Discovering Singapore 2022

Economy Singapore’s economy has been ranked by the World Economic Forum as the most open in the world. For a country that lacks natural resources, the country has achieved remarkable growth through embracing globalization, free market capitalism, low corruption and pro- business environment. Singapore has low tax rates and the second highest per-capita GDP in the world in terms of purchasing power. A major financial hub in the Asia Pacific Region, Singapore has long earned the reputation as one of the world’s most advanced economies. Today, its economy is one of the most stable in the world, with no foreign debt, high government revenue and a consistently positive surplus. Business Hours Business hours typically begin between 8:30 and 9:00 a.m. and lunch is taken around noon for 1 hour. The workday ends between 5:30 and 6:00 p.m. Weather Due to its geographical location and maritime exposure, Singapore’s climate is characterized by uniform temperature and pressure, high humidity and abundant rainfall. The average temperature is between 25 degrees Celsius and 31 degrees Celsius. Thunderstorms occur mostly on rainy days. Relative humidity is in the range of 70% - 80%. April is the warmest month, January is the coolest month and November is the wettest month.

Time Zone Singapore lies in 1 time zone:

+ Singapore Standard Time has only one time zone and is eight hours ahead of GMT ( GMT +8 ).

Geographic Overview

Regions Singapore is divided into three main regions and about 38 main postal districts.

+ Core Central Region (CCR): The Core Central Region is located in Singapore’s main prime metropolitan area. This region includes some of Singapore’s most significant national monuments and landmarks and is a bustling tourist destination. It is in close proximity to the Central Business District (CBD). This area is also home to the renowned districts 9,10 and 11 with prime residential housing and developments. The luxurious island of Sentosa is also part of this region. + East Region (ER): The East Region is quite the hub and is the second-most densely populated region of Singapore. However, it has the smallest land area making it a heavy populated area. The East Region is home to Singapore’s Changi Airport and Paya Lebar Airbase. It has lively villages, colourful neighboods, fantastic walkability,

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Discovering Singapore 2022