Singapore most expensive Asian city for visitors

Singapore most expensive Asian city for visitors   2013-06-14

SINGAPORE, June 14 (Xinhua) — A latest survey shows Singapore is the most expensive Asian city to spend a night, local daily Straits Times reported on Friday. An evening for two costs 495.79 Singapore dollars (396.63 U.S. dollars) in the city state, making it the world’s 14th most expensive city for visitors, according to the survey by travel website TripAdvisor. The survey, known as TripIndex Cities, was based on an overnight stay for two people that would include a return taxi trip, a night’s stay at a four-star hotel, a two-course dinner and cocktails. Some 49 cities were included in the list. Tokyo took the 15th spot globally, with an overnight stay costing travellers 495.64 Singapore dollars (396.51 U.S. dollars). Singapore was the 10th most expensive city worldwide, but remained the priciest Asian city this year. Oslo in Norway came out tops for the most expensive city, costing 717.41 Singapore dollars (573.93 U.S. dollars).

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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