Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

World

Singapore defends Taylor Swift’s exclusive Southeast Asia stop after neighbors cry foul

by March 5, 2024
March 5, 2024
Singapore defends Taylor Swift’s exclusive Southeast Asia stop after neighbors cry foul

Singapore is drawing fans from all over Southeast Asia and beyond to Taylor Swift’s Eras Tour, much to the annoyance of the city-state’s regional neighbors.

The anger is not directed at the superstar but at the Singaporean government for an exclusive deal it struck with concert organizers to make sure the city-state is the only place in Southeast Asia where she performs.

Swift has brought a windfall to Singapore – as she usually does wherever she goes – as fans buy flights, accommodation and souvenirs in the city-state.

But countries in the region have expressed their annoyance with Filipino lawmaker Joey Salceda saying exclusive deals aren’t “what good neighbors do.”

Prime Minister Lee Hsien Loong responded to the criticism on Tuesday, saying Singapore was not being “unfriendly” to its neighbors by making a deal with the superstar.

“[Our] agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in Southeast Asia,” Lee said at a press conference in Melbourne while on a state visit to Australia.

“Certain incentives were provided to her, and a deal was reached. It has turned out to be a very successful arrangement. I don’t see that as being unfriendly.”

“If we had not made such an arrangement, would she have come to more places in Southeast Asia? Maybe, maybe not?” he added.

Singapore officials had previously acknowledged offering Swift a grant, with the country’s culture minister, Edward Tong, playing down the size of the grant and Monday said that “it is not accurate and not anywhere as high as speculated.”

Thailand’s Prime Minister Srettha Thavisin  had claimed during a business forum in Bangkok on February 16 that Singapore paid Taylor Swift up to $3 million per show on the condition of exclusivity to perform in the country.

Southeast Asia fans dig deep to see Swift

The Eras Tour is a multi-continent extravaganza that surged to become the highest-grossing tour of all time – and Swift is making Singapore a lot of money.

Swift is playing six, sold-out nights to 300,000 fans in Singapore, where 70% of the concertgoers are flying from overseas and spending up to $370 million in the city state, according to estimates by an economist at Maybank.

Between March 1 and 9 when Swift is in town, Singapore-inbound flights shot up by 186% and accommodation bookings almost quintupled, according to Edmund Ong, general manager at travel platform Trip.com in Singapore.

These large-scale global music events are a boon for Singapore’s travel-related services that can add up to 10% of its GDP, HSBC’s ASEAN economist Yun Liu wrote in a recent note.

Fans from the Philippines, Thailand, China and other countries in the region have spent thousands on concert and plane tickets to watch Swift perform, plus whatever it takes to complete the experience with sequined dresses and themed costumes.

For many Filipino fans, traveling to Singapore can be a huge outlay. The GDP per capita in the Philippines is around $3,500 a year, according to the World Bank. In comparison Singapore is one of the world’s wealthiest places in the world where the average person earns more than 23 times has much with a GDP per capita of $83,000.

Filipino fan Charlyn Suizo is among those on a pricey pilgrimage to watch Swift, splashing all out for the once in a lifetime extravaganza.

“This is the biggest amount I have spent for a concert. I never really spent big like six-digit (Philippine peso) amounts for someone else, just Taylor Swift,” Suizo said.

Singapore’s currency is one of the strongest in Asia, making everything relatively expensive for travelers from emerging markets in the region.

Gilliane Granada, 24, who traveled from the Philippines with three other friends, said while its more costly for them to go to Singapore for the concert it makes sense to host it in the city-state.

“I don’t think we’d have a big enough venue to accommodate her, her stage and her production and all that. So, I think that’s probably one of the reasons why they decided to have it here in Singapore because it’s a great stadium,” Granada said.

Her friend, Christel Kaye Kuan, 25, said they all spent about $2,000 for tickets, flights accommodation for the trip, and added that they at least got to turn it into their first international trip as friends.

That’s about six times the national average monthly wage in the Philippines, based on latest government census data.

But it’s all worth it “because we get to see Taylor.”

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
5 Biggest Clean Energy ETFs in 2024
next post
Malaysia may renew search for MH370 nearly 10 years after it disappeared

You may also like

Italian authorities investigate Venice bus crash that killed...

‘You get home and then start crying’: Israel’s...

Israel steps up Gaza offensive as brutality of...

Shadowy asteroid Dinkinesh is ‘about to be revealed...

South Africa accuses Israel of genocide and urges...

Prince Harry and Meghan arrive in Nigeria for...

Mysterious symbols found near footprints shed light on...

Putin says a Biden presidency is better for...

Iran is rearming its missile program and a...

Moscow blames Ukraine for strikes that killed at...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • RETRANSMISSION: Group Eleven to be Featured on Radius Research for a Live...

    • Chief Justice Roberts doubles down on defense of courts as SCOTUS gears up to hear key Trump cases

    • Trump touts ‘rebuilding and modernization’ of US air traffic control, blasts Buttigieg for having ‘no clue’

    • Trump pulls his nomination for DC US attorney, says he’ll reveal new pick soon

    • Robert Prevost elected as first American pope and takes the name Leo XIV

    Categories

    • Business (1,630)
    • Investing (4,776)
    • Politics (7,540)
    • Uncategorized (2)
    • World (6,130)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top