tag:blogger.com,1999:blog-8827849.post4896031627782017041..comments2023-10-23T21:22:28.704+08:00Comments on Deep thoughts of a Singapore Critic: What is fair regulation?Yee-wei Chaihttp://www.blogger.com/profile/10607118963494740585noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8827849.post-18536772976821750012009-01-23T15:19:00.000+08:002009-01-23T15:19:00.000+08:00The situation in Spore might be worst than what pe...The situation in Spore might be worst than what people know because many cases are covered up. You would consider clearing account payable and receivable on time or asap is good practice. But, those contractors of the state-owned companies will know the real situation. Only salary arrears to foreign workers by private companies are reported. Those involving state-owned companies will never be mentioned. The contractors are being squeezed and remain silent simply because they still need the future contracts. There is hardly good corporate governance in Spore when one includes state-owned companies. Think of it, the system very much like the old days (present days too?) communist China. Relationship and elitism are the foundations of doing business here. Private companies (SME not those powerful MNC) have no place here because whatever business that can make profit will be covered by state-owned companies, except perhaps those in Geylang.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8827849.post-29915519716045952232008-08-26T12:12:00.000+08:002008-08-26T12:12:00.000+08:00it's hard to do business in Singapore if u r compe...it's hard to do business in Singapore if u r competing with the gahmen. At best you can make some profit, but you certainly won't be making obscene profits. Obscene profits are "reserved" for businesses run by the gahmen or those that are not competing with the gahmen.Mockingbirdhttps://www.blogger.com/profile/06138644598929711369noreply@blogger.comtag:blogger.com,1999:blog-8827849.post-61869208744135987002008-08-15T17:03:00.000+08:002008-08-15T17:03:00.000+08:00HiyaJust wanted to clarify that Mr Tan does not ru...Hiya<BR/><BR/>Just wanted to clarify that Mr Tan does not run TOC -- but he does write for us. He's one of our senior writers. :)<BR/><BR/>Selene<BR/>Sub-editor, TOCAnonymousnoreply@blogger.com