Benefits of bringing Taylor Swift tour to Singapore "outweigh the size of the grant": Edwi

Taylor Swift's Eras Tour has "significant" economic benefits that "outweigh the size of the grant" that given to the concert promoter, said Singapore's Minister for Culture, Community and Youth Edwin Tong in Parliament on Monday (Mar 4). This revenue from such top-tier events is also ploughed back into "non-revenue generating, highly impactful social events", he added. Mr Tong also responded to questions about how negotiations were conducted to bring Taylor Swift's concerts to Singapore. Read more: https://cna.asia/49YPv7I Chapters: 0:00 Introduction 2:01 The decision to woo Taylor Swift's team 3:08 How STB got involved 3:46 How economic benefits are "significant" 6:02 The "intense" competition Singapore faces from neighbours 6:40 How the government includes lower-income families 8:58 Supplementary questions on local musicians and whether confidentiality was breached 11:43 Supplementary question on Singapore's "concert economy" 16:32 Supplementary question on the need for taxpayer-funded grants Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia