2. Singapore Land area 637 sq km –(compared with 30, 590 sq km for Clark County) Per capita GDP $26,500 for 2001 –Compared with $22,900 for the UK Not considered functionally democratic High government involvement in economy

18. 2002 Finanicial Highlights 24.5 million TEU 16.8 million TEU in Singapore Gross revenue $2,960 million

20. 2002 Difficult Year Group revenue up 29% Operating profit fell 31% One off rebates given to customers Net profit fell 24% to $560 million

21. Singapore puts port IPO plan on hold Reuters May 8, 2002 SINGAPORE By Richard Hubbard Related: Singapore to spell out government role in economy Singapore fights back to keep competitive edge SINGAPORE'S giant container port will stay in government hands for the foreseeable future as competitive pressures and weak global share markets saw plans for an initial public offer formally shelved on Wednesday, May 8. The port operator PSA Corporation, which could have raised up to US$4 billion, decided market conditions were not right for a successful float, according to a terse one-sentence statement from government investment vehicle Temasek Holdings. Temasek said it will review the possibility of a privatisation "when the market is more conducive". "It is a bit of a surprise," said one institutional fund manager in Singapore. Singapore to spell out government role in economy Singapore fights back to keep competitive edge

22. 2003 PSA divested airport handling, cruise terminal, cable car, and exhibitions business on March 31, 2003 Employment level retrenchment planned for 2003