Yeast for risk-takers

Article Abstract:

Singapore's senior minister Lee Kuan Yew said in his Jan 8,1993 speech that the city-state of Singapore is planning to create a committee composed of delegations from government ministries and semi-government agenciessuch as the Economic Development Board and Trade Development Board. Representatives from the private sector will be given majority seats. The goal of the program is to develop successful manager-entrepreneur types of leaders who will be assigned to Government Linked Companies and hold top positions in US multinationals.

Management services, Management and Public Relations, Economic policy, Training, Entrepreneurship

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Being pushed on world stage

Article Abstract:

Theglobal expansion target of Singapore's banks is hampered by the country's shortage of management experts and the wariness of foreign countries to welcomethem into their areas. Locally, the banks have been experiencing financial stability, as proven by their ability to exceed, by 1993, the 12% capital adequacy standard set by the Monetary Authority of Singapore. The banks have been adopting different strategies to increase their capital base in preparation for an overseas expansion.

Commercial Banks, Banking industry, Industry Overview, Planning

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