The Singapore Economy: Manufacturing Powerhouse
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- čas přidán 7. 06. 2024
- Singapore is one of the leading manufacturing nations globally, yet it is unknown to most people.
Narrated by slipstreamer
Video Edited by Iyanbriandi
Timestamp(s):
0:00 The Hidden Industry
2:03 The Singaporean Story
4:22 The Manufacturing Boom
6:27 The Service Industry
7:40 The Challenges & Conclusion
Inquiries: behindasian@gmail.com
Brought to you by the Behind Asian Team.
Singapore as a manufacturing hub is underrestimated by the world. Where do you think its future is headed? Let us know down below!
You are right, many people do not know Singapore is also a manufacturing hub, with the industry accounting for 20% to 25% of GDP every year.
Singapore dont have much land, probably they will shift to Malaysia and its happening
the image at 0.27 what's the caption and where's the link I can't tell what that graph is trying to say
Most people never think Singapore can be a manufacturing hub is because of high labor cost and a very small population, but what they don't know is Singapore's manufacturing industry produces mostly very high value added goods such as semi-conductors, chemical, biomedical, aerospace and precision engineering products.
Actually no, they might repackage and market it as Singaporean but most of their production are literally located in their offshore production in Vietnam, Malaysia and Indonesia.
@@danielles7766 i think both of u r technically correct. Since spore do not produce low or mid end tech, they received from Malaysia, Vietnam and other countries and assemble/complete/repackaging them as higher value products and re-export if I'm not mistaken.
They add vaie where they can
It's interesting that ppl compare SG to HK, but as a HKer, the biggest difference imo is HK's GDP from manufacturing is under 1%, whereas manufacturing accounts for 20%+ of GDP in Singapore... there are historical reasons for this but SG leadership definitely had the vision of making manufacturing a key part of the economy. Part of HK's malaise is due to over-dependence on the financial sector, whereas SG has a more diverse economy.
HK biggest advantage is China.
It started from low-end labour to high-end labour. Educating the population is everything, which is missing in even some developed countries where funds are cut.
Saya sering nonton behind Asia editor nya cukup berpengalaman dan konsisten kerjasama yang bagus, semangat ya,
Thank you! 😄
Just like how China became the face of the modern day communist, Britain of modern monarchy, and USA of democracy, I believe Singapore succeeded in becoming the face of a technocratic society with its powerful manufacturing power
should've been 385 billion SGD not SDG 🙏🙏🙏
Woops! Looks like we made a mistake. Apologies!
@@BehindAsia this isn’t the first time you mixed up with this few of your video making the same mistake between SGD and SDG.
Error noted and already apologised. Move on
Let's always remember to do good 🙏
I ever work at semicoductor manufacturer at indonesia. The item produce at indonesia but sold with market price at singapore. We just sale the product with price cogs + margin only 3% to intercompany at singapore
Credit is given first to the government, which planned all the developments, then to people, who work hard.
Credit only could be given to LKY and his vision.
check your data singapore's width is just 50km not 733km
I believe what he mean is is Singapore total area not width.
When it still can get 4cent per thousand gallons of raw water from Malaysia, it can focus on high industry output.
Maybe the govt was too bz with in-fighting and had no vision to develop and invest in filtration facilities for clean water. 😅
you are still hating while chewing on your sour grapes :)
A state in Malaysia which is Johor has signed a water agreement with Singapore which will expire in 2061. SG buys raw water from Johor and Johor buys treated water from SG. SG has developed reservoirs, Newater a recycled reused water and desalination sea water so as to be self reliance with its water supply before the agreement ends.
Singapore is not 733 km across
itis 733 sq kms in area size.
Singapore is a financial capital instead of a manufacturing hub. They lead in technology but they do not have the manforce to support it. Instead they seek for more development of their offshore productions.
Gdp say otherwise
@@sucram1617 Singapore isnt even a member of G20. 🙄
@@danielles7766 u need to be a g20 to be a manufacturing hub?
After all the stats that have been shown, stubborn people can be so idiotic.
@@sucram1617 Yes. In fact I know that you were thinking of minimum wage instead of GDP which were two different things. It's rich that you dont even have the basics and youre still calling me an idiot.
Do you research guys. Singapore is only 50 km across, not 733 km as indicated by your map. I think you meant 730 sq km in area. But you said "733 kilometers". Do you not even understand the difference between linear dimension and area?? 🤦🏻♂
I think the Philippines is currently the world's production center. Goods are exported by the Philippines to the whole world. With a total export turnover of 78 billion USD, it ranks No. 1 in ASEAN.😂😂👏👏
Singapore is a financial center, not a manufacturing one, cuz the country is so expensive to manufacture or make something
Yes
Ok
Hightech manufacturing
But Singapore is a at the forefront of aerospace, biomedical and high valued electronic manufacturing in Asia. These are high value-added products, hence why it amounts to an output of 385billion sgd.
No. Singapore is one of the top 3 petrochemical hub and phamaceutical in the world. Semiconductor industry is ine of the best too despite limited space.
Selama perusahaan indonesia gk transit ekspor ke singapore, gue jamin pertumbuhan eksporny gk akan meledak
Perdagangan singapura-indonesia hanya tinggal 5%. Lebih banyak dgn China, US, Jepang, dan eropa barat
i hope sabah will be back to sulu filipina
salam dari indonesia
Budak kumuh indon pikiran toksik
คนไทยทำได้ๆๆๆๆๆๆๆๆๆๆๆๆๆ
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Malaysia will take over as a main HUB in Asean soon.
Yes…singapore dont have much land…
Bom nuklir saja wkwkwk
Singapore is not a jealous nation any SEA doing good is good for the whole SEA group,hope Malaysia can achieve it but it will take a long time.
@BlackBannerz that is never be possible.keep dreaming.
@BlackBannerz talk to the exchange rate. SG can buy over MY. 😅
Without the workers from Malaysia. The Singaporean industry will plunge down.
There are lots of people in the region who would gladly take the place of Malaysians working in Singapore. Singapore is not dependent on labour from Malaysia.
@@singlah ha..ha. must provided place to stay. While Malaysian come in and go home across Tambak Johor.
@@hazmanriess8949 That is the reason why Malaysians go to Singapore... so that they can go home and live a better life. Where this type of labour comes from is inconsequential to Singapore. These are not usually highly skilled Malaysians and this type of labour can be housed easily like how laborers from South Asia are housed. Singapore always values highly skilled immigrants from around the world, including Malaysia - but to think that Singapore's industries would be affected by the absence of Malaysians is laughable. It is more likely the other way around... that Malaysians would suffer because Singapore was not there to provide the jobs that Malaysians need.
Indonesia and Phillipines too. Indonesian maids built Singapore's future generation while Filipino nurses make sure of their well being
Without jobs from S'pore, m'sia economy will 'kaput'. Already there are brain drain in m'sia & sooner what is left are the stupid ones.
singapore plan to 2030 is no more melayu in their citizen..
it will hapen to malasial too.. in 2040..etnik melayu only make 20%of malasial population..banglades etnik become 50percentage of malassial population
Ini lah hasil didikan budak suruhan hindia belanda.pikiran toksik
Go to school
Totally wrong
All that nasi goreng must be doing some damage to your pea brain
If you cannot write proper english & talk rubbish without researching, don't comment at all. Useless nasi lemak fella!