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This is an accepted version of this page This is the latest accepted revision, reviewed on 3 December 2024. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 5,917,600 (Jun ...
Whereas the traditional IS-LM model deals with economy under autarky (or a closed economy), the Mundell–Fleming model describes a small open economy. The Mundell–Fleming model portrays the short-run relationship between an economy's nominal exchange rate, interest rate, and output (in contrast to the closed-economy IS-LM model, which ...
Mechanics of open market operations: Demand-Supply model for reserves market. Classical economic theory postulates a distinctive relationship between the supply of central bank money and short-term interest rates: central bank money is like any other commodity in that a higher demand tends to increase its price (the interest rate).
It is not a free market process. To intervene in the "business cycle", a central bank may choose to go into the open market and buy or sell government bonds, which is known as open market operations to increase reserves. Open Market Operations are when the central bank buys bonds from other banks in exchange for cheques. These local banks then ...
Shopee was founded in 2015 in Singapore, and subsequently expanded its operations to other countries. [4] As of 2023, Shopee is recognized as the largest e-commerce platform in Southeast Asia, with a total gross merchandise volume (GMV) of $47.9 billion. [5] This figure represents nearly half of the total GMV of the Southeast Asian market. [6]
The STI has a history dating back to its founding in 1966. [1] Following a major sectoral re-classification of listed companies by the Singapore Exchange, which saw the removal of the "industrials" category, the STI replaced the previous Straits Times Industrials Index (abbreviation: STII) and began trading on 31 August 1998 at 885.26 points, in continuation of where the STII left off.
Singapore's unique combination of a strong, soft authoritarian government with an emphasis on meritocracy is known as the "Singapore model", and is regarded as a key factor behind Singapore's political stability, economic growth, and harmonious social order.
She then represented Singapore at the Elite Model Look International 2011 event held in Shanghai, China. [12] [13] In 2012, she was the face of Audi Fashion Festival, a major fashion event in Singapore. [14] In 2014, she became the first model ambassador from Singapore to represent the global beauty brand L'Oreal Paris in Asia.