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By: Doug Baird-Miller
• Founded as a British trading colony in
• One of the world's most prosperous
countries.
• Strong international trading.
1819.
• Main religions:
Buddhism, Christianity and
Islam.
• Seafood: crabs, clams, squid, and oysters.
• High context culture: nonverbal signs and
indirect suggestions.
• Business is very formal.
• Four national
languages: Mandarin,
Malay, Tamil and English.
• English is the language of choice for
business.
• Singapore Dollar
•Exchange rate: 1 Singapore dollar = 0.8181
US dollars.
•Market Economy
•Unemployment rate: 2%
• Capitalism
• Electronics, chemicals,
financial services.
• Oil drilling equipment, petroleum refining,
rubber processing and rubber products.
• Processed food and beverages.
• Ship repair, offshore platform construction,
life sciences.
• Entrepot trade.
Imports:
• Machinery and equipment, mineral fuels,
chemicals, foodstuffs, consumer goods.
Exports:
• Machinery and equipment (including
electronics and telecommunications).
• Pharmaceuticals and other chemicals,
refined petroleum products.
Import partners:
• Malaysia 10.7%, US 10.7%, China 10.4%,
Japan 7.2%
• South Korea 5.9%, Taiwan 5.9%
Export partners:
• Malaysia 12.2%, Hong Kong 11%, China
10.4%
• Indonesia 10.4%, US 5.4%, Japan 4.5%
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