Personal Finance
Singapore’s $1.23B Drug Crime Industry Isn’t Talked About Enough
By Seedly  •  February 9, 2020

In Singapore, many things are taboo: the birds and the bees, same-sex marriages and relationships (though that’s slowly changing), euthanasia, and strong opinions on religion or politics. Up until recently, mental health fell in this category, too.

Then there’re drug crimes, which were valued at some $1.23 billion in a 2015 NTU study.

Source: Unsplash

The sum factored in the salaries that convicted abusers could’ve earned during the length of their imprisonment, as well operating costs at key anti-drug agencies including the Central Narcotics Bureau (CNB), Drug Rehabilitation Centre (under Singapore Prison Service) and Singapore Narcotics Association (SANA).

This estimate, however, notably excluded the intangible costs pegged to drug crimes — such as the emotional trauma inflicted on an abuser or trafficker’s family, debt, lost lives or loss of productivity to society.

What Defines Drug Crimes?

To be clear, drug crimes refer to the consumption, possession, sale, trafficking

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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