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Singapore holidays

Information about Singapore

Singapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but separated two years later and became independent. Singapore subsequently became one of the world's most prosperous countries with strong international trading links (its port is one of the world's busiest in terms of tonnage handled) and with per capita GDP equal to that of the leading nations of Western Europe.

Singapore's economy

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to in 2011-13, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

Issues in Singapore

disputes persist with Malaysia over deliveries of fresh water to Singapore, Singapore's extensive land reclamation works, bridge construction, and maritime boundaries in the Johor and Singapore Straits; in 2008, ICJ awarded sovereignty of Pedra Branca (Pulau Batu Puteh/Horsburgh Island) to Singapore, and Middle Rocks to Malaysia, but did not rule on maritime regimes, boundaries, or disposition of South Ledge; Indonesia and Singapore continue to work on finalization of their 1973 maritime boundary agreement by defining unresolved areas north of Indonesia's Batam Island; piracy remains a problem in the Malacca Strait Illicit drugs: drug abuse limited because of aggressive law enforcement efforts; as a transportation and financial services hub, Singapore is vulnerable, despite strict laws and enforcement, as a venue for money laundering

Prices in Singapore (1 SGD = 0.71 USD)
Meal in inexpensive restaurant9.6 SGD
3-course meal in restaurant (for 2)55.4 SGD
McDonalds meal6.93 SGD
Local beer (0.5 draft)6.72 SGD
Foreign beer (0.33 bottle) 7.6 SGD
Cappuccino5.76 SGD
Pepsi/Coke (0.33 bottle)1.53 SGD
Water (0.33 bottle)1.19 SGD
Milk (1l)2.75 SGD
Fresh bread (500g)2.29 SGD
White Rice (1kg)2.82 SGD
Eggs (12) 2.79 SGD
Local Cheese (1kg) 16.21 SGD
Chicken Breast (1kg) 8.36 SGD
Apples (1kg) 3.49 SGD
Oranges (1kg) 3.08 SGD
Tomato (1kg) 2.99 SGD
Potato (1kg) 2.28 SGD
Lettuce (1 head) 1.86 SGD
Water (1.5l)1.79 SGD
Bottle of Wine (Mid-Range) 28.8 SGD
Domestic Beer (0.5 bottle)6.19 SGD
Foreign beer (0.33 bottle) 5.5 SGD
Cigarettes13.86 SGD
One way local bus ticket1.7 SGD
Monthly pass for bus100 SGD
Taxi start3.76 SGD
Taxi 1km0.54 SGD
Taxi 1hour waiting19.7 SGD
Gasoline (1 liter) 2.38 SGD
Utilities for a "normal" apartment179.57 SGD
Tennis Court Rent (1 Hour on Weekend) 12.28 SGD

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