32% of Singaporean Millionaires are Indonesians

According to Merrill Lynch, about 18,000 of Singapore's 55,000 "high net-worth individuals" [millionaires] are of Indonesian origin, says a Financial Times story yesterday.

It is not hard to find articles alleging S'pore is basically an Indonesian & Burmese money-laundering operation. But we have argued before, Singapore is in business to make money. So that's what it does.

But, for BoI's readers who happen to not be Indo-porean millionaires, here's a story on shopping at Mustafa, better than all the Harbourfronts and Raffles Cities and Tangs put together.