Book Report: Singapore Transnational Issue

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[. . .] ). [footnoteRef:26] [26: East and Southeast Asia: Singapore. (2011). Economy Section.]

Inflation Rate

2.6% (2010 est.). [footnoteRef:27] [27: East and Southeast Asia: Singapore. (2011). Economy Section.]

Labor Force Participation

The total number of workers participating in Singapore's labor force: 3.09 million (2010 est.)

Labor force participation by occupation and percents participating in Singapore's labor force:

Agriculture: 0%;

industry: 23.8%

services: 76.2% (2008).

Unemployment in the labor force in Singapore: 2.3% (2010 est.).[footnoteRef:28] [28: East and Southeast Asia: Singapore. (2011). Economy Section.]

Industries

Industries located in Singapore include:

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,[and] entrepot trade. [footnoteRef:29] [29: East and Southeast Asia: Singapore. (2011). Economy Section.]

Percentages not found.

Exports from Singapore include:

Total value in dollars in exports for Singapore: $358.3 billion (2010 est.)

Commodities exported and percentages for Singapore: machinery and equipment (including electronics), consumer goods, pharmaceuticals and other chemicals, mineral fuels. [footnoteRef:30] [30: East and Southeast Asia: Singapore. (2011). Economy Section.]

Percentages not found.

Imports to Singapore include:

Total value in dollars of imports into Singapore: $315.6 billion (2010 est.)

Commodities imported debt in dollars for Singapore: $21.66 billion (31

December 2010 est.) Not Clear. [footnoteRef:31] [31: East and Southeast Asia: Singapore. (2011). Economy Section.]

External Debt

External debt in dollars for Singapore: $21.66 billion (31 December 2010 est.) [footnoteRef:32] [32: East and Southeast Asia: Singapore. (2011). Economy Section.]

Economic Aid to Singapore

Dollar amount of economic aid to Singapore:

source of economic aid to Singapore:

Singapore's Currency

Currency used in Singapore: The Singapore dollar constitutes a free-floating currency, albeit the government pegs its value "to a basket of international currencies, the names of which are a carefully-guarded secret in order to avoid any possible speculation against the Singapore dollar." [footnoteRef:33] [33: Singapore Dollar. Converter Currency. (2100). http://converter-currency.com/singaporedollar currency. Background of the Singapore Dollar Section, ¶ 3. (accessed February 14, 2011). ]

The Singapore dollar is divided into 100 cents. Denominations for coins are 1c, 5c, 10c, 20c, 50c and S$1. Denominations for notes are S$2, 5, 10, 50, 100, 500, 1,000 and S$10,000. [footnoteRef:34] [34: Singapore Dollar. (2100). Background of the Singapore Dollar Section, ¶ 3. ]

Exchange rate relative to the U.S. dollar for Singapore: Singapore dollars (SGD) per U.S. dollar - 1.3702 (2010).[footnoteRef:35] [35: East and Southeast Asia: Singapore. (2011). Economy Section.]

IX. COMMUNICATION SYSTEM IN SINGAPORE

Number of phones in Singapore: Main telephone lines in Singapore total 1.852 million (2009).

Telephone systems in Singapore reportedly provide exceptional service. In the domestic realm, Singapore launched 3G wireless service during February 2005.

Singapore's combined fixed-line and mobile-cellular teledensity equals "more than 180 telephones per 100 persons." [footnoteRef:36] Singapore's international: country code is 65. Singapore has a number of submarine cables that provide links for international telephone service throughout Asia, Australia, Europe, the Middle East, and the U.S. [36: East and Southeast Asia: Singapore. (2011). Communications Section.]

Singapore has four satellite earth stations that VSAT coverage supplements (2008).[footnoteRef:37] [37: East and Southeast Asia: Singapore. (2011). Economy Section.]

Radio broadcast stations in Singapore includes18 domestic radio stations which broadcast with MediaCorp. Singapore's ruling party or the Singapore Armed Forces control more than a dozen radio stations. An additional four stations closely link to the Reservists Association. Numerous Malaysian and Indonesian radio stations, however, are also available in Singapore (2008).[footnoteRef:38] [38: East and Southeast Asia: Singapore. (2011). Economy Section.]

Television broadcast stations in Singapore, as radio stations, are controlled by the state. Singapore has eight domestic TV stations which MediaCorporation operates. A state investment company totally owns these. Malaysian and Indonesian stations broadcast in Singapore; however, the state has banned satellite dishes. [footnoteRef:39] [39: East and Southeast Asia: Singapore. (2011). Economy Section.]

X. TRANSPORTATION IN SINGAPORE

Transportation System in Singapore

Railways in Singapore

Highways in Singapore: Paved: 3,356 km (includes 161 km of expressways) (2009)

Waterways in Singapore

Ports and harbors in Singapore

Airports in Singapore

Number of Airports with paved runways: 8

Number of airports with unpaved runways: 8 (All airports have paved runways. [footnoteRef:40] [40: East and Southeast Asia: Singapore. (2011). Transportation Section.]

XI. MILITARY IN SINGAPORE

Military Branches in Singapore

Singapore Armed forces include: Army, Navy, Air Force (includes Air Defense).[footnoteRef:41] [41: East and Southeast Asia: Singapore. (2011). Military Section.]

Military manpower in Singapore (age at which individual may serve): The ages of 18-21 depict the compulsory age for males to enlist for military service. Males 16 years of age may volunteers for the military. The military in Singapore includes a two-year conscript service obligation as well as "a reserve obligation to age 40 (enlisted) or age 50 (officers) (2008)." [footnoteRef:42] [42: East and Southeast Asia: Singapore. (2011). Military Section.]

Military manpower fit for military service in Singapore:

Males age 16-49: 1,027,701

females age 16-49: 1,097,762 (2010 est.). [footnoteRef:43] [43: East and Southeast Asia: Singapore. (2011). Military Section.]

Military manpower reaching military age annually in Singapore

Male: 27,430

female: 25,918 (2010 est.). [footnoteRef:44] [44: East and Southeast Asia: Singapore. (2011). Military Section.]

Military annual expenditures in dollars, and as a percent of gross domestic product

(GNP) for Singapore: 4.9% of GDP (2005 est.) XII. TRANSNATIONAL ISSUE IN SINGAPORE Issues that potentially affect one transacting business within Singapore include but may not be limited to: Concerns relating to starting a business, securing/implementing construction permits, registering property, obtaining credit, protecting investors, ease of doing business, paying taxes, trading across borders, enforcing contracts, and closing a business (Doing Business 2011, 2011, p. 2). Table ** portrays Singapore's 2011 rankings in these areas out of 183 economies.

Table 2: Singapore's Ranking.[footnoteRef:45] [45: Doing Business in 2011 Singapore. (2011). The International Bank for Reconstruction and Development / The World Bank. http://www.doingbusiness.org/data/exploreeconomies/singapore (accessed February 14, 2011).p. 2.]

Rank

Doing Business 2011

Ease of Doing Business

1

Starting a Business

4

Dealing with Construction Permits

2

Registering Property

15

Getting Credit

6

Protecting Investors

2

Paying Taxes

4

Trading Across Borders

1

Enforcing Contracts

13

Closing a Business

2

According to the International Maritime Bureau, offshore and territorial waters in the South China Sea present a high risk ships and commercial vessels to be robbed and pirated. The danger exist while at anchor in Singapore or underway. Pirates and other criminals frequently disguise the high-jacked and cargo vessels and divert them to ports in East Asia. They also routinely murder or cast crews adrift that they overpower and highjack.[footnoteRef:46] [46: East and Southeast Asia: Singapore. (2011). Transportation Section.]

REFERENCES

Doing Business in 2011 Singapore. (2011). The International Bank for Reconstruction and Development / The World Bank. http://www.doingbusiness.org/data/exploreeconomies/singapore (accessed February 14, 2011).

East and Southeast Asia: Singapore. (2011). The World Factbook. Central Intelligence Agency United States of America. https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html (accessed February 14, 2011).

Elections Department Singapore. Government of Singapore. (2011) http://www.elections.gov.sg/voters.html (accessed February 14, 2011).

Guide Me Singapore. "Introduction to Singapore's Political System." (2011). http://www.guidemesingapore.com/relocation/introduction/singapores-political-system (accessed February 11, 2011).

Maps of World. "Singapore Flag." (2011). http://www.mapsofworld.com/flags/singapore-flag.html (accessed February 11, 2011).

Ministry of Law. "The Singapore Legal System." (2009). http://app2.mlaw.gov.sg/UsefulInfo/TheSingaporeLegalSystem/tabid/259/Default.aspx (accessed February 11, 2011).

"Singapore." The Columbia Encyclopedia, Sixth Edition. The Gale Group Inc. (2008). http://www.highbeam.com/doc/1E1-Singapor.html (accessed February 11, 2011).

Singapore. World Atlas. (2011). http://www.worldatlas.com/webimage/countrys/asia/sg.htm (accessed February 14, 2011).

Singapore Dollar. Converter Currency. (2100). http://converter-currency.com/singaporedollar currency. (accessed February 14, 2011).

Singapore Government. "About the Singapore Government." (2011). http://www.gov.sg/government/web/content/govsg/classic/about_us (accessed February 11, 2011).

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