experience@singapore - programme information

8/6/2019 Experience@Singapore - Programme Information

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Information for IIM Students

(1) "Experience@Singapore programme (20 24 Sep 2010)

(2) Working/Living Opportunities in Singapore

Experience@Singapore for IIM

Students (20 24 Sep 2010)


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Experience@Singapore for IIM Students

What is it?

Collaboration with IIM Alumni in Singapore

5-day visit programme to Singapore (20 24 September 2010)

Objectives:

Expose IIM students to the Singapore Experience:working culture, living environment

Help IIM students make informed career choices

Increase awareness of Singapore employers about IIMtalent


What will happen?

10 company visits covering Finance, Consulting, FMCG andIT/Telecomm. 7 host companies have been confirmed so far(see below). We will post another update when the full list isfinalised.

Networking sessions with IIM Alumni in Singapore

Sharing on Singapores growth plans by government agencies

Host companies (more to follow):


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What will happen?

To give you a good idea of the final itinerary, we haveappended for last years programme itinerary for reference:

Day 1 (22 Sept 2009, Tuesday)

10 AM Welcome and Opening Presentation by CS

12 PM Social visit of parts of

7.30 PM Networking session between IIM Students and Alumni

Day 2 (23 Sept 2009, Wednesday)

10 AM Company Visit Hewlett Packard

12 PM Lunch

1.30 PM Sharing Session - Mr Balwant Jain, Founder CEO of Optimum Solutions

Topic: his entrepreneurial and personal experience in

4 PM Networking and information session Michael Page

Day 3 (Sept 24 2009, Thursday)

8.30 AM Company Visit Polaris

11 AM Company Visit DBS Bank

1.30 PM Company Visit- SingTel

3.30 PM Company Visit- MasterCard5.30 PM Company Visit - Proctor & Gamble

7 PM Dinner & Night Safari

Day 4: 25 Sept 2009, Friday

7.30 AM Company Visit McKinsey & Co

10.30 AM Company Visit Standard Chartered Bank

12.30 PM Lunch

1.30 PM Company visit Citibank N.A.

4.30 PM Company Visit BP plc (trading unit)

6.30 PM End of programme


Application and Selection

Two-step process:

Youronline written application is screened, and

Some students will be invited for2nd-round phone interviews

A maximum of 40 eventual offers will be made to studentsacross the IIMs.

Application deadline: has been extended to 29 Aug 2010(Sunday) due to feedback.

However, do apply soon if you are interested, because wewill make offers on a first-come, first-serve basis even before29 Aug 2010.

If you have applied already:

We will be inviting some of you for 2nd-round phoneinterviews. Please watch out for our invitation emails.


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Who should apply?

We welcome all to apply, but do prefer if

You have not worked/interned in Singapore before;

Demonstrate genuine interest in Singapore as a careerdestination; and

Have some prior working experience

Will participants be funded?

Yes. Contact Singapore will be fully funding youraccommodation(5 nights in a comfortable hotel, on a twin room basis which isinclusive of daily breakfast and internet access). We will also beproviding fortransport and meals* during the programme.

You will only need to pay for yourreturn airfare to Singapore, anypersonal expenses that you incuroutside of the programme andincidental costs in the hotel such as food from the minibar or roomservice.

* We will be organising networking or social dinners on most nights. On the 1 2 nightsthat we do not have such activities, you will have to pay for your own meals.


Apply for the programme now athttp://www.contactsingapore.sg/ExperienceSg/IIM/2010

If you have more queries:1) Read our answers to frequently asked questions

at the above URL2) Email us at [email protected]


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About Contact Singapore

Singapore government agency

One-stop centre: aims to attractglobal talent to work and live inSingapore

Actively links professionals andgraduating students with Singapore-based employers in key growthindustries

Contact Singapore


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North America

Australia

Europe Greater China

New YorkSan Francisco

Boston

LondonFrankfurt

ShanghaiBeijing

Sydney

India

ChennaiMumbai

Singapore

Contact Singapores Global NetworkSouth Korea

Seoul

www.JobsAtSingapore.sg

Contact Singapore Job Portal:Listing vacancies in our partner companies

Industries:

Aerospace Engineering

Electronics Interactive and Digital Media

Professional Services

Biomedical Sciences

Engineering Services

Legal Services

Public Sector

Chemicals

Financial Services

Maritime Services

Research

Clean Technology

Healthcare Services

Pharmaceuticals

Tourism and Hospitality

Education

Infocom Technology

Precision Engineering


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Contact Singapore Website:Information portal for talent interested in Singapore

www.ContactSingapore.sg

Synergy - A Bimonthly Newsletter:Keeping talent updated on Singapore

Industry update

Employer profiles

Event highlights


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About

Working/Living in Singapore

Singapore At A Glance

Land Area : 710 sq km (274 sq miles)

Population : 4.99 million(25% non-residents)

Languages : English

ChineseMalayTamil

Government : Parliamentary Republic

Time : GMT/UTC+8

County Code: +65

Source: Statistics Singapore, 2009


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Overview of Singapore Economy

18%

Manufacturing

14%FinancialServices

14%

BusinessServices

12%Construction

Transport &Communications

6%

Wholesale& RetailTrade

17%

Others 19%

2009 GDP growth: -2%2010 GDP growth forecast: 13% to 15%

Electronics32%

Chemicals27%

TransportEngineering

13%

BiomedicalManufacturing

10%

GeneralManufacturing

Industries9%

PrecisionEngineering

9%

US$1.00 = S$1.4545(2009 av.)(p) = projectedSource: EDB RSU Census & Surveys

2009 (p) Total output in

Manufacturing Sector:S$213.7 billion (US$147 billion)

2009 (p) GDP:S$257.6 billion (US$177 billion)

1st in the World for Ease of Doing BusinessDoing Business 2009-2010 Report, World

Bank

Best City in Asia to live inQuality of Living Survey, Mercer, 2009

Most Competitive Country in Asia and No. 5WorldwideGlobal Competitiveness Report, World

Economic Forum, 2008-2009

Best Skilled Labour in Asia PacificEIU Business Environment Ranking 2008-2010

World Leader in Foreign Trade & InvestmentDoing Business 2010 Report, World Bank

Best City Infrastructure in the WorldQuality of Living Survey, Mercer, 2009

1st in the World for having the BestProtection of Intellectual Property

Doing Business 2010 Report, World Bank

International Recognition

China

Australia

India

Japan

Myanmar

Malaysia

Thailand

Indonesia

PhilippinesVietnam

Singapore


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Preferred Business Destination For

Companies7000 MNCs of which 60%have theirregional/global HQs here

Other key activities High value-added

manufacturing

Research & development

Logistics & supply chainmanagement

Intellectual propertymanagement

13,800 North America, Europe, Japan

3,000 China

3,900 India

2,600 Australia & NZ

7,800 ASEAN (excl. Spore)

5,300 Rest of World

116,000 localSMEs

36,400InternationalCompanies

Source: Accounting and Corporate Regulatory Authority(ACRA), Dec 08; SPRING Singapore, Dec 08

Favourable Personal Tax Regime

Territorial taxation Tax only on income earned in Singapore Overseas income received in Singapore is not taxable (exclude

income received through partnerships)

Resident marginal tax rate schedule that is progressive , upto 20%

Preceding year basis Income earned in calendar year 2008 is taxed in year of assessment

20089

No estate duty

No capital gains tax

Time apportionment of income for Not Ordinary Resident(NOR) Taxpayer


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Comparison of Personal & Corporate TaxRates Across Asia-Pacific Countries

Total RemunerationUS$100,000

Total RemunerationUS$200,000

Effective Tax Rate onrepatriated corporateprofits

TaxLiabilityUS$

EffectiveTax Rate%

TaxLiabilityUS$

EffectiveTax Rate%

CorporateTax Rate %

Dividendwithholdingtax rate (nontreaty) %

Singapore 5,554 6 21,657 11 17 0

Hong Kong 8,301 8 25,301 13 16.5 0

Japan 10,096 10 43,381 22 42 20

Taiwan 14,728 16 49,899 25 25 20

South Korea 17,126 17 53,701 27 27.5 27.5

China 21,547 22 59,213 30 25 10

India 31,507 32 65,497 33 33.99 16.995

Source: PwC Budget Commentary 2009

Cosmopolitan & Diverse Workforce

Countries with Least Restrictive ImmigrationLaws for Employing Foreigners

3rd IMD World CompetitivenessYearbook 2009

Open and transparent hiring culture that welcomes diversity 30% of the workforce are foreigners

Meritocratic corporate culture that rewards good performers

International exposure with regional responsibilities in an Asianmarket


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Employment Passes (EP)

No quota on number issued each year

Dependent privileges (ability to sponsor immediate family toreside in Singapore)

Quick processing time (5 working days)

Personalised Employment Passes (PEP)

Passes that are tied to the individuals rather than employers

Do not need to re-apply for a new pass when changing jobs

Able to remain in Singapore for up to 6 months without a job toevaluate employment or work opportunities.

Entrepass for those interested to set up business in Singapore

Open and Facilitative Work Pass

Framework for Foreign Professionals

Open and Facilitative Work PassFramework for Foreign Professionals

Employment Pass Eligibility Certificate (EPEC)

Allows graduates from selected institutions to stay in Singaporefor up to 1 year to seek employment without the need to securesponsorship from employer

Is not an employment pass Quick processing time (1 week) through online application


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Singapore a home to Indian talent

Strong Indian expatriate community in Singapore

o About 90,000 NRIs live in Singapore

Key Clubs and Associations:o Singapore Indian Chamber of Commerce & Industry (SICCI)

o The India Club (Singapore)

o IIM Alumni Association - 700 strong

o IIT Alumni Association - 1,000 strong

Living In Singapore

Source: ECA Location Ratings, ECAInternational, 2009

Source: Mercer Human Resource Consulting,2009

Ranking Country

1 Singapore

2 Sydney

3 Kobe

4 Melbourne

4 Yokohama

6 Copenhagen

6 Tokyo

8 Canberra

9 Vancouver

9 Wellington

Best place in the worldfor Asians to live in

Ranking Country

1 SINGAPORE

2 MUNICH

3 COPENHAGEN

4 TSUKUBA

5 YOKOHAMA

6 DUSSELDORF

6 VANCOUVER

8 FRANKFURT

8 HONG KONG

8 LONDON

Best city infrastructurein the world

Ranking Country

1 Singapore

2 UAE

3 USA

4 Belgium

5 Hong Kong

6 Germany

7 Netherlands

8 Canada

9 India

10 Australia

Best place in the worldfor expats to live in

Source: HSBC Bank International Expat ExplorerSurvey, 2008


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Country Risk Index takes into consideration political risk, socialinstability risk and systemic risk.Grades range from 0 to 10, with 0 being the best gradepossible and 10 the worst.Source: Political and Economic Risk Consultancy 2008

Safety & Security

0

1

2

3

4

5

6

7

Country Risk Index*

Singapore is Asias safest country.

Ranking Country

1 Singapore

2 Switzerland

3 Australia

4 Austria

5 Norway

6 Finland

7 United States

8 Netherlands

9 Sweden

10 United Kingdom

Singapore is the most politically-stable country in the world..

Source: BERI 2008-II, August 2008

First-Rate Tertiary Education InstitutionsLocal Universities

13 faculties31,000 students

15 schools18,000 students

4 faculties4,000 students

4 schools6,000 students

Foreign Institutions & Specialised ProgrammesBusiness/ Management Hospitality/

CulinaryMediaScience & Technology

Singapore-MITAlliance

SMART Centre

The LogisticsInstitute - AsiaPacific

SingaporeStanfordPartnership

GermanInstitute ofScience &Technology

GraduateMedical School

Independentcampus

ESSEC AsianResearch Centre

Independentcampus

Collaborationwith NTU

Collaborationwith NTU

NYU LawNYU@NUS

Independentcampus

3D Animation &Games

Independentcampus

Film

Independentcampus

HotelManagement &MICE

Cornell-NanyangInstitute ofHospitalityManagement

Independentcampus


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Recognised healthcare systemRanked by WHO as the best healthcare system inAsia1

Expatriates in Asia voted Singapore as havingbest medical infrastructure, superior to USA2

Attractive location for medical tourismBest Medical/ Wellness Tourism Destination in Asia3

1 World Health Report 2000, WHO (The 2000 report was the last ranking WHO conducted onhealthcare systems.)2 Political & Economic Risk Consultancy (2004). Survey of expatriates in Asia3 TravelWeekly Asia Industry Awards, 2007 and 2008.

A World-Class Healthcare Hub

East Coast Park

Singapore - Exciting City of the Future

Marina Bay Sands, 2010 Singapore Sports Hub, 2011 National Art Gallery, 2011

Resorts World at Sentosa, 2010 F1 Grand Prix, 2008River Safari, 2011

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