Political environment of Singapore
Singapore is a republic and a parliamentary democracy, with an elective, non-executive presidency. The People's Action Party has governed the city-state since independence in 1965. The Hon Lee Hsien Loong is serving his third term in office as Prime Minister of Singapore. Halimah Yacob has been the Singapore's first female president since 2017. She has also been the country's first Malay leader in 47 years. Prime Minister Lee Hsien Loong has been in office since 2004. He is the eldest son of the Singapore's founding father Lee Kuan Yew. Lee Hsien Loong launched policies to improve the country's competitiveness, the education system and investment in research and development.
The government is Singapore is what is known as a parliamentary representative democratic republic, which means that there is a president that serves as the head of state, as well as a prime minister that is in charge of both the government and its multi-party system. Singapore became independent from Malaysia in 1965 and has had its constitution since, which the Nation Assembly has the power to amend. The executive branch is made up of the prime minister, president and the Cabinet. Singapore has a single-chambered parliament that creates laws and amendments, as well as supervises the cabinet appointed by the prime minister. In the judicial branch, the Supreme Court is the highest judicial office, and is made up both a High Court and the Court of Appeal. Political risk in Singapore is quite low. It is a democratic country. The people elect representatives to lead the nation. Since its independence, they cherished relative political stability. Today, the stability has translated to peace and a better standard of living. Moreover, it has transformed into improved business opportunities for Singapore.