Another 129 foreign companies were quoted on the CLOB International market. A large number of foreign and local bonds are also listed and traded. Government Singapore is a republic with a parliamentary system of government. The Head of State is the President. The administration of the Government is vested in the Cabinet headed by the Prime Minister.
Parliament is unicameral.
In GRCs, candidates contest in groups of four. All members of a group must either belong to a single political party or be independents. Each GRC must have at least one candidate belonging to a minority race. They are appointed by the President for a term of two years. In the present Parliament, six NMPs were first appointed by the President on 7 September 1992.