- The Singapore Profit Play

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The Singapore Profit Play

Market Watch

Dear Taipan Daily Reader, Bad news for the country’s major financial institutions is pouring in so fast it’s hard to keep track of it all. Investors are growing more pessimistic as the nation’s biggest financial institutions including Merrill Lynch & Co., Citigroup Inc. and JP Morgan Chase & Co. continue to report dismal numbers from the sub prime fallout.
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The Singapore Profit Play

Friday, 27 June 2008

For the past five years, the Singapore dollar has strengthened against the U.S. dollar. But news of scorching first-quarter GDP growth of 7.2% year over year has made Singapore a hotbed of investment opportunities.

Just look at these investments:

Sands at Marina Bay ($3.65 billion)
Genting on Sentosa ($5.5 billion)
Gardens by the Bay ($731 million)
Changi Airport’s Terminal 3 ($892 million)
Kallang Sports Hub Stadium and Water Sports Centre ($1.32 billion)
Yep, folks, Singapore is smoking, and these projects are going to be fuel to the fire for certain financial, construction and resource companies. And it will be years before the ride is over…

S.R. Nunnally
Editor, Taipan Trader

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