What happened to the opening of paypal's HQ in Singapore?

Question

What happened to the opening of paypal's HQ in Singapore?

Answer 1

Paypal's new Regional Headquarter in Singapore will start its operation on 1st August 2006. It will serve Paypal's customers outside United States and European Unions. Customers who are not a resident of United States will be transfered to Paypal Private Limited incorporated in Singapore.

Paypal allows non-US resident can choose either to transfer to Singapore or close account. For those who are not a resident in United States, you may want to take notice of this and contact Paypal directly regarding your account especially if you have large amount of money in the account. New policy will also be announced once the transfer is complete. Do not forget to read and understand about them

BUT......nothing in PayPal's "In The News" and "Press Releases" about the Singapore HQ