Singapore's MICE sector draws more investors, amid tough regional rat race

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SINGAPORE (May 21): After weeks of speculation, Singapore had been confirmed as the venue for the historic meeting between US President Donald Trump and North Korea leader Kim Jong-un. They traded threats earlier this year, but were set to meet on June 12. Chinese President Xi Jinping was potentially going to be part of proceedings as well.

The meeting might not take place now, but Singapore was picked because of its high internal and external security. It is close enough to North Korea that Kim’s fleet of Soviet-era planes will be able to make the trip without stopping to refuel. And, thanks to Singapore’s maintaining a neutral foreign policy, North Korea has an embassy in Singapore.

Those same factors have made the island state a choice location for the multibillion-dollar meetings, incentives, conferences and exhibitions industry. From 2012 to 2014, MICE accounted for more than 20% of the country’s annual tourism receipts and international visitors... (Click here to read the full story)