To prepare for the next phase of development, a further $905 million is to be invested over the next 5 years. These funds are deemed necessary for Singapore to stay ahead in business and pleasure tourism even though 2011 was a record year. 13.2 million tourists came to Singapore for a variety of reasons last year, yet the tourist board is exercising caution and is set to invest more to avoid rapidly plummeting figures in 2012 and beyond. Roughly one third of the new investment is to be used to promote Singapore as a global lifestyle and business hub. Full story
SINGAPORE TO POUR MORE CASH INTO ITS TOURISM INDUSTRY
To prepare for the next phase of development, a further $905 million is to be invested over the next 5 years. These funds are deemed necessary for Singapore to stay ahead in business and pleasure tourism even though 2011 was a record year. 13.2 million tourists came to Singapore for a variety of reasons last year, yet the tourist board is exercising caution and is set to invest more to avoid rapidly plummeting figures in 2012 and beyond. Roughly one third of the new investment is to be used to promote Singapore as a global lifestyle and business hub. Full story
