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Singapore Turns to Service as Global Economy Weakens

September 4th, 2015 10:52 pm

Singapore is counting on its position as an Asian financial hub to bolster services exports as overseas demand for its goods falters amid an uneven global recovery.

The growing importance of services has prompted the government to release quarterly figures on the sector, Ow Foong Pheng, permanent secretary of the Ministry of Trade and Industry, told reporters Tuesday. Services trade rose to almost 27 percent of the total last year from about 20 percent a decade earlier, she said.

That share is set to increase with a rising middle class in the region boosting demand and a planned regional economic community set to lower barriers to trade, the ministry said today. A government push to reduce the island’s reliance on cheap foreign labor is also pushing manufacturers to move into services such as design and research and development.

“The near-term outlook for Singapore’s merchandise exports remains modest,” the trade ministry said in a report today. Overseas sales of services including finance and insurance are “expected to provide support to overall exports growth.”

While economic growth in the U.S. is expected to accelerate, the recovery in the euro area will probably remain weak due to deflationary pressures and a sluggish labor market, the trade ministry said today. Japan’s economy is expected to remain “lackluster” and China’s growth is expected to ease further, it said.

Singapore’s manufacturing industry contracted an annualized 2.5 percent in the fourth quarter from the previous three-month period. Services expanded 7.8 percent last quarter, with finance and insurance surging 36 percent.

Financial and other business services, including accounting and legal practices, make up close to 40 percent of Singapore’s services exports, the trade ministry said.

Services exports expanded 6.7 percent on a compounded annual basis from 2010 to 2014, compared with 2 percent growth in goods shipments in the same period, according to the trade ministry. Total services trade rose 2.4 percent to S$357.3 billion ($264 billion) in 2014, after increasing 8.9 percent the previous year, a separate release showed.

Business Services Singapore

Flight Training Courses at the CFI Academy

November 20th, 2014 10:30 pm

Choosing a flight school is a very personal decision. You will be investing a great deal of time and money throughout your flight training experience. The flight school that you choose will obviously play an important role in the type of pilot that you become.

CFI Academy is a flight instructor training institute which specializes in the training for the initial issue flight instructor certificate applicants (CFI), and flight instructor instrument airplane (CFII) and multi-engine instructor ratings (MEI). At CFI Academy, flight instructor certificates and ratings’ training is all that we do. We believe that by keeping ourselves focused and involved in the CFI courses exclusively, we do a much better job with preparing our applicants for the FAA practical test (checkride), and have our entire infrastructure optimized for best results.

CFI Academy exclusively trains future teachers of aviation – FAA Certified Flight Instructors. The courses offered are:

– Flight Instructor initial certification course (CFI ASE and/or AME)
– Flight Instructor Instrument Airplane and Multi-Engine Instructor add on ratings (Single-Engine add on in case of initial CFI on Multi-Engine)
– Ground Instructor certification courses (BGI, AGI and IGI)
– Flight Instructor Refresher and Re-instatement Course
– Flight Review and Insurance required flight / ground training in our aircraft or customer aircraft
– Instrument Proficiency and Currency flight / ground training
– Checkride preparation courses
– Special Request Courses

You should read the training philosophy and mission statement as well to better understand the service and training quality here.

If for some reason you do not find an answer to something, or need some sort of custom course structure, you can always contact us. If we can not provide you with what you are looking for, maybe we can recommend someone who can.