O.K. YOUR FROM SINGAPORE HOW MUCH MONEY DO YOU THINK IS SENT TO BET FAIR FROM A POOR COUNTRY LIKE SINGAPORE.WHAT THE F-CK DO THEY BET WITH IN SINGAPORE THERE FACTORY MONEY FOR MAKING AMERICAN TEE SHIRTS THATS ABOUT 30 CENTS A DAY BIG GAMBLERS I GUESS.IT JUST DOESNT MAKE SENSE TO ADVERTISE AND TEASE US WHEN YOU KNOW WE CANT PLAY.:tongue2:
It's a wealthy country,Jeem !
Economy
<dl><dd>
Main article: Economy of Singapore
</dd></dl> Singapore has a highly developed market-based economy, which historically revolves around extended
entrepot trade. Along with
Hong Kong,
South Korea and
Taiwan, Singapore is one of the
Four Asian Tigers. The economy depends heavily on exports refining imported goods, especially in manufacturing. Manufacturing constituted 26% of Singapore's GDP in 2005.<sup id="cite_ref-35" class="reference">
[36]</sup> The manufacturing industry is well-diversified into electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences manufacturing. In 2006, Singapore produced about 10% of the world's foundry
wafer output.<sup id="cite_ref-36" class="reference">
[37]</sup> Singapore has one of the
busiest ports in the world. Singapore is the world's fourth largest
foreign exchange trading centre after
London,
New York City and
Tokyo.<sup id="cite_ref-37" class="reference">
[38]</sup>
Singapore has been rated as the most business-friendly economy in the world,<sup id="cite_ref-38" class="reference">
[39]</sup><sup id="cite_ref-39" class="reference">
[40]</sup> with thousands of foreign expatriates working in
multi-national corporations. The city-state also employs tens of thousands of foreign blue-collared workers around the world.
Singapore's Central Business District (CBD)
As a result of
global recession and a slump in the technology sector, the country's GDP contracted 2.2% in 2001. The Economic Review Committee (ERC) was set up in December 2001, and recommended several policy changes with a view to revitalising the economy. Singapore has since recovered from the recession, largely due to improvements in the world economy; the Singaporean economy itself grew by 8.3% in 2004, 6.4% in 2005<sup id="cite_ref-40" class="reference">
[41]</sup> and 7.9% in 2006.<sup id="cite_ref-41" class="reference">
[42]</sup> In the first half of Year 2007, the economy grew by 7.6%. The growth forecast for the whole year is expected to be between 7% to 8%, up from the original estimation of 5% to 7%.<sup id="cite_ref-42" class="reference">
[43]</sup> On 19 August 2007, Prime Minister Lee Hsien Loong announced in his National Day Rally Speech that Singapore's economy is expected to grow by at least 4-6% annually over the next 5-10 years.
The per capita GDP in 2006 was US$29,474.<sup id="cite_ref-43" class="reference">
[44]</sup> As of September 2007, the unemployment rate is 1.7%, which is the lowest in a decade, having improved to around pre-Asian crisis level.<sup id="cite_ref-MOM_44-0" class="reference">
[45]</sup> Employment continued to grow strongly as the economy maintained its rapid expansion. In the first three quarters of 2007, 171,500 new jobs were created, which is close to the 176,000 for the whole of 2006.<sup id="cite_ref-MOM_44-1" class="reference">
[45]</sup> For the whole of 2007, Singapore's economy has grown 7.5% and drew in a record S$16 billion of fixed asset investments in manufacturing and projects generating S$3 billion of total business spending in services.<sup id="cite_ref-CNA_45-0" class="reference">
[46]</sup> The government expects the Singapore economy to grow by 4.5% to 6.5% in 2008.<sup id="cite_ref-CNA_45-1" class="reference">
[46]</sup>
Orchard Road is decorated for Christmas, 2005.
Singapore introduced a
Goods and Services Tax (GST) with an initial rate of 3% on 1 April 1994 substantially increasing government revenue by S$1.6 billion and stabilizing government finances.<sup id="cite_ref-46" class="reference">
[47]</sup> The taxable GST was increased to 4% in 2003, to 5% in 2004, and to 7% on 1 July 2007.<sup id="cite_ref-47" class="reference">
[48]</sup>