Singapore, an ever stronger Asian magnet
Singapore very soon will have two gambling centers, the largest in South East Asia. They will start operation next year. Just imagine the amounts of dollars that will flow into the coffers of the Singapore government every year from the operation of the two legal gambling centers. Like a magnet, Singapore will become even more attractive. Indonesia will also benefit from the existence of the Singapore projects although the amounts raked in will not be as big as those in Singapore.
On May 26, 2006 the Singapore government issued permits to investors to open gambling centers in the island state. The first permit went to Las Vegas Sands Corp from the United States that will develop a casino resort at Marina Bay Sands. And the second permit was given to Resort World at Sentosa, whose casino center is being developed by Genting International PKC (Genting Group). Read more
Wriggles and Enchantment of Shanghai Property Business
In July 2006, the Chinese government issued a regulation on foreign owner-ship of property in that country, including Shanghai. The new rule, however, did not discourage investors from hunting for property in the so- called Asia’s “New York”. Even, in 2007, foreign investments in Shanghai’s pro-perty sector rose to US$2 billion. What were the real factors behind all this? Read more
