Singapore said yesterday it will allow construction of two casinos, gambling that the decision can boost its economy and juice up its staid image. Critics fear residents of one of Asia's safest cities will succumb to vice with casinos on their shores for the first time.
Prime Minister Lee Hsien Loong (李顯龍) revealed the government's decision in parliament after months of mulling the economic pros and social cons. Singapore has received nearly 20 proposals from international gaming giants angling to build a casino in Southeast Asia's most prosperous country.
Lee cited efforts by some of the world's great cities to reinvent themselves with transportation, cultural and other development projects, and warned that Singapore could become an Asian "backwater" unless it competes with its neighbors.
"In Asia, Shanghai is full of drive and energy. Hong Kong is opening its Disneyland, Hong Kong is also talking about opening a casino to compete with Macau," Lee said.
"Will Singapore be part of this new world, or will we will bypassed and left behind?" said Lee, whose father, former Prime Minister Lee Kuan Yew (李光耀), was instrumental in shaping Singapore's development since independence in 1965. "We want Singapore to have the X-factor, that buzz that you get in London, Paris or New York."
Singapore's Cabinet had encouraged citizens to speak up on the casino plan, triggering lively exchanges in the media, on Internet chat sites, in offices and homes. For a while Singaporeans appeared to be split evenly in the debate -- unusual in that Singaporeans so rarely challenge their government's plans.
"The ministers themselves were evenly split," Lee said. "They also shared the qualms of the public about the social impact."
Lee said one casino will be built as part of a resort with other attractions on the island of Sentosa, and the other will be at Marina Bay on Singapore's main island. Both projects, worth a total of S$5 billion (US$3 billion), will be five minutes by car from the central business district.
Many Singaporeans lay down bets on race horses and fork out cash at parlors with slot machines and sports wagers. But the prospect of a large, Las Vegas-style casino alarmed many who think Singapore's strict social controls are its main asset.
One group, Families Against the Casino Threat, organized an online petition that more than 30,000 Singaporeans opposed to more gambling signed.
Singapore hopes that billions spent on casinos with theme parks and hotels will boost its S$184 billion (US$112 billion) domestic economy, attract high-spending tourists and create thousands of jobs.
"Tourism in Asia is growing phenomenally, especially with the traffic from India and China. Our market share is declining, they are spending a shorter time in Singapore," said Lee, who predicted that the project will create 35,000 jobs.
Taiwan, which accounts for more than half of the global outsourced semiconductor assembly and testing market, is well-positioned to develop copackaged optics (CPO) and manufacture precision silicon photonics chips, the Ministry of Economic Affairs said yesterday. Silicon photonics are emerging as a mainstream optical communications technology and is seen as key to overcoming bottlenecks in AI computing power. The technology is a key project under the government’s New 10 Major AI Infrastructure Projects, with industry, government, academia and research institutions working to overcome critical technological hurdles and build a self-reliant silicon photonics supply chain, the ministry said. Nvidia Corp in March invested US$4
The air force plans to build 26 more hardened aircraft shelters as the number of F-16Vs stationed along Taiwan’s east coast is expected to reach 120 when the final shipment of 66 jets procured from the US arrives. The incoming jets would be stationed at Chihhang Air Base in Taitung County, augmenting the F-16V Block 20s operated by the 5th Tactical Fighter Wing in Hualien County, officials said yesterday. The air force plans to allocate more than NT$6.88 billion (US$218.1 million) from next year to 2031 to build the shelters in Hualien and Taitung as part of the implementation of a “one
NO LIMITS: More legislation expanding Beijing’s control over the movement of people, money and information raises risks for Taiwanese travelers and businesses, officials said China is set to implement several laws in the coming months that expand the definition of national security, creating greater risks for Taiwanese traveling to or doing business in China, Taiwanese officials said yesterday. Beijing’s Ethnic Unity and Progress Promotion Law took effect on July 1, while a draft “Internet Information Service Management Measures” finished its public consultation on Aug. 2, but has yet to be adopted. China’s Regulations of the State Council on Exit and Entry Administration are to take effect on Tuesday next week, while amendments to its National Defense Mobilization Law and the Ministry of Public Security’s Measures
China’s continued efforts to inject geopolitical rivalry into the region and disrupt Pacific nations’ discussions of regional issues warrant greater international attention, a foreign affairs official said yesterday. Minister of Foreign Affairs Lin Chia-lung (林佳龍) last week led a delegation to diplomatic ally Palau to attend events related to the 55th Pacific Islands Forum (PIF) summit. However, the absence of some member-state leaders has been interpreted by some people as a sign of fracturing in Pacific unity. Thirteen PIF members were represented by their heads of state or government, while Fiji, New Caledonia, Vanuatu and Samoa sent ministerial-level representatives, a diplomatic official