August 9th, 2012 | J.C.
Singapore became one of the British Straits Settlements in 1826. Singapore was occupied by the Japanese in World War II and reverted to British rule after the war. It became internally self-governing in 1959. To persuade the British to grant it independence, Singapore joined Malaysia in 1963 and the next two years were spent in impasse. Due to serious cultural and ideological conflicts over many issues, the Malaysian parliament voted to expel Singapore from Malaysia and Singapore became a fully independent state in 1965. Since then it has seen an increase in living standards, and is one of the Four Asian Tigers. The economy is diversified but the twin pillars are the industry and service sectors. Despite its small size, Singapore is a world leader in several areas. It is the world’s fourth-leading financial centre, the world’s second-biggest casino gambling market, the world’s third-largest oil refining centre and one of the five busiest ports in the world. The country has the highest number of US dollar millionaire households per capita, with one out of every six households having more than one million US dollar in disposable wealth, not taking into account properties and businesses. The World Bank notes that Singapore is the easiest place in the world to do business. The country has the world’s third highest GDP PPP per capita of US$59,936, making Singapore one of the world’s wealthiest countries.
HAPPY NATIONAL DAY SINGAPORE !!!
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