<< Chapter < Page | Chapter >> Page > |
The Judiciary : The Supreme Court and the Subordinate Courts
The Judiciary administers the law independently of the Executive and this independence is safeguardedby the Constitution.
For more information, visit: SINGOV .
General Literacy rates (15 years and over) (2002): 93.7%
Literacy in two or more languages: 56%
Singapore, a highly developed and successful free market economy, enjoys a remarkably open and corruption-freeenvironment, stable prices, and a high per capita GDP. The economy depends heavily on exports, particularly in electronics andmanufacturing.
Major industries: Shipping, banking, tourism, electrical&electronics, chemicals, and oil refining.
Sectors | Amount S$ (billions) |
Total trade | 432 |
Total imports | 208 |
Total exports | 224 |
Major trading partners: US, Malaysia, Hong Kong, Japan
Labour force: 2,128,500
Employed persons: 2,017,400 (Males: 1,137,100; Females: 880,300)
Unemployment rate: 4.4%
Central Provident Fund : A social security savings scheme in which all employees and their employers contribute apercentage of their salary. Employees below 55 years contribute 20%while employers contribute 13%. Employees 55 years and above contribute at lower rates. In addition to providing security forold age, this fund can also be used for healthcare, home ownership and asset enhancement.
There are 3 million CPF members and their CPF balance stood at S$100.28 billion (as at 30 June 2003)
Wage policies : The National Wages Council made up of representatives from the government, employers groups&trade unions advises the government on wage policies, and issuesguidelines in line with long-term economic objectives. There are 70 registered employees' trade unions and 3 employer unions and onefederation of employee trade union, National Trade Union Congress (NTUC). NTUC works closely with the government and business sectorto look after workers' interest.
Port statistics (2002): Total no. of vessels calling at the Singapore port is 142,745
Airport statistics (up to 2002):
Total number of vehicles in Singapore (2002): 706,956 (of which 406,589 are cars and rental cars)
Forms of public transport : MRT, LRT, Bus, Taxi services
Forms of communications (June 2003):
Total no. of Internet dial-up subscribers : 2,025,700 (48.7%)
Notification Switch
Would you like to follow the 'Innovate2005' conversation and receive update notifications?