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Initially, the Singapore dollar was pegged to the pound sterling at a rate of two shillings and four pence to the dollar, or £1 = S$60/7 or S$8.57; in turn, £1 = US$2.80 from 1949 to 1967 so that US$1 = S$3.06.
The exchange rate is an intermediate target of monetary policy in the context of the small and open Singapore economy (where gross exports and imports of goods and services are more than 300 percent of GDP and almost 40 cents of every Singapore dollar spent domestically is on imports), the exchange rate represents a significantly stronger ...
Singapore has one of the lowest fertility rates in the world. [28] In 2012, Singapore total fertility rate (TFR) was 1.20 children born per woman, a sub-replacement fertility rate. Ethnic Chinese had a fertility of 1.07 in 2004 (1.65 in 1990), while Malays had a TFR of 2.10 (2.69 in 1990). Both figures declined further in 2006.
In a 2019 report Public Attitudes Towards Migrant Workers in Japan, Malaysia, Singapore and Thailand by the International Labour Organisation (ILO) and the United Nations Women, a majority (52%) of survey respondents in Singapore felt that crime rates have increased due to immigration although there is little direct evidence to back up the ...
The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. [1]MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts.
SIBOR stands for Singapore Interbank Offered Rate [1] and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). It is similar to the widely used LIBOR (London Interbank Offered Rate), and Euribor (Euro Interbank Offered ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 28 September 2024. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) 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 ...
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]