You are here -allRefer - Reference - Country Study & Country Guide - Singapore >

allRefer Reference and Encyclopedia Resource

allRefer    
allRefer
   


-- Country Study & Guide --     

 

Singapore

 
Country Guide
Afghanistan
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belize
Bhutan
Bolivia
Brazil
Bulgaria
Cambodia
Chad
Chile
China
Colombia
Caribbean Islands
Comoros
Cyprus
Czechoslovakia
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
Georgia
Germany
Germany (East)
Ghana
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Israel
Cote d'Ivoire
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Latvia
Laos
Lebanon
Libya
Lithuania
Macau
Madagascar
Maldives
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Nepal
Nicaragua
Nigeria
North Korea
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Seychelles
Singapore
Somalia
South Africa
South Korea
Soviet Union [USSR]
Spain
Sri Lanka
Sudan
Syria
Tajikistan
Thailand
Turkmenistan
Turkey
Uganda
United Arab Emirates
Uruguay
Uzbekistan
Venezuela
Vietnam
Yugoslavia
Zaire

Singapore

State-Owned Enterprises

Over time, the statutory boards not only became major actors in the economy but also formed subsidiary companies to add flexibility to their own operations. For example, in 1986 the Singapore Broadcasting Corporation formed a subsidiary to produce commercials on a fee-for-service basis. The government entered other areas of the economy that it considered appropriate, exerting leadership, assuming risk, and not hesitating to withdraw its support or close down unprofitable companies.

Numerous state and quasi-state companies were created either directly by ministries or, more often, organized under three wholly owned government holding companies (Temasek Holdings (Private) Limited, MND Holdings, and Sheng-Li Holding Company), which provided a wide range of goods and services. Joint ventures between the government and both domestic and foreign partners produced several industrial products, including steel and refined sugar. In addition, the National Trades Union Congress (NTUC), which was closely tied to the government, ran many cooperative businesses, including supermarkets, taxis, and a travel agency.

Although these companies collectively contributed significantly to the growth of the economy, neither their total amount of profits nor their rate of return on investment could be documented. In 1983 some 450 such companies, excluding subsidiaries of the statutory boards, employed 58,000 workers, or 5 percent of the labor force. In 1986 there were approximately 500 such companies still active. These different institutional forms permitted versatility.

Data as of December 1989

Singapore - TABLE OF CONTENTS

  • The Economy

  • Go Up - Top of Page

    Make allRefer Reference your HomepageAdd allRefer Reference to your FavoritesGo to Top of PagePrint this PageSend this Page to a Friend


    Information Courtesy: The Library of Congress - Country Studies


    Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

     

     

     
     


    About Us | Contact Us | Terms of Use | Privacy | Links Directory
    Link to allRefer | Add allRefer Search to your site

    ©allRefer
    All Rights reserved. Site best viewed in 800 x 600 resolution.