SINGAPORE

 

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Singapore is a hi-tech, wealthy city-state in south-east Asia, also known for the conservatism of its leaders and its strict social controls. Economic and commercial ties have expanded significantly, particularly after the conclusion of the CECA in 2005. Singapore has become a preferred centre of operations for Indian companies active in the Asia Pacific region. Combined with a good enabling environment, strong air connectivity and the presence of a large Indian community, Singapore has emerged as a key offshore logistics and financial hub for many Indian corporate houses. To mark the milestone 50 years of the establishment of India-Singapore diplomatic relations, Singapore's President Tony Tan Keng Yam undertook a State Visit to India on February 2015.

Shri Narendra Modi, Prime Minister, visited Singapore on 29 March 2015 to attend the State Funeral of Singapore's first Prime Minister Lee Kuan Yew. PM's visit was deeply appreciated by Singapore, as was the observance of a day of mourning in India on 29 March with flag flying half-mast. Prime Minister is scheduled to undertake a visit to Singapore in November 2015
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At a Glance:

 

 

Country Name

 

 

Republic of Singapore

 

 

Area

 

 

616.3 sq.km

 

 

Capital

 

 

Singapore

 

 

Government type   

     

 

Parliamentary Republic    

       

 

Administrative divisions

 

 

None

 

 

National Holidays

 

 

National Day- 9 August

 

 

Fiscal year      

 

 

1 April – 31 March

 

 

Currency     

    

 

Singapore Dollar (SGD)

 

 

President        

 

 

Tony TAN Keng Yam (since 1 September 2011)

 

 

Prime Minister 

 

 

LEE Hsien Loong (since 12 August 2004)

 

 

Population

 

 

5,674,472 (July 2015 est.)

 

 

Net migration rate 

      

 

14.05 migrant(s)/1,000 populations (2015 est.)

 

 

GDP (purchasing power parity)

 

 

$445.2 billion (2014 est.)

 

 

GDP- composition by sector

 

 

Agriculture: 0%

Industry: 25%

Services: 75% (2014 est.)

 

 

Agriculture- Products

 

 

Orchids, vegetables; poultry, eggs; fish, ornamental fish

 

 

Industries    

    

 

Electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade

 

 

Major Exports 

 

 

Machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals, refined petroleum products

 

 

Major Exports- Partners

 

 

Malaysia 12.2%, China 11.8%, Hong Kong 11.2%,         Indonesia 9.9%, US 5.8%, Japan 4.3%, South Korea 4.1% (2013)

 

 

Major Imports

 

 

Machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods

 

 

Major Importers – Partners

 

 

China 11.7%, Malaysia 10.9%, US 10.4%, South Korea 6.4%, Japan 5.5%, Indonesia 5.2%, UAE 4.4% (2013).

 

 

 

Natural resources   

    

 

Fish, deepwater ports

 

 

Languages

 

 

Mandarin (official) 36.3%, English (official) 29.8%, Malay (official) 11.9%, Hokkien 8.1%, Tamil (official) 4.4%, Cantonese 4.1%, Teochew 3.2%, other Indian languages 1.2%, other Chinese dialects 1.1%, other 1.1% (2010 est.)

 

 

Ethnic groups 

 

 

Chinese 74.2%, Malay 13.3%, Indian 9.2%, other 3.3% (2013 est.)

 

 

Climate

 

 

Tropical; hot, humid, rainy; two distinct monsoon seasons - Northeastern monsoon (December to March) and Southwestern monsoon (June to September); inter-monsoon - frequent afternoon and early evening thunderstorms

 

 

Location

 

 

Southeastern Asia, Islands between Malaysia and Indonesia