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Will PAP deny that GLCs account for 60% of GDP? So what TJS said was true?

Confuseous

Alfrescian (Inf)
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LKY has denied spitting venom on some religion.
Yaacob said his children enjoy dual citizenship but son will go through NS.
But nothing was said about his wife. Why? Your guess as good as mine.
Clue : boleh cabot lah.



Government Itself a Cause
-------------------------

¶5. (C) Entrepreneurs continue to face obstacles in a number
of sectors in the form of Government-Linked Corporations
(GLCs), which account for nearly 60 percent of the national
GDP. Temasek Holdings, the government's investment arm, is
by far the largest investor in Singapore, with an estimated
50-percent stake in Singapore's GLCs. GLCs often compete
against each other in key markets, making entry by an
independently-held company difficult. For example, SingTel
and Starhub, both Temasek Holdings companies, compete
directly in the wireless service market and will soon do the
same in the cable television market. The strong GOS role in
directing the economy likely has the unintended result of
"crowding out" natural economic development, according Dr.
Sha Reilly, Chief Knowledge Officer at the National Library
Board (NLB), which has a mandate to encourage creativity and
entrepreneurship among young Singaporeans.

- http://thesatayclub.net/2011/09/wikileaks-government-stifles-entrepreurship-higher-education/
 
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