The lack of new business investments from wealthy Chinese emigres who have moved to Singapore following the country's tax emption laws, is becoming a bone of contention.
Chinese Wealthy in Singapore: Spending lavishly, but not investing locally theonlinecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theonlinecitizen.com Daily Mail and Mail on Sunday newspapers.
When ultra-wealthy Chinese entrepreneurs started moving to Singapore en masse in 2019, investment firms were salivating at the chance to manage billions in new money. So far, it hasn’t quite happened.