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December 16, 2010

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Bumper year at Changi

SINGAPORE'S international airport said its passenger numbers have surged this year to a record high as a recovering global economy and two new casino resorts encouraged tourists to visit the Southeast Asian city-state.

Annual passengers surpassed 40 million yesterday for the first time, Changi airport said in a statement. Traffic in the first 11 months of the year was up 14 percent from the same period last year, the airport said.

Indonesia was Changi's biggest source of passengers followed by Australia, Malaysia, China and Thailand, the airport said.

Singapore opened two casino resorts in the first half of the year - the US$5.7 billion Marina Bay Sands and the US$5.1 billion Resorts World Sentosa - as the island nation tries to become one of Asia's top gambling and tourist destinations.

DBS Bank said Singapore would continue to attract strong tourist arrivals.

"The growth rate is sustainable into 2011 as the global economic recovery becomes broad-based and combines with the gradual opening of the resorts," it said in a report.

Changi was the world's seventh busiest airport during the first eight months of this year according to the Geneva, Switzerland-based Airports Council International.

Singapore's economy will likely grow 15.2 percent this year and 4.7 percent in 2011, Credit Suisse said in a report.




 

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