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Updated Saturday, August 28, 2010 11:31 pm TWN, The Straits Times/ Asia News Network

Singapore resorts 'may contribute US$1.4 bil. to economy': DBS

SINGAPORE -- Singapore's two integrated resorts (IRs) are expected to pump SG$2 billion (US$1.47 billion) into the economy this year, according to a new report from DBS Bank.

Its estimate of the economic impact of Resorts World Sentosa and the Marina Bay Sands reckons that they added about SG$470 million to the economy in the first half of the year, or about 0.3 percent of gross domestic product. And if they keep it up, they will top up Singapore's estimated 13 percent to 15 percent growth rate for this year by about 0.7 percentage points, or SG$2 billion.

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