Singapore City News

About Singapore City

Singapore has a highly developed market-based economy, which historically revolves around extended entrepot trade. Along with Hong Kong, South Korea and Taiwan, Singapore is one of the Four Asian Tigers. The economy depends heavily on exports refining imported goods, especially in manufacturing.

Manufacturing constituted 26 percent of Singapore's GDP in 2005. The manufacturing industry is well-diversified into electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences manufacturing.

In 2006, Singapore produced about 10 percent of the world's foundry wafer output. Singapore is the busiest port in the world in terms of tonnage shipped. Singapore is the world's fourth largest foreign exchange trading centre after London, New York City and Tokyo.

Singapore has been rated as the most business-friendly economy in the world, with thousands of foreign expatriates working in multi-national corporations. The city-state also employs tens of thousands of foreign blue-collared workers around the world.

Singapore is a popular travel destination, making tourism one of its largest industries. About 9.7 million tourists visited Singapore in 2006. The Orchard Road shopping district is one of Singapore's most well-known and popular tourist draws.

To attract more tourists, the government decided to legalise gambling and to allow two casino resorts (euphemistically called Integrated Resorts) to be developed at Marina South and Sentosa in 2005.

To compete with regional rivals like Hong Kong, Tokyo and Shanghai, the government has announced that the city area would be transformed into a more exciting place by lighting up the civic and commercial buildings. Cuisine has also been heavily promoted as an attraction for tourists, with the Singapore Food Festival in July organized annually to celebrate Singapore's cuisine.

Singapore is fast positioning itself as a medical tourism hub — about 200,000 foreigners seek medical care in the country each year and Singapore medical services aim to serve one million foreign patients annually by 2012 and generate USD 3 billion in revenue. The government expects that the initiative could create an estimated 13,000 new jobs within the health industries.

Other Major Cities:

• Ang Mo Kio
• Bedok
• Bishan
• Bukit Batok
• Bukit Merah
• Bukit Panjang
• Bukit Timah
• Choa Chu Kang
• Clementi
• Downtown Core
• Geylang
• Hougang
• Jurong East
• Jurong West
• Kallang
• Marine Parade
• Newton
• Novena
• Outram
• Pasir Ris
• Punggol
• Queenstown
• River Valley
• Rochor
• Sembawang
• Sengkang
• Serangoon
• Tampines
• Tanglin
• Toa Payoh
• Woodlands
• Yishun