Ladies and Gentlemen,
Singapore strongman Lee Kuan Yew who has run his island since 1959 is either 89 or 90years old. Since no one can live forever, naturally Singaporeans fear the consequences of his death since everything that matters even remotely is because of him. I had earlier written a hoax in this blog some time ago claiming his having had a serious heart attack to test it's consequences, which confirmed what I and I suppose most people thought. The island went into a state of near panic with the stock market falling and the Prime Minister's office putting out a statement that he was well.
One thing is certain from the circumstances of Singapore ruled by one family, the Lee ruling family, just as is the case with dictatorships everywhere else. When the dictator dies, the country goes into chaos, which I think most observers of Singapore would agree.
Which explains this latest report from Singapore’s state controlled newspaper the Straits Times of March 20, 2012 which has the story "Singapore professionals keen to relocate: Poll".
In this report, it claims MRI China Group had carried out a survey in both Hong Kong and Singapore of professionals emigration patterns. It says although Hong Kong "may be crowded and chaotic", their professionals are "fairly happy to stay on" and only 29.4% of professionals wanted to emigrate. In Singapore on the other hand, of 325 professionals surveyed 44.2% wanted to leave.
One of the main reasons why Singaporean professionals want to leave, I believe, is the uncertainly of what Singapore will become after the impending demise of Singapore strongman Lee Kuan Yew. A scenario of a crashed stock market, massive outflow of capital and foreign investment, a run on the banks and people fleeing the island with everything they have, comes to mind.
Best to leave now while the Singapore dollar has any value left. I would do the same had I been a Singaporean professional living in Singapore now.
Attorney at Law
Disbarred from practicing law in Lee's Singapore, imprisoned and refused entry to the island for criticizing Singapore's judiciary in this blog (see blogpost May 29, 2008 Singapore. Judge Belinda Ang's Kangaroo Court)
Actively practicing law in California and in good standing at the California Bar.
Member in good standing as a lawyer in England and Wales (Barrister).
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