Thursday, June 01, 2023

The quiet rise and rule of Singapore that cannot be unnoticed by its loud neighbors and distant friends

    Thursday, June 01, 2023   No comments

Singapore is rarely in the news. Countries, other than Western countries, are usually in the news because bad things are happening in them. That is one of the persistent biases of Western media. Here, we review several news stories covering events in Singapore, this multiethnic and multireligious countries, with its Muslim woman president, Halimah Yacob, though the position of the President of Singapore is ceremonial, her presence in the presidency will be useful in integrating Singapore's economy with that of Muslim-majority neighbors like Indonesia and Malaysia as well as the 57-nation bloc of Muslim-majority countries around the world.

Singapore overtakes Hong Kong as the most expensive Asia-Pacific city for private homes

Singapore’s private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report.

Data from the Home Attainability Index from the Urban Land Institute (ULI) Asia Pacific Centre for Housing showed the median price of Singapore’s private homes was $1.2 million in 2022, compared to Hong Kong’s $1.16 million.


Private rental homes in Singapore also had the highest monthly rent in the region at $2,600 — “far exceeding” other cities such as Sydney, Melbourne and Hong Kong, according to the report...

Read the full article here.


The article below makes the case for Singapore as being better in more than just one aspect.


Why Singapore is superior to Hong Kong in almost every way

It’s amusing to read comments by local property tycoon Ronnie Chan Chi-chung about places such as Singapore being “artificial”, “charmless” and “super boring”. Hong Kong, on the other hand, has the six “Gs” that are its unique advantages: genetics, geography, a culture of giving, the GBA (Greater Bay Area), its government and grey matter.

Really? The problem with tycoons everywhere, and not just in Hong Kong, is that they feel free to pontificate because they are rarely challenged, well, not in their face anyway. So I am glad reader John Chan of Singapore has written a rebuttal, pointing out that the city state enjoys both higher per capita gross domestic product (GDP) and median monthly household income. It’s doing very well, thank you very much!

Maybe Ronnie Chan can counter, as you would if you are a tycoon, that the capitalisation of Hong Kong’s stock market far exceeds that of Singapore or that the latter’s IPO market is minuscule compared to his city’s. Hong Kong has Disneyland, but hey, they have Universal Studios.

But all these comparisons are superficial.

The fundamental fact is that Singapore is a city state, rather than... read article


Politically, Singapore is oftten courted by other countries to take side in relation to global matters. This article is one example.


Europe sends big hitters to Singapore to rally Asian allies against Russia


Europe is fretting that Asia isn’t doing enough to condemn Russia and support Ukraine — and it’s revving up efforts to sway Asian officials in person. 

On Friday, an unprecedentedly high-profile European delegation will converge in Singapore at the Shangri-La Dialogue, Asia’s top security forum. Estonian Prime Minister Kaja Kallas will be there, as will EU foreign policy chief Josep Borrell, flanked by Ukrainian Defence Minister Oleksiy Reznikov. 

U.K. Defense Secretary Ben Wallace is also expected to attend in person — as are Boris Pistorius, Kajsa Ollongren and PÃ¥l Jonson, the defense ministers from Germany, the Netherlands and Sweden.

Their goal: Rally more Asian countries to help Kyiv.

While many Asian nations initially joined in condemning Russia’s invasion at the United Nations, countries like India and Vietnam continue to count on Russian military or energy supplies, while Western allies Japan and South Korea are unable to... read article








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