Some Ideas to Open up Business in Singapore

Singapore, as a big tourism destination, has its own enchantment. This very beautiful, neat, secure, and clean city, makes everyone feeling good to be there. The entertainment this city has offered, always attract the tourist to visit Singapore. Despite that, Singapore also opens up space for foreigners to invest and make their own business. Even the well-known giants  like Google, Apple, Procter & Gamble, DBS Bank, Microsoft, and many other companies have and do run their businesses in Singapore.

If you want to start your business abroad, you may want to try Singapore. The reason is, this city offers you a conducive climate for business. The financial stability, free market economy, sturdy FOREX market, strong law and regulation, fine infrastructure, the anti-corruption system, located in a strategic geographic, and good human resources have made this city be the most valuable business place for foreigners. Below is the list you may want to try to run your business sector into Travel and Tourism Looking at the statistics from Q1 2017; The tourism sector saw good growth in Q1 2017. International Visitor Arrivals (IVA) increased 4 per cent over the same period in 2016 to reach 4.3 million visitors while Tourism Receipts (TR) grew by 15 per cent to reach $6.4 billion. The strong growth in TR was due to higher visitor arrivals and growth in all ?major TR components, except Sightseeing, Entertainment & Gaming, which held steady. Gazetted hotel room revenue was estimated at $0.8 billion for Q1 2017, a year-on-year decline of 1.3 per cent. Average Occupancy Rate (AOR) grew by 1.3 per cent year-on-year while Revenue per Available Room (RevPar) declined by 1.2 per cent year-on-year due to a lower Average Room Rate (ARR).

Hospitality

Hospitality business, cannot be denied, is the most profitable sectors on a large amount of tourism in Singapore, as the major tourism destination city. This includes bar, café, restaurant, hotel, and even a resort. People consume food and beverages a lot, they're looking something unique to find the new experience they will not have from any other place.

Information Technology

Singapore infrastructure has demanded a lot of IT industry to burgeoning. This will promise an IT company to develop, besides a bunch of skilled employers in there. We can see as mentioned above, what company has been succeeded to run their business here. You can choose some IT business you interested into.

Bio Technology

This sector has grown rapidly in Singapore. We might know the product of this biotechnology company brand this day, like Pfizer, Novartis, and GlaxoSmithKline. The government of Singapore has put an effort to investing in this sector and promote it.

Telecommunications

Singapore also the biggest one of telecommunication hubs at South East Asia Region, from mobile connections until internet connections. Though so, there's a lack of work on telecommunication industry. You might be the one who will complete this emptiness.

Fashion Retail

Not just the tourists who love to shop in this city. The people here are also a modest and updated about fashion. They like to step forward and show their best. A lot of international brands has developed their market to this city too, such as ZARA, H&M, Levi's, etc. The tourists also hunt for this branded fashion in a reasonable price. Retail outlet and franchise business will make a lot of profit too.

Education

There's just a small amount of educational institutions in Southeast Asia but they are in high demand. So you might want to try to build your qualified education institution which gives a course related to the major interest, linked to the future business opportunity on Singapore. Here are some links to check out National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore University of Technology and Design, Singapore Institute of Technology ,Singapore University of Social Sciences.

Actually, there's still a lot of sectors for developing your business besides these ideas. All you need to do is some research for the tremendous city of Singapore, choose your interest and look for the opportunity.

Ever Changing Car Markets

The worldwide economic slowdown and negative growth has serve as a wake-up call for many consumers who had been overspending during the good times. There had been a wave of job cuts with companies declaring bankrupt. This has restricted people's spending power for buying luxury goods that they have gotten used to. People are tightening up their purse to save for a rainy day while the same case goes for national governments, whom have been figuring out methods for spending cuts. Cutting petroleum consumption is top on the agenda list. Governments had been running fiscal deficits during the good times without a proper control on spending and it is time for them to adopt some wise spending habits.Asia consumes the most number of oil in terms of global volume. China, together with Japan and India are already using 25% of total world oil consumption, with production of oil accounting for only 6.25% of total world oil output, hence making them large net importers of oil related products. These countries have been importing millions barrels of oil every single day non-stop. Their insatiable appetite for oil is mainly driven by demand from car owners.

Recently, Kia, an Asian automobile manufacturer based in Korea, launched its all new Forte Hybrid vehicle, the very first hybrid range going into mass production. Another model range was launched name Eco-Dynamics, where several environmental friendly cars, which meant lower oil consumption and gas emissions, will be marketed worldwide in many international markets.

Tata Nano, manufactured by the car company related to the famed Tata Industries, is another model launch that is predicted to capture India consumers' hearts and money, due to its extreme low retail price at below $2,000. Sales projections are expected to reach more than 100,000 vehicles, but there is potential for higher revenue with future launches. This car is targeted for the young and hip customers who will be captivated by the model and upgrade to a higher end model when their income rises. It is a classic case of capturing customer loyalty. Nano's highly successful launch had called for a new market segment and higher demand for low cost vehicles with minimal fuel consumptions.

Car companies are feeling the pinch of the economic slowdown due to cars being a luxury good. Many are cutting on production budgets for optimizing cost structure, but one area that remains spared is the development for fuel-efficient vehicles.

Hyundai Motor, Honda Motor and Toyota Motor, which are South Korean and Japanese powerhouse car manufacturers have maintained research spending levels at 5% of total revenue. Hyundai has kept the research budget even on the backdrop of a $2.2 billion program for cost reduction. Car manufacturers in Asia are competing big time in the still growing industry by continuing its heavy investment outlay in R&D.

Hybrid cars development had propelled a new frontier market for batteries. Battery producers are also stepping up the game for higher R&D budgets in developing the next cutting edge battery technology. Hybrid automobile's rapid growth is the first transition and evolution for a car. As more advanced batteries are produced in the future, there will be a time where petroleum is no longer needed. Another hybrid model of the future, the Plug-In Automobile Electric Vehicles will have a bright future where sales are currently at 100,000, a tiny fraction currently from total 1.7million cars of hybrid range sold in 2015. Hakan Samuelsson, the chief executive of Volvo just announced all Volvo cars to be electric or hybrid from 2019.

Tesla of course leaders in the electric field just rolled out Its first completed Model 3 (shown above).

Cars running on alternative energy supply other than petroleum are expensive to develop, but that did not deter companies from dropping heavy research funds on developing hydrogen-fuel cars. There are no mass production of these fuel cells currently which represents a big step forward on the car evolutionary stage. Hybrid industry is expected to grow many folds, as consumers get hooked on the concept which will further spur plug in cars development. This may cause petroleum based cars to be completely phased out from the market. Current hydrogen fuel technology is still not stable and too costly and this has restricted the overall growth rate for electric cars. Probably by the year 2018, battery technology will have made great progress which will further see explosion of growth for electric vehicles where cost will no longer be prohibitive.

10 Perfect Business Opportunities in Malaysia

There are many business ideas that one can explore in Malaysia and all it takes is perseverance. Malaysia is strategically located beside Singapore, a knowledge based economy and Indonesia, largest consumer market in South East Asia. Prime Minister Datuk Seri Najib Razak has an ambitious economic growth target of doubling GDP by 2020. It has put in place many measures to attract foreign interest for setting up businesses in Malaysia. The coming paragraphs will set you on the right direction in terms of some of the best business trends in Malaysia.

First and foremost, the top business start-up is launching a travel agency. Malaysia is regarded a business district with frequent business traveller going in as well as out of Malaysia. The potential market is huge if you can carve out services specially tailored for the business travellers that are not price sensitive. The potential returns are unlimited and it requires extremely low amount of capital. Next is to make a name in the tourism segment. Malaysia hosts thousands of foreign tourists each year. Big bucks can be made for those dabbling in the travel industry. For those with sufficient capital, you can consider building a hotel chain in various tourist hot spots where there are never ending demand all season. You can offer products such as tour packages and travel related services. Budget is not a huge concern as you can always start small. Did you know airline operator AirAsia started in Malaysia.

Fashion industry in Malaysia is a good sector to venture into. Fashion is a hot topic among Malaysia citizens with heavy apparel consciousness. Fashion outlets have already flooded the market but there are still enough demand for newcomers. Learn the local tastes and culture before starting out you own fashion outlet. One can consider selling foods and various snacks in Malaysia. Malaysians are some of the best food eaters with a huge appetite to try out new things. Some of the food segment one can consider venturing is fast foods such as ice-cream or frozen yoghurt. Capital requirement is minimal as well. You can break even easily with a good concept. Remember Lazada launched operations in Malaysia back in 2012 and is now Southeast Asia's number one online shopping and selling destination, with presence in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

Businesses need investors or other forms of funding to get their operations going and there are no ends to small businesses starting up every day in Malaysia. You can tap the financing markets by starting up a microfinance company that funds small businesses for a return on your capital. Having experience in the finance sector is a plus. Malaysia is a producer and exporter of oil products. One can consider selling oil as well as gas products around Malaysia. Capital requirement for starting out as a small retailer is low which you can begin by selling small ticket items like kerosene. Once you have achieved sufficient scale, you can expand by launching a gas filling station that has all assortments of oil products. Financial services company iMoney.my is based in Kuala Lumpur.

Internet businesses are another hot opportunity for exploration. They can throw off good money if you know the ins and outs. Many graduates have made good profits doing website design, blogging, writing on a freelance basis and many more. The market on the Internet is huge and best perk is being able to work from home. If you have the requisite professional knowledge in accounting or law, you can set up a professional services consultancy business to help provide advice for small businesses starting each day. Accounting as well as bookkeeping services will always be needed and having the skills is imperative.

Transportation in Malaysia has huge potential as current taxi services are lacking in supply. Cars that are left idle at home can be transformed into taxi via Uber services and you can start making money off driving passengers to their desired destination. Many people are in need of transportation services every day and decent living can be made. Smartphone is in the pockets of every adult and probably kids still in school. About 50% of Malaysian grown-ups own at least 1 smartphone. Huge opportunities abound for those people with the skills to perform smartphone and electronics device repair works. It is much more cost effective to repair a damaged system rather than buying a brand new one. It is one of the golden money making areas should you have the requisite skills. 

View Towards Vietnam Growth

The Vietnam bank was established on 1st April, 1963. This is the bank exclusively established for foreign trade. In the year 1990, the Vietcombank focused only on foreign trade to aim at mass market commercial bank. In the year 1996, the official name of the bank was changed. This Vietcombank possesses seven members as Board of Directors. All the share of the Vietcombank stock trades on the Stock Exchange under the tag of VCB. Along with the banking services the bank has extended its services in collective ventures and also in subsidiaries. In the year 2008, the government selected the Vietcombank to privatize and merge with the state owned companies, which raised nearly US$ 650 million, this made the government to Vietcombank to initial for public offering.

In the year 2009, the Vietcombank has been secured the title as ‘Best Vietnamese Bank' for trade and finance. The bank secured this title for two continuous years, and it included in the list of the most prestigious banks in Vietnam. The bank maintained its position for more than a half century by rendering its services in finance and international trade services. Now the Vietcombank occupies a share in the markets in loans and deposits. The bank's profits in the first six months reached more than 2 trillion, VND occupied the first place in reaching the targets among the other banks. Along with the international trade, the Vietcombank concentrated on the domestic banking, for which it was selected as the ‘Best Vietnamese Domestic Bank'. The bank also received an offer from the investor to build few constructional projects. Later the investor asked to withdraw from the project, yet the matter has to be settled.

There is a slight GDP growth rate of the city during the first term of the year, whereas the economic growth decline in the first quarter due to the drop in crude and agricultural production. Whereas the Gross Domestic product increased slightly, when compared with the earlier report. Now the economy is facing many challenges in the international market because of the drop in the prices of the crude oil. If we have a clear glance at the economy of Vietnam, there are imbalances in the economic growth. There is a slight rise in exports, whereas imports declined in the same proportion. The industrial production and Manufacturing sectors jumped higher, whereas agricultural based sectors declined because of severe drought, the growth rate has fallen down in the beginning of the year. The economic expansion of manufacturing and construction has increased the economic growth in the year 2015, The five year social economic plan of Vietnam has started focusing on the restructuring areas like banking sectors, state owned sectors and private sectors to increase the growth in the economy.

Apart from the a decline in the growth rate, in the agricultural sector , the state also wields more influence on land and capital , this has been stagnating for longer period and now the Vietnam needs more productivity growth to meet the current situations. Vietnam started boosting the international economic trade with the other countries such as Eurasian Economic, South Korea and so on. The slowdown in the economy is started with the global crisis . The ASEAN community was established to create more opportunities in the nation to initiate in the regional and global economies. The experts analyzed that the country's recent slow down in the growth was due to the merger and expansion of the provinces and also added few factors between the growth rates in the local areas as there is an absence of connectivity with domestic firms. The Vietnam economy is preparing for a change in the economy, ultimately there may be a change in the development of the economy. Let us wait and see the forecasting developments in the economy.