With the currently gloomy economic downturn, how can the Maritime and Port Authority of Singapore continue to stay relevant?

News about various establishments closing down and accepting bankruptcy has also been common as of late . Hence , when global businesses become problematic , there is a high chance for the Singapore ports to incur problems as well since the income from these ports is dependent on how active the economy is . This is where the activity and relevance of the MPA , Singapore 's main authoritative branch over maritime matters , come into play . The MPA looks over the needs and actions of both port operators and shipping companies , where their utmost concern is to

be sure not only is sustainability achieved but also improvement (MPA 2009b

In today 's economy , it is required for every business-related sector to take actions so as not to greatly suffer through the economic downturn these actions are also in response to fierce competition . Currently , the MPA takes such actions in the form of rules that it implements . The laws regarding maritime and related matters are all tailored to be supportive towards businesses . In relation to this , taxes are presented in a level so as not to be a significant set back for companies (MPA , 2009c Examples of these business-friendly terms are as follows (1 ) Ship registration in Singapore is not only made easy but also loaded with various benefits , wherein registry is handled by the Singapore Registry of Ships (2 ) in relation to the rules being business-oriented Singapore has provided online means to register a business featuring a low processing fee and fast approval and (3 ) large overseas firms that already possess a vast amount of manpower may easily bring their employees if working passes are acquired (MPA , 2009c . Generally maritime Singapore is well-rounded and appealing for business , but appeal towards the general population of employees is also considered The MPA presents Singapore and its ports...