*edit*
Granted, the cable is a bit old by now... but it is surprising how little has changed in the meantime. Interesting to note:
That has not changed too much, if I look at the latest report: http://www.gemconsortium.org/docs/2800/ ... 012-report .The
2007 Global Entrepreneurship Monitor Report (GEM) showed
that, among the surveyed OECD and developed economies,
Singapore was consistently below the mean for all indicators
of social and cultural attitudes toward entrepreneurship.
We all know that GLCs are major economic players here, but the magnitude surprised me a bit.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.