ABOUT EDB & SINGAPORE

ALL YOU NEED TO KNOW

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Updated Mar 2018

WHO WE ARE

ABOUT EDB

OUR VISION

A Global Leader

A Great City

A Home in Asia

For Business, Innovation and Talent

We create sustainable economic growth, with vibrant business and good job

opportunities for Singapore.

The Lead Agency that plans and executes Economic and Industrial Development Strategies for Singapore

OUR MISSION

ATTRACT FOREIGN

INVESTMENTS

GROWINDUSTRY

VERTICALS

ENHANCE BUSINESS

ENVIRONMENT

ABOUT EDB

AGENCIES UNDER MINISTRY OF TRADE AND INDUSTRY

Minister (Trade & Industry)

Mr Chan Chun Sing

Minister in - charge of Trade Relations

Mr. S Iswaran

SINGAPORE TODAYSINGAPORE BUSINESS ENVIRONMENT

2

Labour IntensiveIn the 60s, we experienced high unemployment that camewith strong population growth.

To create jobs, EDB was set up in 1961 to promote industrialization and attract foreign investment. Given the low skill base, we focused on promoting labor-intensive and low-skilled industries driven by exports.

Singapore today is vastly different from 5 decades ago

Skills IntensiveIn the 70s, after achieving full employment, we developed employees’ skills to increase wages and elevated their standardof living.

EDB arranged for foreign companies to set up training institutesfor our workers, and sent young workers to apprenticeship programmes in the U.S, Europe and Japan.

Capital IntensiveIn the 80s, the skills we developed in the 70s laid the foundation for more capital-intensive activities. We set up our first semiconductor wafer fabrication plant and the first petrochemical complex in Asia.

We also diversified our engineering industries to cover industrial machinery, machine tools, automation equipment & aerospace engine overhaul.

SINGAPORE TODAY SINGAPORE’S ECONOMIC

TRANSFORMATION

Technology + Services

The 90s marked the technology-intensive phase when companies moved up the value chain and intensified the use of technologies.

We strengthened our capabilities in key industries, namely chemicals, electronics and engineering. Leveraging our strengths in these industries, we began to develop a new industry cluster: Biomedical Sciences (includes pharmaceutical, biotechnology & medical technology sectors).

70s

90s80s

60s

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Singapore today is vastly different from 5 decades ago

SINGAPORE TODAY SINGAPORE ECONOMIC

TRANSFORMATION

Knowledge + Innovation

In the 21st Century , we increased our focus on knowledge and innovation-intensive activities. R&D is now a cornerstone of our economic development. We have also put in place a strong IP protection & enforcement environment.

Today, we have established a strong network of public & private sector R&D centresto commercialise new technologies, processes and products.

2000s

GDP

1960 – S$2.16bn

2017 – S$447.3bn

GDP per capitaat current market prices

1960 – S$1.31k

2017 – S$79.7k

Source: Department of Statistics Singapore (2018)

SINGAPORE TODAY SINGAPORE’S

ECONOMIC TRANSFORMATION

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Improved GDP per capita by more than 40x

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63

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Th

ou

san

ds

GDP per capita, current market prices, US$ (thousands)

19.4%

4.3%

11.4%

17.6%

13.3%

14.8%

19.2%

Transport & Communications

Business Services

Manufacturing

Wholesale & Retail

Financial & Insurance

Construction

Others

2017 GDP: S$447.3bn

2017 GDPGrowth: 3.6%

2018 GDP growth forecast: 1.5% - 3.5%

(US$324 bn)US$1.00 = S$1.3807

SINGAPORE TODAY

OVERVIEWOF SINGAPOREECONOMY

Source: Annual Economic Survey of Singapore 2017, MTI

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% that each industry contributes to the G

DP

SINGAPORE TODAY GLOBAL

LEADERSHIP POSITIONS

AEROSPACE

Contributes 10% of global MRO (maintenance, repair and overhaul) output.

BIOMEDICAL SCIENCES

4 of the top 10 drugs by global revenue are manufactured in Singapore.

LOGISTICS

Handles one-seventh of the world's container transhipment throughput, the most for any hub on the planet.

MARINE & OFFSHORE

Host to over 3,000 established M&OE (marine & offshore engineering) firms.

ENERGY & CHEMICALS

7th largest exporter of chemicals in 2015.

(Source: World Trade Statistical Review 2016)

ELECTRONICS

One of the most diverse semiconductor industries in Asia-Pacific, with $64.8bilof output in 2015.

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Singapore – A globally competitive manufacturing hub

SINGAPORE TODAY

Singapore

Rank Country

1 New Zealand

2 Singapore

3 Hong Kong

4 Denmark

5 Republic of Korea

Rank Country

1 Singapore

2 US

3 Taiwan

4 Switzerland

5 Belgium

Rank Country

1 Singapore

2 Sweden

3 Switzerland

4 Finland

5 US

Source: Global Innovation Index 2017, Innovation Input Sub-Index

Source: BERI’s 2017 LabourForce Evaluation Measure

Source: World Bank’s Doing Business 2018 Report

Source: BERI Report 2017-1

Singapore is the top-ranked Asian country in the Global Innovation Index 2017

* Singapore ranks 7th overall in GII 2017, outperforming Hong Kong, Korea, Japan and China.

SINGAPORE’SRANKINGS

Investment Potential

Rank Country

1 Singapore

2 Germany

3 Netherlands

4 Taiwan

5 Norway

Ease of Doing Business Labour Force Innovation Input

TRUST• Government as a

trusted partner

• Pro-business environment

KNOWLEDGE• High educated

workforce

• Technology readiness

• R&D capabilities

CONNECTEDNESS• Connected to the

global trade network

• Openness to talent

LIVEABILITY• A safe and vibrant

city to work, live and play

SINGAPORE TODAY

Advantages to companies investing here

SINGAPORE’SSTRENGTHS

Credit: Brain by Laymik, Knowledge by ProSymbols, connect by Fevzi.C, House by Aham Brahma (from Noun Project)

INFRASTRUCTUREIN SINGAPORE

SINGAPORE BUSINESS ENVIRONMENT

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INFRASTRUCTURE IN SINGAPORE

INFRASTRUCTURE& CONNECTIVITY

Sembawang Port

Woodlands & North Coast Wafer Fab Parks

CleanTech Park

Pioneer & International Business Park

Co-location Data Centres: Digital Realty Trust, Equinix SG2, M1, Tanjong Kling Development, Viewquest

Tuas Biomedical Park

Jurong Port

Pasir Panjang Port

Jurong Island

one-northBiopolis, Mediapolis, Fusionopolis, LINK,

LaunchPad

Co-location Data Centres: Ascenix, Ato Origin, CITIC Telecom, Crimson Logic, Equinix SG1 & SG3, ICONZ, Singtel, Webvisions

Serangoon & Ang Mo Kio

Co-location Data Centres: Epsilon, Indostat, I/O ST Electronics, Keppel Digihub, NTT, Telstra

Seletar Aerospace Park

Offshore Supply Base

Tampines & Pasir RisWafer Fab Parks

Changi & Loyang Aerospace Parks

Changi Airport

Changi Business Park

Co-location Data Centres: BT Global Services, Fujitsu, Keppel Datahub, Singtel, Telin

Tai Seng & Chai Chee Technopark

Co-location Data Centres: 1-Net, AT&T, Global Switch, NCS, NTT, Pacnet, Savvis, Singtel, Tata Comms, Telehouse

Keppel Port

Ports Industrial ParksBusiness Parks

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CONNECTIVITYAccessing the opportunities in Asia

SEA: 33.35 mil TEUs handled in 2017200 shipping lines; 600 ports

in 123 countries

AIR: ~2 mil tons handled in 2017Over 7,200 weekly flights

to 400 cities

Skytrax 2017World’s Best Airport 2017Changi International Airport

Asian Freight, Logistics & Supply Chain Awards 2017Best Seaport (Asia)

INFRASTRUCTURE IN SINGAPORE

Photo credit: Changi Airport Group

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