~ we are chiwasu ?!

and so, his highness was doing some research for a school paper. and as he key in some keywords for a search, he found a really interesting article. at the first thought, he though that it was possible search that could have some potential academic use. on second thoughts, even if it’s not, there is no harm in clicking it.

and well, the article was dated in 2002. hence, his highness seriously doubt the currency and creditability of it. but for fun’s sake…. do check it out… here an abstract of it:-

GOVERNMENT-LINKED companies (GLCs) appear to be playing a bigger role in the Singapore economy than ever before. With Singapore experiencing possibly its worst economic downturn since independence, the government is re-examining its economic policies. The government’s deepening and broadening involvement in private enterprise is among the policies being scrutinized by the government’s Economic Review Committee. Some officials hint at a reversal of this practice but others appear to disagree.

A closer look at the issue suggests that reversing this policy is difficult. The government’s withdrawal from business could hurt the employment, income and ownership interests of people closely connected to it –

1) relatives of senior government leaders,

2) former senior government officials,

3) former senior military commanders,

4) current senior government officials, and

5) current and former ruling party politicians. The outcome may also hurt the government’s efforts to co-opt its politicians from the private sector.

and so, he click on it to discover…

Why it might be difficult for the government to withdraw from business