LYCOS RETRIEVER 
Singapore: Singapore Government
built 650 days ago
The first prime minister of independent Singapore was born on this date in 1923. Lee Kuan Yew led Singapore from 1959 until his resignation in 1990, choosing to remain in the government as a senior minister and minister mentor. Lee is credited with creating equal rights for women, industrializing his country and raising the standard of living for Singapore's citizens. The third and current prime minister of Singapore is Lee's son, Lee Hsien Loong.
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Singapore has no minimum wage law; the government follows a policy of allowing free market forces to determine wage levels. Singapore has a flexible wage system in which the National Wage Council (NWC) recommends non-binding wage adjustments on an annual basis, and largely based on prevailing economic and employment conditions. The NWC is a tripartite body comprising a Chairman and representatives from the Government, employers and unions. The 2003/2004 NWC comprised 15 members: the Chairman, five union representatives, five employer representatives, and four Government representatives. The NWC recommendations apply to all employees in both domestic and foreign firms, and across the private and public sectors. While the NWC wage guidelines are not mandatory, they are widely implemented.
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Singapore is governed under the constitution of 1959 as amended. The country has a parliamentary form of government. The president, who is head of state, is popularly elected for a six-year term. The government is headed by the prime minister, who is appointed by the president. The unicameral legislature consists of the 84-seat Parliament, whose members are popularly elected for five-year terms; additional members may be appointed. The supreme court, the nation's highest judicial body, has seven members.
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The recent proposed addition to Singapore's tourist offerings has been a hot topic of discussion. Integrated resorts - ... known by their actual name, "casinos(beds included)" - have many old aunties in a flap about the idea that their husbands might go and gamble their life savings away. This is a humongous issue because most Singaporeans have never heard of the concept of personal responsibility and could not possibly be expected to be accountable for their own actions. However, the government values a vibrant economy over the twenty five bucks in some old man's bank account, and so by 2015, Singapore plans to have trapped more outsiders in casinos than any other shopping complex in the world.
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Singapore is a republic with a Westminster system of unicameral parliamentary government representing different constituencies. The bulk of the executive powers rests with the Cabinet, headed by the Prime Minister. The office of President of Singapore, historically a ceremonial one, was granted some veto powers as of 1991 for a few key decisions such as the use of the national reserves and the appointment of judiciary positions. Although the position is to be elected by popular vote, only the 1993 election has been contested to date. The legislative branch of government is the Parliament.
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The Singapore government promotes its regulatory environment as one that is business-friendly, with transparent and clear regulations. Tax, labor, banking and finance, industrial health and safety, arbitration, wage and training rules and regulations are formulated and reviewed with the interests of foreign investors and local enterprises in mind. A Rules Review Panel, comprising top civil servants, oversees a process that will review all rules and regulations by March 2005, and thereafter every five years. A standing Pro-Enterprise Panel, comprising high level public sector and private sector representatives, looks into feedback from businesses on regulatory issues.
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