Country Insider: Singapore

Overview & Geography


Singapore: Island, City and State
Population: 4.4 million
Area: 683 km2


During colonial times, Singapore was an infamous trade point due to its central location in South-East Asia, boasting a whole variety of dodgy opium bars, nightclub districts and armies of rickshaws. Back then, the city was used as a trading harbour by the British. After independence from Malaysia in 1965, the former prime minister Lee Kuan Yew has shaped Singapore`s economic success story, coming from a third-world status. In the meantime, Singapore has become one of the most modern metros in Asia. The impressive skyline is made up of numerous glass buildings where all the leading international companies have their local subsidiaries. If you take a walk through the city, you will soon realize that in terms of modernity and infrastructure, this city could even be model for many western metros. Read More...

The Economy

Singapore is the South East Asian finance and hightech capital. The country heads the tiger states of Asia with a GDP per capita of 31,400 USD (2006) which is one of the highest in the world. It is composed by around one third of industrial production and two thirds of the service sector. Agriculture plays only a very marginal role due to the small land area. The unemployment rate is almost at all-time low levels of around 3% (2005). The largest trade partners are Malaysia, the USA, China and Japan. Read More...

Living in Singapore
Money in Singapore

The currency in Singapore is the Singapore Dollar (SGD, S$). One SGD subdivides into 100 Cents. Currently, one SGD equals around 0.5 EURO or 0.6 USD (December 2005). Mostly, paper notes are in circulation (2, 5, 10, 50, 100, 1.000 und 10.000 SGD). The 10.000 SGD notes was invented by the former British colonialists and mainly meant for the interbank trade. However, today the extraordinarily high note also enjoys a high popularity among the local business world.

Debit cards with the "Maestro" logo can be used at most ATMs, also creditcards like in most other metros of Asian countries. Mostly, a service charge will be levied of around 10 SGD per payout. This charge is usually lower with debit than with creditcards. If one decides to bring cash from home, it is advisable to change that into SGD in one of the banks. The exchange rates in hotels are often not as good. A better and safer option is to carry around Traveller`s Cheques. In most of the larger companies, the salary will be paid to a local bank account at the end of the month. The account in Singapore can be opened fast and unbeaurocratically with a letter from the employer.

Budget Planning

In Singapore one will need a similar to budget like in many other western cities. The most costly variable will be the rent for a room or apartment in Singapore. For a small, clean room which is not too far from the center one has to budget at least 600 SGD/month. The more you move away from the Central Business District (CBD) the more cheap the rents will become. In the suburbs close to the border to Malaysia, Woodlands for example, one could find a small apartment for around 400 SGD. However, in this case also the transportation time of around one hour each way to the CBD will have to be considered. Read More...

Communications

Most foreign mobile phones can be used in Singapore, as the same frequency standard is in use. It is advisable to get a pre-paid plan, e.g. from SingTel (starting at around 20 SGD). The costs for calls and SMS are very low compared to western standards. One SMS will only cost around 0.02 SGD. For long-distance calls to friends and family at home one can use Skype or Jajah. Most Internet cafes also offer a very cheap VoIP facility.

Internet penetration is very high in Singapore and the government is actively supporting new technologies in IT. During the internship, one will often have the possibility to write short emails during working hours. In case you need to manage some more emails or like to play some online games, you can visit one of the man internet cafes. Almost all cafes have very high connection speeds and costs will hover around 3 SGD per hour. Moreover, many apartments offer a wireless connection facility for your own laptop.

Transportation

Regarding transportation facilities, one has the following options to choose from: MRT, Bus and Taxi. The MRT (Mass Rail Transport) is a rather cheap and fast way to reach all important points of the city. Most of the lines are frequented every 5-10 minutes. The same hold true for the buses. The numerous stations are well distributed throughout the city and the system functions very punctual and in high frequency. The third option is to take one of the many taxis. For that, you simply give them a sign on the side of the street or you can queue up at one of the many Taxi Points located on all major commercial and shopping complexes.

Rickshaws have had a little revival during recent years. Occasionally, one will see some of them which attract customers mainly through the blasting pop music. Apart from that, the street view is quite beautiful with lots of luxury cars such as Mercedes, BMW, Rolls Royce, Lexus, Ferrari or Lamborghini in a high density.

Accommodation

Due to the geographical small area of Singapore, the relatively high standard of living and the multitude of international companies and their employees, rental levels are relatively high in Singapore. The average prices for 1 bedroom apartments in Singapore range from S$ 600 up to S$ 1200 per month, depending on location, facilities (Minimum standards mostly include TV and Air Con) and size. Budget hotels are available from S$ 40 per night. These prices refer to locations from where the main business districts are reachable within reasonable timeframes per foot or MRT (Mass Rapid Transit System). Read More...

Working Life

Usually there are five working days in Singapore, only rarely six. The average weekly working time is 46.3 hours and the average salary lies at 3.329 SGD/month. Almost all of the multinational companies in Singapore have five working days, from Monday to Friday. Consequently, this will also be the working time for interns. Moreover, it is likely that an intern will get the one or other day off from office, apart from the usual holidays, for excursions into the region, etc. There are numerous national holidays during the year. Following are the holidays for 2008:

01.-02.01.: New Year's Day
07.-08.02.: Chinese New Year
21.03.: Good Friday
01.05.: Labour Day
19.05.: Vesak Day
09.08.: National Day
01.10.: Hari Raya Puasa
28.10.: Deepavali
08.12.: Hari Raya Haji
25.12.: Christmas Day
Leisure Activities

Directly in the city, one will find numerous places which are worth visiting. One of them is Chinatown, which was created in 1821, when the first Chinese immigrant started settling on the island. There you will find a lot of old, renovated buildings of historical significance which were built according to the ancient Chinese architecture. Chinatown is a very lively place with lots of bistros and restaurants, which can be divided into the following blocks: Kreta Ayer, Telok Ayer, Tanjong Pagar und Bukit Pasoh. Read More...

Singapore Nightlife

Singapore offers an amazing choice of restaurants, bars and clubs, which offer something for every taste. Some famous establishments can be found on the island, such as infamous Zouk techno and house disco, where the international who-is-who of the DJ circuit can be found, or restaurants like the Indochine which is very renown. Read More...

Preparation & Visa

Once the overall aim of getting an internship in Singapore has been achieved, one can start the travelling arrangements.

As an intern in Singapore you will need a visa. This will either be the Training Employment Pass (TEP) or Training Work Permit (TWP). Apart from filling out the TWP or TEP form, you will have to provide your company with various documents regarding your studies, passport copy etc. It is recommended to provide this information as accurately as possible and according to the specifications set forth by the Ministry of Manpower (MoM) in Singapore. Your company will then file all these documents with the MoM to get the TEP or TWP. The TWP is usually the safer option (almost always approved), however the company has to arrange for a security deposit and pay a little monthly levy, which makes some of them hesitant to apply for this visa. Read More...

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