Our Chief Economist, Mike O’Sullivan, visits the city where prosperity thrives within a complex geopolitical backdrop.

In his latest reflections, Mike explores Singapore’s unique position between the US and Chinese commercial worlds and highlights its growing allure as a global financial hub.

Macro Environment

Geopolitically, Singapore sits between the US (investment world) and the Chinese commercial world, so it needs to balance these competing demands. 

Economist’s Observations

I haven't been to Singapore in a couple of years and my sense is that there is more industry here, more high-end hotels and luxury apartments — so the sense is of a city that is gaining even more in terms of allure and elegance. If you wake up early or can't sleep, try an early run in the Botanical Gardens, where the smells, sounds and sights of dawn are spellbinding.

What adds to the charm are the old colonial era buildings — like schools and churches — cowering under the high rise apartment blocks. Chief of these is Raffles, which has recently been refurbished to a very high degree. Any visitors must also try the 'Singapore Sling'. 

Private Markets in Singapore

Financially, it is a powerhouse and a rival to Switzerland as a world wealth centre. Private assets are well entrenched here, and I was impressed at the range of VC activity. 

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