If you enjoy the content at iBankCoin, please follow us on Twittert 4:09 a.m. on May 12, Chinese national Ma Chi sped through a Singapore stop light in his $1.4 million Ferrari 599 GTO and slammed into a taxi, killing himself and two others and sparking a wave of anti-foreigner sentiment.
The crash, caught on camera by another cab and viewed more than 7 million times on the Internet, prompted ministers to try to defuse public anger over immigration policies and the rising wealth gap that caused the ruling party’s worst performance since independence in last year’s general election. Within days of the crash, Deputy Prime Minister Teo Chee Hean urged people on his Facebook page not to “blame all foreigners.”
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Without foreigners, Singapore would not have any reason to exist.