The advantageous location of the country along with crime free environment which encourages the functioning of free market economy has made Singapore one of the most swiftly progressing states in Asia. Apart from this, due to cheap availability of capable labor and auspicious investment opportunities, the rate of development has enhanced phenomenally. Significant tourist sites in Singapore include Chinatown, Orchard Road and Sentosa Island. Surrounded by 63 islands the area occupied by land in this country is only 682 square kilometers. Nevertheless the small size of the country could not halt the unprecedented establishments that have taken place here. In a period of 150 years Singapore has emerged as a prime hub of finance and economic activities. The port of Singapore is one of the most demanding ports of the world with over 600 tankers, supertankers and container ships arriving every day.
Singapore is a chief distributor of electronic machinery in the world and is rising as a major member in ship construction and revamping. With the presence of more than 130 banks the country is on the way to an economic boom. Commercial functions are further catalyzed by the availability of the most proficient communication amenities which provide swift accessibility to all parts of the world through satellite transmission, round the clock telegraphic system and telephone convenience. All such innumerable and premium services collectively converge on the same point which has caused the advent of the ongoing business.
Quick facts about Singapore:
Singapore was recognized as an independent country after becoming the 117th member of the United Nations.
Singapore constitutes more than 63 islands most of which are still desolate.
It is among the 20 smallest countries of the world occupying an area of 682.7 square kilometers.
Excluding Monaco, Singapore is one of the most heavily populated countries of the world with 6430 people per square kilometer.