Singapore PESTLE Analysis demonstrates how various factors influence the country. Singapore's technological readiness is strong, the physical infrastructure has grown with technology, and the government has a strong logistics backbone to support businesses and others. The 'Legal Factor' in Singapore is that corporate and personal taxes are low, freedom of speech and laws are strict, implementation is rigid, and a national IP protocol is being developed to give companies access to publicly-funded intellectual property. The acronyms are political, Economic, Social, Technological, Environmental, and legal. It is necessary for marketing before any strategy or tactical plan can be implemented.
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Singapore PESTEL Analysis
Technological
The technological readiness in Singapore is strong
The physical infrastructure has grawn with technology
The country has a fine logistics backbone to supportbusinesses
Presence of strong e-governance whice means highertransparency
Environmental
The risks of oil spillage in sea around the country arehigh
Secure waste treatment and disposal is critical inSingapore
Annual average temperature has increased and sealevels are rising
Legal
Corporate and personal taxes are low in Singapore
Freedom of speech and laws are strict andimplementation is rigid
A National IP Protocol is being created to givecompanies access to publicly-funded IP
Social
Asian culture
Literacy levels are high
Eligible workforce for the economy
Education at least at the primary level is mandatory
Average people work in white-collar jobs and pay hightaxes
Cost of living is high
Economic
Resilient Economy
The GDP is projected to grow at 2% in 2019
The inflation level is also low at less than 3%
Corporate taxation is less than 20%
Sigapore is supposed to have the highest per capitaincome
Political
Political Stability
Free Trade Agreements
The overall political risk is low
The overall political risk is low
Singapore PESTLE Analysis
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Singapore PESTEL Analysis
Technological
Environmental
Legal
Social
Economic
Political
Political Stability
Resilient Economy
The risks of oil spillage in sea around the country are
high
The technological readiness in Singapore is strong
Corporate and personal taxes are low in Singapore
Free Trade Agreements
The overall political risk is low
The GDP is projected to grow at 2% in 2019
The inflation level is also low at less than 3%
Sigapore is supposed to have the highest per capita
income
Asian culture
Education at least at the primary level is mandatory
Average people work in white-collar jobs and pay high
taxes
The physical infrastructure has grawn with technology
The country has a fine logistics backbone to support
businesses
Presence of strong e-governance whice means higher
transparency
Secure waste treatment and disposal is critical in
Singapore
Annual average temperature has increased and sea
levels are rising
Freedom of speech and laws are strict and
implementation is rigid
A National IP Protocol is being created to give
companies access to publicly-funded IP
The overall political risk is low
Corporate taxation is less than 20%
Literacy levels are high
Eligible workforce for the economy
Cost of living is high
Singapore PESTEL Analysis
Technological
The technological readiness in Singapore is strong
The physical infrastructure has grawn with technology
The country has a fine logistics backbone to supportbusinesses
Presence of strong e-governance whice means highertransparency
Environmental
The risks of oil spillage in sea around the country arehigh
Secure waste treatment and disposal is critical inSingapore
Annual average temperature has increased and sealevels are rising
Legal
Corporate and personal taxes are low in Singapore
Freedom of speech and laws are strict andimplementation is rigid
A National IP Protocol is being created to givecompanies access to publicly-funded IP
Social
Asian culture
Literacy levels are high
Eligible workforce for the economy
Education at least at the primary level is mandatory
Average people work in white-collar jobs and pay hightaxes
Cost of living is high
Economic
Resilient Economy
The GDP is projected to grow at 2% in 2019
The inflation level is also low at less than 3%
Corporate taxation is less than 20%
Sigapore is supposed to have the highest per capitaincome
Political
Political Stability
Free Trade Agreements
The overall political risk is low
The overall political risk is low
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