Nobody downloaded yet

Review of Literature: Government intervention in relation to Singapore SMEs survivability during the recession in Singapore - Essay Example

Comments (0) Cite this document
Summary
Most countries in the world have been affected by the serious Economic Recession that began in the late 2007 and got worse towards the second quarter of 2008. Singapore has also been affected by this economic malaise; the impacts have mostly been felt in Singapore’s Small and…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Review of Literature: Government intervention in relation to Singapore SMEs survivability during the recession in Singapore
Read TextPreview

Extract of sample "Review of Literature: Government intervention in relation to Singapore SMEs survivability during the recession in Singapore"

Download file to see previous pages dustries are overwhelmed with huge financial burden and the yearning for greater exports for their products, for which international markets have been dwindling over the years.
The major problems Singapore SMEs face as a result of the recession include loss of revenues that happen because their sales volumes have drastically been reduced as they could not export many of their products to overseas; insufficient capital to fund some of their operations due to the restrain on lending from banks and other lending institutions as the financial crisis bit harder; a drop in production as industries attempt to cut cost by firing some of their workers. All these problems have rocked Singapore SMEs during the recession, which then forces Singapore Government to come up with some measures to intervene in the matter, in order to save the country economic powerhouses from collapsing.
As the number of job losses increases and the country’s economy indicates that the recession is biting hard, the Government of Singapore has come forward with some measures to intervene in the economic activities of its SMEs industries (OECD & APEC 2008, pp.103-104). Some of these redemptive actions are as follows:
Establishment of exporting markets: Singapore Government realizes that the domestic markets have already been saturated with the products/services the small and medium enterprises produce in the country. There is need for exporting markets, and the Singapore Government has begun to engage in consortium with other countries in Asia with hope of creating foreign and bigger markets for the country’s SMEs (OECD & APEC 2008, pp.103-104). Singapore has been in touch with China, Malaysia and Indonesia to encourage their local buyers to import from Singapore. The Government is planning to extend business relationships into other regions like Middle East, India and Vietnam (OECD & APEC 2008, pp. 103-104).
Provision of Job Credit: The Government also make job credit available to the SME ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Review of Literature: Government intervention in relation to Singapore Essay”, n.d.)
Review of Literature: Government intervention in relation to Singapore Essay. Retrieved from https://studentshare.org/miscellaneous/1558489-review-of-literature-government-intervention-in-relation-to-singapore-smes-survivability-during-the-recession-in-singapore
(Review of Literature: Government Intervention in Relation to Singapore Essay)
Review of Literature: Government Intervention in Relation to Singapore Essay. https://studentshare.org/miscellaneous/1558489-review-of-literature-government-intervention-in-relation-to-singapore-smes-survivability-during-the-recession-in-singapore.
“Review of Literature: Government Intervention in Relation to Singapore Essay”, n.d. https://studentshare.org/miscellaneous/1558489-review-of-literature-government-intervention-in-relation-to-singapore-smes-survivability-during-the-recession-in-singapore.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Review of Literature: Government intervention in relation to Singapore SMEs survivability during the recession in Singapore

Singapore airline

...? Singapore airline Contents 3 Chapter Introduction 3 Chapter 2: Literature Review 4 SWOT Analysis 4 VMOST Analysis 5 Strategic Alliances7 Chapter 3: Analysis and Finding 8 Analysis made through the 7Ps of Service Marketing of Singapore Airlines 8 Financial Analysis of Singapore Airlines 11 Chapter 4: Conclusion 12 References 14 Abstract Singapore Airlines holds a place of pride in being the national flying carrier in Singapore catering to both the international and local consumer base. The company strategically performs to gain a large number of consumers both in the international and local markets and also in forming...
12 Pages(3000 words)Literature review

Singapore Math

...?Singapore Math Singapore Math Introduction Singapore a located in the southeastern part of Asia to the south of Malaysian peninsula is famous for its equatorial climate, sea port, cultural diversity and religious acceptance, distinctive skyline, technological advancements and landmarks achieved in the field of commutation and automation and for being host to the head quarters to great Multinational Corporations like Barclays Capital. Many of us would be astonished to read that Singapore is also known for its special teaching methodology that encircles the training of human mind with a specific method of teaching known as the Singapore Math. History The...
3 Pages(750 words)Research Paper

Samsung Singapore

...in Singapore. Favourable government regulation policies and the policies of liberalization are some of the external factors that contribute to the competitive factor on the market. In order to survive, many companies have engaged in promotions, expensive advertisements, and value addition services that are aimed at increasing their influence in the vast mobile telephone market. Samsung utilizes its strong revenue base and modern market practices to maintain its profile on the competitive market environment (Adekola & Sergi, 2007). Multiple strategies ranging from strategic marketing to price modulations have also ensured the growth of the company. Customers Customers form another...
6 Pages(1500 words)Essay

Shangrila Hotel Singapore

...also open several social communication sites like Twitter, Facebook, and Skype where customers post and comment about the hotel products and services (Ghemawat and Altman 2012). Environmental Shangrila Hotel has changed into an environment conservation centre in order to maintain the city of Singapore clean. The hotel follows environmement protection laws governing the disposal of waste product, and noise management. The hotel management in collaboration with the national environment management authority has dedicated days where they offer free town clean up. In addition, the hotel has changed into using environmentally friendly forms of energy like solar and windf energy for carrying out several...
5 Pages(1250 words)Assignment

Singapore Tourism Profile

...? Day Month Year Singapore Tourism Profile Introduction The Republic of Singapore is situated in Southeast Asia, very near to the equator. It is actually an island city-state and is made up of more than 50 distinct islands. The country of Singapore certainly possesses a thriving economy, technological and skilled workforce, and an affluent populace. Singapore itself was founded in 1819 and, after a series of country agreements with the United Kingdom and Malaysia at separate times during its history, is now a fully independent republic (Henderson, Chee, Mun, & Lee 36). This tourism profile will examine certain aspects of Singaporean culture and life that have a direct impact on tourism in Singapore and throughout the region. Role... a family...
7 Pages(1750 words)Research Paper

Singapore

...parts Singapore is ranked number one among the many countries that provide aerospace design, manufacturing services and maintenance. It has all the required equipment to facilitate this, and this has also enabled it to capture a large market in Asia. It has created employment opportunities to the citizens, having over 18,000 employees in this sector. Oil and Gas Singapore is in the top three major traders of oil, and it has become the most important center for shipping in Asia. Oil is being used all over the world, and this is a major source of revenue for the government for different countries (Huff, 1997, p. 64). Since all the countries use oil and gas to run their daily activities,...
6 Pages(1500 words)Research Paper

Singapore

...; Singapore was reoccupied by the British in Sept. 1945. In 1946, Singapore, no longer a part of the Straits Settlements, was constituted a crown colony, with Christmas Island and the Cocos (Keeling) Islands. Following a decade of Communist terrorism, Singapore, separated from Christmas Island and the Cocos-Keeling islands became (June 1959) a self-governing state (The development of Singapore). When British troops returned to Singapore in September 1945, thousands of Singaporeans lined the streets to cheer them. However, the fact remained that the British had failed to defend Singapore, and in the eyes of...
11 Pages(2750 words)Essay

Singapore Prosperity

.... Leadership transition has been peaceful playing a great role in stability making it a high affinity destination for investors. Singapore’s effective policies and able leadership was witnessed during the climax of the worst ever global recession that even shook economic giants such as the United States. The prime minister fostered bank lending of which the government also contributed without much interference to its GDP.Within no time after the introduction of this measures, Singapore bounced back to its economy fact living other economic titan states in the turmoil. Contrary to the common perspective that the private sector has got leverage over public...
1 Pages(250 words)Case Study

Popeyes Singapore

...number Popeyes Singapore I happened to visit the Ang Mo Kio shop that is owned by Popeyes Singapore today evening at around 5:30 pm and my experience was awesome. One thing I noted is that it is big in size and spacious to accommodate many dinners. The ambiance seems very okay as I was seated at the end of the shop on sofa sets and had a clear view of the road. The shop is brightly lightened, and they play soft and good music that is worth listening to as a customer waits to be served. I made my order that consisted of chicken set that includes biscuit with Strawberry Jam, Cajun Fries and a soft drink. This just cost me eight dollars. I was so impressed by the chicken since it was huge, deep fried and...
2 Pages(500 words)Case Study

Singapore Model

...Question 3: Singapore Model Introduction Singapore operates through a trade-focused market economy in which the locals can freely work in any market segment and economic sectors. This arises because of the low tax rates, high per-capita and the least corruption cases experienced in government institutions. In this regard, the government controls the vital economic sectors without interfering with the individual traders. The Singaporean government controls and organizes the production means of the various sectors, such as capital addition, wage employment and centralized management. Although private traders own some of the production means, the state...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Review of Literature: Government intervention in relation to Singapore SMEs survivability during the recession in Singapore for FREE!

Contact Us