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Singapore

About Singapore

Singapore – The Lion City

The beautiful island of the Republic of Singapore is located at the tip of the Malay Peninsula. Singapore consists of 63 islands, including mainland Singapore. It is both an island and a country; the best description is that of city-state. Its combination of Colonial development and Eastern heritage and culture offers the best of both hemispheres to its residents and its visitors.

Singapore has been Southeast Asia's most modern metropolis for over a century. Its multi-racial, multi-religious and multi-lingual groups are united in the common effort to make Singapore one of the most vibrant and cosmopolitan cities in the world. It is a model of efficiency and plays a vital role in international trade and finance

Alongside Hong Kong, South Korea and Taiwan, Singapore is one of the Four Asian Tigers. The port of Singapore is one of the five busiest ports in the world. Foreign workers make up more than half of the service sector. Known for its great potential to become the technology hub of Asia, Singapore is the most wired country in the region. Singapore is ranked as having the best quality of life in Asia, a feat which is not easily accomplished.

Living conditions in Singapore are amongst the best in Asia with excellent facilities for education, shopping, sports and recreation. It has one of the highest living standards in South East Asia; both daily necessities and luxuries are readily available. The island republic's mind-blowing infrastructure enables visitors to enjoy its many sites and attractions in a safe, clean and green environment and manner.

In 2009, the population of Singapore was just under 4.99 million. Singapore has a diverse population made up mainly of Asians (mostly Chinese, Malays, Indians, Asians of various other descents) and some Caucasians. The population of Singapore has the sixth-highest percentage of foreigners globally, with just over forty percent. The Singapore government recognizes four official languages: English, Malay, Mandarin, and Tamil, English being the main language of the country. Mandarin is the next commonly spoken, followed by Malay and Tamil. Malay is the "national language" of Singapore, a ceremonial rather than functional designation to reflect the country's history.

Buddhism is the most widely practised religion in Singapore, with 33% of the resident population declaring themselves adherents. The next largest - religions, in order of size, are Christianity, Islam, Taoism and Hinduism. Racial and religious harmony has been a crucial part of Singapore's success

Because of its efficient and determined government, Singapore has become a flourishing country that excels in trade and tourism and is a model to developing nations. The country's economy has been ranked amongst the world's ten most open, competitive and innovative. Rated as the most business-friendly economy in the world, Singapore is the world's fourth largest foreign-exchange trading centre after London, New York and Tokyo. The World Bank ranks Singapore as the world's top logistics hub.

Singapore has a highly developed market-based economy that depends heavily on exports and refining imported goods, especially in manufacturing, including significant electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences sectors. Singapore possesses the world's ninth largest foreign reserves. Mass industrialization has bolstered the economy, and today Singapore is considered an economic giant with minimal unemployment and a super efficient infrastructure. Almost the entire population lives in upscale new apartments, and the average per capita income is over US$12,000. Singapore is a clean, safe place to visit, its amenities are second to none and its public places are smoke-free and hygienic. Singapore is a popular travel destination, contributing to the importance of its tourism industry.

Singapore is a parliamentary republic. The bulk of the executive powers rests with the cabinet, headed by the Prime Minister. Singapore has consistently been rated as one of the least corrupt countries in the world by Transparency International.

The currency of Singapore is the Singapore dollar, represented by the symbol S$ or the ISO abbreviation SGD. The central bank is the Monetary Authority of Singapore, responsible for issuing currency.