03 Sep '11, 4am

Alamak, Wikileaks also talk about me

5. (C) Entrepreneurs continue to face obstacles in a number of sectors in the form of Government-Linked Corporations (GLCs), which account for nearly 60 percent of the national GDP. Temasek Holdings, the government’s investment arm, is by far the largest investor in Singapore, with an estimated 50-percent stake in Singapore’s GLCs. GLCs often compete against each other in key markets, making entry by an independently-held company difficult. For example, SingTel and Starhub, both Temasek Holdings companies, compete directly in the wireless service market and will soon do the same in the cable television market. The strong GOS role in directing the economy likely has the unintended result of ”crowding out” natural economic development, according Dr. Sha Reilly, Chief Knowledge Officer at the National Library Board (NLB), which has a mandate to encourage creativity and entrep...

Full article: http://sgentrepreneurs.com/commentary/2011/09/03/wikileak...

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