Nagato, thanks for setting up the exchange in Singapore, when I am back in Singapore, first thing I am going to do is to open an account and verified with FYB-SG. Don't just go for SG, make Singapore the financial hub for Bitcoins, steady lah!
Ive been thinking of doing this but our banks are too uncompetitive in pricing to allow me to compete with Gox and Bitstamp on pricing. They want 0.25% in commissions per withdrawal + $60-$70 in fees, whereas Gox's bank charges a flat fee per withdrawal.