Singapore Businessforecast Industry Forecast

The Singapore Business Forecast Report provides essential macroeconomic, political and financial analysis for companies doing business in Singapore. The Singapore Business Forecast Report helps businesses with Singaporean market assessment, strategic planning and decision making to promote growth and profitability in Singapore and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of Singapore's political, economic and financial prospects through end-2012, just published by award-winning forecasters, Business Monitor International.

 

 

 

Key Uses of the Singapore Business Forecast Report | Singapore's Political Outlook | Singapore's Economic Outlook | Singapore's Business Environment | Key Singapore Industry Sectors | Singapore BMI's Executive Summary | Our Asia Subscribers | Full Range of BMI's Business Forecast Reports

Key Uses for the Singapore Business Forecast Report

  • Forecast the pace and stability of Singapore's economic and industry growth through end-2012
  • Identify and evaluate adverse political and economic trends in Singapore, to facilitate risk mitigation strategies
  • Assess critical shortcomings of Singapore's business environment that pose hidden barriers and costs to corporate profitability
  • Contextualise Singapore's country risks against Asia regional peers using BMI's country comparative risk ratings system
  • Target business opportunities in Singapore's high-growth industry sectors
  • Evaluate external threats to doing business in Singapore, including currency volatility, the commodity price boom and protectionist policies

The Singapore Business Forecast Report by Business Monitor International includes four major sections: Singapore's Political Outlook, Singapore's Economic Outlook, Singapore's Business Environment and Singapore's Key Industry Sectors.

Singapore's Political Outlook:

What are the political risks to doing business in Singapore over the next 5 years?

BMI's Singapore Country Risk Ratings evaluate the short and medium-term threats posed by government instability, adverse economic policy-making, deterioration in the business environment and external shocks.

Singapore Political Outlook Contents

  • SWOT Analysis for the Singaporean Market
    Political Strengths, Weaknesses, Opportunities and Threats facing Singapore.
  • Political Stability and Risk Assessment for Singapore
    BMI's Risk Ratings assess explicit short and long-term risks to political stability; latest ratings, rankings and trends for Singapore's risk are compared with Asia regional and global averages.
  • Current Administration and Policy-making in Singapore
    BMI profiles key policy-makers and power-brokers in the Singaporean government, assessing threats to the continuity of Singaporean economic policy, and likely changes to the business operating environment through end-2012.
  • Singaporean Foreign Policy
    BMI examines key trends and shifts in Singapore's foreign relations and alignments with Asia neighbours, the United States and Europe, focusing on external influences.

Key Benefits

  1. Benchmark Singapore's risk profile against its neighbours, the global and regional average, allowing easy comparison of risks between key business markets.
  2. Identify, evaluate and anticipate political and security risks to the business environment in Singapore, and to your company's current operations and future plans.
  3. Gain valuable insights into the Singaporean government and policy-making, through BMI's specialist team of analysts and economists, and their exclusive network of private and public sector sources.

Singapore's Economic Outlook:

How will Singaporean economic policy-making and performance impact corporate profitability over 2008-12?

BMI provides fully independent 5-year forecasts for Singapore through end-2012 for more than 35 macroeconomic variables. We evaluate Singaporean growth, and also forecast the impact of economic management, including central bank policy, on profitability.

Singapore Economic Outlook Contents

The Singapore Business Forecast Report features explicit BMI economic forecasts for Singapore, with supporting commentary and analysis, for end-2008, 2009, 2010, 2011 and 2012 set against Singaporean government views. Underpinning our Singapore forecasts are key assumptions for the global economy through end-2012, covering growth, inflation, employment, trade and investment, interest and exchange rates in the US, Japan and the Euro-zone.

Coverage of Key Economic Issues in Singapore

  • Economic Activity in Singapore
    Real GDP growth; industrial growth; employment growth; inflation and consumer prices; consumption (indicative wages, retail sales, consumer confidence)
  • Fiscal Policy in Singapore
    Current macroeconomic strategy and implementation policies; government finance (revenue, expenditure, budget balance); tax reforms
  • Monetary Policy in Singapore
    Interest rate trends (bank lending and deposit rates); inflation (retail price inflation, consumer price inflation); exchange rate policy in Singapore; Singaporean currency controls; influence of foreign direct investment inflows; exchange rates and foreign exchange reserves
  • Balance of Payments in Singapore
    Merchandise trade (exports, imports, trade balance); current account balance
  • Foreign Direct Investment in Singapore
    Foreign direct investment approvals and inflows; the foreign investment climate
  • Singaporean External Debt
    Debt profile (short- and long-term debt; public and private sector exposure)

Key Benefits

  1. Rely upon BMI's 100% independent Forecast Scenarios for Singapore and underlying assumptions - we take no advertising and are privately-owned.
  2. Exploit the benefits of BMI's comprehensive and reliable macroeconomic Singapore database, sourced and fully maintained by BMI from an extensive network of private sector, government and multilateral contacts.
  3. Gain key insights into the current and future direction of Singaporean government economic policy

Singapore's Business Environment:

How internationally competitive is Singapore's regulatory environment, and what changes can be expected?

BMI assesses levels of transparency, flexibility of labour market, tax burden, development of the banking sector and credit availability, infrastructure and IT, foreign investment regime and trade liberalisation in Singapore.

Singapore Business Environment Contents

  • Singapore's Business Environment Risk Rating with SWOT Analysis
    Short and long-term business environment risk ratings for Singapore, benchmarked against ratings for Asia and neighbouring countries.
  • Country Competitiveness for Singapore
    Competitiveness of Singapore's business operating environment in supporting corporate growth and profitability over the 5-year forecast horizon, compared with regional neighbours.

Coverage of Key Business Environment Issues in Singapore's Domestic Environment

Transparency, cronyism and corruption; labour market flexibility; corporate tax burden; interest rate levels; access of private sector to lines of credit; sophistication of banking sector and stock market; levels of business confidence; infrastructure and IT

  • Foreign Direct Investment in Singapore
    Analysis of foreign investment regime, foreign ownership laws; attractiveness of business environment to foreign investors; review of major foreign direct investments over the last 24 months, and of strategic sectors attracting most interest
  • Foreign Trade with Singapore
    Analysis of trading environment, government trade policy, liberalisation measures, tariffs and membership of trade areas

Singapore's Key Industry Sectors

Which industry sectors in Singapore will grow fastest, and where are the major investment opportunities in the Singaporean market?

BMI targets investment opportunities in Singapore's high growth industries, including automotives, food and drink, infrastructure, oil and gas, pharmaceuticals and healthcare, telecommunications and IT.

Coverage of Singapore's Key Industry Sectors - Singaporean Market Overview

Size, value and structure of industry; impact of liberalisation and privatisation on sector performance and prospects; friendliness of business environment

  • Latest Developments in Singapore
    Review of latest projects, deals, privatisations, mergers and acquisitions, and implications for sector performance; company rankings for national and multinational companies in Singapore; main industry players by local sales, employee size, market share and main brands, products and services
  • 5-year Industry Forecast for Singapore
    Historic dataset (2003-2007) and BMI forecasts through end-2012, covering headline industry data broken out by sub sector

Key Benefits

  1. Target strategic sector-by-sector opportunities in Singapore's high growth industries, attracting public expenditure and foreign investment; identify key players and competitors driving growth, investment and business opportunities.
  2. Benefit from competitive intelligence on top national and multinational companies operating in Singapore's major industry sectors, including analysis of recent trends in sales and market share, company strategies, product launches and latest deals.

Who buys the Asia Business Forecast Reports?

The Singapore Business Forecast Report is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in Singapore.

Our Business Forecast Reports are relied upon by corporates, banks, government departments and multinational organisations around the world.

Business Monitor International's Business Forecast Report subscribers include:

3M Gulf Limited, ABN AMRO Bank, Air Liquide (Thailand) Ltd, Akzo Nobel China, Alcatel-Lucent, Alstom, American Embassy, American Express Bank Ltd, Bank of Central Asia, BNP Paribas, Atlas Copco, Bayer Cropscience, China Hewlett Packard Co. Ltd, Coca-Cola Far East Limited, Colgate Palmolive (Thailand) Limited, Cadbury Confectionery Malaysia Sdn. Bhd, Daewoo Electronics (M) Sdn Bhd, Honeywell (China) Co., Ltd, Hewlett Packard (Thailand) Ltd, Nestle (Thai) Ltd, Philips Electronics India Limited, Rio Tinto Korea Ltd., Siemens Ltd., Standard Chartered Bank, Volkswagen Group Malaysia Sdn Bhd, Volvo Truck & Bus (Thailand) Co Ltd 

 

" The Macroeconomic Overview and Executive Summaries are some of the most accurate available and are useful in planning future business objectives and targets. The 'deep dive' approach to economic outlook is also very useful. "
General Manager, Abbott Laboratories (M) Sdn Bhd, Malaysia.

BMI's Executive Summary for Singapore

[TOP]

Focus On Inflation

The mild decelerating trend that we expect to begin in 2007 and extend to 2008 will broadly continue for the remainder of our forecast period (2008-2012), by which time Singapore's GDP growth is expected to moderate to 5.2% (from 7.9% in 2006). This slowdown can be attributed to waning external demand and a restructuring of the Singaporean economy towards greater service sector orientation (which will ultimately weigh on its growth potential). Indeed, as we have mentioned previously, Singapore has embarked on a major restructuring of its economy as it strives to become more service-oriented, and as Prime Minister Lee Hsien Loong's administration attempts to capitalise on the longest expansion period in six years to help create new sources of revenue that will help shelter the economy from the global trade cycle, which is expected to take a dip over the next few years.

Plans to develop Singapore's oil sector have taken centre-stage among policymakers. Although Singapore has no oil resources of its own, the city-state has managed to develop a refining and petrochemicals industry that accounts for about 6% of the country's GDP – nearly double its contribution five years ago. By some estimates, however, the sector is at the top of its cycle and, consequently, Singapore is making arrangements to extend its long-term viability, while at the same time looking to capitalise on the region's insatiable appetite for energy, by branching out into other areas. The move is reminiscent of Singapore's plans to re-energise and diversify its manufacturing base.

We have revised up our 2007 GDP forecast on the back of strong preliminary data for Q307, which showed the economy expanding by 9.4% year-on-year (y-o-y) due to rapid growth in the construction and manufacturing sectors. Consequently, we now see growth coming in at 7.8%, from 6.5% previously. However, taking into consideration that an economic slowdown in the US will impact upon the all-important export sector; that rising inflationary pressures are likely to persist as higher wages and rentals add to business costs; and a tighter monetary policy, a slowdown of some degree is inevitable. However, we are not as pessimistic as the central bank in our forecasts.

Singapore's business environment score has improved following the implementation of our new Business Environment Ratings methodology. It now scores 83.8, compared with 82.8 previously, due primarily to an improvement in its market orientation sub-rating. The city-state scores 59.5 in this category, up from 51.2 earlier, while its infrastructure score has risen to 83.1 (from 82.3) and its institutions rating has dropped to 88.2 (from 89.2). The overall improvement in Singapore's ratings comes at a time when the business environment in Asia has deteriorated and the disparity between the best and worst performing countries has widened.

Read about our other Business Forecast Reports  

Asia

Australia, Bangladesh, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Vietnam

Europe

Bosnia & Herzegovina, Bulgaria, Caucasus, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Kazakhstan & Central Asia, Latvia, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine

Middle East

Bahrain, Iran, Iraq, Israel, Jordan, Lebanon & Syria, Kuwait, Oman & Yemen, Qatar, Saudi Arabia, UAE

Africa

Angola, Botswana, Cameroon, Cote d'Ivoire, Egypt, Ethiopia, Francophone West Africa, Ghana, Kenya, Mozambique, Namibia, Nigeria, North Africa, South Africa, Sudan, Tanzania, Uganda, Zambia, Zimbabwe

North & South America

Argentina, Brazil, Chile, Colombia, East Caribbean, Mexico, Peru, Trinidad & Tobago, Venezuela, West Caribbean

 

Business Monitor International

Business Monitor International
A Market Leader in Country Risk, Industry Intelligence and Company Research

Mermaid House, 2 Puddle Dock, Blackfriars, London EC4V 3DS, UK

BUSINESS MONITOR INTERNATIONAL's country risk analysis and forecasts, market research on leading industries, and multinational company research is relied upon by corporates, banks, government departments and multilateral organisations in over 125 countries around the world.

Country Risk Analysis and Forecasts
BMI
has for 25 years specialised in political risk analysis, financial markets analysis, and macroeconomic forecasts on 175 global markets.

Industry Intelligence and Market Research
BMI's industry research covers Automotives; Banking; Chemicals; Defence & Security; Food & Drink; Freight Transport; Information Technology; Infrastructure; Insurance; Mining; Oil & Gas; Petrochemicals; Pharmaceuticals & Healthcare; Power; Telecommunications, and Tourism.

Company Research
BMI maintains a fully-researched 55,000-site database of multinational company subsidiaries located across global markets.