Country profile singapore

Singapore Sanskrit Singapura--Lion City; pop. Southeast Asia, islands between Malaysia and Indonesia.

Country profile singapore

Investment in infrastructure for example, development of Changi Airport and a high-speed rail link with Malaysia provides moderate support. Growth in Country profile singapore, finance and insurance is slowing.

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The softer market is due to the large stock of unsold homes. Tighter mortgage curbs also appear to be cooling demand. The real value of private final consumption rose by 4. Demographic forecasts suggests that the number of those 65 years and more will triple by while the number of those of working age years will begin to decline after The potential rate of growth will fall owing to slower growth of the labor force.

It is the 14th largest exporter and the 16th largest importer in the world.

Country profile singapore

Inthe U. Singapore is at the cross-roads of major air and sea routes within the Asia Pacific region and serves as a hub and major transshipment center for much of the Southeast Asian region and the Indian subcontinent.

It also serves as a regional food showcase and headquarter for international food and agricultural related companies.

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Singapore is almost entirely dependent on imports for all of its food requirements with virtually no local agricultural production. As the market for consumer-oriented products is very open and easily accessible, there is fairly quick entry for new comers.

Competition in some of the consumer product categories is very intense. High growth products in the forecast include baked goods, ice cream and frozen desserts, confectionery, savory snacks, sweet biscuits snack bars and fruit snacks, dairy products and breakfast cereals.

Most of the food retail sales in Singapore take place in hypermarkets, supermarkets and modern mini-marts.

Sim S. Lim – DBS Bank Singapore Country Head

Online grocery shopping is only popular among busy working adults who do not have to do physical grocery shopping, as consumers generally prefer to shop physically at supermarkets and convenience stores as they highly accessible, and conveniently located Generally, the large supermarket chains and several up-market retailers import western-type products directly from source countries, consolidators and distributors for their own outlets, while smaller retailers buy from local distributors.

Products imported directly include juices, jams, confectionery, biscuits, snack products, salad dressings, pre-packed deli meats and fresh temperate fruit, although it can be anything now if the volume warrants direct importation and cutting off the middleman.

Products procured from local importers would include products from the Asian region, dry groceries, tropical fruit, frozen chicken and chicken parts, frozen beef, local sauces and ethnic foods.

Dairy Farm International Holdings with their Cold Storage brand stores target principally the middle and higher income groups, while NTUC cater to the mass-market group. The largest supermarket chain in terms of number of supermarket retail stores is the Dairy Farm International Holdings with supermarket stores, comprising of 53 Cold Storage supermarket retail stores, 5 premier Market Place stores, 5 Specialty stores and 29 Giant Express, 22 Giant Supermarkets and 8 Hypermarkets.

Nine of their outlets are located in upper middle-income residential areas and customers to these outlets are principally expatriates and upper middle-income residents.Established in , Seletar Country Club has now became one of the finest club for golf, sports and social activities in the country.

More information about Singapore is available on the Singapore Country Page and from other Department of State publications and other sources listed at the end of this fact sheet..

U.S.-SINGAPORE RELATIONS. For more than half a century, the United States and Singapore have forged an expansive and enduring relationship based on mutual economic interests, robust security and . BBC Country Profiles: instant guide to history, politics and economic background of countries and territories, and background on key institutions.

Singapore is a wealthy city state in south-east Asia. Once a British colonial trading post, today it is a thriving global financial hub and described as one of Asia's economic "tigers". It is also. With member countries, staff from more than countries, and offices in over locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

Country profile singapore

Complete profile for Singapore. Includes country demographics, geography, government, economy, telecommunications, transportation, military, and transnational issues.

Key Development Forecasts for Singapore