Recent Comments

| Singapore

Our Operating Environment
The Republic of Singapore is a tiny island state 716.1 sq km in area populated by 5.4 million people. It is one of the world’s leading commercial centers, the fourth largest financial center, and the second largest container port. Its diversified economy depends heavily on trade. It ranks high internationally in education, health care, government transparency, and economic competitiveness.

Singapore is a multiracial multicultural nation with four official languages (English, Malay, Chinese, and Tamil), but English is the working language, reflecting its past as a British colony.

62% of the population are citizens, and of these 23% are foreign born. 38% are permanent residents or foreign workers or students. A big problem that Singapore faces is its low total fertility rate of 0,79 children per woman, well below the 2.1 needed to replace the population. Thus the government has been encouraging immigration over the past few decades to keep the population from declining. Furthermore, Singapore has had to rely heavily on foreign workers to keep the economy going. Foreign workers make up 80% of the construction industry and up to 50% of the service industry.
Differences in language, culture, and social standing, and the isolation of workers in huge dormitories located from residential and shopping areas, make it difficult for most of the foreign workers to integrate well with local colleagues and with Singapore society in general.