2008 • Deep & Liquid Markets in: • Equities – SGX / REITs • Bond Market • Foreign Exchange – Yuan Trading • Major Commercial Banks HQ; Private Banks; Asset Management; Hedge Funds • Capital Raising
Relevant Industries Chemicals • Global Energy & Chemical Hub – Top 10 • Over 100 Specialty Companies – 3M, Shell, Exxon Mobil • Shell – Largest Petrochemical Investment To Date • Exxon Mobil – Largest Chemical & Refining Site in the World • Jurong Island • Seven Islands into One • Self-contained Hub • Plug-and-play Environment
Relevant Industries Pharmaceuticals & Biotechnology • Growth in Asia Growth of Pharmaceuticals • Legal Framework – Clear, Transparent, Efficient • Trusted Base in Asia – Bayer, GlaxoSmithKline, Bristol-Myers Squibb • Global Talent Pool • Ideal Racial Composition • English-educated Society – language of Science • Pro-business Environment with Short Lead Time • Intellectual Property Office of Singapore (IPOS) setup in April 2001 • 15 minutes – Online Business Registration3 weeks – Approval for Clinical Trials
Relevant Industries Pharmaceuticals & Biotechnology • one-north • 200 hectare Development in Central Singapore • Self-sustaining Centre to Live, Work and Learn • 3 Purpose-built Hubs: Biopolis, Fusionopolis, Mediapolis • More than 3500 International Scientists and Researchers • World-class R&D Facilities for Biomedical Sciences, Infocomm Technology, Media, Physical Sciences and Engineering
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