Using PEST analysis in Singapore to look at how the Political, Economics, Social and Technology changes are impact the needs of Information Technology.
Essay specific features
September 23, 2014
No of pages / words:
3 / 785
Rating of current essay:
This surge in business confidence is manifested in several sectors, the property market as well as the Straits Times Index (STI) is at valuation levels last seen in 1995 ~ 1996. (http://www.abcmoney.co.uk/news/102007100154.htm )
Since Singapore is largely manufacturing-led (35% of GDP) and export driven, it is tied to global economies especially the US and regional economies such as India and China and other ASEAN countries (Malaysia, Thailand, Indonesia, Vietnam, Philippines, Myanmar and Cambodia)...
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While there are signs of a slow-down in the US or at the least a “Goldilocks” soft-landing, the affect on Asia will not be like the 1997 financial crisis.
However, The manufacturing sector is slowly declining in its importance in Singapore as more FMCG (Fast moving consumer product) manufacturing are located to Indonesia and Thailand while High-tech manufacturing are relocated to the semi-conductor belt in Penang, Malaysia...
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Using PEST analysis in Singapore to look at how the Political, Economics, Social and Technology changes are impact the needs of Information Technology.3 pages, 785 words