Kuok Khoon Hong and Peter Lim make their debuts thanks to soaring palm oil demand. The other two are Robert Chandran of marine fuel outfit Chemoil and Raymond Goh, whose Swiber Group provides offshore oil and gas services. He is one of three newcomers to list companies on the Singapore stock exchange last year. The richest of the list's 12 new entrants is Zhong Shen Jian, who made his $2.5 billion fortune selling luxury residences in his native China. Chua Thian Poh smartly bet on Sentosa Cove, which is emerging as the best address in Singapore. Ng Teng Fong takes the top spot based on the success of his hotel and mall holdings in Singapore and Hong Kong. Fortunes centered on real estate, shipping and palm oil did particularly well. GDP was up 7.9% for 2006, the main stock index is up 19% year to date, and its 40 wealthiest citizens are worth a collective $32 billion, $4 billion more than last year. The city-state of Singapore has had a banner year.
0 Comments
Leave a Reply. |