Amid rising rental costs, the revenue-driven aspect of festive bazaars should be balanced with social and cultural aspects to celebrate the diversity of Singapore’s society, say the Institute of Policy Studies’ Faizal Yahya and Shamsuri Juhari.
. Colorful fabrics of traditional clothing, stalls with interesting decorative posters, and Henna artists creating art on their customers’ hands. Vendors and shoppers chattering cheerfully.
For example, the bazaars organised during the Islamic calendar month of Ramadan is an opportunity for Muslims to feel proud of their culture and identity as they celebrate with other Muslims and non-Muslims alike. A total of seven tenders were offered and a consortium of three companies, S-Lite Event Support, TLK Trade Fair and Events, and Enniche Global Trading, won the bid at S$2.26 million, which was the second-highest bid.
Given that the tender included other considerations besides monetary terms, could this be extended to the wider tender process? This approach could dampen the rising costs and soften the harshness of introducing commercial market principles for such festive and cultural events.
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