WOW! Singapore paid around US$2-3 million (S$2.69 to 4.04 million) in subsidies for all six shows in exchange for being the only stop in the region for pop icon Taylor Swift

According to a report by CNA, Singapore provided subsidies ranging from US$2-3 million (S$2.69 to 4.04 million) for all six shows as part of an agreement securing pop icon Taylor Swift’s exclusive appearance in the region.

Minister for Culture, Community and Youth Edwin Tong clarified to CNA on Mar. 1 that the actual amount is “nowhere as high” as previously speculated, refraining from disclosing the precise figure. He further stated in an interview with Mothership on Feb. 28 that the grant’s actual magnitude differs from online conjecture and assured that further details would be presented during the parliamentary session on Mar. 4.

Regarding the issue of regional exclusivity, Singapore’s deal with Taylor Swift has stirred discontent among neighboring nations. Thai Prime Minister Srettha Thavisin, speaking at a business forum on Feb. 16, alleged that Singapore offered between US$2-3 million (S$2.69 to S$4.04 million) per show to secure exclusivity in Southeast Asia, expressing regret that Thailand was not considered. The Ministry of Culture, Community & Youth (MCCY) and the Singapore Tourism Board (STB) later clarified in a statement on Feb. 20 that STB supported the event through a grant. Philippine lawmaker Joey Salceda criticized the move, stating that it contradicts principles of neighborly relations and solidarity within ASEAN.

Minister Tong refrained from engaging in specific allegations regarding the deal’s impact on regional relations, emphasizing to Straits Times (ST) that it was a commercial decision aimed at advancing Singapore’s interests. He reiterated to CNA that Singapore’s focus remains on catering to the desires of its citizens and enhancing its own cultural landscape, while also suggesting that neighboring countries are free to pursue similar opportunities.

Furthermore, Tong highlighted potential benefits for neighboring countries resulting from hosting Taylor Swift concerts in Singapore, citing reports of fans booking accommodations in Johor Bahru and Batam. He emphasized Singapore’s commitment to providing a top-tier venue and supportive environment for international acts, underlining the importance of maintaining the country’s attractiveness as a destination for such events.

In conclusion, Tong emphasized Singapore’s efforts to remain a preferred destination for international artists like Taylor Swift, aiming to mitigate concerns regarding the nation’s allure as a concert venue.