Great news! Singapore passport is the most powerful in the world now.

https://sg.news.yahoo.com/singapore-now-powerful-passport-world-index-013119189.html

What does this mean?

Basically, it just means that we can go to many countries without applying for VISAs.

That's about it.  Don't expect other fringe benefits to be attached to SG passport.  We still need to go through the same custom checks like other passports unless you are holding a diplomatic passport.