Saturday, 4 April 2009

First Impression

Stage flag of Singapore

Singapore (Chinese: 新加坡; pinyin: Xīnjiāpō; Malay: Singapura; Tamil: சிங்கப்பூர், Cingkappūr), officially the Republic of Singapore, is an island city-state located at the southern tip of the Malay Peninsula. The microstate lies 137 kilometres (85 mi) north of the equator, south of the Malaysian state of Johor and north of Indonesia's Riau Islands. At 710.2 km2 (274.2 sq mi), Singapore, the smallest nation in Southeast Asia, is by orders of magnitude the largest of the three remaining sovereign city-states in the world (the others being Monaco and Vatican City).

Before European settlement, the island now known as Singapore was the site of a Malay fishing village at the mouth of the Singapore River. Several hundred indigenous Orang Laut people also lived along the nearby coast, rivers and on smaller islands. In 1819 the British East India Company, led by Sir Stamford Raffles, established a trading post on the island, which was used as a port along the spice route. Singapore became one of the most important commercial and military centres of the British Empire, and the hub of British power in Southeast Asia. The city was occupied by the Japanese during World War II, which Winston Churchill called "Britain's greatest defeat". Singapore reverted to British rule in 1945, immediately after the war. Eighteen years later, in 1963, the city, having achieved independence from Britain, merged with Malaya, Sabah, and Sarawak to form Malaysia. However, the merger proved unsuccessful and less than two years later, it seceded from the federation and became an independent republic on 9 August 1965. Singapore joined the United Nations on 21 September that same year. It also became a member of the British Commonwealth of Nations.

Since independence, Singapore's standard of living has risen dramatically. Foreign direct investment and a state-led drive to industrialisation based on plans drawn up by the Dutch economist Albert Winsemius have created a modern economy focused on industry, education and urban planning. Singapore is the 5th wealthiest country in the world in terms of GDP (PPP) per capita. In December 2008, the foreign exchange reserves of this small island nation stood at around US$174.2billion. The Singapore government had for the first time in history tapped into her official reserves and withdrew some S$4.9 billion with the President's approval. The funds were then used as part of the S$20.5 billion Resilience Package unveiled by Finance Minister Mr. Tharman Shanmugaratnam on 05 February 2009. As at January 2009 Singapore's official reserves stood at US$170.3 billion.

In 2009, Economist Intelligence Unit has ranked Singapore the 10th most expensive city in the world in which to live. It is the 3rd most expensive Asian city to live in, after Japanese cities Tokyo and Osaka.

The population of Singapore is approximately 4.86 million. Singapore is highly cosmopolitan and diverse with Chinese people forming an ethnic majority with large populations of Malay, Indian and other people. English, Malay, Tamil, and Chinese are the official languages.

The Constitution of the Republic of Singapore established the nation's political system as a representative democracy, while the country is recognised as a parliamentary republic. The People's Action Party (PAP) dominates the political process and has won control of Parliament in every election since self-government in 1959.


-Information courtesy of wikipedia, as accurate according to date of posting-

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