Sunday, August 9, 2015

Singapore turns 50 – celebrates with parades, fireworks


Singapore gained Independence only 50-years ago but, the way it has developed itself to a major tourism center and business hub is impressive. Its unrivaled economic success in a region that used to be struggling with poverty and political instability is for otters to emulate.
This has been reported in timesofindia.indiatimes.com dated 10 August 2015.
In order to celebrate, its fighter jets screamed through the sky and nationalist songs blared while the leaders made speeches and people were treated to free rides on trains and buses.
However, alongside its quantum leap from a poor colonial port to a wealthy metropolis, its people are now grappling with a growing resentment over political restrictions, an influx of foreign labor and the ever increasing cost of living.
The credit for the rise of Singapore should go to its founder and longest-serving leader, Lee Kuan Yew, who died in March at age 91. He had run a virtually one-party state as PM for more than three decades. He did not tolerate any political dissent.
It may be recalled that West Bengal Chief Minister Mamata Banerjee had visited Singapore last year to attract investment in her state and had signed three major agreements – food park at Dankuni worth Rs 1000 crores, Calcutta Riverside Development worth Rs 200 crores, shipbuilding, oil and gas exploration in Sector V that would generate employment for 500 persons in two years’ time.
(Image courtesy wikimediacommons.org)

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