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Follow on Google News | Singapore's New Growth Engines a fillip to Lifestyle IndustrySingapore has preemptively been altering its economic landscape by striving to seek a balance by installing new engines of growth.
By: John Media The strategic move of the government, to tap on unconventional means to establish new growth engines in order to stimulate, a seemingly insignificant industry such as, lifestyle industry and its outcome is highly laudable. The tiny little red dot attracted the global attention and appreciation when it successfully hosted the world’s first ever Formula One night race. It has witnessed a resounding success this year too. The race has reaped significant economic spin offs for various trades of the country, in the form of increased tourist influx and swelling patronage for track-side entertainment and other associated events. Come 2010, two integrated resorts (IR) namely, Marina Bay Sands and Resorts World, will be launched in Sentosa. IR will contribute significantly to Singapore's overall positioning as a premium must-visit destination offering a wide range of entertainment experiences for the leisure and business visitors thus enhancing the tourism receipts. The resorts will promote Singapore’s status as a convention hub in Asia and thereby positively impact the supporting industries, such as hospitality, entertainment, F&B, Media, travel, transport & communication etc, apart from attracting huge investments and opening up employment opportunities directly and indirectly. By 2012, the City state will also have a state-of-the- Rikvin is an expert in fast online service for company incorporation, private limited company formation, business registration and full corporate secretarial services in Singapore. For more information, please visit http://www.rikvin.com End
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