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Part III Southern Asia, 15 Singapore »

Lim Wei Lee, Alvin Yeo SC
From: Asia Arbitration Handbook
Edited By: Michael Moser, John Choong
15.01 Singapore is an independent republic. The city-state and former British colony inherited the Westminster parliamentary model after gaining independence on 9 August 1965. 15.02 The head of state is the President, who is elected on a six-year term. The head of government is the Prime Minister, who leads the Cabinet. The Parliament is elected by general election every five years. 15.03 Singapore is a free-market economy, known for favourable tax conditions, business transparency, political stability, and modern infrastructure; these factors make Singapore...