Singapore has Produced an Abundance of “Wealth Managers” and not enough “Wealth Creators.”

Posted by Joachim Bartels | Jul 19, 2012 | Singapore, SME Access to Finance Issue, Uncategorized | 0 |

So lamented Ngiam Tong Dow, former permanent secretary of the Singapore Ministry of Finance and the prime minister’s Office of the Government of Singapore.

This is despite almost universal acclaim for the supportive business environment in Singapore. The World Bank has rated Singapore first out of 183 economies in its “ease of doing business” rankings and fourth for “starting a business” — anyone can get a business going in just three days.

Source: Business Insider – To read the full story click on the link

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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