Research Korner: Singapore Papers

Write a cover letter articulating your love for Singapore, your financial and family stability, your decision to become Singapore Permanent Resident

Write a cover letter articulating your love for Singapore, your financial and family stability, your decision to become Singapore Permanent Resident. Our family’s decision to become Permanent Residents in Singapore lies in what Singapore can offer to our family’s advantage/future.  The range of benefits that comes with PR status in Singapore is plentiful.  Permanent residency in Singapore allows my family and me to live, work, avail of the public education system and buy property. My family and I fell in love with Singapore.  Singapore is exactly what we had always envisioned for our surroundings.  The economy and government is stable, the infrastructure is very good and the support structure is in place and readily available, education system at the public level is advanced, healthcare is the best in Asia, and most importantly for us, Singapore is the melting pot of cultures and races in the country. The entertainment and dining options are limitless in Singapore.  Everything is available for every craving and desires.  Again, my family greatly enjoys the multiculturalism with the variety of food representing the different ethnicities of the country.  The Arts is another aspect of Singapore life which prompts our wanting to become permanent residents.  Performing arts has been something we have also enjoyed.  The shows at the Esplanade are something we look forward to. Singapore is also an ideal location to travel all over Asia and even further a field to Australia, Europe and the Americas as the national carrier, Singapore airlines, does fly to a majority of these continents’ hubs.  Also, many of the international flights do service to Singapore.  There is also the option of cruise ships as some of the cruises do have Singapore as a port-of-call.  Hence Singapore is an ideal location to be at. As a Permanent Resident of Singapore, we can avail of the Housing and Development Board’s Ownership Scheme.  It is certainly cost-effective as there are a lot of restrictions on non-citizens and expats.   Foreigners may only acquire condominiums, flats in buildings of 6 levels or more, a leasehold estate for a term of not more than 7 years.  Apartments cost a lot to rent especially in the downtown areas i.e. Orchard Road.  Educational benefits being a Permanent Resident include being able to put my children in Government, Government-Aided and Independent Schools.  Currently, as non-residents, we must wait for these spots because the first-priority is SC/SPR children.  Not to mention having to go through applications and what-nots via the Ministry of Education and the Immigration Department prior to applying.  There are International schools but they do cost a lot of money with tuitions in the USD 12,000++ category.  Whereas for the Government and Government-Aided Schools, the monthly rates of school fees payable are S$80 for primary, S$130 for secondary and S$240 for pre-university levels.  For the children of SC/SPR, the monthly school fees to these schools are for the first 2 years are S$3 for primary, S$5 for secondary, and S$6 for pre-university levels.  The huge cost difference is another reason to why we would like a Singapore Permanent Resident status. From the financial point of view, Singapore has a top class banking system, a good legal system, tight banking laws, and is well respected globally.  Singapore is also known to have the lowest overall taxation rates in Asia.  Residents are not taxed on income earned overseas and any gains generated from investments made in the country may remain tax exempt.  Furthermore on the financial benefits as a PR is the Central Provident Fund (CPF).   The social security savings scheme will certainly help out in the long-run for my family and me.  Our needs during retirement, healthcare, home ownership, family protection and asset enhancement all falls under the CPF scheme.  Also, as a PR, the contribution rates to the CPF are reduced.  Singapore offers a smorgasbord of benefits and rights to its Permanent Residents.  My family and I would like to take the opportunity to seize this chance to be able to exercise those benefits and rights.

Write a cover letter articulating your love for Singapore, your financial and family stability, your decision to become Singapore Permanent Resident

Write a cover letter articulating your love for Singapore, your financial and family stability, your decision to become Singapore Perman...

An Investigation Of Effective Reward Systems For Employees Of Pharmaceutical Manufacturing Plants In Singapore

EFFECTIVE REWARD SYSTEM FOR EMPLOYEES OF PHARMACEUTICAL MANUFACTURING PLANTS IN SINGAPORE         There are a growing numbers of Pharmaceutical Manufacturing Companies in Singapore because of local and international demand plus the strong government support making them one of the strong industry components of biomedical science in their country. In 2010 they have hosted 15 world class companies in biomedicine. Most of the popular pharmaceutical companies around the world including Glaxo Smithkline, Baxter, Becton Dickinson, Schering Plough, Novartis, Abbott, Pfizer, Lonza Group, Merck Sharp & Dohme and other giant companies have all pharmaceutical research and development plants and laboratories in Singapore. These pharmaceutical companies largely contributed to the economic development; according to their Economic Development Board (EDB) in 2001 these industries produced billion output while enjoying high employment generation for their people. Because of the presence of Pharmaceutical Manufacturing Plants in Singapore they have produced sustainability and employment among their newly graduate students and professionals making their country as a pharmaceutical economic hub for biomedical science.       Novartis Tabletting Plant - One of the latest Manufacturing Plant in Singapore is Novartis tabletting plant opened last October of 2007 in Tuas Biomedical Park, employing 160 personnel that will produce about 3.3 billion different medicines a year. Employees receive base compensation or fixed salary and equal opportunities and training and development including the use of machineries and equipment in the plant. Employees also receive short term incentive plans given every year depending on their performance, including team performance. They are encouraged an option to receive Novartis shares of stock rather than cash payment rewards so that their incentive can grow and leveraged as a part of their savings. They are also given special grants through shares as a part of their equity reward, the long term performance bonuses and rewards are given from managers and executives who have made good contributions in the group. The tabletting plants in Singapore have a Memosen system for the maximum production of their employees.       Genentech Biologics Manufacturing Plant in Singapore – This Pharmaceutical plant can produce or ferment protein cells of E coli plants for patients with wet age related degeneration. E-coli produce lucentis also use for vision loss, their employees receive financial and health benefits including the best compensation package that is above industry. In 2010 they were included in 100 best companies to work for; awarded by Fortune Magazine’s for twelve consecutive years because of the awards and privileges they are giving to their employees all over the world. Their benefits extend to their family they also receive insurance benefits, bonuses, long term benefits, team bonuses, retirement plan, short term and long term disability plan, care and pet insurance. Additionally they can also receive haircuts, car washes, private rooms for pregnant mothers and travel plan or 18 days paid vacation every year. Regular employees who spend six years in their company can receive six weeks off with full payment and benefits and probably one of the best benefits they can have.       Pfizer in Tuas – Pfizer also has one huge Pharmaceutical Plants in Tuas Singapore because they believed that the operating cost in this country is much lower they can also hire highly motivated English speaking employees they have more than 250 employees in their manufacturing plant including technician, engineers, chemist and other professionals. The plant includes full featured advanced technology system and environment friendly machineries for full protection to ensure quality operations making their plant fully automated. Pfizer promise to their employees that they will receive financial sustainability and flexible health benefits while they grow, they also offer rich cultural environment that can produce good working relationship, adaptive environment and full incremental exposure to detailed operations.           Abbott – Also located in Tuas Biomedical Park in Singapore they are one of the largest American based company producing diversified health care product development, discovery, manufacturing and marketing. They have been serving Singapore for more than 70 years and their employees could not ask for more because they have receive equal treatment, base salary higher in the industry and opportunity to grow. Abott highly develop their employees through innovative and individual and team based performance, they are filled with respect, focus and dedication to their works. They are also considered as one of the companies who have a great place to work recognized by Corporate Research Foundation, Business Week, Fortune and Money Magazine. Abott provides all the best resources, technology, education and information to train and develop their employees to gain expertise in their different fields of work.    References:  http://www.emwa.org/JournalArticles/JA_V11_I2_Yeo1.pdf         http://www.pharmaceutical-technology.com/contractors/process_automation/endress-hauser-process/press25.html   http://www.pharmaceutical-technology.com/projects/novartisbio/  http://www.gene.com/gene/careers/gride.html  http://pfizercareers.com/benefits   http://www.abbott.com.sg/      Credit:ivythesis.typepad.com

An Investigation Of Effective Reward Systems For Employees Of Pharmaceutical Manufacturing Plants In Singapore

EFFECTIVE REWARD SYSTEM FOR EMPLOYEES OF PHARMACEUTICAL MANUFACTURING PLANTS IN SINGAPORE There are a growing numbers of Pharma...