Building Scale

TO SINGAPORE EXCHANGE (SGX) chief executive Loh Boon Chye, the strength of the Singapore passport - which now ranks as the world's most "powerful'' since it requires the least number of visas for travel - illustrates well the "scale" that the bourse seeks to achieve.

"We're a small country but we have the number one passport - that's the scale I've been talking about!'' he says enthusiastically. "Scale means we can reach more countries than any other. And it's important to understand scale does not mean size; in fact, scale can be more meaningful than size.''

This idea of scale as opposed to just size surfaced earlier when The Business T…