Innovate, please

Article Abstract:

Singapore is investing in promising hi-tech companies to develop its future industrial strength and competitiveness. The Singapore Economic Development Board (EDB) is assigned to seek out innovative organisations considered worthy of government grants. Some companies, such as floppy disk drive researcher O.R. Technology, are Singapore-owned. Others, such as automotive electronics parts manufacturer Delco Electronics Singapore, have a foreign parent company. EDB pledged 119 million Singapore dollars to promote innovative projects in 1996.

Grants to Business, Investments, Economic policy, Singapore, Technological innovations, Subsidies, Business assistance, Singapore. Economic Development Board

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The payola principle: why corruption plagues the Philippines

Article Abstract:

The Philippine government disturbingly accuses outsiders of trouble-making when Filipino executives rate their country East Asia's most corrupt, when in fact the pervasive government is itself at fault. The corruption bred by endless regulations, taxes, licenses and permits bogs down the Philippines' economy, but it arises from an expansive view of government rather than from any inherent aspect of the people who live under it. Happily, all signs suggest that a return to less government would raise the country's prospects.

Corporate Foreign Bribery, Editorial, Bribery, Corporate corruption, Civil service ethics

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Teflon friends

Article Abstract:

Friends of assassinated Philippine President Ferdinand Marcos have managed to hold on to their assets, despite being accused of political corruption during the time Marcos was in power. Newly elected President Joseph Estrada has disbanded the Presidential Commission on Good Government (PCGG), which was set up in 1986 to confiscate assets gained through political corruption. The PCGG has failed to convict anyone of corruption because of the difficulty in proving crimes have taken place.

Intnl Affairs & Finance, National Security and International Affairs, Political aspects

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