Hospitality Management

Pearson BTEC Level 5 HND in Hospitality Management

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Student Name: LI XIAO YU

Student ID: BTEC HM 39

Module: External Business Environment

Lecturer’s Name: Joseph T. Chan

Executive summary

The report will include the most accurate forecasts about Singapore’s stable and economic climate which creates the idea environment to invest in. includes the following points:

1. Discuss the current structure and operation of the Singapore economy.

2. Analyze the current local government economic policy. Identify its key objectives and effects on the business and service industries

3. Discuss the relation between the distribution of income, wealth, employment, occupant and the provision of business and service operations.

4. Identify and assess the demographic trends that influence employment patterns in business and services industries.

5. Discuss the measures that firms may adopt for minimizing the impact of tight labour supply

6. Analyze the social structures of poople employed in business and service industries.

7. Discuss the structures of people employed in business and services industries.

8. Evaluate the role and influence of the association of Southeast Asian Nation (ASEAN) and its impact on business and service industries in Singapore.

9. Assess the role of pressure groups and their political influence on national and local issues.

10. Analyze the legal framework within the Singapore, identifying the main differences between the English and Singapore systems.

11. Evaluate the affects of legislative process on business and service industries at both local and national level.

12. Assess the different types and characteristics of business that operate within the business and services sector.

13. Discuss the legal processes necessary for formation and dissolution of a registered company in Singapore.

14. Analyze the structure and processes which determine the responsibilities and control within a registered company.

Table of contents

1. Introduction…………………………………………………….……..4

2. The Current Singapore Economy……………………………….…….6

3. The Demographic trends in the Employment…………………….…..8

4. Social structures…………………………………………………...…12

5. Singapore Government………………………………………………13

6. Association of southeast Asian Nation…………………………..…..14

7. Pressure Groups………………………………………………….…..18

8. Singapore Legal Framework …………………………………..……19

9. Legislative process of Singapore…………………………………….22

10. Types to characteristics of business in Singapore……………….…23

11. The formation to dissolution of a Registered company in Singapore

   ………………………………………………………………………26

12. The Responsibility and control of a registered company…………...28

13. Conclusion…………………………………………………………..29

14. Reference……………………………………………………………30

1. Introduction

1.1 History to background

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The series of raids launched by the Chola Empire in the 11th century had weakened the once glorious Malay empire of Srivijaya. Although Greco-Roman astronomer Ptolemy (90–168) identified a place called Sabana in the general area,[2] the earliest written record of Singapore occurs in a Chinese account from the third century, describing the island of Pu Luo Chung. This was itself a transliteration from the Malay name "Pulau Ujong", or "island at the end" (of the Malay Peninsula).[3] The Sejarah Melayu (Malay Annals) contains a tale of a prince of Srivijaya, Seri Teri Buana (also known as Sang Nila Utama), who landed on the island during the 13th century. When he saw a lion, the prince took this as an auspicious sign and founded a settlement called Singapura, which means "Lion City" in Sanskrit.