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Singapore later co-founded the Association of Southeast Asian Nations (ASEAN) on 8 August 1967 and was admitted into the Non-Aligned Movement in 1970. [ 93 ] The Economic Development Board had been set up in 1961 to formulate and implement national economic strategies, focusing on promoting Singapore's manufacturing sector. [ 94 ]
Before 1951, the City Council was known as the Municipal Commission. [1] The rest of the crown colony was under the authority of the Singapore Rural Board. The city served as the capital of Colony of Singapore, and the State of Singapore from 1951 until its abolishment in 1965. [1] [2]
The establishment of a British trading post in Singapore in 1819 by Sir Stamford Raffles led to its founding as a British colony in 1824. This event has generally been understood to mark the founding of colonial Singapore, [1] a break from its status as a port in ancient times during the Srivijaya and Majapahit eras, and later, as part of the Sultanate of Malacca and the Johor Sultanate.
The then Prime Minister Lee Kuan Yew decided to deliver a speech on 6 February to start the year-long series of celebrations, [35] corresponding to the date when the Treaty of Singapore was signed. The government did not only issue commemorative stamps [36] and gold coins [37] but also notably invited the British royal family to attend ...
Singapore slips into recession due to the global financial crisis. World economies hit badly; banks around the world collapse. 16 October: Singapore government guarantees all local and foreign currency fixed deposits with a $150 billion pool for that in view of the financial crisis, joining governments around the world in doing so. 2011: 7 May
In 2010 Singapore imported almost 15 million tons of sand for its projects, the demand being such that Indonesia, Malaysia, and Vietnam have all restricted or barred the export of sand to Singapore in recent years. As a result, in 2016 Singapore switched to using polders for reclamation, in which an area is enclosed and then pumped dry. [303]
The government offered new investors tax holidays of 5–10 years. [6] Singapore's port gave her an advantage over her neighbouring countries, being a favourable spot for efficient exports of refined goods and imports of raw material. This meant that industries in Singapore found international markets easily, and cheaper prices for raw goods.
Wang also reported that the Siamese attacked Temasek (with no specific reference of Long Ya Men or Ban Zu) a few years before he visited, but the fortified city survived the attack which lasted a month. [20] Ruins of the settlement on the hill were still visible in the early 19th century and were described by the Resident John Crawfurd. In 1928 ...