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The history of the Republic of Singapore began when Singapore was expelled from Malaysia and became an independent republic on 9 August 1965. [1] After the separation, the fledgling nation had to become self-sufficient, however was faced with problems including mass unemployment, housing shortages and lack of land and natural resources such as petroleum.
Singapore is an important trade partner with Pakistan. Trade volume between the 2 countries is around US$2.5 billion. Singapore exported goods worth US$2.124 billion compared to US$228 million imports from Pakistan. [11] Singapore is also one of the largest investors in Pakistan. [12] with investment around US$2 billion. [13]
This is an accepted version of this page This is the latest accepted revision, reviewed on 15 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) 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 6,040,000 (2024 ...
Singapore became an independent republic on 9 August 1965. By the 1990s, the country had established a highly developed free market economy and strong international trading links. It now has the highest per capita gross domestic product in Asia, [ 2 ] which is 7th in the world, and it is ranked 9th on the UN Human Development Index .
Within Singapore itself, there was little demand for self-government, let alone independence. The communists were the only group that wanted the British to leave, and the communist party was illegal. In fact, the independence movement led by the communists convinced non-communists that British presence was needed to prevent the communists from ...
The English name of "Singapore" is an anglicisation of the native Malay name for the country, Singapura (pronounced), which was in turn derived from the Sanskrit word for 'lion city' (Sanskrit: सिंहपुर; romanised: Siṃhapura; Brahmi: 𑀲𑀺𑀁𑀳𑀧𑀼𑀭; literally "lion city"; siṃha means 'lion', pura means 'city' or 'fortress'). [9]
According to a recent report from Boston Consulting Group, Singapore has the greatest proportion of millionaire households in the world. A first blush, that may sound surprising for the "no gum ...
In the Proclamation of Singapore contained in the Independence of Singapore Agreement 1965 [21] entered into between Malaysia and Singapore, Prime Minister Lee Kuan Yew proclaimed on behalf of the people and Government of Singapore that as from 9 August 1965 Singapore "shall be forever a sovereign democratic and independent nation, founded upon ...