Money is coming, oh no!

This is from the article, Singapore's star rises as Switzerland stumbles, by Neil Chatterjee and John O'Donnell in the International Herald Tribune.

Singapore Prime Minister Lee Hsien Loong said this month such scrutiny in the West could lead to more European money flowing into the country, a hot talking point in the industry.
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But European cash comes with the risk that Singapore too could be targeted in the crackdown on tax havens. "I expect Singapore to come under pressure, too," Prime Minister Lee said.

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Average is no longer average

This is from the AFP article, Singapore: Asia's Switzerland for millionaires.

The tiny, tropical island-state, Southeast Asia's most advanced economy, has emerged as a centre for the wealth management industry which caters to an elite breed called high net worth individuals, or HNWIs.

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