Singapore, with no natural resources, needs to assimilate advance technology and to develop new talents and skills to ensure greater social and economic progress for its people and to make it a services centre for technical know-how, tourism and finance.

From a centre largely dependent on entrepot trade Singapore has progressed to one primarily based on manufacturing, repair, servicing of ships and aircraft and the provision and maintenance of modern communications from underwater cables to microwave and satellite earth stations. The two satellite earth stations at Sentosa Island put Singapore in satellite communication with almost two-thirds of the world.

The rise of Singapore as the largest regional centre for oil refining, blending and distribution is represented by the siting of major oil companies in Singapore and by the large export capacity of the oil refineries. The industry has diversified into other products such as hydro-carbon solvents, base lubricants and in due course other petrochemicals.

In a region where epidemics still prevail, Singapore has a remarkable health record. This is largely due to the development of good housing, modern sanitation, excellent public water supply and preventive health measures backed by a high standard of curative services. The low mortality rate of 5.4 per thousand compares with the best in the world.