The flag of Singapore consists of two equal-sized horizontal stripes - the top stripe is red and the bottom one is white. On the left hand side of the red stripe there's a white crescent moon with five white, five-pointed stars to its right.
The crescent moon symbolizes the young nation of Singapore on the rise and the five stars represent the country's ideals of democracy, peace, progress, justice and equality. The red horizontal stripe signifies universal brotherhood and equality of man, while the white horizontal stripe stands for purity and virtue.
Originally, the Singapore flag was designed with three stars, until the country's leaders expressed concern that Singapore might be perceived to be associated with the Malayan Communist Party, because their flag also had three stars.
According to Businessweek, Singapore is poised to surpass Tokyo as the Asian city with the most ultra-high-net-worth individuals within a decade as its stature as a financial centre increases with the region’s growth. Find out more here.