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Singapore
built 622 days ago
The currency of Singapore is the Singapore dollar, represented by the symbol S$ or the abbreviation SGD. The central bank of Singapore is the Monetary Authority of Singapore, responsible for issuing currency. Singapore established the Board of Commissioners of Currency, Singapore, on 7 April 1967[53] and issued its first coins and notes.[54] The Singapore dollar was exchangeable at par with the Malaysian ringgit until 1973.[54] Interchangeability with the Brunei dollar is still maintained.[54][55] On 27 June 2007, to commemorate 40 years of currency agreement with Brunei, a commemorative S$20 note was launched; the back is identical to the Bruneian $20 note launched concurrently.[55][56] A circulation version of the $20 note can be exchanged at banks in Singapore.[57]
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As a city-state, Singapore is one of the world's most densely populated countries with about 12,000 people per sq mi (about 4,600 people per sq km). A massive urban renewal program, begun in the 1960s, has replaced virtually all of Singapore's slums with modern housing units. As a result of family planning and a strict immigration policy, the annual rate of population increase has declined to just over 1%, down from 4.5% in the 1950s. The population is over 75% Chinese; Malays and Indians constitute large minorities. Buddhism, Islam, Hinduism, Confucianism, and Christianity are the religions of Singapore. The country has four official languages—Mandarin, Malay, Tamil, and English—and one of the world's highest literacy rates (a product of a fine uniform education system conducted in all the official languages).
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Singapore has enjoyed virtually full employment for long periods of time. Amid slower economic growth in 2003, unemployment rose to 4.6%. As of end-June 2007, the unemployment rate dropped to 2.3%. Much of the unemployment is structural, as low-skill manufacturing operations move overseas. Since 1990, the number of foreign workers in Singapore has increased rapidly to cope with labor shortages. Foreign workers comprise 30% of the labor force; the great majority of these are unskilled workers.
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Under the Köppen climate classification system, Singapore has a tropical rainforest climate with no distinctive seasons. Its climate is characterized by uniform temperature and pressure, high humidity, and abundant rainfall. Temperatures range from 22 °C to 34 °C (72°–93 °F). On average, the relative humidity is around 90 percent in the morning and 60 percent in the afternoon. During prolonged heavy rain, relative humidity often reaches 100 percent.[31] The lowest and highest temperatures recorded in its maritime history are 18.4 °C (65.1 °F) and 37.8 °C (100.0 °F) respectively. The highest wind speed recorded was 150 km/h (93 mph) on 26 May 2007.
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Singapore's prescribed accounting standards are aligned with the accounting standards issued by the International Accounting Standards Board. The Council on Corporate Disclosure and Governance (CCDG) prescribes accounting standards in Singapore (“Financial Reporting Standards” (FRS)). Companies can deviate from the prescribed accounting standards if such deviations are required to present a “true and fair” set of financial statements. Singapore-incorporated companies whose shares are publicly traded can use certain alternative standards, such as International Accounting Standards (IAS) or U.S. Generally Accepted Accounting Principles (US GAAP), if they are listed on foreign stock exchanges that require these standards. These companies do not need to reconcile their accounts with FRS. Thus, a listed Singapore-incorporated company that is ... listed in the U.S. can prepare its accounts based on U.S. GAAP.
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Singapore is truly a city like no other, a world of possibilities. With its friendly and welcoming people, state-of-the-art infrastructure and something new happening everyday, your stay will be a memorable mix-and-match of all the things you have always wanted to do. Come and enjoy countless fascinating experiences, and take away memories that are uniquely Singapore.
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