The main sources of income for the Singaporean economy are the exports (electronics, chemicals and services) and imported goods (that is a part of 26% of Singapore's GDP). The opening of the state's first casino caused an increase in the economy too which caused the country to purchase goods and resources that it never had. Singapore has no significant natural resources and as it operates the third largest oil refinery in the world it needs to buy raw materials from other countries and it gets its own from Saudi Arabia and due to its high developed market it ships the final products made to its neighbouring countries (US, Malaysia, china, Japan, Indonesia, south Korea).
Continues the story of Singapore Network Services Pte . Ltd (SNS), which was created to initiate and manage value-added networks for trade and other aspects of the trade in the island state of Singapore. SNS built its TradeNet the development and implementation of networks for other sectors of the Singapore economy, mainly in profit partnerships with government agencies and industry associations. New EDI networks were developed in the field of health, legal, retail and manufacturing industries. "Hide
by Lynda M. Applegate, Boon Siong Neo, John King Source: Harvard Business School 10 pages. Publication Date: March 25, 1993. Prod. #: 193136-PDF-ENG