LYCOS RETRIEVER
Singapore: Singapore Government
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According to the constitution, as amended in 1965, Singapore is a republic with a parliamentary system of government. Political authority rests with the prime minister and the cabinet. The prime minister is the leader of the political party or coalition of parties having the majority of seats in Parliament. The president, who is chief of state, previously exercised only ceremonial duties. As a result of 1991 constitutional changes, the president is now elected and exercises expanded powers over legislative appointments, government budgetary affairs, and internal security matters.
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The south of Singapore, around the mouth of the Singapore River and what is now the Downtown Core, used to be the only concentrated urban area, while the rest of the land was either undeveloped tropical rainforest or used for agriculture. Since the 1960s, the government has constructed new residential towns in outlying areas, resulting in an entirely built-up urban landscape. The Urban Redevelopment Authority was established on 1 April 1974, responsible for urban planning.
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As of mid-2007, Singapore had a total labor force of about 2.61 million. The National Trades Union Congress (NTUC), the sole trade union federation, comprises almost 99% of total organized labor. Extensive legislation covers general labor and trade union matters. The Industrial Arbitration Court handles labor-management disputes that cannot be resolved informally through the Ministry of Labor. The Singapore Government has stressed the importance of cooperation between unions, management, and government ("tripartism"), as well as the early resolution of disputes. There has been only one strike in the past 15 years.
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Singapore has a successful and transparent market economy. Government-linked companies are dominant in various sectors of the local economy, such as media, utilities, and public transport. Singapore has consistently been rated as the least corrupt country in Asia and among the world's ten most free from corruption by Transparency International.[23]
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Singapore is famous for being a shopper's paradise. There are 2.1 million shopping malls in Singapore, or nearly one for every two citizens. Of these malls, over 2 million of them have the same shops, which makes it easy to find exactly what you are looking for. A new shopping mall springs up at the rate at which someone dies of HIV in the Third World (approx. every 15 seconds). Singapore is not the air-conditioned nation for nothing, and the government aims to maximise the ratio of shops to persons.
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Singapore authorities have placed an increasing emphasis on corporate governance, generally bench-marking local standards to international best practices. In December 1999, the Government established three private sector-led committees to review and enhance the existing framework for corporate law and governance - the Corporate Governance Committee (CGC), the Disclosure and Accounting Standards Committee (DASC), and the Company Legislation and Regulatory Framework Committee (CLRFC). The Committees completed their reviews in March 2001, October 2001, and August 2002, respectively. The government has implemented all the recommendations of the CGC and the DASC, while the CLRFC's recommendations are in the process of being implemented.
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