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Government-linked corporations play a substantial role in Singapore's domestic economy. These GLCs are partially or fully owned by a state-owned investment company, Temasek Holdings. As of November 2011, the top six Singapore-listed GLCs accounted for about 17% of total capitalization of the Singapore Exchange (SGX).
合同会社 (gōdō gaisha or gōdō kaisha, "G.K.") – lit. "amalgamated company", a close corporation form similar to the American LLC, introduced in 2006 有限会社 (yūgen gaisha or yūgen kaisha, "Y.K.") – lit. "limited company", a close corporation form for smaller businesses, abolished in 2006 and replaced by G.K. above
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
Most legal jurisdictions specify the forms of ownership that a business can take, creating a body of commercial law applicable to business. The major factors affecting how a business is organized are usually: The size and scope of the business firm and its structure, management, and ownership, broadly analyzed in the theory of the firm ...
GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves.Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, from which the acronym "GIC" is derived, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above ...
Enterprise Singapore was formed through the merger of International Enterprise Singapore (IE) and SPRING Singapore. It is an integration of IE Singapore and SPRING Singapore’s functions. [ 4 ] SPRING Singapore was responsible for helping startups and SMEs in financing, capability and management development, technology, and innovation. [ 2 ]
According to the NCS Group, the incident arose out of a dispute between NCS Group's main contractor Shanghai Chong Kee Pte Ltd, and sub-contractor Zhengda Corporation, and the 9 workers who protested were employees of the sub-contractor, Zhengda Corporation. According to Zhengda Corporation, Shanghai Chong Kee had not make payment to it for weeks.
The Government of Singapore invests heavily in education to equip citizens with the necessary knowledge and skills to compete in the global marketplace. [2] Singapore currently spends around a fifth of its national budget on education. [3] To boost its economic standing, the Government of Singapore created a mandate that most Singaporeans learn ...
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