Ethnolinguistic composition
Population of Singapore is diverse and is a substantial result of past immigration. The Chinese are dominated, accounting for three-quarters of the total. The Malays are the next largest ethnic group, and the Indians are the third. None of these three major communities are homogeneous. Of the Chinese, more than two-fifths of the Chinese are born in Fujian, and about a quarter of the Xiamen dialect speaks from the city of Shanghai, Guangdong, and a small number are from Guangdong. It comes from other regions. Therefore, the entire Chinese community speaks dialects that cannot be understood from each other. The language differences are less pronounced among Malays, but the group involves Indonesians speaking Javanese, Boyan and other dialects. Indian groups are the most diverse and very Tamils (over half), Malayalis, Sikhs. It also includes the Pakistan and Sinhala communities.
Due to the diversity of this ethnic group, more than four official languages are recognized –English, Mandarin Chinese, Malay, Tamil. English is the main medium of management, commercial and industrial, and is the main language of teaching in schools. Mandarin, the official language of China, transcends dialect barriers and is strongly encouraged to use. A third of the school’s population is taught in that language. Malay is designated as the national language and, like English, is widely used for communication between ethnic groups and plays a particularly useful role considering the close relationship between Singapore and Malaysia.
religion
Religious affiliation reflects ethnic patterns. About two-thirds of Chinese people specialize in some degree of attachment to Conf, Buddhism, or Taoism, or a combination of them. Almost all Malays and some Indians are stuck Islam is the formal religion of about a seventh of the population. The Christian community has grown rapidly, reaching a size comparable to the Muslim population. Almost all Christians are Chinese. Most of the remaining population who practice religion are Hindus, but there are also many Singaporeans who do not have religious affiliations.
Demographic trends
Singapore has a highly urbanized and high population density, but it is also a regional leader in population management. Its birth and population growth rate is lowest in Southeast Asia. The high average life expectancy and low infant mortality rates in Singapore reflect high standards of access to hygiene and excellent health care systems. Lower population birth rates and magnitude of life expectancy increased median age. This is a trend that occurs in other developed countries as well.
economy
One of the great trade entrepreneurs of the British Empire, Singapore has experienced significant economic growth and diversification since 1960. Singapore has the most advanced economy in Southeast Asia and is often mentioned along with other rapidly industrialized countries in Asia, particularly South Korea and Taiwan. Singapore’s economy has always been different from other Southeast Asian economies in that it is primarily dependent on the production and export of goods.
Economic development is closely monitored by the Singapore government and is heavily dependent on foreign investment capital. Multinational corporations. The government owns about three-quarters of all land, and is the main supplier of surplus capital, primarily derived from the contributions to the Central Preservation Fund (CPF) social security savings programme. Furthermore, the government has sought to increase the value and productivity of labor in order to attract investment and increase export competitiveness. This comes with a strong commitment to education and health. Labor shortages and rising wages have led to increased push to further restructure the economy towards higher value-added production.
The rationale for widespread government intervention in economic development is undermining. Formal policies rely on market forces, privatization of government businesses, and more support for private companies in the country. Membership declined as centralized union structures were replaced by smaller industry and enterprise-based unions. There is great trust in local labor management negotiations.
Resources, agriculture, fisheries
Singapore has very few natural resources. There are no natural forests left on the island. Only a small portion of the land area is classified as agriculture, and production contributes to negligible amounts for the economy as a whole. The cultivation is intensive, vegetables and fruits are grown, and poultry is grown for local consumption. Local fisheries only supply a portion of the total requirements for fresh fish. Most of the catch comes from offshore fishing boats. There is also a small aquaculture industry that grows groups, sea bass and shrimp. Singapore is a major exporter of both orchid and aquarium fish.
industry
Since the late 1960s, Singapore has pursued a general policy of export-oriented industrialization. To attract foreign investment, the economy was liberalised and a series of incentives were provided for multinational companies. The main focus of these was the establishment of free trade zones. Gradually, production has diversified from labor-intensive industries such as textiles to highly technological activities such as electronic equipment manufacturing, precision equipment and petroleum refining, bringing much higher value added to production.
Services and sightseeing
Singapore was able to highlight its comparative advantages in knowledge-intensive activities that are less dependent on foreign investment, particularly in communications and information and financial services. Higher productivity and research and development are encouraged through schemes that provide investment credits and allowances. An effective economic strategy was to invest local funds overseas and simultaneously export management skills. Singapore is looking to recruit skilled people, especially Chinese, from the US and China (particularly Hong Kong).
Tourism is becoming increasingly important to Singapore’s economy. The central location of Singapore in Southeast Asia and its excellent air transport facilities are being enhanced by large investments in hotels and shopping centres. It is one of the main attractions along with tax-free shopping and a variety of recreational attractions, as well as a renovated beachfront.
finance
Financial services in Singapore are extremely sophisticated and available through a variety of institutions. There is an increasing number of venture capital markets that provide seed funding to companies developing or implementing new technologies. The government’s financial authorities in Singapore perform all the functions of the central bank other than issuing currency. The focus of Singapore’s growth as an international financial centre is the Asian dollar market, an international fund and capital market in which currencies other than the Singapore dollar are traded essentially. The Development Bank of Singapore is the largest local bank in terms of assets. The Singapore stock exchange is a key component of the region’s financial activities.
