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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 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. [3] [4] [2]
This was technically a plurality, as independent candidates won the other three: the SPP became the ruling party of the local representation. The majority of seats were still appointed by the colonial administration. However, the early political leaders in Singapore did not press for self-government.
The failure of the British to defend Singapore had destroyed their credibility as infallible rulers in the eyes of the locals in Singapore. The decades after and during the war saw a political awakening amongst the local populace and the rise of nationalist and anti-colonial sentiments, including a cry for Merdeka ("independence" in the Malay ...
As a result of the agreement, Singapore permanently became distinct and separate from Malaysia with effect from 9 August 1965, and rendered the Malaysia Agreement invalid in regards to Singapore. It also became a member of the United Nations a few weeks later on 20 September with a unanimous decision. [2] The Singapore Act 1966 followed the ...
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
Singapore also wanted to merge with Malaya for economic reasons. Singapore was facing serious unemployment problems in the early 1960s. By merging with Malaya, Singapore believed to be able to overcome the unemployment crisis. Unemployment became the most serious issue for the PAP government when it assumed power to govern Singapore in 1959 ...
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.