Singapore, officially The Republic of Singapore, is a sovereign city-state and island country in Southeast Asia. Singapore is a global commerce, finance and transport hub. Its standings include the most "technology-ready" nation (WEF), top International-meetings city (UIA), a city with "best investment potential" (BERI), third-most competitive country, third-largest foreign exchange market, third-largest financial center, third-largest oil refining and trading center and the second-busiest container port. The country has also been identified as a tax haven.
Singapore is a unitary multiparty parliamentary republic, with a Westminster system of unicameral parliamentary government. The People's Action Party has won every election since self-government in 1959. One of the five founding members of ASEAN, Singapore is also the host of the Asia-Pacific Economic Cooperation (APEC) Secretariat and a member of the East Asia Summit, Non-Aligned Movement and the Commonwealth of Nations. The dominance of the PAP, coupled with a low level of press freedom and restrictions on civil liberties and political rights, has led to Singapore being classified by some as a semi-authoritarian regime.
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