Ref No: MBER 095/030612/04W
Jointly organised by:
10 Hoe Chiang Road
#22-01 Keppel Towers
Singapore 089315
Tel: 6827 6828
Fax: 6827 6807
Email:
[email protected]
Attn: SBF, MNCCI &
SMa Members
SBF Business Mission to Mongolia
30 July – 4 August 2012
The Mission
Following the success of the business mission to Mongolia in June last year, SBF, together with Mongolian National Chamber of Commerce and Industry
(MNCCI), will be organizing a second business mission to Mongolia from 30 July to 4 August 2012. Participants will be visiting prominent Singapore
companies with strong presence in Mongolia to learn about the local operations as well as the abundant business opportunities that have unfolded in
Mongolia over the past few years.
Mongolia
Mongolia is expected to be the world’s fastest growing economy in the next five years. Its economy grew 6.4% in 2010 and 17.3% in 2011, and its GDP
is expected to double in the next five years from US$ 5 billion in 2010, largely due to commodity exports to nearby countries. Mongolia's economy
continues to be heavily influenced by its neighbours.
Over the past years, Singapore and Mongolia have enjoyed friendly relations and developed fruitful cooperation in economic, social and other sectors.
Today, Singapore is one of the largest trading partners of Mongolia in the Southeast Asian region. The total trade turnover between the two countries
has increased from S$ 74 million in 2009 to S$ 104 million in 2011.
Programme
Programme is correct at time of print
Date
Tentative Programme
Items
Est. Costs
30 Jul (Mon)
•
Depart Singapore for Mongolia, Ulaanbaatar
Flight (Economy class; inc. tax)
$1,700 / pax
31 Jul (Tue)
•
•
Hotel (5 nights; single room; 4*
hotel)
$1,000 / pax
•
Courtesy call on Mayor office
Courtesy call on senior government officials from Land Transport &
City Development Authority
Visit to Foreign Investment & Foreign Trade Agency
•
•
•
Visit to APB-MCS-Tiger beer factory
Visit to Nomin Holdings (leading Mongolian retail outlet)
Business meetings with Mongolian state-owned companies
1 Aug (Wed)
Common Costs (inclusive of local land transfers, mission
kits, gifts, networking sessions and other miscellaneous
expenses):
SBF/SMa/MNCCI members: $900 / pax *
Non-members:
$1,100 / pax
2 Aug (Thu)
•
•
•
•
MNCCI Forum
Business networking with MNCCI members
Business networking with PWC
Business networking with Golomt Bank of Mongolia
3 Aug (Fri)
•
•
•
Visit to Real Estate development site
Visit to Mongolia Stock Exchange
Meetings with individual companies (optional)
4 Aug (Sat)
•
Depart Mongolia for Singapore
Est. Total Cost
SBF members:
$3,600 / pax
Non-members:
$3,800 / pax
*2nd participant from SBF/SMa/MNCCI member
company will enjoy a discounted common cost of
$750.
Supported by:
Financial Assistance
Double Tax Deduction (DTD)
The DTD Scheme for Market Development (S14B of the Income Tax Act) aims to encourage Singapore companies to expand their overseas markets. It allows for approved
companies to deduct the eligible expenses incurred for approved projects twice against their taxable income.
• Effective 1 April 2012 onwards, DTD will be allowed to businesses without prior approval from IE or STB on qualifying expenditures activities (including participation in trade
fairs) and subject to a cap of S$100K per year of assessment. Participating company needs to file in income tax assessment otherwise IRAS will not do the double deduction.
• Participating companies are only allowed to apply for expenses not covered by the IMAP grant, e.g. travel and accommodation, for up to 2 representatives per company
Administrative Details
• Please mail this registration form together with a cheque for Common Costs to SBF (10 Hoe Chiang Road, Keppel Towers, #22-01, S(089315)).
- Cheque should be made payable to “Singapore Business Federation”. Please indicate the Ref no., company name, SBF membership no. and participant’s name at
the back of the cheque.
• Confirmation of your registration will be faxed / emailed to your company upon receipt of full payment. We regret that no refund will be made for cancellation or nonattendance. Full fees will be charged for cancellation and non-attendance.
• Payments on airfare and hotel accommodation will be coordinated by the appointed travel agent, whose contact details will be provided to you upon registration.
• For enquiries, please contact Delia Wu, DID: 6827 6849, email: [email protected].
Ref No: MBER 095/030612/04W
REGISTRATION SLIP – Attn: Delia Wu (Closing date: 29 Jun 2012, 12 noon)
Fax: 6827 6807
For Official Use (AH):
Name (Mr/Ms): __________________________________ Designation: __________________________________
Company: ______________________________________________ SBF Membership No.: __________________
Tel: ______________ Fax: _____________ H/P: _______________ Email: _______________________________
Address: __________________________________________________________________ Postal code: _______
Name of contact person: _________________________________ Tel: ______________ H/P: ________________
Industry/Sector & Business Activities: _____________________________________________________________
Serial No: