Just read this Temasek Review article:
Point no.3 and no.4 talked about the weak SMEs in Singapore and also the lack of entrepreneurial spirit.
3. Weak SME sector:
Due to the presence of heavy-weights supported by the state which controls more than half of Singapore’s domestic economy, Singapore’s SME sector is very weak compared to Hong Kong, Taiwan and South Korea. SMEs in Singapore doomed to remain “small” and have few chances of emerging from the shadows of these GLCs. Even Singapore’s only internationally recognized brand name Creative Technologies is founded in the United States and not in Singapore. Taiwan has Acer, BenQ, TSM, South Korea has Samsung, LG and Hyundai. What about Singapore? According to prominent U.S. political economist Professor Huang Yasheng, “Singapore and Malaysia had weaker domestic firms in part due to a deliberate governmental bias against private local firms, mainly in the 1960s and 1970s, so foreign firms held a more substantial relative advantage. But in Taiwan, the government provided a sponsorship and financing role, not a managerial role as in Singapore and Malaysia. Capital in Taiwan and Hong Kong went to the most efficient firms, including small, start-up entrepreneurial firms, and was not based on the political or ethnic status of such firms.” (Source: Harvard Business School)
4. Lack of entrepreneurial spirit and flair among Singaporeans:
The insular political system and rigid education system in Singapore do not foster independent-thinking, creativity and entrepreneurship among Singaporeans as these attributes require an environment which allow for critical thinking and questioning of authorities to develop and thrive. Many Singapore students are only contented to secure a stable job upon graduation. Few will dare to start new ventures on their own. The situation is further exacerbated by the government offering scholarships to bright college students which deprive the private sector of the talents it so desperately needs. Though Singapore has one of the most educated workforce in the world, Singaporeans are ill-suited for a knowledge-based economy which require a completely different mindset altogether. To quote from Professor Huang Yasheng again: “Extremely attractive compensation packages in the public sector also mean that the most talented people in Singapore want to work for the government. The private sector is far less lucrative and attracts lesser talents. In the long run, this will be detrimental to the development of a vibrant private sector in Singapore.” (Source: Harvard Business School)
why the need for so many foreigners?
why even cleaners get from overseas?
why talents choose not to join opposition when the country badly needs them?
Old Chang Kee not world class brand meh?
Club88 also world class mah.
Singapore Airlines is our Singaporean world class brand what...
Geyland Serai Rojak also world class mah
Yeh with the exception of Singapore Airlines and that one with all the government help possible.
GIC and Temasek Investment is also world class mah.
Originally posted by Rock^Star:Yeh with the exception of Singapore Airlines and that one with all the government help possible.
Eheh actually to think about it, we got a lot leh...
PSA, CAG(Changi Airport Group) now own/manages airports and ports in other countries too...
Also got quite a few leading advertising firms... Singapore has one of the most number of advertising firms based here in any case... Though Singapore is small...
Originally posted by angel7030:GIC and Temasek Investment is also world class mah.
World class in dumping capital.
Freebees for the world~
Exporting OUR wealth...
Katong laksa
Originally posted by Fryderyk HPH:Eheh actually to think about it, we got a lot leh...
PSA, CAG(Changi Airport Group) now own/manages airports and ports in other countries too...
Also got quite a few leading advertising firms... Singapore has one of the most number of advertising firms based here in any case... Though Singapore is small...
Wah all govt linked one ah. What abt brands like Apple, Samsung, Acer, Nokia, Borsch, Mitsubishi, Toyota, Boeing, Embraer etc...you knw those kind of brands.
Do not feed the troll pple.
maybe most just want to spend time on family wife and children....people like microsofts bill gates took 10 years to have the world buy his product.creative director sim took a decade too b4 his new designed product went onto market.even thomas edison took many years before his light bulb went somewhere.as long as its useful people will buy it.
however people dun wanna build anything or make new stuff.they would rather go disco,,make babies.....get married and hope dont get retrenched.
this planets progress is somewhat slow as its the culture of this planet to be unprogressive in nature.from red tapes,unsafe acts to anything that slows things down.
best world rid itself of such people n civilisations for the better of mankind.
Katong Laska
is world class...
also
spore has world class geylang...heard it is a MNC town
Originally posted by Rock^Star:Wah all govt linked one ah. What abt brands like Apple, Samsung, Acer, Nokia, Borsch, Mitsubishi, Toyota, Boeing, Embraer etc...you knw those kind of brands.
Singapore all the world-class companies all gahmen linked one mah~...
ROFL!
singapore only has geylang,old chang kee and katong laksa
and creative sound card company isnt exactly doin well too.
so little science and tech side...maybe thats why alot of ang mo dont look up to common singaporeans.
maybe from their view ,its like thailand......onlyt has red light district and food they dont understand.on thai tech side they got almost same as spore aka almost zero world tech companies.
Originally posted by Fryderyk HPH:World class in dumping capital.
Freebees for the world~
Exporting OUR wealth...
well, that is world class too.
Originally posted by Hitman~:singapore only has geylang,old chang kee and katong laksa
and creative sound card company isnt exactly doin well too.
so little science and tech side...maybe thats why alot of ang mo dont look up to common singaporeans.
maybe from their view ,its like thailand......onlyt has red light district and food they dont understand.on thai tech side they got almost same as spore aka almost zero world tech companies.
hello, thai produce toyota and honda ok...and malaysia boleh give proton saga and anwar ibrahim.
Originally posted by Hitman~:singapore only has geylang,old chang kee and katong laksa
and creative sound card company isnt exactly doin well too.
so little science and tech side...maybe thats why alot of ang mo dont look up to common singaporeans.
maybe from their view ,its like thailand......onlyt has red light district and food they dont understand.on thai tech side they got almost same as spore aka almost zero world tech companies.
i think these brands are regional leh haha. Creative is history.
toyota is not thai!!is japanese...proton saga is malaysian and that too was made mainly with all help from japanese.they are as real as laksa from an instant noodle pack!
rockstar.....so far the only thing i see from spore is laksa premixed spice!!the rest are designed in usa and made in malaysia n spore.....it means all the best ideas originate friom the usa.why is that so??
maybe i could become a docyumentary host and make a documentary on it,,,,then that dvd documentary would be world class
Who say Singapore has no world class brand?
We have world class brand, the brand is PAP, PAP branded product fetching world class pay equals world class brand.
Originally posted by Hitman~:toyota is not thai!!is japanese...proton saga is malaysian and that too was made mainly with all help from japanese.they are as real as laksa from an instant noodle pack!
Then Hitman from where? dun worry, our IRs and casinos is going to beat them all.