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  You are in Trade Information > Potential Markets > Republic of Singapore
 
 
Republic of Singapore
Introduction (Basic Data)
Name of Country Republic of Singapore
Land Area 647.5 km (consisting of main island and about 63 off shove islands)
Singapore is situated between latitudes 1 09' N and 1 29' N and longitudes 103 36' E and 104 25' E, approximately 137 kms north of the equator. Peninsular Malaysia is to the north, Sarawak and Sabah to the East and Indonesia to the West and South.
Population 3,044,300 (June 1996)
Population Density:
5,032 persons per sq.km (1997)
Population Composition:
15 years and below - 22.8%
15-60 years - 67.2%
60 and over - 10.0%
Median age of population (1996) - 32.2 years
Sex ratio - 1012 males per 1000 females
Life Expectancy (1997) Total population - 78.15 years
Males - 75.14 years
Females - 81.4 years
Languages Malay, Chinese (Mandarin), Tamil and English are official languages. Malay is the national language and English is the language of administration. More and more Singapore residents are multilingual with more than 45% literate in more than two languages. English is the most spoken language.
Religion
Buddhism, Islam, Hinduism and Christianity
Ethnic Make-up (1996) Chinese - 77.3%, Malays - 14.1%, Indians - 7.3%, Other - 1.3%
Education Adult literacy rate
Males - 96.4%
Females - 87.8%
Enrolment rate for primary, secondary and tertiary education (6-22 years) - 80.5% (1997)
Capital Singapore City
Climate An equatorial country with relatively uniform temperature, abundant rainfall and high humidity throughout the year. The average daily relative humidity is 84.3%. In the afternoons it usually falls between 60 and 70%. There are two main seasons, the North East monsoon season (December to March) and the South West monsoon season (June to September), separated by two relatively short inter-monsoon seasons. Singapore has an average of 180 lightning days a year, particularly from April to November when there are pre-dawn thunderstorms known as sumatras, which strike with frightening intensity at 3 or 4 times a month.
Temperature: 28C - 32C
Public Holidays New Year Day - January 01
Chinese New Year (02 days)
Good Friday - May 01
Labour Day - August 09
National Day - December 25 and 26
Christian, Hindu and Muslim religious holidays including Hari Raya Puasa (Ramazan Festival) and Hari Raya Haj (Haj Festival).
Vesak Day and Deepavali vary from year to year.
Working Hours Government - 8 a.m to 5 p.m (Monday to Friday).
Most businesses - 9 a.m to 5 p.m (Monday to Friday).
Banks - 10 a.m to 3 p.m (Monday to Friday), 11 a.m to 4 p.m on Saturdays and some are open on Sundays from 9.30 a.m to 3 p.m.
Shops - 9.30 a.m to 9 p.m (7 days a week). Appointments must be made in advance and punctuality is important. Visiting cards are essential.
Time Difference with Sri Lanka +2 hours
Visa Requirement Citizens of the Commonwealth countries USA and western Europe do not need visas. Singapore Immigration issues a 14-day visit pass to other visitors, if they meet entry requirements. Where a visa is required, the requirement is relaxed only for some transit passengers. Vaccination certificates are required for travellers who within the preceding 6 days have been in or passed through any country in which yellow fever is prevalent. Polio, hepatitis A, typhoid and tetanus inoculation is required. Immunization against Hepatitis B and diphtheria may also be recommended.
Weights and Measures The metric system is used
Exchange Rate The unit of currency is the Singapore Dollar (s$)
100 cents = 1s$
Exchange rate (1998)
1 US$ 1.70 s$
1 L 2.77 s$
1 s$ 40.01SL Rs.
Government Republic with a parliamentary cabinet system and a unicameral parliament with number of seats fixed at 83.
Conditions bearing on Trade The People's Action Party (PAP) has been in power since independence in 1965. On the back of successful economic policies that produced rapid growth, dominates the country's legislative body and the political situation is extremely stable. Despite a small population and no natural resources, Singapore has promoted economic development actively encouraging foreign investment, drawing on strengths that include its strategic location in Asia, its economic liberalization policies (no exchange controls, no trade restrictions, freedom of corporate activities and free movement of capital and earnings), a skilled workforce, the government's industrial policy and a solid infrastructure.
   
 
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