The Singapore Tourism Board and the Ministry of Culture, Community and Youth said on Feb 20 that Taylor Swift’s sold-out concerts in Singapore in March had received support from the authorities in the form of a grant. This comes after Thai Prime Minister Srettha Thavisin's comments on Feb 16 that the Singapore Government offered subsidies in exchange for Swift agreeing not to perform elsewhere in South-east Asia.

Is paying for concert exclusivity a common practice? How does it benefit Singapore's economy and does it make financial sense to give a grant?

Dr Kevin Cheong, Managing Partner, Syntegrate LLP weighs in. 

The Singapore Tourism Board and the Ministry of Culture, Community and Youth said on Feb 20 that Taylor Swift’s sold-out concerts in Singapore in March had received <a href="https://www.straitstimes.com/singapore/stb-gave-grant-for-taylor-swift-concerts-event-likely-to-generate-major-benefits-for-s-pore-economy-govt">support from the authorities in the form of a grant</a>. This comes after Thai Prime Minister Srettha Thavisin's comments on Feb 16 that the Singapore Government offered subsidies in exchange for Swift agreeing not to perform elsewhere in South-east Asia. Is paying for concert exclusivity a common practice? How does it benefit Singapore's economy and does it make financial sense to give a grant?
Dr Kevin Cheong, Managing Partner, Syntegrate LLP weighs in.

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