The first casinos to be built in Singapore and the opening of new pharmaceutical plants could become the economic mainstay of the economy of this country in Southeast Asia. Is that it is expected that by 2010, demand for products manufactured in this country will remain at low levels.

Lim Hng Kiang, Minister for Finance of Singapore has put in these terms: “Foreign demand will grow over the coming months, but at a fairly slow pace.

For what is our domestic market, opening new manufacturing plants for chemical and biomedical sciences, as well as the inauguration of complex integrated casino and hotel will be of great help in sustaining the regional economy. ”

The island, in an attempt to force to stop relying on the electronics industry, has decided to offer casino licenses in the country for the first time in its history.

Singapore Genting Plc plans to open its complex this month. This is a project of more than $ 4.5 billion. Las Vegas Sands Corp., in turn, opens the Marina Bay Sands during the month of April, according to estimates.

The manufacturing industry in Singapore has passed one of their most difficult times during the months between October and December 2009. Currently, the nation seeks to escape the possibility of entering into recession.

“The risk of returning to a financial downturn is really low if there are two other factors destabilizing global financial,” said Lim. “However, the booming growth for the second half of 2010 could generate unwanted effects in a global economy, such as lowering the needed fiscal stimulus to return to safe levels.”

Related posts:

1. Four Hotels for Singapore casino During the last week opened, in part, Singapore’s first casino. In addition, Resorts World Sentosa, opened and 1.340 rooms distributed...
2. Vietnam Casinos Vietnam is a breathtakingly beautiful country in Southeast Asia. The communist regime which took over the whole country at the...
3. Official data on Las Vegas During the last week, shares of some of the largest U.S. casinos rose precipitously to know the latest news about...
4. New Vietnamese Casino A few days ago, a new casino located in the border area between Cambodia and Vietnam was inaugurated. The Top...
5. Russian Casinos migrate For some time now the Russian government has implemented different rules and restrictions on the casino industry which has brought...