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Hong Kong economy
OpinionLetters

LettersHong Kong’s mainland connection still gives it an important edge over Singapore

  • Readers discuss the recent wave of emigration from Hong Kong to Singapore and the challenges facing teachers as some quit the profession

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A view of Hong Kong’s skyscrapers from the Hong Kong Convention and Exhibition Centre in Wan Chai on August 13. Photo: Yik Yeung-man
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In the past few months, the exodus of foreigners and companies from Hong Kong has been constant.

Although those leaving have chosen to emigrate to an array of destinations, one of the favourite places seems to be Singapore.

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The city state was named the world’s freest economy by the Heritage Foundation in 2022: its beneficial taxation system paired with its world-class infrastructure and connectivity to Asia has catapulted it to new heights, making it a magnet for businesses.

With an established expat community, high level of personal safety and English as a first language, it offers an easy transition for many foreigners looking for a new home. Additionally, Singapore has strategically positioned itself as a tech hub, attracting developers of micro technology and biotech, as well as start-ups in fintech.

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More recently, it did a 180-degree turn in its Covid-19 policy, reopening its borders and removing its mask mandate for indoor places. Plus, you can’t underestimate the value of being able to jump on a plane and spend the weekend in Bali!
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