Singapore is an island with a total land area of approximately 659.1 sq. km, located at the heart of South East Asia. It is densely populated, with close to 4 million people of mainly Chinese, Malay and Indian heritage. It is a cosmopolitan city, with English as its official language of administration.

Singapore’s strategic position, free trade policy and pro-business environment has put the country among the world’s 20 largest trading nations. Political stability and consistent government policies have provided the backdrop for the country’s rapid economic development. An open global trading environment has been crucial in ensuring Singapore’s prosperity. Its strategic location at the crossroads of international trade and shipping routes, enhanced by excellent airport and seaport infrastructures, has made Singapore a global hub.

Although Singapore has an efficient telecommunications network in place, it recognises that telecommunications is one of the keys to the growth of its economy and that it has to keep pace with technological change. It is striving to develop a vibrant infocommunication industry to enhance its economic competitiveness and to improve the quality of life in Singapore.

Singapore has grown as a stable financial centre due to sound economic and financial fundamentals and its attractiveness as a base for financial institutions. About 700 foreign and local financial institutions are located here, offering a wide selection of financial services.

Good banking and financial services, an efficient telecommunications network, a stable government and a skilled and disciplined work force are factors contributing to Singapore’s success.