Singapore shops abroad

Raffles'' acquisition of Swissotel shows how Singapore Inc. is trying to escape its geography.
April 24, 2001

The news that Raffles Holdings is to buy Swissotel Holding from SAirGroup in Switzerland is just the latest example of a venerable Singaporean company going overseas to expand. What is interesting is that it is also the latest Singaporean company that has bought outside Asia.

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