23 Jul '11, 1am

Are you surprised? How can our SMEs compete with the GLCs flushed with funds from the govt?

SIGNS OF OUR TIMES – FORGING A NEW VALUES CENTRED JOURNEY The write up of GLCs unafir practices is the signs of our times – a bankruptcy of ideas and stealing from our own and throwing the very Singaporean SME out. This is a thought provoking comment and one we must explore how to make it good or even better. True sense haev finally decended. The Japanese nurture and bring their subcontractors of service providers locally and globally as equal partners. Our GLC, from this example, learns everything from the contractors and boot them out. Familiar story isnt it. From pawnshop to funeral parlour to supermarket to education to cleaning to rubbish collection to houses to employment – you have it all. The GLC’s purpose like the SOEs in China is to concentrate on the highly technological areas where capital infusion is an impediment beyond the means of local and so that such ser...

Full article: http://www.temasekreview.com/2011/07/23/glc-stole-busines...

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