The document discusses Marina Bay Sands in Singapore and how it relates to principles of governance. It was originally planned to open in phases due to the financial crisis. It contributed to Singapore's economy through tourism, jobs, and attracting foreign investors. While it improved quality of life, it also led to social issues like rising gambling. The principles of leadership, anticipating change, and having stakeholders provide input, were demonstrated in developing Marina Bay Sands through public debate and considering long term challenges.
2. Co n t e n t
Question given
About Marina Bay Sands (what we learned from LJ)
Link to the Principles of Governance
3. Qu e s t i o n
Explain how Marina Bay serves as a model to
the Principle of Governance deployed to help
Singapore sustain its growth in the 21st century.
4. Mar i n a Bay S an d s
How was it planned??
- Initially, it was originally planned to be completed in a
single phase (one distinct stage of development) in 2009
- However, due to financial crisis, the company had to open
it in phases.
Why was it planned that way?
- Designer of MBS, Moshe Safdie, says that the design was
inspired by card desks
- Due to “feng shui”
5. Co n t r i b u t i o n s o f MBS
More tourists
Improved Singapore’s economy
-More jobs (about 30000 jobs throughout
economy)
-IR contributions
-Shopping in MBS
Attract foreign investors
7. Local Brands in MBS:
Some of our local brands like Charles & Keith and Robinsons has
their businesses extended overseas.
Thus, with the contributions of the MBS, it captures the growing
market and improves the tourist industry, increase Singapore’s
revenue as tourists will spend more when they shop in Singapore.
Foreign investors will also invest in Singapore as Singapore is a
reliable and urbanized country with stable economy. This in turn
helps to sustain Singapore’s growth in the 21st century.
8. How has development of MBS improved the
quality of life?
With better economy, better jobs, people can be more
financially stable and their quality of life will improve.
Staffs of MBS are encouraged and trained to be eco-
friendly at work and home, so they will have a more
healthy work environment which improves the quality of
life.
9. What we have learnt from MBS
Trying out new ideas is
important for attracting
foreign investors
Services and tourism are
important for a country’s
economy and growth
However, there are still
disadvantages of the MBS
like social problems. For
example, gamblers in
Singapore are on the rise.
10. So how is this linked to the
Principles of Governance?
11. Leadership is Key
Honest and capable leaders make the right
decisions for the country.
- PM Lee Hsien Loong proposed the idea of have Integrated
Resorts in Singapore and there was a long and intense
debate on this issue. There were people who were against
the idea, for example, Mr. Lee Kuan Yew and Minister for
Home Affairs, Mr. Wong Kan Seng. However, PM Lee has
the foresight to see that the IR will benefit Singapore and
he has the moral courage to do what is right which might
not necessary be popular. Therefore, this describes the
Principle of Governance “Leadership is Key”.
12. Anticipate Change and Stay Relevant
Government must be forward- looking and
proactive to make decisions in anticipation of
future challenges.
- Although there were disadvantages of setting up the
Integrated Resorts, it had nonetheless brought prosperity
and helped Singapore compete against other countries for
tourist dollars. Therefore, leaders must be willing to take
risks and also be able to come up with innovative ideas to
tackle problems.
13. A Stake for Everyone, Opportunities
for All
Giving people a say in decision making process
gives people a sense of belonging to the country.
- The government had a debate on the issue on whether built
the Integrated Resorts in Singapore, this allows the
members of parliament to understand each other’s opinion
and finally make a decision that everyone will agree.
Besides the government, public members also gave their
concerns about the building of casino in the IR. As policies
can be improved after getting the feedbacks, people will be
more willing to support the government.