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Overview Singapore, a Southeast Asian city-state off the southern tip of the Malay Peninsula, is highly urbanised but almost half of the country is covered by greenery. That is why it is also referred as Garden Country. The port of Singapore is one of the five busiest ports in the world, most notably being the busiest transshipment port in the world. It is home to more US dollar millionaire households per capita than any other country. Tourism forms a large part of the economy as 10.2 million tourists visited the country in 2007. To attract more tourists, the government legalised gambling and allowed two casino resorts to be developed. Singapore is promoting itself as a medical tourism hub: about 200,000 foreigners seek medical care there each year, and Singapore medical services aim to serve one million foreign patients annually by 2012 to generate USD 3 billion in revenue. . The currency of Singapore is the Singapore dollar, issued by the Monetary Authority of Singapore. Singapore is also an education hub for many foreign students are studying in Singapore. Singapore hosted over 80,000 international students in 2006. The students were mainly from ASEAN, China and India.
Population 5 million
Airport Singapore Changi Airport hosts a network of 80 airlines connecting Singapore to 200 cities in 68 countries. It has been rated one of the best international airports by international travel magazines, including being rated as the world's best airport for the first time in 2006.
Climate Singapore has a tropical rainforest climate with no distinctive season, its relative humidity averages around 79% in the morning and 73% in the afternoon. April and May are the hottest months, with the wetter monsoon season from November to January. From July to October, there is often haze caused by bush fires in neighbouring Indonesia.
Best Season Travel gets sluggish during the months of July and August, when they target the leisure market more aggressively. This is probably your best time to negotiate a favorable rate.
Meeting, Facilities & Amenities
To avoid Peak season for travel falls between December and June, with super-peak beginning in mid-December and lasting through the Chinese Lunar New Year, which falls in January or February, depending on the moon's cycle. During this season, Asian travel routes are booked solid and hotels are maxed out. Favorable deals are rare because much of Asia takes annual leave at this time.
Pros Today, Singapore has a highly developed market-based economy, especially in manufacturing, and includes significant electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences sectors. Singapore has a diversified economy, a strategy which the government considers vital for growth and stability. Along with Hong Kong, South Korea and Taiwan, Singapore is one of the original Four Asian Tigers. The Singaporean economy is known as one of the freest, most innovative, most competitive, most business friendly and least corrupt in the world. The economy heavily depends on the industry and service sectors. Singapore is a world leader in several areas: it is the world's fourth leading financial centre, the world's second biggest casino gambling market, the world's top three oil refining centre The World Bank notes Singapore as the easiest place in the world to do business. Singapore is the 14th largest exporter and the 15th largest importer in the world. The country has the highest trade to GDP ratio in the world at 407.9 percent, signifying the importance of trade to its economy. The country is currently the only Asian country to have AAA credit ratings from all three major credit rating agencies – Standard & Poor’s, Moody’s and Fitch. Singapore attracts a lot of foreign direct investment because of its location, corruption-free environment, skilled work force, low tax rates and advanced infrastructure. There are more than 7,000 multi-national corporations from the United States, Japan, and Europe in Singapore. There are also 1,500 companies from China and another 1,500 from India based in Singapore. Foreign firms are found in almost all sectors of the economy. Singapore also possesses the world's tenth largest foreign reserves.
Cons Waste disposal problem Seasonal smoke/haze problems One of the world’s costliest cities
Tips Accommodation in Singapore is no problem as there are many cheap hotels available. Guaranteed low rates and you can even get 70% discount in some hotels.
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