It certainly seems like Singapore is branching out. We have got to. But globalisation has brought about a profound change. We are not competing only against our neighbours. We are playing against world class players.
Every big bank is here.
It's only a matter of time before the banking sector is completely open. We're competing against world players. We have to be a cosmopolitan international centre. As for infrastructure, money can buy that. More crucial is the quality of the men in management and the supporting staff.