Online, there are various discussions about the size of the Singapore government’s sponsorship for the concert. Mr. Edwin Tong affirmed that all speculations are incorrect. “Those numbers are not true and not as high as rumored. But due to business secrets, we cannot disclose the size and specific conditions of the grant,” he added.​

Mr. Edwin Tong said Singapore’s economy benefits greatly from Taylor Swift. Photo: CNA.
Last month, The Straits Times reported that economists estimated Singapore’s tourism revenue would increase by about $500 million. However, the actual number must wait until after the end of the concert on March 9.

The Eras Tour in Singapore is Taylor Swift’s first Southeast Asia tour, taking place in 6 nights, including March 2-3-4 and March 7-8-9. The first night, Singapore National Stadium was filled with 55,000 spectators. The following nights recorded equally large audiences. Many international artists such as Lisa (BlackPink) and SHINee’s Minho also appeared on the music show.

The worldwide hit tour brought Swift huge profits, helping her rise to the rank of billionaire. In December 2023, Guinness recognized her The Eras Tour as the highest-grossing concert series of all time, reaching more than one billion USD, surpassing Elton John’s record of 939 million USD. Singers earn about 85% of total ticket sales – a high ratio that is rare in the music industry.