Jim Rogers, one of the most successful investor who once heads the Quantum Fund sold off his 15 million Manhattan apartment and relocated to Singapore. Singapore is one of the smallest nations in the world; it is just a tiny red dot in the world map.
The tiny nation has been nominated to host the year 2010 Youth Olympics. This coming September will also see the country hosting its first Formula 1 car rally. Apart from that, the country’s first casino and resort, two be exact is scheduled to open by year 2009 and beyond. Singapore Airline is the fist airline in the world to receive and commence the A380 jumbo airbus service. Aircraft engine maker, Rolls Royce established two new engine facilities in Singapore that would result in creation of new jobs for the population.
Despite intense competition with surrounding nations such as China and India for foreign direct investment, the country has relatively coped well by moving into high value added sectors such as the biotechnology, financial services and information technology areas. There is so much going for the country it seems. Despite the glamour and promising future which the nation can look forward to, looming world economic uncertainties such as the deteriorating US economy, rising inflation, oil price hikes and world political conflicts has considerable impact to the country growth. The full impact of the US recession or the world as a whole to the country will only be felt half to a year timeframe down the road. It remains to be seen how prepare or how well its population is ready to cope with economic downturn.
On a lighter note, more interesting photo shots of the baby cactuses that’s thriving in my home. These cute plants with colorful tiny flower buds are wonderful sights to behold. Over the new few weeks, I am going to try my hands on cross breeding and joining the different cactus species. Here is a link to information pertaining to cactus. http://www.cactus-mall.com/
Cheers Rich
The tiny nation has been nominated to host the year 2010 Youth Olympics. This coming September will also see the country hosting its first Formula 1 car rally. Apart from that, the country’s first casino and resort, two be exact is scheduled to open by year 2009 and beyond. Singapore Airline is the fist airline in the world to receive and commence the A380 jumbo airbus service. Aircraft engine maker, Rolls Royce established two new engine facilities in Singapore that would result in creation of new jobs for the population.
Despite intense competition with surrounding nations such as China and India for foreign direct investment, the country has relatively coped well by moving into high value added sectors such as the biotechnology, financial services and information technology areas. There is so much going for the country it seems. Despite the glamour and promising future which the nation can look forward to, looming world economic uncertainties such as the deteriorating US economy, rising inflation, oil price hikes and world political conflicts has considerable impact to the country growth. The full impact of the US recession or the world as a whole to the country will only be felt half to a year timeframe down the road. It remains to be seen how prepare or how well its population is ready to cope with economic downturn.
On a lighter note, more interesting photo shots of the baby cactuses that’s thriving in my home. These cute plants with colorful tiny flower buds are wonderful sights to behold. Over the new few weeks, I am going to try my hands on cross breeding and joining the different cactus species. Here is a link to information pertaining to cactus. http://www.cactus-mall.com/
Cheers Rich
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