I think the wettest I’ve ever been in my life was when I got stuck in a tropical monsoon in Singapore.
Despite that, Singapore is my favorite city in the world for both its food and vibrant economy. A lot of people feel the same way because foreign visitors to Singapore increased by 5.7% in March from the same period last year.
Most of those visitors came from Australia, Malaysia, Indonesia, and China.
While this tidbit doesn’t have any direct investment implications, I want to impress upon you the importance of Singapore as a financial center for Asia. Singapore has become the Switzerland of Asia and is a crucial participant in the Asian economic growth story.
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- Singapore lowers GDP forecast…again! (01/21/09)
- Singapore Air add fuel surcharge (05/06/08)
- Chinese building boom powers profits (04/25/08)
