Singapore behind Taiwan and Hongkong in competitivenes
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http://www.channelnewsasia.com/stories/singaporebusinessnews/view/225591/1/.html
SINGAPORE : Singapore has been ranked the third most competitive economy in Asia, behind Hong Kong and Taiwan.
That is according to a survey conducted by the Institute of Policy Studies (IPS) and Nanyang Technological University (NTU).
And among ASEAN member countries, Singapore topped the list - ahead of Malaysia and Thailand.
But experts warn that Singapore must keep a close eye on costs and focus on expanding its services sector - or risk falling behind.
The IPS-NTU competitiveness survey covers four main areas and takes into account 79 sites - the 10-member Association of Southeast Asian Nations, 34 Chinese cities and 35 Indian states.
While Singapore shone in the key assessment areas of government, institutions, social and economic environment, it lagged as far as business costs were concerned.
Experts say that Singapore should look to its services sector to derive greater value-added growth as competition from Chinese cities such as Guangdong and Shanghai was intensifying.
Tan Khee Giap, Associate Professor, NTU, said, "Our potential competitors are Hong Kong, Taiwan, Guangdong, Zhejiang, Jiangsu, Shanghai, (and) Beijing. These are the big cities and provinces in China. But in the ASEAN 10, we lead almost in every category, including government, institutions, economic environment and social environment.
"But when it comes to business environment, we are equal to Malaysia and the point I want to make is that we cannot cut our wages to match Malaysia. Our competitiveness is not in cutting wages.
"We can move up the manufacturing ladder, but there is an extent that we can do and in the longer term, I still think services will give Singapore the biggest spin-off where our standard of living can be maintained."
In the ASEAN category, Malaysia and Thailand came in second and third respectively, but it was Vietnam which surprised, by beating Philippines and Indonesia to the 4th place.
According to the World Bank, which sponsored part of the survey, the gap was starting to narrow.
Peter Stephens, Singapore Representative, World Bank, said, "...the role of innovation and creativity and entrepreneurship going forward...these are areas that the government focuses heavily on and that there is a lot of discussion on. And for Singapore to continue to lead the pack and be the successful and prosperous economy that it is, these are areas where there is going to need to be increased attention."
Among Indian states, Maharashtra was ranked 8th in the government and institutions segment. - CNA/ms -
To those who are still in the dark about Taiwan, and Hongkong.
Food for thought:
Is our overly strong government the cause of
a) our high-living standard
b) over reliant citizens
c) and less competitiveness ?!? -
Well , according to this report, Singapore is not doing too bad .
Taiwan Maintains Ranking and Scores on 2nd BERI Report of 2006
September 6, 2006
Taiwan maintained its global ranking and scores on US-based Business Environment Risk Intelligence's (BERI) second Business Environment Risk Report for 2006. In the report, Taiwan received 72 points on the Profit Opportunity Recommendation (POR) score and ranked 6th globally -- identical to its performance on BERI's first report of 2006. Out of the 50 countries surveyed for the test, Taiwan ranked right behind the countries of Switzerland, Singapore, Netherlands, Japan, and Norway.
In the overall rankings, Taiwan remained at third place among Asian countries, behind Singapore (Global Rank No. 2, score of 78 ) and Japan (Global Rank No. 3, score of 75); Taiwan placed ahead of China (Global Rank No. 17, POR score of 61), Malaysia (Global Rank No. 19, score of 60), South Korea (Global Rank No. 21, score of 59), Thailand, the Philippines, Vietnam, and Indonesia.
http://investintaiwan.nat.gov.tw/en/news/200609/2006090605.html -
think of their overall climate and how they help to foster a sense of Individuality and Reseilence. A place where their citizens feel that they have a stake in their own future, and that they have the power to change.Originally posted by NuLife:To those who are still in the dark about Taiwan, and Hongkong.
Food for thought:
Is our overly strong government the cause of
a) our high-living standard
b) over reliant citizens
c) and less competitiveness ?!?
Draw your own conclusions from that, and remember that theirs is a bootstrap society, ours is a directed one. -
frankly all these rankings are useless to the average singaporean.
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wat is the pt when ur people no happy
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That is why our newspapers(which is control by our government) keep criticising Hong Kong n Taiwan.Becoz our government are jealous of the achievement they make.
And our PAP government also jealous of the fact that they are more democratic than we are. -
i dont even think Singapore should be ranked third
The only big companies we can boast of are GLCs, and HK ones are privately owned. We may, and probably wont know any bailout Temasek might inject into these companies.
Their size are fueled by consumer demands, and ours is by monopolies.
Fundamentally, they should be far more competitive than ours. -
Singapore is lucky to be placed third - behind Hong Kong and Taiwan; but whatever happened to Korea and Japan, which are supposed to be economic power houses of Asia too.
After forty-five years since independence, the main driver of Singapore's economy remain not in Private Enterprises but in the hands of the Government and its Government-linked Companies (GLCs).
Since the economic crisis of 1988, 1998, and 2002 - economic review committees have set out their reviews, and each time it recommended less Government involvement and competition in the local economy, and more nurturing of private small and medium enterprises.
Yet we continue to see the growth of Temasek Holdings and its various subsidiaries in the Singapore Economy.
What could be the reason for this persistence in not changing despite all the publicity given about changes to be made ?
Could it be due to the thick web of relationships and political loyalties in the assigning of posts in the various GLCs ?
This subject was discussed in this forum in 2004, under the heading :
From sgForums thread : Temasek Holdings :
Why it might be difficult for the government to withdraw from business
By Tan Boon Seng, Feb 10, 2002
How long more shall Singapore bear the cost or losses due to the traversities of a Single Party Rule ?
It will not be any surprise when Vietnam surge ahead of Singapore within the next ten years, when it learn and adapt itself to the Rules of the Game.
Vietnam had opened itself to the World only in 1994 - while Singapore has been at it since 1960s, and Vietnam is already in forth position after 12 years in the game, next to Singapore's third. -
No.Originally posted by NuLife:To those who are still in the dark about Taiwan, and Hongkong.
Food for thought:
Is our overly strong government the cause of
a) our high-living standard
b) over reliant citizens
c) and less competitiveness ?!?
Our wages are too high relative to productivity. High-tech manufacturing and high value services are the solution but we need a more highly skilled workforce. That is why we still need foreign workers with the skills we lack. -
*giggles ....Originally posted by crazyazn:Well , according to this report, Singapore is not doing too bad .
Taiwan Maintains Ranking and Scores on 2nd BERI Report of 2006
September 6, 2006
Taiwan maintained its global ranking and scores on US-based Business Environment Risk Intelligence's (BERI) second Business Environment Risk Report for 2006. In the report, Taiwan received 72 points on the Profit Opportunity Recommendation (POR) score and ranked 6th globally -- identical to its performance on BERI's first report of 2006. Out of the 50 countries surveyed for the test, Taiwan ranked right behind the countries of Switzerland, Singapore, Netherlands, Japan, and Norway.
In the overall rankings, Taiwan remained at third place among Asian countries, behind Singapore (Global Rank No. 2, score of 78 ) and Japan (Global Rank No. 3, score of 75); Taiwan placed ahead of China (Global Rank No. 17, POR score of 61), Malaysia (Global Rank No. 19, score of 60), South Korea (Global Rank No. 21, score of 59), Thailand, the Philippines, Vietnam, and Indonesia.
http://investintaiwan.nat.gov.tw/en/news/200609/2006090605.html
rankings ! oh my .... hur hur hur ......
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Not the skills we lack, but the money we all lack to further ourselves.Originally posted by oxford mushroom:No.
Our wages are too high relative to productivity. High-tech manufacturing and high value services are the solution but we need a more highly skilled workforce. That is why we still need foreign workers with the skills we lack.
You think UPGRADING ourselves is FREE??? -
our govt always think they are the best.Originally posted by drawer:That is why our newspapers(which is control by our government) keep criticising Hong Kong n Taiwan.Becoz our government are jealous of the achievement they make.
And our PAP government also jealous of the fact that they are more democratic than we are. -
Their ego is going to be their downfall....Originally posted by dragg:our govt always think they are the best. -
B'coz they dont want looks like a loser mah...
So they make a dirty tricks
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hong kong and taiwan achieved much more than we did.
besides economic success, they have freedom of speech, free press, democracy and many other things we singaporeans can only dream of. -
You are right!!!Originally posted by drawer:That is why our newspapers(which is control by our government) keep criticising Hong Kong n Taiwan.Becoz our government are jealous of the achievement they make.
And our PAP government also jealous of the fact that they are more democratic than we are.
This is what singapore are falling behind!!!
Our ''mighty pap'' kept saying we have to phase out low tech and move forward to high tech.
So..far I can't see any high tech created by pap that is convincing enough to move me!
Just look at Taiwan alone, they have all sorts of businesses; take for example the low tech production. Their fishing tackles are so advance and they produce the world best tackles and they are still improving.
I have met a Taiwanese lady few years ago.....to my surprise. She brought me some moon cakes. The moon cakes were very very professionnally done with high quality wrappers, so perfectly done that I couldn't believe that it was home made by herself. The box container of the moon cakes was so outstanding that I don't see it here in singapore or malaysia.
Their people are so enterprising and equip with personal skills that most of our locals will never be able to compete with them.
The success of Taiwan today was because of their true democracy and the their govt have given many leeways and indirect supports.
Here in singapore, our govt is competing with its people in business. I remembered one of my friend whom he had allow joint venture with one of our ''singpore INC company''. In the end, he got kick out and the singapore inc company took over his entire business.
In singapore...one word...merciless govt. -
I'm anticipating and reckon that Temasick will one day get into hot soup with their investments in overseas.Originally posted by Atobe:
Singapore is lucky to be placed third - behind Hong Kong and Taiwan; but whatever happened to Korea and Japan, which are supposed to be economic power houses of Asia too.
After forty-five years since independence, the main driver of Singapore's economy remain not in Private Enterprises but in the hands of the Government and its Government-linked Companies (GLCs).
Since the economic crisis of 1988, 1998, and 2002 - economic review committees have set out their reviews, and each time it recommended less Government involvement and competition in the local economy, and more nurturing of private small and medium enterprises.
Yet we continue to see the growth of Temasek Holdings and its various subsidiaries in the Singapore Economy.
What could be the reason for this persistence in not changing despite all the publicity given about changes to be made ?
Could it be due to the thick web of relationships and political loyalties in the assigning of posts in the various GLCs ?
This subject was discussed in this forum in 2004, under the heading :
How long more shall Singapore bear the cost or losses due to the traversities of a Single Party Rule ?
It will not be any surprise when Vietnam surge ahead of Singapore within the next ten years, when it learn and adapt itself to the Rules of the Game.
Vietnam had opened itself to the World only in 1994 - while Singapore has been at it since 1960s, and Vietnam is already in forth position after 12 years in the game, next to Singapore's third.
The strategy in this kind of investments involved very high risk.....
One simple logic....if you were to be the founder of the company..thru' many years of hardship and today you are making good money..would you allow investors to come in and share your cakes, just because they have $$$$$. If you are making good $$$$$...do you need them to invest in your company?
What I can see here is....the govt is grabbing whatsoever businesses to put under the govt's control. So when most of its people are working directly or indirectly with govt link companies...you think these people dare to vote against the ruling party?
So...when they got to control most the businesses...The other way is make its people to obtain high qualification. Then its people will have not many choices but to work with the govt link companies or become part of the party.
really really SINGAPORE INC.
Simple as that. -
Singaporeans chicken.. alot know how to complain in the forums.. here or EDMW.
HK and Taiwanese less complain and more action. they no happy about gov.. either protest or shut up and leave the country.
Kopitam uncle also can talk alot also.. but day in day out sit there and talk talk..
Looked at Businessweek Asia best Entrepreneurs under 25.. no Singaporean. -
Singapore Inc.
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I bet You do it!!! People will follow you. idiotOriginally posted by Wega007:Singaporeans chicken.. alot know how to complain in the forums.. here or EDMW.
HK and Taiwanese less complain and more action. they no happy about gov.. either protest or shut up and leave the country.
Kopitam uncle also can talk alot also.. but day in day out sit there and talk talk..
Looked at Businessweek Asia best Entrepreneurs under 25.. no Singaporean. -
Can Singaporeans follow 'HK and Taiwanese less complain and more action' ?Originally posted by Wega007:Singaporeans chicken.. alot know how to complain in the forums.. here or EDMW.
HK and Taiwanese less complain and more action. they no happy about gov.. either protest or shut up and leave the country.
Kopitam uncle also can talk alot also.. but day in day out sit there and talk talk..
Looked at Businessweek Asia best Entrepreneurs under 25.. no Singaporean.
Unlike Singaporeans, and fortunately for the 'HK and Taiwanese', they are not subject to the threats of the Internal Security Act - which basically will lock up anyone without trial, and its review is subject to a committee of individuals 'supposedly independent', and with the 'final arbiter' being the Home Affairs Minister - (a Elite Executive Committee Member from the Ruling Political Party).
Singaporean are living in a political environment that is as bad as the Chinese Citizens living in the Communist China - where the PRC Citizen has no political rights, and any PRC Citizen who dare challenge the State publicly, will be locked up without trial, and subject to psychological treatment'.
Singaporeans have 'either protest' in the various forums and blogs, and will never 'shut up'. Some have also left the country as they have the money to do so and have no psychological ties in Singapore.
'Kopitiam uncles have alot to talk' because all they can afford is just the 'kopi, kaya toast and egg' - and they cannot afford to run away after having contributed so much to Singapore.
They have lived through life alot more than you could possibly know, which explains why they have so much to talk about; and your impertinance simply show your immaturity and hollow mind in not being able to accept the views of another persons who knows more than you do.
The POWER OF ONE had the same attitude as you, but will not say so, and have previously branded all those who have left as 'QUITTERS'.
Do you realise that the Singapore Government have suddenly realised that Singaporeans who left are the ones whom they should have retained - as these Singaporeans are less dependant on any authority to support them.
Yet these Singaporeans who migrated became even more successful and resourceful in being able to achieve their goals - as they lived in an environment that has less government control.
An environment similar to that which the 'HK and Taiwanese' are exposed to.
Unfortunately, can you know anythiing about such an 'open environment', when all you see is what the Singapore Government want you to see - only the dark and unruly side of an 'Open Society' ?