Singapore is located in southeastern Asia, between Malaysia and Indonesia.
2,859,142 (July, 1994 estimate)
Chinese (official), Malay (official and national), Tamil (official), English (official)
Singapore is a republic within the British Commonwealth.
The legal system in Singapore is based on English common law. It has not accepted
compulsory ICJ jurisdiction.
Singapore has good domestic facilities and international services. It has
submarine cables which extend to Malaysia (Sabah and Peninsular Malaysia),
Indonesia and the Philippines. It also has one Indian Ocean INTELSAT
satellite earth station and one Pacific Ocean INTELSAT satellite earth station.
Singapore has an open entrepreneurial economy with strong service and manufacturing
sectors and excellent international trading links derived from its entrepot history. The
economy registered nearly 10% growth in 1993 while stemming inflation. The
construction and financial services industries and manufacturers of computer-related
components have led economic growth. Rising labor costs continue to be a threat to
Singapore's competitiveness, but there are indications that productivity is keeping up. In
applied technology, per capita output, investment and labor discipline, Singapore has
key attributes of a developed country.
Singapore's main industries are petroleum refining, electronics, oil drilling equipment,
rubber processing and rubber products, processed food and beverages, ship repair,
entrepot trade, financial services and biotechnology.
1 Singapore dollar (S$) = 100 cents
Singapore dollars (S$) per US$1 - 1.6032 (January, 1994)
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