DOCSLIB.ORG

Economic Surveyof Singapore 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Economic Surveyof Singapore 2020 ECONOMIC SURVEY OF SINGAPORE 2020 February 2021 Ministry of Trade and Industry Republic of Singapore website: www.mti.gov.sg email: [email protected] All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanised, photocopying, recording or otherwise, without the prior permission of the copyright holder. CONTENTS 02 48 80 Main Indicators Chapter 5 Chapter 7 of the Singapore Economy Balance of Payments Economic Outlook 06 54 84 Chapter 1 Chapter 6 Feature Article Economic Performance Sectoral Performance Performance Of The Singapore Economy In 2020 58 6.1 14 Manufacturing Chapter 2 Labour Market 60 6.2 and Productivity Construction 64 6.3 22 Wholesale Trade Chapter 3 Costs, Investments and Prices 65 6.4 Retail Trade 27 Box Article 3.1 Updated Business Cost 66 6.5 Conditions in Singapore’s Transportation & Storage Manufacturing and Services Sectors 68 6.6 Accommodation 70 6.7 Food & Beverage Services 71 6.8 40 Information & Communications Chapter 4 International Trade 72 6.9 Finance & Insurance 76 6.10 Real Estate and Professional Services 02 MAIN INDICATORS OF THE SINGAPORE ECONOMY OVERALL ECONOMY 2019 2019 2019 $510.7 billion +1.3% $78,847 GDP 2020 2020 at Current Real GDP 2020 GNI Market Price $469.1 billion (Year-on-Year-Growth) -5.4% Per Capita $72,418 STRUCTURE OF THE ECONOMY IN 2020 % OF NOMINAL VA BREAKDOWN OF SERVICES PRODUCING INDUSTRIES Wholesale Finance & Professional Trade Insurance Services 16.8% 15.7% 5.9% Transportation Information & Administrative & & Storage Communications Support Services 5.4% 5.1% 4.5% Real Retail Food & Beverage Services Producing Ownership Estate Trade Services Industries of Dwellings 70.1% 4.3% 3.0% 1.4% 1.0% Goods Producing Accommodation Other Services Industries Manufacturing Construction Industries 25.6% 21.5% 2.7% 0.4% 10.8% LABOUR MARKET COST PRICES Employment Unit Labour Cost of Consumer Price Index (as at year end) Overall Economy – All Items 2019 2020 (Year-on-Year Growth) (Year-on-Year Growth) 3,784.3 3,597.7 2019 2020 2019 2020 thousand thousand +2.3% -9.1% +0.6% -0.2% Overall Unit Business Cost Domestic Supply Unemployment Rate of Manufacturing Price Index 2019 2020 (Year-on-Year Growth) (Year-on-Year Growth) 2.3% 3.0% 2019 2020 2019 2020 -4.7% -14.4% -3.2% -8.7% Value-Added per Unit Labour Cost Singapore Manufactured Actual Hour Worked of Manufacturing Products Price Index (Year-on-Year Growth) (Year-on-Year Growth) (Year-on-Year Growth) 2019 2020 2019 2020 2019 2020 -1.3% +1.3% +4.9% -22.8% -3.3% -6.9% 03 MERCHANDISE TRADE SERVICES TRADE Merchandise Exports Services Exports 2019 2020 2019 2020 $532,514 $515,645 $296,277 $258,791 million million million million -4.2% -3.2% +6.2% -12.7% Year-on-Year Year-on-Year Year-on-Year Year-on-Year Growth Growth Growth Growth Merchandise Imports Services Imports 2019 2020 2019 2020 $489,712 $453,467 $284,015 $238,267 million million million million -2.1% -7.4% +5.2% -16.1% Year-on-Year Year-on-Year Year-on-Year Year-on-Year Growth Growth Growth Growth Top Trading Partners in 2020 Top 5 Services Exports Categories in 2020 (Share of Total Merchandise Trade) (Share of Total Services Exports) 14.1% 10.7% 10.6% 9.3% 28% 17% 8% 4% 32% China Malaysia United States EU Transport Financial Telecomms, Charges for the Other Services Services Computer and use of Intellectual Business Information Property Services TOP 5 TRADING PARTNERS AND SHARE OF TOTAL MERCHANDISE TRADE IN 2020 14.1% China 10.7% Malaysia 10.6% United States 7.8% 9.3% Taiwan EU LABOURECONOMIC MARKET PERFORMANCE AND PRODUCTIVITY 01 CHAPTER 06 Economic Survey of Singapore 2020 Chapter 1 | Economic Performance CHAPTER 1 ECONOMIC PERFORMANCE REAL GDP DECLINED BY 5.4% IN 2020 QUARTERLY GDP GROWTH IN 2020 (Year-On-Year Growth) 0 4 3.5% 0.0% -5 -2.4% 2 -5.8% 1.3% -10 -13.3% 0 -15 1Q 2Q 3Q 4Q -2 MAIN DRIVERS OF GDP GROWTH IN 2020 Manufacturing Finance Information & -4 & Insurance Communications -6 -5.4% 2018 2019 2020 1.4% 0.7% 0.1% point contribution point contribution point contribution INCOME COMPONENTS OF GDP IN 2020 SOURCES OF GROWTH IN 2020 External Domestic Demand Demand Gross Operating Surplus 56.2% 0 -1 Compensation Taxes Less of Employees -2 -1.3% -0.2% Subsidies -1.5% point point point 43.6% on Production -3 Consumption Gross Fixed Changes in 0.2% -3.1% Expenditure Capital Inventories -4 point Formation -5 Economic Survey of Singapore 2020 07 Chapter 1 | Economic Performance OVERVIEW In the fourth quarter of 2020, the Singapore economy contracted by 2.4 on a year-on-year basis, an improvement from the 5.8 per cent contraction in the previous quarter. All sectors shrank during the quarter, except for the manufacturing, finance & insurance, information & communications and wholesale trade sectors. For the whole of 2020, the economy contracted by 5.4 per cent, a reversal from the 1.3 per cent growth in 2019. The sectors that provided support to the economy were the manufacturing, finance & insurance and information & communications sectors, which posted expansions in 2020. OVERALL PERFORMANCE The services producing industries collectively contracted by 4.7 per cent year-on-year in the fourth quarter, improving Fourth Quarter 2020 from the 8.3 per cent contraction in the previous quarter. Among the services sectors, only the finance & insurance The economy contracted by 2.4 per cent year-on-year in (4.9 per cent), information & communications (2.6 per the fourth quarter, an improvement from the 5.8 per cent cent) and wholesale trade (1.8 per cent) sectors posted contraction in the preceding quarter (Exhibit 1.1). On a positive growth. quarter-on-quarter seasonally-adjusted basis, the economy expanded by 3.8 per cent, following the 9.0 per cent growth Meanwhile, the construction sector shrank by 27 per cent in the third quarter.1 year-on-year in the fourth quarter, improving from the 53 per cent contraction in the third quarter. The improved Exhibit 1.1: GDP and Sectoral Growth Rates in 4Q 2020 performance of the sector came on the back of the Manufacturing 10.3 resumption of more construction activities in the fourth Finance & Insurance 4.9 quarter as compared to the previous quarter. Information & Comms 2.6 Wholesale Trade 1.8 Full Year of 2020 Overall GDP Growth -2.4 Retail Trade -4.7 For the whole of 2020, the Singapore economy contracted Other Services Industries -5.7 by 5.4 per cent, a reversal from the 1.3 per cent growth in Professional Services -7.5 2019 (Exhibit 1.2). Real Estate -10.8 By sectors, the manufacturing sector expanded by 7.3 per Administrative & Support -14.9 cent in 2020, a turnaround from the 1.5 per cent contraction Food & Beverage Services -19.0 in 2019. The sector’s growth was supported by robust Accommodation -19.7 expansions in the biomedical manufacturing, electronics Transportation & Storage -27.4 and precision engineering clusters. Construction -27.4 Services producing industries shrank by 6.9 per cent in -40 -30 -20 -10 0 10 20 2020, reversing the 2.0 per cent growth in 2019. Among the services sectors, only the finance & insurance and Per Cent information & communications sectors expanded in 2020. The manufacturing sector grew by 10 per cent year-on-year Specifically, the finance & insurance sector grew by 5.0 per in the fourth quarter, extending the 11 per cent expansion cent, lower than the 7.8 per cent growth recorded in 2019. in the previous quarter. Growth was supported by output The information & communications sector expanded by expansions in the electronics, biomedical manufacturing, 2.1 per cent, slower than the 12 per cent growth registered precision engineering and chemicals clusters, which more in 2019. than offset output declines in the transport engineering and general manufacturing clusters. Meanwhile, the construction sector contracted by 36 per cent in 2020, a sharp reversal from the 1.6 per cent growth in 2019. Output in the sector was weighed down by declines in both public sector and private sector construction works. 1 The strong GDP growth seen in the third quarter was due to the phased resumption of activities following the Circuit Breaker that was implemented between 7 April to 1 June 2020, as well as the rebound in activity in major economies during the quarter as they emerged from their lockdowns. 08 Economic Survey of Singapore 2020 Chapter 1 | Economic Performance Exhibit 1.2: GDP and Sectoral Growth Rates in 2020 For the whole of 2020, only the manufacturing, finance Manufacturing 7.3 & insurance and information & communications sectors contributed positively to GDP growth (Exhibit 1.4). The Finance & Insurance 5.0 transportation & storage and construction sectors remained Information & Comms 2.1 the top contributors to the decline in GDP during the year. Wholesale Trade -2.4 Overall GDP Growth -5.4 Exhibit 1.4: Percentage-Point Contribution to Growth in Real GDP in 2020 (By Industries) Other Services Industries -8.9 Manufacturing 1.4 Professional Services -9.7 Finance & Insurance 0.7 Real Estate -14.2 Information & Comms 0.1 Administrative & Support -15.1 Retail Trade -0.2 Retail Trade -16.0 Accommodation -0.2 Food & Beverage Services -25.1 Food & Beverage Services -0.3 Transportation & Storage 25.4 Wholesale Trade -0.4 Accommodation -28.7 Real Estate -0.5 Construction -35.9 Professional Services -0.6 -50 -40 -30 -20 -10 0 10 20 Administrative & Support -0.7 Per Cent Other Services Industries -0.9 Construction -1.3 Contribution to Growth Transportation & Storage -1.6 Overall GDP Growth -5.4 In the fourth quarter, the manufacturing, finance & insurance, -8 -6 -4 -2 0 2 wholesale trade and information & communications sectors, contributed positively to GDP growth (Exhibit 1.3).
Load more

Recommended publications
  • HOUSING GUIDE for STUDENTS in SINGAPORE Housing Guide for Students in Singapore
    HOUSING GUIDE FOR STUDENTS IN SINGAPORE Housing Guide for Students in Singapore Table of Contents 1 General ........................................................................................................................................................................................................... 3 1.1 Proximity and location ........................................................................................................................................................................... 3 1.2 Steps in getting accommodation ............................................................................................................................................................ 3 1.3 Visiting in person .................................................................................................................................................................................... 3 1.4 Bargaining Tips ....................................................................................................................................................................................... 3 1.5 Deposit ................................................................................................................................................................................................... 4 2 Apartments .................................................................................................................................................................................................... 4 2.1 Searching for
    [Show full text]
  • Annual Report Fy2019 Making an Impact
    M A K I N G A N IMPACT ASCENDAS REIT ANNUAL REPORT FY2019 MAKING AN IMPACT Ascendas Real Estate Investment Trust (Ascendas Reit) continues to stay at the forefront of the real estate investment trust sector as Singapore’s first and largest business space and industrial REIT, building on a solid portfolio of 200 quality investments in business and industrial properties in four markets globally. The radial patterns found in this report are symbolic of our well-diversified portfolio and aim to expand our footprint across selected developed markets. CORPORATE PROFILE OUR VISION Ascendas Real Estate Investment Trust (Ascendas Reit) is Singapore’s first To be a leading global real and largest listed business space and industrial real estate investment estate investment trust trust (REIT). As one of Singapore’s REIT pioneers, Ascendas Reit has played a crucial role in the development of the Singapore REIT sector. It provides an OUR MISSION attractive platform for investment in business and industrial properties across developed markets. To deliver predictable distributions and achieve Ascendas Reit owns and manages a well-diversified portfolio, valued at long-term capital stability for S$12.8 billion, comprising 200 properties in Singapore, Australia, the Unitholders United Kingdom (UK) and the United States (US). Ascendas Funds Management (S) Limited (AFM), the manager of Ascendas Reit (the Manager), is a wholly owned subsidiary of Singapore-listed CapitaLand Limited (CapitaLand), one of Asia’s largest diversified real estate groups. For more information, visit our website www.ascendas-reit.com Accessibility of Reports As part of its environmental conservation efforts, Ascendas Reit continues to print limited copies of its Annual Report.
    [Show full text]
  • Tampines Mall
    RETHINKIT DIFFERENTLY REPORT TO UNITHOLDERS 2004 CONTENTS RETHINKITDIFFERENTLY REENHANCEIT REGENERATEIT 02 PORTFOLIO ANALYSIS 40 RECREATEIT 04 TAMPINES MALL 46 RETRANSFORMIT 06 JUNCTION 8 50 REMODELIT 08 FUNAN THE IT MALL 54 REVALUEIT 10 IMM BUILDING 58 REDEFINEIT 12 PLAZA SINGAPURA 62 RESHAPEIT REASSUREIT CORPORATE PROFILE 15 CORPORATE GOVERNANCE 68 FINANCIAL HIGHLIGHTS 16 INVESTOR RELATIONS & FINANCIAL LETTER TO UNITHOLDERS 18 CALENDAR 76 LETTER TO UNITHOLDERS (CHINESE) 22 MILESTONES 24 REAFFIRMIT MARKET OVERVIEW 26 EMBRACING THE COMMUNITY 80 HUMAN RESOURCES 81 REIMAGINEIT ORGANISATION STRUCTURE 30 REGROWIT CORPORATE INFORMATION 31 FINANCIAL PERFORMANCE REVIEW 84 THE BOARD OF DIRECTORS 32 FINANCIAL STATEMENTS 87 THE MANAGEMENT TEAM 34 UNITHOLDERS STATISTICS 127 THE PROPERTY MANAGEMENT TEAM 36 ADDITIONAL INFORMATION 130 THE CENTRE MANAGEMENT TEAM 37 We are continually working to strengthen our reputation for being not only the first Real Estate Investment Trust (REIT) in Singapore but also a consistent high performer. We achieve this by constantly re-evaluating our acquisition and investment strategy, adopting a creative approach to identify new sources of income, and transforming challenges into changes for the better. Through innovative asset enhancements, adopting a pro- active leasing strategy, yield-accretive acquisitions, and through rethinking it differently, CapitaMall Trust aims to implement innovative solutions so as to create value and maximise total return to Unitholders. CAPITAMALL TRUST’S EDGE? WE SEE THINGS DIFFERENTLY, which is why we continue to set the standard for the retail experience. In the process, we are pushing the limits to define what a REIT can be. CAPITAMALL TRUST > 1 Maximising the Core: We make the most of the organic growth factors which create a stable and sustainable platform for growth.
    [Show full text]
  • Investment Property Portfolio WOODLANDS 57 CAUSEWAY 56 53 46 54 55 31
    Investment Property Portfolio WOODLANDS 57 CAUSEWAY 56 53 46 54 55 31 SE LE TA R E XP RE SS W A Y ( S L E ) B U K I T T I M A E) H J (K E Y X A P SW R S E E S PR S X W E JI A AN Y R K ( B K E ) TUAS SECOND LINK ) IE P P AN ( - Y IS A LA W N SS D E PA PR EXPRES N EX SW -I A SL D Y A AN (P N ISL IE D - ) N EX A P P 67 R ESS 60 WA Y (P IE) 65 45 8 75 59 1112 71 74 A 63 Y E R R AJ AH EX PR 70 ES SW A Y ( AY E) 3 33 1 4 10 23 21 2 25 Business & Science Parks Hi-Tech Industrial Properties Light Industrial Properties / Flatted Factories % share of Business & Science % share of Hi-Tech Industrial space .1% share of Light Industrial & Flatted Factory Park space in Singapore in Singapore space in Singapore 1. The Alpha 13. Techlink 27. Techplace I 44. 84 Genting Lane 2. The Aries 14. Siemens Centre 28. Techplace II 45. Hoya Building 3. The Capricorn 15. Infineon Building 29. OSIM HQ Building 46. NNB Industrial Building 4. The Gemini 16. Techpoint 30. Ghim Li Building 47. 37A Tampines St 92 5. Honeywell Building 17. Wisma Gulab 31. Progen Building 48. Hamilton Sundstrand 6. Ultro Building 18. KA Centre 32. SB Building Building 7. Telepark 19.
    [Show full text]
  • OKA Corporation Tel : +6(03)9207 7604 Email : [email protected]
    18 February 2014 Stock1= Pick Chaw Sook Ting OKA Corporation Tel : +6(03)9207 7604 Email : [email protected] BUY Major Shareholders (%) Stock Information Company Description Target MYR1.70 Ong Koon Ann 48.9% Market cap (MYRm) 74.3 OKA is involved in the manufacturing of precast concrete products in Malaysia. Previous - Quah Seok Keng 3.4% Share Capital (m) 60.9 Ong Choo Ian 2.5% OSK 188 Ticker OKA Price MYR1.22 Industry Construction Riding On Buoyant Construction Sector We are initiating coverage on OKA with a BUY recommendation and MYR1.70 FV, pegged to FY15F 10x P/E, still below its 10-year average P/E of 15.6x. We like the company for its: i) prudent management, ii) strong presence in Peninsular Malaysia, and iii) solid earnings visibility, given its ability to ride on the infrastructure developments in Malaysia that have long gestation periods. Being one of the dominant sewage pipe makers in Malaysia, we believe that OKA could potentially benefit from the West Coast Expressway (WCE) project. Earnings growth is expected to remain strong over the next two years, underpinned by more orders and better margins. We expect a CAGR of 25.5% from FY13-15F. OKA is still trading below its NTA/share of MYR1.72 as at end-Sept 2013. Ipoh-based producer of precast concrete products. OKA is involved in the manufacture of precast concrete products in Malaysia, mainly catering to the infrastructure, sewerage, construction and highway industries. Headquartered in Ipoh, Perak, the company has six factories in Peninsular Malaysia, with two plants in Batu Gajah in Perak, and one plant each in Sungai Petani, Nilai, Senai, Johor and Kuantan in Pahang.
    [Show full text]
  • Map for Lightbox
    D A O R HOLLAND R To Jurong East E VILLAGE R DOVER R MRT A MRT F NEWTON Holland Village Singapore MRT Market D Botanic A H O OL Gardens R Y L S A T D Singapore A N D T A W R Polytechnic O Gleneagles O O S O A R C R The Star N D C Hospital H S I E A T R D Vista E D O N U N R V BUONA VISTA A O E A E Q PI D D R ER ROA Tang M MRT LITTLE INDIA E R L O D Plaza Anglo-Chinese A D MRT C C United World A O The Metropolis COMMONWEALTH Tanglin Mall A D Junior College R O Dempsey Hill ORCHARD College TA M O The S M MRT R I O MRT The locale V N N Paragon The A O Biopolis W S N E R Centrepoint A E O L T T ION Takashimaya Anglo-Chinese School U H A B A P V Orchard (Independent) Fairfield H E T N Mandarin R one-north U SOMERSET is E Methodist O Gallery N MRT Phoenix MRT School AD 313 Singapore Institute New Town Queensway Park GRANGE RO Primary School Secondary School @Somerset of Technology INSEAD Asia DHOBY GHAUT MRT Fusionopoliis D A O VER Timbre+ RI VALLEY Fort R ROA Tanglin Trust School MDIS Campus D Canning National University N I of Singapore National QUEENSTOWN L Park G University MRT N Wessex A T FORT Hospital Cresent Girls’ Valley K T IM CANNING E School Point E Global Indian Great World S R Q ALE MRT T KENT RIDGE XANDRA E U ROA N S E International D Alexandra Canal City P G A ASIR MRT E I PA N School R R NJ S AN W O O G GANGES AVEN A T R A UE OA Science Park II - Y D IC D AYER RAJAH EXPRESSWAY (AYE) REDHILL Quayside V Business Spaces Science Park I Anchorpoint MRT Singapore River D Tiong Bahru A O O IKEA HA K R AD O Plaza U VELOC R Alexandra T R CLARKE QUAY A West Coast Park A T L ABC M MRT E TIONG BAHRU Brickworks D R Singapore Alexandra MRT O R Science Park II Hospital Gan Eng Seng E TIONG BAHRU ROAD A D Pasir Panjang Kent Ridge Park Primary School W Tiong Bahru JALA O Wholesale Centre Haw Par Villa N BU L Market KIT M ERA CHINATOWN H TE) HAW PAR VILLA Buona South Y (C WA MRT MRT Primary School SS RE Southern XP terfront city.
    [Show full text]
  • Great People Distinctive Performance Annual Report 2010 Great People Distinctive Performance
    Great People Distinctive Performance Annual Report 2010 Great People Distinctive Performance Hard work alone is not enough to guarantee sustained high performance. Here in F&N, besides our discipline, fierce commitment and determination to deliver our personal best – which is a given – it is the mastery of our capabilities that makes us distinctive. F&N’s rich legacy has successfully transformed the Group into an enterprise with unparalleled domain expertise. It has also provided F&N with a compelling blueprint for the future. Today, there is a palpable sense of expectation as our Great People work to lift this enterprise to new heights of distinction. Ahead, our firm purpose is to build on past efforts and achievements. Working hand in hand with you, our stakeholders, we are poised to deliver Distinctive Performance now and beyond. Vision To be a world-class multinational enterprise with an Asian base, providing superior returns with a focus on Food & Beverage, Properties and Publishing & Printing businesses. TOTAL NUMBER OF OPERATING PRESENCE IN EMPLOYEES WORLDWIDE NUMBER OF COUNTRIES >17,000 >20 TOTAL ASSET EMPLOYED SHAREHOLDERS FUND >$13 >$6 BILLION BILLION Contents Distinctive Results Investor Relations 53 – 10-Year Performance at a Glance 02 Treasury Highlights 54 – Our 3 Businesses 03 Corporate Social Responsibility – Group Financial Highlights 04 – Environment 56 Distinctive Leadership – Community 58 – Message from Chairman 06 – Consumer 60 – Board of Directors 10 – Human Capital Management 61 Corporate Information 16 Enterprise-wide
    [Show full text]
  • What Is the Future of KTM?1 by Dr. Ong Kian Ming Atticus Poon Teck Seong2 Jurleo Jurit3 Penang Institute in Kuala Lumpur (PI In
    What is the future of KTM?1 By Dr. Ong Kian Ming Atticus Poon Teck Seong2 Jurleo Jurit3 Penang Institute in Kuala Lumpur (PI in KL) 1 Addition thanks to Sophia Jamal, Penang Institute intern, for research inputs. 2 Atticus was an intern with Penang Institute from January to March 2018. 3 Jurleo was an intern with Penang Institute from August to September 2017. 1 The recent hype over upcoming railway developments such as the Light Rail Transit (LRT) Extension, the Mass Rapid Transit (MRT), the East Coast Rail Line (ECRL) and the High-Speed Rail (HSR) from Kuala Lumpur to Singapore, appears to have cast the oldest railway operator in the country, Keretapi Tanah Melayu, better known as KTM4, by the wayside. Ridership on the KTM Komuter Services in the Klang Valley has been declining and could decline even further as it suffers from competition from the further expansion of the LRT and MRT lines. On top of this, the expected rollout of the Rail Network Access Agreement (RNAA) that will allow other cargo operators to use the train tracks currently used exclusively by KTM will almost certainly reduce its cargo operations revenue. Currently, the only bright spark in KTM’s ridership is the Electric Train Service (ETS), initially from Kuala Lumpur to Ipoh, and now extended to the north up to Padang Besar, Perlis and to the south to Gemas in Negeri Sembilan. How much will the completion of the double tracking and electrification project from Gemas to Johor Bahru help increase KTM’s revenue and profitability? Will the double track project upgrading in the Klang Valley increase the reliability of KTM’s service and attract more passengers and revenue for KTM? Will KTM’s relationship with the Railway Asset Corporation (RAC), the statutory body which owns the KTM stations and the tracks, help or harm KTM’s profitability moving forward, as RAC seeks to monetize more and more of its physical assets? This report will examine these issues and by doing so, shed some light on the answer to the question of a viable future for KTM in this country.
    [Show full text]
  • Urban Transport System in Greater Kuala Lumpur
    URBAN TRANSPORT SYSTEM IN GREATER KUALA LUMPUR NUR AYUNI BINTI MAHAMMAD ZIN MINISTRY OF TRANSPORT, MALAYSIA 13 SEPTEMBER 2018 UrbanStrictly Transport Confidential System and for inInternal Greater Use Only KL 2 UrbanStrictly Transport Confidential System and for inInternal Greater Use Only KL To Make Public Transport as the People’s Choice for Mobility towards achieving: • Increase mobility • Economic growth and transformation National : • Vision and Targets Defined Modal share target of 40% in urban areas by 2030 • Setting the Path for LPTIncreased Transformation connectivity in rural areas • Implementing the Policy Greater KL : Modal share currently at of 20-25% target at 40% by 2020 Strictly Confidential and for Internal Use Only Statistics of Land Public Transport In Peninsular Malaysia (2017) TOTAL TOTAL Daily Average Daily Average OPERATORS PERMITS Rail & Bus Rail & Bus Ridership Ridership Inside GKL 81,417 365,853 Outside GKL 1,206,111 316,033 UrbanStrictly Transport Confidential System and for inInternal Greater Use Only KL EXISTING MALAYSIA’S TRANSPORT INFRASTRUCTURE & FACILITIES LENGTH OF ROAD (KM) 1995 2017 61,294 237,022 > 3.5x increase in road network, only 10% of total road network is federal road LENGTH OF RAIL (KM) 1995 2018* Rail 699 1,833 Double track 145 767 Urban rail 12 328 UrbanStrictly Transport Confidential System and for inInternal Greater Use Only KL BACKBONE OF PUBLIC TRANSPORT (PT NETWORK Roles of Urban Rail • To be the main spine of the public transport network • To provide links to the centre of KL .i.e.
    [Show full text]
  • Proceedings of the International Conference on Business Linguistics and Intercultural Business Communication
    Proceedings of the International Conference on Business Linguistics and Intercultural Business Communication November 17-19, 2017 Guangzhou, China The American Scholars Press Editors: Lisa Hale, Ruiqing Liang, Wei Cheng, Jin Zhang, Cover Designer: Wei Cheng Published by The American Scholars Press, Inc. The Proceedings of “The International Conference on Business Linguistics and Intercultural Business Communication” is published by the American Scholars Press, Inc., Marietta, Georgia, USA. No part of this book may be reproduced in any form or by any electronic or mechanical means including information storage and retrieval systems, without permission in writing from the publisher. Copyright © 2017 by the American Scholars Press All rights reserved. ISBN: 978-0-9721479-9-6 Printed in the United States of America 2 Preface The business world is becoming more and more complicated, and stake-holders with diversified concerns and understandings are contesting power and dominance in various professional and workplace settings. The evolution of business communication reflects a linguistic, pragmatic, rhetorical and discursive challenge. Before, the major consideration of companies and corporations was to share information with a narrowly cut and considerably small group of stakeholders (e.g. clients, share-holders, manufacturers, and regulative bodies) on problems of the monetary and managerial dimensions of the business, but, now business professionals have to cater and interact with a much more broad community of business players on issues that cover culture and political fluidity from national and international perspectives. Some argue that the ecology of business is changed because of the increasingly prevailing power of globalization in business sectors and because of the increasingly paramount impact of business activities on the society, culture, nature, and environment across the globe.
    [Show full text]
  • Case Study of Kuala Lumpur Prasarana
    Railway and Transport Strategy Centre The Operator’s Story Case Study: Kuala Lumpur’s Story © World Bank / Imperial College London Property of the World Bank and the RTSC at Imperial College London The Operator’s Story: Notes from Kuala Lumpur Case Study Interviews July 2017 Purpose The purpose of this document is to provide a permanent record for the researchers of what was said by people interviewed for ‘The Operator’s Story’ in Kuala Lumpur. These notes are based upon 6 meetings between 14th-16th March 2016. This document will ultimately form an appendix to the final report for ‘The Operator’s Story’ piece Although the findings have been arranged and structured by Imperial College London, they remain a collation of thoughts and statements from interviewees, and continue to be the opinions of those interviewed, rather than of Imperial College London. Prefacing the notes is a summary of Imperial College’s key findings based on comments made, which will be drawn out further in the final report for ‘The Operator’s Story’. Method This content is a collation in note form of views expressed in the interviews that were conducted for this study. Comments are not attributed to specific individuals, as agreed with the interviewees and Prasarana. However, in some cases it is noted that a comment was made by an individual external not employed by Prasarana (‘external commentator’), where it is appropriate to draw a distinction between views expressed by Prasarana themselves and those expressed about their organisation. List of interviewees Internal Prasarana views: Ahmad Nizam Mohamed, CEO Rapid Rail Megat Khairulazhar Khairodin, Chief Financial Officer Mohd Azharuddin Mat Sah, CEO SPAD Dato’ Mohd Zahir Zahur Hussain, CEO PRIDE Dato’ Ir.
    [Show full text]
  • A Quantile Regression Analysis of Housing Price Distributions Near MRT Stations Mi Diao1, Daniel P. Mcmillen2, and Tien Foo Sing
    A Quantile Regression Analysis of Housing Price Distributions Near MRT Stations Mi Diao1, Daniel P. McMillen2, and Tien Foo Sing3 Date: 23 April 2018 Abstract: This study uses the opening of the new Circle Line (CCL) in Singapore as a natural experiment to test the effects of urban rail transit networks on non-landed private housing values in Singapore. Using the network distance measure and a local-polynomial-regression approach, we observe discontinuity in housing prices at 600 meters radius from the closest CCL stations, and use it to divide the study area into the treatment zone and the control zone. Using the non-landed private property transaction data for the period from 2007 to 2013, we estimate the average treatment effects associated with the CCL opening at 8.96%. Using the quantile version of difference-in- differences (QDID) model, we also find significant distributional treatment effects in different price quantiles. The stronger effects are found in the 50th quantile houses at 9.26%, whereas the treatment effect are smaller in the 10th and 90th quantiles at 4.14% and 6.56%, respectively. When we adjust for spatial spillover in the model, the same distributional effects are still observed, but the magnitude of the quantile treatment effect is smaller. We next adopt the conditional quantile decomposition approach, and show that the price changes are attributed to both compositional changes and also the price elasticity changes. After the opening of CCL, transactions in the treatment area tend to be smaller, but more expensive; but the effects are weaker in the control area.
    [Show full text]