Premise: Singapore ( [ ˈsɪŋgəpɔr ] ) , officially the Republic of Singapore , sometimes referred to as the Lion City , the Garden City or the Little Red Dot , is a sovereign city-state in Southeast Asia . Singapore 's territory consists of one main island along with 62 other islets . Its standings include : the most `` technology-ready '' nation ( WEF ) , top International-meetings city ( UIA ) , city with `` best investment potential '' ( BERI ) , second-most competitive country , third-largest foreign exchange market , third-largest financial centre , third-largest oil refining and trading centre , and the second-busiest container port . One of the five founding members of the 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 .
Hypothesis: Singapore is a location.
Label: ENTAILMENT