"If you reject the food, ignore, the customs, fear the religion and avoid the people, you

might better stay home." – James A. Michner


Singapore has always been a trade hub for over a millennia
The “Lion city” has always had a tumultuous history, it’s been occupied by several different forces. The British finally arrive in 1819.

Sir Thomas Stamford Raffles is the founding father of modern Singapore. He had the vision of the island as becoming the trade capital of the east. Most importantly, he made Singapore, a forgotten island of 1,000 individuals into a trade capital by making it a Tax heaven and instituting English common law. From 1800 to 1900 the population increased from 1,000 to 100,000. Most them were Chinese who came to control the business world, which they still do. Malay and Indians are still less successful minorities. Singapore became very popular with banks because of its strict common law system. And today Singapore is primarily a financial services city because of it.

Singapore eventually became a “Crown Colony” As WWII approached Singapore became the site of the worlds two largest Dry-docks and a key Royal Navy base. Singapore is severely damaged by a Japanese siege and eventually falls under Japanese control. In 1963 Singapore becomes independent from the British Empire and becomes part of Malaysia, then separates from Malaysia in 1965. First President Lee Kwan You attempts to create “Singaporean” Identity.

General Facts
- A small island - Southeastern Asia -Total land area: 628.7 sq. km

• Climate:
– 137Km north of the equator – wet tropical climate – average annual temperature of 27.2° C (81° F). – Northeast monsoon: DecemberMarch – Southwest monsoon: JuneSeptember
• remember to carry an umbrella with you

lightweight conservative clothing Suits for important meetings and formal events. Businesswomen: knee-length or longer skirts with blouses, and understated make-up.

• Population:
– Total population : 4.68 million – population is concentrated on the Southern part – ethnically diverse:
• Chinese (75.2%) • Malays (13.6%) • and Indians (8.8%)

-English -Mandarin and other Chinese dialects -Malay -Tamil
Religion: -religious freedom -Buddhism -Islam -Hinduism -Confucianism -Taoism -Christianity

• Currency and Foreign Trade.
– The unit of currency is the Singapore dollar – 1.44 Singapore dollars = U.S. $1 – principal trading partners: – U.S. Japan Malaysia, Thailand, China, Taiwan, Saudi Arabia, Germany, and Hong Kong.
• Tourism and international banking are important sources of foreign exchange revenue

Quick Facts:
– Literacy rate: 91.1% of total population are literate – Business Hours:
• Private offices: weekdays 9 a.m.-5 p.m.; Saturdays 9:00 a.m. - 1:00 p.m. • Banks: weekdays 9:30 a.m. -3 p.m.; Saturdays 9:30 a.m. - 1:00 p.m. • Malls: whole week from 10:00 a.m. -10:00 p.m.

– Useful Numbers
• Police 999 • Ambulance 995 • Airport Coach Service (AIRBUS) 542-1721 or 542-1732

– Credit Cards: Visa, Diners Club, Bankard, MasterCard, and American Express are accepted

a)Greetings b)Business Cards c)Tardiness d)Business Meals

a)Be aware of your hosts’ family ties to the company b)Use this to your advantage

Cultural sensitivities
a)Things such as geomancy (Feng Shui) should not be treated as superstitions. b)Adapting to the local practices brings potential advantages to your business venture.

IV.Taboo Subjects
a)Social, political and economic conservatism in Singapore b)Racial, ethnic, religious demographics of Singapore has to be taken into account c)Language and dialects

3. No rash or Negligent driving. (6 months or $1000 fine or both) 4. No obscene words (3 months or fine or both) “wounding religious feelings of any person.”(1 year or fine or both) 5. 3 years in prision and $4,000 fine for stealing Wifi Access. 6. No public smoking, $1000 fine.

Current Events
3. Singapore’s unemployment rate is 1.7% suggesting the economy is over heating and is facing a severe labor shortage. 4. Temasek a Singaporean company is under investigation for monopolization in Indonesia. (the two countries aren’t fond of each other” 5. Plans have been unveiled to build the world’s largest bio-diesel plant in Singapore. 6. Singapore scored higher than the U.S in a recent study for education systems that use English. 7. A group of Singaporean women are climbing Mt. Everest this week.

The End

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