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In 2004, Lee Hsien Loong, the eldest son of Lee Kuan Yew, became the country's third Prime Minister.religious people increased between 20 by about 3% each, whilst the proportion of Buddhists decreased.
Other faiths remained largely stable in their share of the population. An analysis by the Pew Research Center found Singapore to be the world's most religiously diverse nation.There are monasteries and Dharma centres from all three major traditions of Buddhism in Singapore: Theravada, Mahayana, and Vajrayana.
The country is currently the only Asian country to receive AAA credit ratings from all three major credit rating agencies: Standard & Poor's, Moody's, and Fitch. Singapore attracts a large amount of foreign investment as a result of its location, corruption-free environment, skilled workforce, low tax rates and advanced infrastructure.
Most Buddhists in Singapore are Chinese and are of the Mahayana tradition, with missionaries having come into the country from Taiwan and China for several decades.
However, Thailand's Theravada Buddhism has seen growing popularity among the populace (not only the Chinese) during the past decade.
There are more than 7,000 multinational corporations from the United States, Japan, and Europe in Singapore.
There are also approximately 1,500 companies from China and a similar number from India.