Monday, December 30, 2019

How Does Locality Affect The Type And Amount Of Support...

SOCIAL SURVEY TOPIC QUESTION How does locality affect the type and amount of support for people with disability? The topic for this social research assignment is focused on rural, regional and city based people with disabilities. For this paper a disability is defined as a mental or physical impairment that affects a person’s ability to complete day to day tasks. Quantitative research methods will be critically evaluated and explored throughout this paper on the topic of ‘how locality affects the type and amount of support for people with disability’. The aim is to critique and evaluate the quantitative method as the primary means for collecting data relating to the patterns and trends surrounding this social issue. The interest in this topic has been generated by a personal disability and the amount of support received. Therefore, this research will endeavour to understand if and why there is funding gap between areas of Australia. This will be done by seeing if there is a correlation between, age, area, socio- economic status and severity of disability through targeting a quantitative survey towards a population of disabled people and those who work with the disabled. It is important to understand if there is a gap between the amount and type of services provided through a sociological point of view so that the gap in the services provided between different areas of the state can, if possible, be closed. According to Wark, S, Hussain, R, Edwards, H (2013) those thatShow MoreRelatedMs Lou1635 Words   |  7 Pagesarea of safeguarding individuals from abuse. It identifies different types of abuse and the signs and symptoms that might indicate abuse is occurring. It considers when individuals might be particularly vulnerable to abuse and what a learner must do if abuse is suspected or alleged. Learning Outcomes The learner will: 1 Know how to recognise signs of abuse Assessment Criteria The learner can: 1.1 Define the following types of abuse: ï‚ · Physical abuse ï‚ · Sexual abuse ï‚ · Emotional/psychological abuseRead MoreEssay about Understanding Specific Needs in Health and Social Care3749 Words   |  15 PagesIn this essay I will analyse the concepts of health, disability, illness and behaviour in relation to users of health and social care services. I will take a look into how perceptions of specific needs have changed of time. I will also include the impact of legislation, social policy society and culture on the ways that services are made available to individuals with specific needs. This will include me analysing the needs of individuals with specific needs, explain the current system for supportingRead MoreStricter Strict Regulations For Tobacco Control Essay1935 Words   |  8 PagesThe need to enforce stricter regulations for tobacco control by local communities and individual states is the health policy issue being analyz ed. According to The Healthy People (2010) tobacco use and the availability of its products are harmful to our population in various ways, ranked as one of the top ten leading indicators for health concern. The addictive nature of tobacco has created a high demand for their products, boosting the tobacco industry s profits tremendously, and states gainingRead MoreUnit 7 Pass 1- Explain the Principle Sociological Perspectives2768 Words   |  12 Pagesdefines sociology as being ‘how society is organized and how we experience life’. It looks at the different societies, the groups within these, and how they all interact. Society is organised into various different social institutions, which can be built like building block to make our society; families, the education system, the legal system, the healthcare services etc. Social institutions function accordingly with customs, rules and regulations. A family is a group of people who are related to oneRead MoreUnit 2043853 Words   |  16 PagesUnit 204 Principles of safeguarding and protection in health and social care Learning outcomes and assessment criteria Outcome how to recognise signs of abuse Define the following types of abuse: Physical abuse is an act  of another party involving contact intended to cause feelings of physical pain, injury, or other physical suffering or  bodily harm including hitting, slapping, pushing, kicking, or  inappropriate sanctions Sexual abuse  is a  statutory offense that provides that it is a  crimeRead More4222-305 Understand Positive Risk Taking for Individuals with Disabilities (Ld 305)7686 Words   |  31 Pages4222-305 Understand positive risk taking for individuals with disabilities (LD 305) 1. Understand that individuals with disabilities have the same right as everyone else to take risks 1.2 Explain why, traditionally, people with disabilities have been discouraged or prevented from taking risks. In Social Care there is an accountability for the welfare of the individual, whether they are being cared for or enabled to be independent. The enabler has responsibility for the individual, and the CompanyRead MorePhysically Challenged6701 Words   |  27 Pagespersons are of two types. (i) Physically handicapped (ii) Mentally ill. The condition of disability may arise by birth or in accident. Polio, blindness, deafness, dumbness and mental illness may occur by birth or by other incidents or due to ill health. Handicappedness is measured by medical persons in various degrees while they give certificate to the handicapped person. It is estimated that about twelve millions Indians about 1.8 per cent of Indian population have at least one disability or the otherRead MoreEssay on Err Workbook4847 Words   |  20 Pagesany particular order. However, some aspects of the ERR requirements should be completed within three months of starting the apprenticeship to ensure that apprentices are safe to take on the appropriate level of responsibility for the pupils they support. These include, as a minimum, safeguarding, health and safety, data protection and confidentiality. Apprenticeship programmes, therefore, should be carefully planned to ensure coverage of these areas within the first few months. Planning ERRRead MoreThe Information Behavior Of The Elderly6585 Words   |  27 Pagesthe elderly Although many seniors develop new hobbies, participate in community service activities, or even embark on new careers, others are stunted by declining health. Physical and cognitive disabilities can greatly influence the information seeking behaviors of senior citizens. Physical disabilities such as vision impairment and decreases in mobility and manual dexterity limit access to information as well as entire information resources. It is alleged that nearly two-thirds of the legallyRead MoreA Resident Of The United States Of America Essay5193 Words   |  21 Pagesvery difficult to accomplish. Roberto has a disadvantage on his part already since he crossed the border, making his situation more complexed for him to become a resident due to him violating the law. His aspirations are difficult to achieve since he does not have immediate family members that are United States citizen, therefore it is difficult for him to become a United States resident in a fast manner. An alternative t hat may help Roberto become a resident would be if his aunt Celia would file an

Sunday, December 22, 2019

What Is The American Dream - 1407 Words

What is the American Dream? If you ask anyone they will provide you with all types of answers, from making a successful life for one to wishing and hoping that America changes and grows as a whole. Personally I believe that the American Dream is the idea that was put in my head as a small child by parents and the other adults around. For me, this was the motion that in the beginning it’s as simple as going to school and make A’s so that I can be accepted into a good college, and then you must work even harder to graduate college in a timely fashion, all of the sudden that that small dream parents had turns into a rather large personal dream and a drive, have to push yourself to meet all of these goals have set to achieve in life, but those goals have to be met in a certain order and time frame that is seen as â€Å"correct† to your family and society. Additionally, the dream is the hope that you will accomplish abundant things with those goals and become successf ul and well-off, all in an adult lifetime. My definition is that the American Dream is just a set of rules that a person is told and trained to follow in the early years of life. One of the first things that I remember being taught as a child is work hard, nothing worth having will be handed to you. That is a huge part of the American dream because if you are not working hard to achieve your goals you will not accomplish anything in your lifetime. The harder a person works the higher up they go with jobs, income,Show MoreRelatedWhat Is The Dream In The American Dream858 Words   |  4 PagesThe Dream in Of Mice and Men Of Mice and Men is a novel written by John Steinbeck. The book tells a story of how two opposite individuals, George and Lennie cope with their problems as they travel around California in search of ranch work. Throughout the story Steinbeck displays realism. This category of literature is where the author does not sugar coat life. Steinbeck does not â€Å"romanticize the natural world or human nature† (Curry). In doing so in this type of reality many people have a â€Å"dream†Read MoreWhat Is The American Dream?942 Words   |  4 PagesIf asked the question, â€Å" What is the American Dream?†, many people would have a variety of answers. It may depend on many factors including, how one has been raised, their age, socioeconomic factors, and ethnicity. There have been so many changes in our country over the years from the 1900’s until now including wars, racial beliefs and family structures which led to an array of definitions of the American Dream. An A merican Dream can be different for each person. It can be about many factors as weRead MoreWhat Is The American Dream?895 Words   |  4 PagesSince the very first steps taken on American soil, people have dreamt of pursuing the American dream. What is the American dream? Many people believe that the American dream can’t be defined in one simple sentence. To some people the American dream means getting a new car and to others a new home, but for many Americans it has a deeper meaning. As we have seen, equality has been a struggle from the beginning; but it has led to the liberty within the country. The accomplishments that have been madeRead MoreWhat Is The American Dream?1094 Words   |  5 PagesMost Americans are unsatisfied with their lives. So many people live their lives discontented with where they are in life. They are discontented with their status in society, the money they make, goals they have yet to achieve, their profession, how they didn’t complete their schooling, and the list unfortunately goes on. We as Americans have a large advantage in comparison to most societies within the world, we have the freedom to live the American dream. What is the American dream? The DeclarationRead MoreWhat Does It Mean For The American Dream?864 Words   |  4 PagesWhat does it mean to be an American dream? It is a hope of the American people that everyone has a same opportunity to achieve a success through their resolution, originality, and hard-working. Hundreds and hundred years, millions of people all over the world come to America to search and prove the true of an American dream. Unfortunately, in fact, everybody has different opportunities and obstacles to achieve their dream relate to gender, and especially class. Firstly, a gender is an importantRead MoreAnalysis Of The Article Whats Up With The American Dream 994 Words   |  4 PagesWhat does the american dream mean to you? â€Å"The American dream, to me, means having the opportunity to achieve, because I don t think you should be guaranteed anything other than opportunity† (Leny Wilkens). The Article â€Å"Whats up with the American Dream† is all about how the American Dream is changing. It s transitioning from going to school, working hard, and advancing in your career to being handed a job through the connections you have. The thesis in this article is â€Å"We go to school, studyRead MoreWhat Is The Theme Of The American Dream In The Great Gatsby1508 Words   |  7 PagesGatsby†, F. Scott Fitzgerald suggests that the American Dream is illusory and can never be fulfilled. He suggests this concept through Jay Gatsby, Nick Carraway, Daisy Buchanan, Tom Buchanan, and Myrtle Wilson. When these people try to purse this unfulfilling dream, only sadness and failure is left for them to feel. In the 1920’s, everyone was following a never ending train of disappointment and failure know as the American Dream. The American Dream was the belief that through hard work, determinationRead MoreWhat Is John Steinbecks Theme Of The American Dream831 Words   |  4 PagesJohn Steinbeck describes a world where the American Dream was a wonderful dream to live but very difficult to live because of the challenges. In the 1930s, the Great Depression was occurring and it was horrible. During this time it was very disturbing how many people were living because they could not afford anything. The American dream was honesty not very achievable during this time period. Many people John Steinbeck reveals the reality of the 1930s in his novel. Steinbeck’s purpose in writingRead MoreThe American Dream Is What Most People Hope For. People1684 Words   |  7 PagesThe American dream is what most people hope for. People migrate to the U.S. wanting to have a better life and people w ho live in the U.S hope to have a prosperous life. The Tortilla Curtain by T.C. Boyle shows two different couples trying to achieve the American dream and the things that they face to try and get the dream. Reading this you learn that there are many tribulations that people go through in trying to accomplish the American dream. This book enables the audience to view both perspectivesRead MoreLiving The American Dream : What Do You Think?1889 Words   |  8 PagesWhen you hear about living the American dream, what do you think? Is the American dream the ability to go to school wherever you want and accomplish everything you’ve ever wanted to do with a little hard work and elbow grease? America is moving into a modern technological age, removing jobs from American workers and having a large effect on what American factory work is currently based on. The assembly line is a unique concept that gives each employee a certain category or task that they are required

Saturday, December 14, 2019

Correlation between Oil and Gold Prices and the US Dollar Free Essays

Correlation between Oil Gold prices and US dollar The History The forex exchange market is one of the largest and most liquid securities exchanges in the world with over $3. 2 trillion in average daily turnover. This equates to 10 times the average daily turnover of global equity markets and 35 times the average daily turnover of the New York Stock Exchange. We will write a custom essay sample on Correlation between Oil and Gold Prices and the US Dollar or any similar topic only for you Order Now The forex market is open 24 hours a day, 6 days a week, with the EUR/USD accounting for 27% of total turnover. There is plenty of opportunity to make and lose money in currency exchange. The gold standard era in the U. S. officially began with the passing of the Gold Standard Act in 1900. But it was not until World War II that brought about the need for a worldwide standard for currency values and exchange rates. The Bretton Woods Agreement in 1944 established two very important international institutions: the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (now the World Bank). What came from this agreement was that all the world’s currencies would be pegged against the value of gold, and with the U. S. dollar on the gold standard, the U. S. dollar effectively became the world’s reserve currency. The value of gold was fixed at $35 per ounce until the gold standard was effectively withdrawn in 1971 as President Nixon ordered an end to the out-dated system and the price of gold was allowed to â€Å"float†. Now, every major currency is no longer on the gold standard but rather is referred to as â€Å"fiat† currency. This basically means that a country’s own currency is intrinsically worthless because it is not backed by any type of reserve, such as gold. The value each currency is therefore based citizen’s perception of their economy, supply and demand for money in general, and how their currency is compared to other country’s currency. Something to think about though is 40 years ago, the world’s currencies used to be pegged against the price of gold and ultimately the Dollar. Now it would not be a stretch to say that global currency is on an Oil Standard. From 1944 until 1971, US dollars were convertible into gold by central banks in order to adjust for any trade imbalances between countries. Up to that point, the price of gold was fixed at US$35 per ounce, and the price of oil was relatively stable at about US$3. 00 per barrel. Once the US ceased gold convertibility in 1971, OPEC producers were forced to convert their excess US dollars by purchasing gold in the marketplace. This resulted in price increases for both oil and gold, until eventually oil reached US$40 per barrel and gold reached US$850 per ounce. In 1975 when the U. S. Government made a deal with Saudi Arabia and OPEC to only trade oil in U. S. Dollars, their â€Å"partnership† effectively gave the USD a monopoly over all other currencies when it comes to oil trading. The US has enjoyed inexpensive oil-based energy for nearly a century, and this is one of the prime factors behind the unprecedented prosperity of its economy in the 20th century. While the US accounts for only 5 percent of the world’s population, it consumes 25 percent of the world’s fossil fuel-based energy. It imports about 75 percent of its oil, but owns only 2 percent of world reserves. Because of this dependency on both oil and foreign suppliers, any increases in price or supply disruptions will negatively impact the US economy to a greater degree than any other nation. The majority of oil reserves are located in politically unstable regions, with tensions in the Middle East, Venezuela and Nigeria likely to intensify rather than to abate. Because of frequent terrorist attacks, Iraqi oil production is subject to disruption, while the risk of political problems in Saudi Arabia grows. The timing for these risks is uncertain and hard to quantify, but the implications of Peak Oil are predictable and quantifiable, and the effects will be more far-reaching than simply a rising oil price. In the early 1950s, M. King Hubbert, one of the leading geophysicists of the time, developed a predictive model showing that all oil reserves follow a pattern called Hubbert’s Curve, which runs from discovery through to depletion. In any given oil field, as more wells are drilled and as newer and better technology is installed, production initially increases. Eventually, however, regardless of new wells and new technology, a peak output is reached. After this peak is reached, oil production not only begins to decline, but also becomes less cost effective. In fact, at some point in this decline, the energy it takes to extract, transport and refine barrel of oil exceeds the energy contained in that barrel of oil. When that point is reached, extraction of oil is no longer feasible and the reserve is abandoned. In the early years of the 20th century, in the largest oil fields, it was possible to recover 50 barrels of oil for each barrel used in the extraction, transportation and refining process. Today that 50-to-1 ratio has declined to 5-to-1 or less. And it continues to decline. The Correlation between Oil Gold Is there a strong correlation between the prices of gold and oil? It depends on which data are  used to measure. Many price movement studies suggest that the correlation between the two commodity prices over time is quite strong. Typically, these studies rely on data covering extensive periods of time and show that when oil increases in price, gold will inevitably follow. On the other hand, there are correlations calculated from data that show a weak relationship between the two prices. The data in these cases usually cover periods as short as years or months. â€Å"From 1965 to 1994, the monthly correlation between gold and oil weighed in at a  very  impressive +0. 879. From 1995 to 2000, however, this correlation seemingly vanished with a negative 0. 133 reading,† according to a May 2004 article by Zeal LLC. â€Å"Since 2000 though, the historical oil and gold correlation has been restored, now again running positive at +0. 715. †Ã‚  It would seem that gold may be well correlated with oil in the long term, but it is not necessarily so in the short term. While oil prices have exploded and gold prices have shown marked appreciation, protagonists of a tight long-term correlation between the two evoke previous historical price movements such as those in last half of the 1970s. From the mid-1970s to 1980, oil prices rose from around $20 USD per barrel to  more than  $100 USD per barrel in 2008 dollars. Gold followed along and roughly quadrupled in price during that same time period. [pic] The long-term chart above is also very valuable to help visualize just how closely gold and oil prices tend to correlate over strategic time frames. If one looks at major secular trends measured in years, gold and oil pretty much move in lockstep. Yes, they deviate tactically over shorter periods of time as their respective supply-and-demand influences dictate, but over the long run they travel the same path. Their prices tend to oscillate around each other and periodically cross on this chart. Over the entire four-decade span of time charted on this graph, these monthly gold and oil prices have a correlation coefficient of 0. 835 and an R-Square value of 69. 7%. These are very impressive numbers over such a long period of time and really drive home just how closely gold and oil are intertwined. If one focuses his attention on the far right side of this graph, however, a glaring anomaly becomes instantly apparent. Since oil bottomed near $11 in December 1998 ($13 in 2004 dollars) it has surged up dramatically in several subsequent uplegs achieving a mammoth 312% bull-to-date gain. But over the same period of time gold has lagged dramatically, only rallying by 39% or so in nominal terms. So far the gold price has not been able to even attempt to retain parity with oil in recent years. Now the only other similar time in history when oil was strong and gold lagged was in the late 1970s. As this chart reveals, for years gold lagged oil but when it finally did decide to catch up it powered higher with a vengeance. Gold, Oil and Dollar Relationship The answer to this question begins with the historical desire of Arab producers to receive gold in exchange for their oil. This dates back to 1933 when King Ibn Saud demanded payment in gold for the original oil concession in Saudi Arabia. In addition, Islamic law forbids the use of a promise of payment, such as the US dollar, as a medium of exchange. There is growing dissention among religious fundamentalists in Saudi Arabia regarding the exchange of oil for US dollars. Oil, gold and commodities have all been priced in US dollars since 1975 when OPEC officially agreed to sell its oil exclusively for US dollars. Today, apart from geopolitical threats in oil-producing regions, supply/demand imbalances from Peak Oil and increasing demand from developing countries, the price of both gold and oil can be expected to increase as the US dollar declines. With an ever-increasing US money supply, growing triple deficits and mounting debt at all levels, the US dollar is likely to continue the decline that began in 2001. Long term trend analysis shows negative correlation between gold prices and the value of dollar but gold price does not increase proportionately to the diminishing dollar. Market is not so simple that every down-day for the dollar corresponds to an up-day for gold and every up-day for dollar correspond to down day for gold. The effect may not be immediate and the lagging can sometime be attributed to the information gap and time lag which an individual wastes in doldrums not being able how to react to the changes. Daily and weekly fluctuations are not important at all as they don’t give analyst any idea of clear cut trend and interrelationship between them. Inflationary 1970’s saw soaring of gold above $800 while dollar fell. Dollar bounced back in 1980 and rallied before peaking in 1985, while concurrently gold peaked in 1980 and dropped all the way down to $300 during the same 5 years that dollar rallied. The Future of Gold, Oil and Dollar The word â€Å"recession† has been hurled around the biggest financial capitals in the world from New York to London to Tokyo, and no one really wants to be the one to drop the bomb. While all the experts and economists around the world want to debate who is or is not in a recession right now, it is pointless and frankly useless information. The incessant chaos and obvious current state of the global economy is clear cut enough that the world is facing major hurdles in moving forward with our economies. The fact of the matter is, all the major economies are hurting badly and answers are becoming more infrequent and costly as time continues. Amongst a multitude of important topics to discuss in relation to a worldwide recession, the currency markets are a great source of risk and sometimes guaranteed investing opportunities no matter how unpredictable the world’s stock markets are trading. It’s quite clear that over the past six months, the Euro was the place to be if one wanted to lose a lot of money. Sure it was trading at all-time highs versus the Dollar back in May, but with the U. S. slashing interest rates, the Euro has given all of those wonderful gains back and then some, to the tune of 2 year lows. It seemed that an even one-to-one exchange rate was the next stop for the EUR/USD, until the past 10 days when bad went to worse. As bellwether, blue-chip companies continue to fold across the U. S. the only solution the world can come up with is to give them all the money they need to stay alive and skip out on the much publicized Chapter 11. The average U. S. consumer simply cannot handle reality in times of massive financial distress and force the government to hold their hand through this horror movie that is the year 2008. With government money flooding the economy and interest rates on their way to 0% and beyond in the U. S. , inflation is on the brink of exploding and no one is going to want to be anywhere close to a U. S. Dollar. [pic] Oil Relief Rising crude oil prices over the last two years and the general rush to commodities has been a major roadblock for the U. S. Dollar. As discussed above, there has generally been a negative relationship between crude oil prices and the value of the U. S. Dollar. It is no coincidence that as oil prices peaked in May, the Dollar was at all-time lows versus the Euro, and conversely as oil prices have shed over 60% in value since then, the Dollar has rallied against most major currencies. Something that has been a very debatable topic is how crude oil prices have fluctuated so wildly in the past 12 months and the role of speculators in the commodities market. With oil prices falling this year primarily on falling consumption and increasing reserves, how countries like the U. S. and China react to the recent economic turmoil will determine the fate of crude oil prices going through 2009. The recession affecting all the major economies will remain dire without substantial relief in sight in the near future. Provided speculators do not drive the prices up and the recent terrorist attacks in India fail to spread panic in the Middle East, crude prices will remain modest and will not have a major effect on the U. S. Dollar. Nonetheless, if there happens to be a large run-up in oil prices back towards the $100 mark, the Dollar will be back on the defensive. As far as gold is concerned, with such a huge demand for gold coming from around the world, it is no wonder that the price is projected to reach an almost unbelievable $1000 per ounce. One of the biggest importers of gold is China, constituting a large chunk of the price hike. Most of the gold usage is jewellery related. Supply is also a factor. With such a high demand, gold is becoming scarcer. Miners are searching for new sources to combat the possible shortage. The Federal Reserve has a lot of control over the value of the dollar. When it raises interest rates, usually the value of the dollar goes up. Now, with the Fed lowering interest rates in hopes of promoting trade between banks, the value of the dollar is going down and so, the value of gold is going up. How to cite Correlation between Oil and Gold Prices and the US Dollar, Papers

Friday, December 6, 2019

Formula One Singtel Singapore Grand Prix -Myassignmenthelp.Com

Question: Discuss About The Formula One Singtel Singapore Grand Prix? Answer: Introducation The tourism landscape of Singapore has undergone a significant transformation during recent times. Several international events like Formula One Singtel Singapore Grand Prinx (Since 2008) along with new tourism platter like Integrated Resorts (IRs) have cemented the position of Singapore as one of the top tourisms destination round the world (Lee 2012). Singapore, a small island is majorly inclined on international tourists than that of domestic tourisms to earn their major economy. The number of tourists who are paying a visit to Singapore annually and the amount of money they spend on shopping and availing the services are extremely sensitive to external factors and events (Henderson 2012). The mirroring trends of tourism in Singapore showed that amount of visitors arrival in Singapore rose in during 2007 and 2008 and this lead to the increase in Gross Domestic Profit (GDP) by 3% ($8.0 billion) (Lee 2012). However, by the end of 2008, due to global financial crisis, this GDP experi enced a steep drop of 19% ($6.5 billion or 2.4% of nominal GDP). However, during the first three quarters of 2010, GDP experienced a steep increase by 3.5% of the nominal GDP. This increase in GDP is attributed to tourist expenditure like accommodation, cuisines and shopping (Lee 2012). Keeping these economic benefits in mind, government of Singapore started investing on the tourism department. The lead to the foundation of theme park, gaming zones to the Singapores tourism landscape. All these not only contributed to increase in the GDP but also lead the 111,500 new jobs and this amounts to 3.5% of total employment in Singapore (Tsai 2012). According to the latest report (2017) of Singapore Tourism Board (STB), during 2016, the visitors footfall increased by 7.75 to 16.4 million while the tourism receipts increased even higher, reaching the notch of 13.9% to $24.8 billion. This strong tourism receipt came from visitors investment on food, beverages, shopping and accommodation. According to the chief executive of STB, Mr. Lionel Yeo, "We are heartened by the strong tourism sector performance in 2016. Despite challenges such as weaker economic performance in some of Singapore's top source markets and a Zika virus outbreak, Singapore has managed to attract more quality visitors to contribute to economic growth." (Singapore Tourism Board 2016) Some of the significant investment by government in the tourism sector of Singapore include: Singapore Flyer (2008) and Singapore IR (integrated resorts). These two notable investments increased the attractiveness of Singapore in the global scenario with high tourist yield. In addition to diversify tourism offerings of Singapore, efforts have also been undertaken to expand the capacities of existing tourism set-up. For example, Singapores second cruise terminal at Marina South enhanced the ability of Singapore to give a tough competition to the global cruise industry. Efforts have also been given in the field of developing tourism software in order to enhance the tourism experience in Singapore. In the year 2008, Singapore launched the first ISP 25639 standard for the global exhibition industry under the collaboration of SPRING Singapore, Singapore Tourism Board (STB) and Singapore Association of Convection and Exhibition Organisers (SACEOS) (Chang 2014). Government also took initiat ives to increase the Singapore visibility in the world map under the Tourism plan 2015. STB further attracted and inaugurated a chain of iconic events in order to showcase Singapore as a prime destination for foreign visitors like Asia Fashion Exchange, The Formula One Singtel Singapore Grand Prix and The World Gourmet Summit (Lee Yi Chen and Ng 2012). In 2016, STB further took some revolutionary steps in order to increase the demand of Singapore as a tourist spot in the global market and thereby increasing the revenue for this island. In order to target international tourist, mostly from China, STB extended its hand to garland the digital partnership with China. This digital marketing campaign with Tuniu and Ctrip helped Singapore to promote longer mono-Singapore package that enabled Chinese citizens to enjoy Singapore in diverse ways. STB also enabled easy access on numerous digital platform of China like WeChat, Tencent, Mafengwo and Dianping. STB also support 52 technology-related projects via Business Improveent Fund and the Experience step-up Fund. This helped the stakeholders to use the technology to improve their productivity in business-to-business (B2B) collaboration and this further enhanced visitors experience. STB also took initiative to promote Hotel Industry Transformation Map along with vibrant tourism. Some of the examples of vibrant tourism initiatives include permanent digital art gallery, HSBC World Rugby Seven Series and Future World at ArtScience Museum at Marina Bay Sands (Singapore Tourism Board 2016). According to STB, in 2017-2018 outlook, political and economic uncertainties will persist along with increase in regional competition for tourism dollars. Nevertheless, Singapore will gain from the projected tourism growth coming from the Asia-Pacific region (Singapore Tourism Board 2016). Singapore Tourism Board (STB), is the main destination management organisation (DMO) for tourism (Singapore Tourism Board 2017). It has four different division namely tourism, corporate service, tourism marketing, regional marketing and tourism business. All these divisions are included under the ministry of industry and trade. Tourist promotion is the main role of STB. However, STB is also engaged in economic development of tourism industry in Singapore. The principal aim of Singapore is to make tourism the main economic pillar of the country via implementation of the well-thought out strategy in collaboration with private and public sector stakeholders. STB also strives for innovative and exciting experience for the visitors in close partnership with medium and large enterprises. The prime focus area of STB is uplifting the position of Singapore as one of the leading exhibition cities in Asia while developing Singapore as the leading leisure destination in Asia. The main function o f management of STB includes promotion and development of Singapore as an exciting tourist destination via giving effective advice to government in regards to tourism promotion. STB also encourage investments in tourism infrastructure while developing innovative tourism product and destination marketing campaign (Singapore Tourism Board 2017). STB, DMO of Singapore is aware of total system definition of the island as a tourist destination since its destination and this is quite evident from the dynamic tourism policies of Singapore. The tourism management of Singapore has undergone an assorted change over decade and present tourism strategies are dependent on three pillars namely uplifting its position as - leading convection and exhibition city in Asia with firm and flexible business environment, dominating Asian leisure destination and the service centre of Asia (Singapore Tourism Board 2017). Under the brand and marketing strategy, STB has deployed the brand Uniquely Singapore to represent the unique identity of the country which has now evolved as yoursingapore (Singapore Tourism Board 2017). STB has also taken initiatives to communicate the brand image to all overseas and domestic stakeholders along with the political travellers. Singapore has also recognised the potential value of Singapore as a brand and has accordingly solved the matter via implementing professional marketing strategies. It also utilises potential mega events in order to promote the brand and attract international tourist like staging formulae one race and youth Olympic (Singapore Tourism Board 2017). In order to promote brand Singapore as a tourist destination in the virtual world, STB has taken initiatives via disseminating broachers, media advertisements and other online initiatives. For instance, it has promoted Sir Stamford Raffles Statue, People of the River sculptures along with Merlion statut e at Merlion Park as famous photo clicking destination. In order to project Singapore as an approachable destination among the political dignitaries, STB has announced to organise Rotary International Convection on 2024 and this would be one of the largest associations Congress till date (Singapore Tourism Board 2017). In order to transform and promote the hotel industry, STB has come forward to take new initiatives. Under the banner of Hotel Industry Transformation Map, STB introduced four key strategies namely building new business model based in man-power, growing business via internationalization and strong quality pipeline talent and innovation through developing new solutions. This new initiative has led to the 15 awarded solutions along with agreement of 30 new participating hotels to pilot these solutions. 3-year hotel careers campaign increase new job opportunity in the field of hotel management and abroad and this lead to fresh infiltration of multiple young aspiring blood in to Singapore tourism business, paving the way for new development. STB has also host Open Hotel Weekends, it was an open house event in which 22 hotels participated for over 2 week in October 2017 and this fresh participation opened channels for new investment in hotel industry in Singapore from few of the notable ho tel tycoons. STB has also taken new initiatives to transform the travel agents operating in Singapore. The Business Information Playbook served as a resource for the travel agents who are planning to adopt new business model based on the tourism footfall in Singapore. In order to further support the travel agents, STB has also led to the foundation of an online portal for sharing of information. STB has also proposed new plan, green lane, for funding and approval of the travel agents willing to invest in Singapore tourism (Singapore Tourism Board 2017). Thus overall, STB is the main public sector body operating as DMO in Singapore. Its contribution towards Singapore tourism is unparalleled as it projects Singapore as one of the global tourist destination via bringing in effective collaboration from hotels, travel agents, business tycoons and international tourists. References Chang, I.Y., 2014. Critical success factors for international travel fairs, using the Taipei International Travel Fair as an example.Acta Oeconomica,64(Supplement 2), pp.165-176. Henderson, J.C., 2012. Planning for Success: Singapore, the Model City-State?.Journal of International Affairs, pp.69-83. Lee Yi Chen, L. and Ng, W.K., 2012. Formula One Singtel Singapore Grand Prix and the City. In6th Conference of the International Forum on Urbanism (IFoU): TOURBANISM, Barcelona, 25-27 gener(pp. 1-10). International Forum on Urbanism. Lee, C.G., 2012. Tourism, trade, and income: Evidence from Singapore.Anatolia,23(3), pp.348-358. Singapore Tourism Board., 2017.New Initiatives To Advance Transformation across Hotel Industry. [online] Available at: https://www.stb.gov.sg/news-and-publications/lists/newsroom/dispform.aspx?ID=734 [Accessed 21 Jan. 2018]. Singapore Tourism Board., 2017.New Initiatives To Help Travel Agents Transform. [online] Available at: https://www.stb.gov.sg/news-and-publications/lists/newsroom/dispform.aspx?ID=733 [Accessed 21 Jan. 2018]. Singapore Tourism Board., 2017.Singapore Set to Host Rotary International Convention 2024, its Largest Association Congress to Date. [online] Available at: https://www.stb.gov.sg/news-and-publications/lists/newsroom/dispform.aspx?ID=735 [Accessed 21 Jan. 2018]. Singapore Tourism Board., 2017.Sir Stamford Raffles Statue and the People of The River sculptures to undergo routine cleaning from 25-26 January 2018. [online] Available at: https://www.stb.gov.sg/news-and-publications/lists/newsroom/dispform.aspx?ID=738 [Accessed 21 Jan. 2018]. Stb.gov.sg. 2016.Singapore Achieves Record Tourism Sector Performance in 2016. [online] Available at: https://www.stb.gov.sg/news-and-publications/lists/newsroom/dispform.aspx?ID=696 [Accessed 21 Jan. 2018]. Tsai, S.P., 2012. Place attachment and tourism marketing: Investigating international tourists in Singapore.International Journal of Tourism Research,14(2), pp.139-152.