|
Monetary Authority Of Singapore
The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. History The MAS was founded in 1971 to oversee various monetary functions associated with banking and finance. Before its establishment, monetary functions were performed by government departments and agencies. The acronym for its name resembles ''mas'', the word for 'gold' in Malay, Singapore's national language – although the acronym is pronounced with each of its initial alphabets. As Singapore progressed, an increasingly complex banking and monetary environment required more dynamic and coherent monetary administration. Therefore, in 1970, the Parliament of Singapore passed the Monetary Authority of S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Singapore
The Government of Singapore is defined by the Constitution of Singapore to mean the executive branch of the state, which is made up of the president and the Cabinet. Although the president acts in their personal discretion in the exercise of certain functions as a check on the Cabinet and the Parliament, their role is largely ceremonial. It is the Cabinet, composed of the prime minister and other ministers appointed on their advice by the president, that have the general direction and control of the government. The Cabinet is formed by the political party that gains a simple majority in each general election. A statutory board is an autonomous agency of the Government that is established by an Act of Parliament and overseen by a government ministry. Unlike ministries and government departments that are subdivisions of ministries, statutory boards are not staffed by civil servants and have greater independence and flexibility in their operations. There are five Communi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deputy Prime Minister Of Singapore
The deputy prime minister of Singapore is the deputy head of government of the Republic of Singapore. The incumbent deputy prime ministers are Heng Swee Keat and Lawrence Wong, who took office on 1 May 2019 and 13 June 2022 respectively. History The deputy prime minister is the second highest post, and is a senior Cabinet minister in Singapore. Since the mid-1980s, Singapore has had two deputy prime ministers at a time. The holder will sometimes assume the role of acting prime minister when the prime minister is temporarily absent from Singapore. The office of Deputy Prime Minister dates back to 1959 and was first appointed by the Governor of Singapore and later the ''Yang di-Pertuan Negara'', when Singapore attained self-governance from the British Empire. The title of Deputy Prime Minister remained unchanged after the merger with the Federation of Malaya, Sarawak and North Borneo to form Malaysia, while Singapore was a federated state of Malaysia between 1963 and 196 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Import
An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions. History Definition Imports consist of transactions in goods and services to a resident of a jurisdiction (such as a nation) from non-residents. The exact definition of imports in national accounts includes and excludes specific "borderline" cases. Importation is the action of buying or acquiring products or services from another country or another market other than own. Imports are important for the economy because they allow a country to supply nonexistent, scar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ''exporter''; the foreign buyer is an '' importer''. Services that figure in international trade include financial, accounting and other professional services, tourism, education as well as intellectual property rights. Exportation of goods often requires the involvement of customs authorities. Firms Many manufacturing firms begin their global expansion as exporters and only later switch to another mode for serving a foreign market. Barriers There are four main types of export barriers: motivational, informational, operational/resource-based, and knowledge. Trade barriers are laws, regulations, policy, or practices that protect domestically made products from foreign competition. While restrictive business practices sometimes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Countries By Trade-to-GDP Ratio ...
The following list sorts countries and territories by their trade-to-GDP ratio according to data by the world bank. Taiwan is not included. List Countries sorted by exports, imports and total trade (external trade rate) of goods and services as a share of the gross domestic product of the same year. Since GDP is only the value added domestically, it may happen that small countries export more than is produced in the country and/or import more than is consumed in the country and the external trade rate is thus over 100%. The ratios of import-to-GDP and export-to-GDP are taken from World Bank, and the trade-to-GDP ratio is calculated as their sum. References {{Finance country lists Trade-to-GDP ratio The trade-to-GDP ratio is an indicator of the relative importance of international trade in the economy of a country. It is calculated by dividing the aggregate value of imports and exports over a period by the gross domestic product for the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tharman Shanmugaratnam At The Official Opening Of Yuan Ching Secondary School's New Building, Singapore - 20100716 (cropped)
Tharman Shanmugaratnam (Tamil: தர்மன் சண்முகரத்தினம்; born 25 February 1957) is a Singaporean politician and economist who has been serving as Senior Minister of Singapore since 2019 and has also been Coordinating Minister for Social Policies since 2015 and also chairman of the Monetary Authority of Singapore since 2011. A member of the governing People's Action Party, he has been the Member of Parliament (MP) representing the Taman Jurong division of Jurong GRC since 2001. He has also been serving as Deputy Chairman of GIC. An economist by profession, Tharman had worked in both the public and private sectors, both domestic and abroad. He has spent most of his working life in public service, in roles principally related to economic and social policies. Tharman previously led the G20 Eminent Persons Group on Global Financial Governance and had chaired the International Monetary and Financial Committee (IMFC), the International Monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goh Chok Tong
Goh Chok Tong (; born 20 May 1941) is a Singaporean former politician who served as Prime Minister of Singapore between 1990 and 2004, and Secretary-General of the People's Action Party between 1992 and 2004. He was the Member of Parliament (MP) for Marine Parade SMC between 1976 and 1988, and Marine Parade GRC between 1988 and 2020. Prior to his appointment as prime minister, he was the country's deputy prime minister, where he advocated for the Medisave, a scheme that allows Singaporeans to set aside part of their income into a Medisave account to meet future medical expenses. Goh also advocated for the Edusave Awards, a monetary reward for students who did well in school based on either their academic or character, to enshrine meritocracy. During his tenure as prime minister, political reforms like the introduction of Non-Constituency Members of Parliament (NCMP), to allow more oppositions into Parliament, Group Representation Constituency (GRC), to make sure that the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lee Hsien Loong
Lee Hsien Loong (; born 10 February 1952) is a Singaporean politician and former brigadier-general who has been serving as Prime Minister of Singapore and Secretary-General of the People's Action Party since 2004. He has been the Member of Parliament (MP) representing the Teck Ghee division of Ang Mo Kio GRC since 1991, and previously Teck Ghee SMC between 1984 and 1991. Born in Singapore during British colonial rule, Lee is the eldest son of Singapore's first prime minister, Lee Kuan Yew. He graduated from Trinity College, Cambridge in 1974 with a Bachelor of Arts with first class honours degree in mathematics and a diploma in computer science (now equivalent to a master's degree in computer science) with distinction. He also completed a Master of Public Administration degree at Harvard Kennedy School in 1980. He served in the Singapore Armed Forces (SAF) between 1971 and 1984, and attained the rank Brigadier-General before entering politics in 1984 where he was elected as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lee Hsien Loong 2016 (cropped)
Lee may refer to: Name Given name * Lee (given name), a given name in English Surname * Chinese surnames romanized as Li or Lee: ** Li (surname 李) or Lee (Hanzi ), a common Chinese surname ** Li (surname 利) or Lee (Hanzi ), a Chinese surname *Lý (Vietnamese surname) or Lí (李), a common Vietnamese surname * Lee (Korean surname) or Rhee or Yi (Hanja , Hangul or ), a common Korean surname * Lee (English surname), a common English surname * List of people with surname Lee ** List of people with surname Li ** List of people with the Korean family name Lee Geography United Kingdom * Lee, Devon * Lee, Hampshire * Lee, London * Lee, Mull, a location in Argyll and Bute * Lee, Northumberland, a location * Lee, Shropshire, a location * Lee-on-the-Solent, Hampshire * Lee District (Metropolis) * The Lee, Buckinghamshire, parish and village name, formally known as Lee * River Lee - alternative name for River Lea United States * Lee, California * Lee, Florida ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Hu
Richard Hu Tsu Tau ( zh, s=胡赐道, p=Hú Cìdào; born 30 October 1926) is a Singaporean retired politician who served as Minister for Finance between 1985 and 2001. A member of the governing People's Action Party (PAP), he was the Member of Parliament (MP) for Kreta Ayer SMC between 1984 and 1997 and Kreta Ayer–Tanglin GRC between 1997 and 2001. Early life Hu was born in Singapore Hu Tsai Kuen, a doctor, and Margaret Kwan Fu Shing. He was educated at the Anglo-Chinese School before graduating from the University of California, Berkeley in 1952 with a Bachelor of Science degree in chemistry. He subsequently went on to complete a PhD in chemical engineering at the University of Birmingham. Career Hu joined the Royal Dutch Shell Group of Companies in 1960 and rose to the position of Chairman and Chief Executive of this global company in Singapore between 1977 and 1983. In 1983, Hu became the Managing Director of the Monetary Authority of Singapore (MAS) and the Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Exchange Rate")
