Red – Let Me clarify a few points reference my earlier post, particularly in relation to Risk Tolerance –
Back in 2002 following the arrest of suspected terrorist sympathizers in Singapore we conducted a survey amongst our key multinational clients. They made it VERY CLEAR they would withdraw senior expatriate personnel from key positions if a terrorist attack took place in Singapore. Should a terrorist campaign run for an extended period of time they would also consider relocating their regional offices to HK or Aus. This would have a severe impact upon the economy of Singapore, the same way it would have a severe impact upon any other international city.
We conducted the same survey following the Bali and Australian Embassy bombings in Indonesia. The response there was far less ‘knee jerk’, due to the fact that the majority we spoke to had adapted over time to the continued and ever present threat of terrorism. As simple matter of conditioning, they had subconsciously become far more risk tolerant.
Singapore, unlike Indonesia, is a regional hub for multinational companies, particularly in Oil & Gas, Investment Banking and the IT sector. You remove the ability for these entities to function in a safe and secure way (terrorism or war) and they will relocate to a safer location such as Hong Kong, which offers the same advantages (excellent infrastructure, low taxation, law and order).
Your comment about Israel is irrelevant; Israel is NOT a regional hub for the Middle East, like Singapore is a regional hub for Asia.
Back in 2002 following the arrest of suspected terrorist sympathizers in Singapore we conducted a survey amongst our key multinational clients. They made it VERY CLEAR they would withdraw senior expatriate personnel from key positions if a terrorist attack took place in Singapore. Should a terrorist campaign run for an extended period of time they would also consider relocating their regional offices to HK or Aus. This would have a severe impact upon the economy of Singapore, the same way it would have a severe impact upon any other international city.
We conducted the same survey following the Bali and Australian Embassy bombings in Indonesia. The response there was far less ‘knee jerk’, due to the fact that the majority we spoke to had adapted over time to the continued and ever present threat of terrorism. As simple matter of conditioning, they had subconsciously become far more risk tolerant.
Singapore, unlike Indonesia, is a regional hub for multinational companies, particularly in Oil & Gas, Investment Banking and the IT sector. You remove the ability for these entities to function in a safe and secure way (terrorism or war) and they will relocate to a safer location such as Hong Kong, which offers the same advantages (excellent infrastructure, low taxation, law and order).
Your comment about Israel is irrelevant; Israel is NOT a regional hub for the Middle East, like Singapore is a regional hub for Asia.