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Singapore+1 Strategy

Upgrading, Transforming, Automating

In 2021, the Singapore Economic Development Board (EDB), Enterprise Singapore, and strategic private partners jointly established the Southeast Asia Manufacturing Alliance (SMA) to provide the “Singapore+1” strategy for manufacturing companies interested in expanding into the Southeast Asian regional market. Currently, the alliance covers over 10 industrial parks in Indonesia, Malaysia, and Vietnam, including the Nusajaya Tech Park in Malaysia, the Batam Industrial Park in Indonesia, the Maptaput Industrial Estate in Indonesia, and the Singapore Vietnam Industrial Park.

What is "Singapore+1"?

The “Singapore+1” is dedicated to leveraging the complementary advantages of Singapore and other Southeast Asian regions.

By creating a synergy of 1+1>2, this aids companies in swiftly broadening their presence in regional markets.

Infinite combinations of "Singapore+1"

Advantages of being near Singapore

Pro-business environment, a bustling commercial hub

  • 80 Double Taxation Agreements (DTAs)
  • Standardised corporate income tax rate of 17%
  • Establishing a company requires only 1.5 days
  • Asia-Pacific hub: 46% of MNCs' Asia-Pacific headquarters are located in Singapore

Nurturing innovation

  • Asia's top intellectual property protection laws, patents registered in Singapore can enjoy a green channel in other regions
  • Universities ranked among the top 10 in Asia
  • Secured the second position globally in the Innovation Index
  • Invests 1% of GDP annually in research and innovation, including advanced manufacturing

First-class facilities, connectivity around the world

  • Signed 26 free trade agreements, covering 60% of global GDP
  • Singapore’s Changi Airport is the world's eighth-largest air cargo hub, connecting 99 countries, with an annual cargo handling capacity of 3 million tons
  • A leading global transshipment center, able to process 40 million containers annually. 90% of physical cargo and electronic permits are approved within 10 minutes
  • The world's top 25 logistics companies all have operations in Singapore

Why should businesses consider the "Singapore+1" strategy?

01

Improving supply chain resilience

According to a report by Accenture, 71% of surveyed companies revealed that their existing BCPs were unable to cope with the impacts of a pandemic lasting several weeks. Companies can build a diversified production chain with the "Singapore+1" strategy.

02

Accessing the Southeast Asian consumer and labor markets

With a consumer market of 600 million people, Singapore is expected to become the world's fourth-largest economy by 2030. Moreover, over 60% of the population is under 35 years old, representing a vibrant labor market.

03

Integrates the overall benefits of Southeast Asia

It utilizes the unique strengths of both Singapore and other Southeast Asian countries for the global deployment of business. For example, enhance productivity by merging the production facilities of other Southeast Asian countries with Singapore's innovation capabilities and Free Trade Agreement (FTA) network.

Case Studies

Singapore + Johor - Appliance Company

In Singapore

  1. With a workforce of thousands, Singapore functions as the global headquarters of the company, overseeing various operations such as Research and Development (R&D), engineering, product development, and motor production.
  2. An advanced supply chain management system.
  3. Provides shared services for operations and regional sales in Southeast Asia.


In Johor

  1. Established in the early 2000s, the company employed around a thousand individuals, with engineers making up approximately 80% of the workforce.
  2. Engaging in partnerships with local contract manufacturers, the company produces tens of millions of units annually, which are then exported to over 70 countries globally.
  3. Possesses capabilities in research, design, and development, along with the capacity for after-sales service.


Win-Win in Johor – Singapore

  1. The company’s products are manufactured in Singapore, then shipped to Johor for assembly and final testing.
  2. The certified finished products are then sent back to Singapore, transported to the final destination via Changi Airport/PSA Port.

Singapore + Batam - Semiconductor Electronics Company

In Singapore

  1. Asia-Pacific headquarters – has engineering design, production, finance, market development, sales, and supply chain management.
  2. Global Industry 4.0 Research and Development (R&D) center, including the development and testing of solutions.


In Batamindo Industrial Park, Batam, Riau Islands

  1. There are approximately a thousand employees are engaged in the assembly and packaging of electronic semiconductors specifically designed for the automotive market.
  2. With an annual production capacity reaching hundreds of millions of units, it stands out as one of the company’s top-performing production facilities globally.


Win-Win in Batam – Singapore

  1. The proximity of the production site to the research and testing production functions provides a tight feedback loop.
  2. It utilizes Singapore’s logistics network to distribute chips produced in Batam to the European market.

Singapore + Bintan - Private Group

In Singapore

  1. The regional headquarters invests in businesses in the Bintan, Indonesia region through a Singaporean company.
  2. It is also responsible for designing and developing the group’s coastal living area in Bintan.


In Bintan, Bintan Industrial Park

  1. They planned the group’s industrial park project in Indonesia in 201X, with a total area of 1,000 hectares.
  2. Building a complete aluminium industry chain in Indonesia: planning, constructing, and commissioning in stages following the “Port-Power-Alumina-Aluminum” industrial model. The overall design capacity includes an annual production of 2 million tons of alumina, 1 million tons of aluminium (long-term), a self-owned power plant with a total installed capacity of 2,860 MW, and a self-owned port with an annual throughput of 20 million tons.


Win-Win in Bintan – Singapore

  1. Utilizing Singapore as the center to coordinate investments, development, and operations in Bintan.

Matchmaking

EDB can assist investors in contacting suitable local partners.

As a neutral and reliable third party, we are trusted by global and local businesses. By collaborating with the EDB and introduced partners, investors can reduce the costs and uncertainties of moving their production to unfamiliar countries.

Collaboration

EDB can collaborate with businesses and the government to create mutually beneficial outcomes.

  1. For over 60 years, we have been the bridge between the public and private sectors.
  2. Successfully advocated for pro-business regulations in the Jurong area.
  3. Successfully lobbied Singapore authorities to expedite halal certification for Singapore companies in the IM zone.

Enhancement

EDB can help businesses develop a comprehensive business model for the entire ASEAN market.

  1. We can help you find key suppliers from our ASEAN contact network and even help bring foreign suppliers to the IM – BBK.
  2. Our close connections with peers in other ASEAN countries enable us to help businesses find the most suitable markets to explore and connect them with relevant local authorities.