Some quick news updates today:
1. Temasek pushes ahead WITH its lofty mission (Today Online, Mano Sabnani) dated 23 March 2006. From the article:
“It is building world-class businesses for Singapore; more needs to be done
Temasek Holdings, the giant Singapore investment company, seems to have a lot up its sleeves, in terms of mega acquisitions as well as divestments. Its declared strategy is to secure leadership for its companies in various sectors, in Singapore and beyond, preferably on a global scale.
A lot of spotlight has been on Temasek lately in the blogsphere. It is always important to note that they are the biggest venture capital and private equity group in town.
2. S’pore beats G-7 nations in poll on business cost (Straits Times, Bryan Lee) dated 23 March 2006. From the article,
In particular, the Republic has a clear cost advantage over the Group of Seven (G-7) richest nations in the areas of research and development (R&D), software design and corporate services.
Looks like Singapore’s efforts to shift away from the manufacturing side and be on the high technology sector is working. I don’t doubt that, because most of the entrepreneurs I have met lately placed product development in Singapore and scale the sales of the product elsewhere.
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