In a media interview on Friday (Apr 5), Mr Chan stressed the importance of diversifying the economy, so as to ensure that Singapore is 'never held ...
. A further step down, he added, is the MICE industry within the tourism sector.
The additional investment is almost two-thirds their initial S$15 billion investment in 2006, and will see MBS add a new entertainment arena and hotel tower, while RWS will extend Universal Studios Singapore to include two new attractions - Minion Park and Super Nintendo World. While MBS and RWS are currently allowed 2,500 gambling machines, they will be given the option to increase this by 1,000 and 850 respectively.
“We don’t want to end up like that,” he said. “If we end up like that, we would be held ransom as an economy, and we would have betrayed our values.
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