If I'm not mistaken, one of the two major shareholders of Red Bull is from Singapore, with the other one being our own Dietrich Mateschitz. (I'm Austrian.)
But maybe I'm mistaken and that shareholder is from somewhere completely different.
I study geography, so the first thing that pops to mind is traffic
Singapore cars are the most expensive. And people still buying them despite the fact that a Toyota Corolla cost over USD $120 000.
One may think that Cars are very expensive here. So locals will only buy low end cars. This causes one to get the wrong ideas. Top selling car brands every year are Mercedes and BMW in Singapore.