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30 Apr 2019
Ministry of Trade & Industry
Feedback View - 614
Economic future of Singapore is bleak

Two decades ago, Singapore had the ambition to be a medical hub, education hub and finance hub.

The medical hub has been a failure. The projected medical tourist of 1 million in 2012 had turned out to be 500,000 in 2018. The tourism board had given up this goal.

https://tklcloud.com/Feedback/feedback.aspx?id=1410

What about the education hub. I have not heard any official news for the past few years. There are still educational operators putting up advertisements extolling the virtue of an education in Singapore.

However, I saw this news that is discouraging.
https://www.sgsme.sg/news/promise-singapore-education-hub-fading

What about the financial hub. It seems to be doing okay. But challenges lie ahead.
https://dinmerican.wordpress.com/2019/03/27/singapore-indonesias-money-laundromat/

The Hyflux incident is not going to help.
https://www.bloomberg.com/opinion/articles/2019-04-09/blame-for-singapore-s-hyflux-failure-goes-beyond-investor-greed

The SGX is in doldrums, compared to HK stock exchange.
https://sg.finance.yahoo.com/news/hkex-vs-sgx-why-sgx-083300085.html

The economic future for Singapore is bleak.

Tan Kin Lian


 


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