Macau Daily Times, 27 Aug 2008
A former adviser to the Singapore government said yesterday that the island city is losing foreign investment to countries with greater growth such as China, adding that Macau could work with the region to increase its attractiveness.
In an interview with the Straits Times management guru Dr Kenichi Ohmae said Singapore had done well in the past in attracting foreign investment, but needed a compelling new story to get a piece of the more than HKD300 trillion 'homeless money' up for grabs.
Mr Ohmae told the daily that “Singapore is not attractive at all” compared to countries like China and Romania.
“Where's the new Singapore story? I haven't heard any,” said Dr Ohmae on the sidelines of a forum on investment opportunities at the Amara Sanctuary Resort.
Dr Ohmae said Macau's growing amusement industry could help it attract business away from Singapore with the help of other cities in the region.
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