Why Singapore Gets Savvy on Strategic Development

Armed with two mega state funds, Temasek Holdings and GIC, Singapore holds water among giants in the region.

singapore_annsiang_sky

When Singapore became independent, the country had no natural resources and faced a number of challenging issues. The late Lee Kuan Yew, Singapore’s first prime minister, ambitiously drove reforms to turn Singapore into a financial and regional powerhouse. Foreign trade and investment were important national goals for Singapore, thus luring multinational companies.

A Partnership Fund for Global Expansion

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