Asia’s richest woman Gina Rinehart has said Australia should follow the example of Singapore’s former prime minister to stimulate economic development in its northern regions.
"The north has the potential to develop beyond our imaginations," said 59-year-old Rinehart, according to a transcript of a video presentation for a mining conference today in Melbourne. “We should learn from the successful economic policies of Lee Kuan Yew, who transformed Singapore."
Rinehart, whose wealth is estimated at US$17.1 billion by the Bloomberg Billionaires Index, has been a frequent critic of Australia's taxes on carbon emissions, coal and iron-ore profits, creating tensions with Australian Prime Minister Julia Gillard’s government. She is both the richest person in Australia and the richest woman in Asia.
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