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PW -ZM/fl.\-. ' ' ttl'lF. U Y Q I A tt?blsD1^ ffR E ST R IC TE D Report No. DB-55a Public Disclosure Authorized This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibHftv fnr its ntrorvn r rnmnpltenes The report may not be published nor may it be quoted as representing their views. TMTVPMATT(hNAT&L BANK PC)R RECONSTRUCITION AND DTlVP.T.CPMVNT INTPRNATTCONAT DEVELOPMENT ASSOCTATION Public Disclosure Authorized APPRAISAL OF DEVELOPMENT BANKC OF SINGAPORE LTD. Public Disclosure Authorized December 29, 1969 Public Disclosure Authorized Development Finance Companies Department Currency Equivalents 3$ 1 US$ C).327 US$ 1 ,S$ 3.06 S$ 1 million = US$327,000 APPRAISAL OF DEVELOPMENT BANK OF SINGAPORE LTD. CONTENTS Page Paragrc+h SUTPINARY i - ii i - vi.i I. 2ITRODUCTION 1 - 2 1 - 2 II. ENVEIRONMENT 1 - 5 3 - 21 Recent Economic Growth 2 4 Industrial Expansion 2 - 5 - 8 Industrial Finance 2 - 9 9 - 21 III. ESTABLISHIDENT OF DBS 5 - 9 22 - 38 Formation 5 22 - 24 Scope of Operations 5 - 6 25 - 26 Ownership 6 - 7 27 - 30 Board of. Directors 7 31 Executive Committee 7 - 8 32 - 33 MlaInagement and Staff .8 - , 3) = 3 vT. RESOURCES ldrID PFOOR`TFOLIO -l 1 1 39l GP Resources 9 - 39 - 4 Loan Portfolio taken over from 7B 10 - 11 42 - 46 Undisbursed EDB Commitments 11 47 EDBis Equity Portfolio 11 48 V. POLICIES AhD PROCEDuRES 12 - i4 49 - 58 Policies 12 - 13 49 53 Procedures 13 - 1 5 - 58 VI. DBS'S OPERATIONS l - 18 59 - 67 Summary of Operations 14 59 - 60 Long-term Lending Operations 15 - 16 61 Light lndustries Loans 16 62 Equity Investments 17 63 Conmercial Banlcing Operations 17 6L Guarantees 17 65 Underwriting Activities 17 66 Real Estate Operations 17 - 18 67 Page Paragraph VII. -
One Party Dominance Survival: the Case of Singapore and Taiwan
One Party Dominance Survival: The Case of Singapore and Taiwan DISSERTATION Presented in Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy in the Graduate School of The Ohio State University By Lan Hu Graduate Program in Political Science The Ohio State University 2011 Dissertation Committee: Professor R. William Liddle Professor Jeremy Wallace Professor Marcus Kurtz Copyrighted by Lan Hu 2011 Abstract Can a one-party-dominant authoritarian regime survive in a modernized society? Why is it that some survive while others fail? Singapore and Taiwan provide comparable cases to partially explain this puzzle. Both countries share many similar cultural and developmental backgrounds. One-party dominance in Taiwan failed in the 1980s when Taiwan became modern. But in Singapore, the one-party regime survived the opposition’s challenges in the 1960s and has remained stable since then. There are few comparative studies of these two countries. Through empirical studies of the two cases, I conclude that regime structure, i.e., clientelistic versus professional structure, affects the chances of authoritarian survival after the society becomes modern. This conclusion is derived from a two-country comparative study. Further research is necessary to test if the same conclusion can be applied to other cases. This research contributes to the understanding of one-party-dominant regimes in modernizing societies. ii Dedication Dedicated to the Lord, Jesus Christ. “Counsel and sound judgment are mine; I have insight, I have power. By Me kings reign and rulers issue decrees that are just; by Me princes govern, and nobles—all who rule on earth.” Proverbs 8:14-16 iii Acknowledgments I thank my committee members Professor R. -
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Mil:tlllwxCIf 'IE_'1,l ,, jXS |.fiX 5!ii-__________=ie.r ... .... ... ............... % RMi iJE; _ _____ 1 SE.DI rl n= D~~~~~~~~9 111 Public Disclosure Authorized EaiMi .>~ ~ ~ ~ ~ I'~ ~ GJlN~ l f ______1..MFg EIIn~~~~~g-km. ...... w DI[, t_i _ :... _ _ _,, 3,i,, _i ii_i4i_. Ji T T. Public Disclosure Authorized iS~' ~ ~ I I' ' I A' 4,,,,1,,',I |n~~1 A _ _~ -- =V Public Disclosure Authorized strsjsi li l1le > flill julj 11' ; 1Ci1:llil 3E 81 gt¢W4t jtlu l--:-:------------ .. ~ ~ . = ~1 _ .. _ .. ._ ........................UU....N...IIEIHI. _=__ft!JII!tl lEIIIUh_.,,,_B=I,iJJIIhUEIlJU ,__=IIII3EUIUIIIflII!1I.................................z==_ Public Disclosure Authorized ,~ _.=~ ~ _ _ _== = ,, THE LESSONS OF EAST ASIA Singapore Public Policyand Economic Development Teck-Wong Soon C. Suan Tan The World Bank Washington, D.C. Copyright © 1993 The International Bankfor Reconstruction and Development/THEWORLD BANK 1818H Street, N.W. Washington, D.C 20433,U.S.A. All rights reserved Manufachtred in the United States of America First printing October 1993 The-findings,interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the World Bank,to its affiliatedorganizations, or ;,o members of its Board of ExecutiveDirectors or the countries they represent. The World Bank does not guarantee the acCuracyof the data included in this publication and accepts no responsibilitywhatsoever for any consequenceof their use. Ary maps that accompany the text have been prepared solely for the convenienceof readers; the designations and presentation of material in them do not imply the expression of any opinion whatsoever on the part of the World Bank,its affiliates,or its Board or member countries concerng the legal status of any country, tenitory, city, or area or of the authonrtes thereof or concerningthe delimitati of its boundaries or its national affiliation. -
Dialogue with Minister Mentor Lee Kuan
DIALOGUE WITH MINISTER MONTOR LEE KUAN YEW AT THE ASSOCIATION OF BANKS IN SINGAPORE’S 37 TH ANNUAL DINNER TRANSCRIPT OF MINISTER MENTOR LEE KUAN YEW’S DIALOGUE ON 25 JUNE 2010 AT SHANGRI-LA HOTEL Moderator : “Good evening, ladies and gentlemen, friends and colleagues. It is indeed a privilege to have Minister Mentor Lee Kuan Yew join us for a dialogue. I’m pleased to be your moderator. But really, my job is to warm up the Minister Mentor to have a dialogue with you, rather than with me. Not that he needs warming up…actually, you need warming up. So I’ll ask the first few questions. Minister Mentor doesn’t need any introductions so I propose that we get started right away. So please do think of the questions you want to ask. “I should start by saying that I must complement the Minister Mentor for his sartorial elegance. I have not seen Minister Mentor looking so good for a long time. Let me start, Minister Mentor, by taking you back 40 years. The financial sector in Singapore – the audience here and the institutions they represent – has been an important contributor to Singapore’s GDP for over 4 decades. And the question I have, really, is, ‘what was it that made you and Dr Goh believe that financial services would succeed in Singapore? What was the vision then? What was in your head when you launched…(the financial centre)’ Mr Lee : “But first, let me explain my attire. I was in Beijing recently and there was a Singaporean there who was doing a big job in the clothing business. -
UNDP and the Making of Singapore's Public Service
UNDP and the making of Singapore’s Public Service Lessons from Albert Winsemius © 2015 UNDP Global Centre for Public Service Excellence # 08-01, Block A, 29 Heng Mui Keng Terrace, 119620 Singapore UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sus- tain the kind of growth that improves the quality of life for everyone. On the ground in more than 170 countries and territories, we offer global perspective and local insight to help empower lives and build resilient nations. The Global Centre for Public Service Excellence is UNDP’s cata- lyst for new thinking, strategy and action in the area of public service, promoting innovation, evidence, and collaboration. Disclaimer The views expressed in this publication are those of the author and do not necessarily represent those of the United Nations, including UNDP, or the UN Member States. Cover images Vanessa Leong Yi Tian Printed using 55% recycled, 45% FSC-certified paper. Photo: UNDP GCPSE Contents Foreword i Introduction 1 1. The Singapore that was 2 2. Earlier international assessment and reports 3 3. Why Winsemius? 5 4. The EPTA / UNDP Mission – Getting the team right 8 5. The Mission’s work in Singapore 10 6. Impact of the EPTA / UNDP Mission’s report 14 7. The Common Market and the union with Malaysia 17 8. Becoming the “global city” 20 9. In Winsemius’ view – Five phases of Singapore’s growth 24 10. The ‘UN-orthodox’ economist 30 11. UNDP and the making of Singapore’s public service 35 12. -
Living in Singapore: Housing Policies Between Nation Building Processes, Social Control and the Market Denis Bocquet
Living in Singapore: Housing Policies between Nation Building Processes, Social Control and the Market Denis Bocquet To cite this version: Denis Bocquet. Living in Singapore: Housing Policies between Nation Building Processes, Social Control and the Market. Territorio, 2015, Domesticating East Asian Cities (guest edited by Filippo De Pieri and Michele Bonino), pp.35-43. 10.3280/TR2015-074006. hal-01224147 HAL Id: hal-01224147 https://hal.archives-ouvertes.fr/hal-01224147 Submitted on 5 Nov 2015 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Living in Singapore: housing policies between nation-building processes, social control and the market Denis Bocquet (Ecole nationale supérieure d’architecture de Strasbourg / AMUP research unit) DOI:10.3280/TR2015-074006 Published in: Territorio, 74, 2015, p.35-43 (part of a special issue guest-edited by Filippo De Pieri and Michele Bonino: Domesticating East Asian Cities). Please quote as such. The published version also contains various illustrations from the National Archives of Singapore. It is available for download on the online platform of the publisher: http://www.francoangeli.it/ Housing policies have been at the very core of the national ideology of Singapore since the time of independence in 1965. -
102 LIVE FREE Old Frees’ Contribution to Singapore’S Success Story
CHAPTER Old Frees 9 Profiles 102 LIVE FREE Old Frees’ Contribution To Singapore’s Success Story What is astonishing too is that the Penangites in Singapore’s administration and three judges mentioned – Tan Ah Tah, the professions that if all were to return home, The Judiciary AV Winslow and JWD Ambrose were all Singapore would not be able to function! Queen’s Scholars. Lawyer and Old Free Kok Weng On And it is not just the judiciary that pointed out, “At one time in the history Old Frees have dominated. They have also of Singapore, the judiciary was almost occupied some of the highest levels of other completely ‘run’ by Old Frees — from the areas of Singapore’s public service as well as Chief Justice and the judges, the Chief t is a well-known fact that Old Frees in private enterprise. Registrar, the Attorney-General and the have dominated some of the top Singapore’s first Speaker of Parliament, Solicitor-General. The legal might of Penang positions in Singapore’s public service Yeoh Ghim Seng, a prominent surgeon, was Free School!” I- a tribute indeed to the calibre of students an Old Free. So was Lim Ho Hup, described who have gone through the portals of the by former PM Lee as the “lieutenant” HOW IT CAME ABOUT venerable Penang Free School (PFS). of then chairman of the Economic How, you might ask, did all this come about This is most apparent in the case of Development Board, Hon Sui Sen (himself – that is, the prominence of Old Frees in Singapore’s Judiciary. -
Journal of International Studies
ISSN 2464-9929 Association for Research, Innovation and Social Science GLOBAL POLITICS REVIEW Journal of International Studies www.globalpoliticsreview.com Volume 1, Issue 1, October 2015 Global Politics Review Journal of International Studies Volume 1, Issue 1, October 2015 ISSN 2464-9929 Copyright © 2015 Global Politics Review - Associazione per la Ricerca, Innovazione e Scienze Sociali - All rights reserved. This journal may not be reproduced, in whole or in part, including illustrations, in any form (beyond that copying permitted by the Italian Law No. 633 of April 22, 1941, on the Protection of Copyright and Neighboring Rights - as amended up to Law No. 2 of January 9, 2008), whitout written permission from the publishers. --- For information on subscriptions, visit www.globalpoliticsreview.com or contact us at [email protected]. Articles from Global Politics Review are discoverable through EBSCOhost research databases. --- Published by the Associazione per la Ricerca, Innovazione e Scienze Sociali [Association for Research, Innovation and Social Science] Tax Code (CF): 97748700016 Address: Via Cernaia 14, 10122, Turin, Italy. E-mail: [email protected] Fax: (+39) 011 0371950 2 Global Politics Review, Vol. 1, No. 1. Content 4 Letter from the Editor 6 Editorial Team 7 About the Journal PAPERS 8 Transnational Theory, Global World: Theory Matters, Not Geography Phoebe Gardner 18 The Hungarian Connection: the 1956 Hungarian Revolution and its Impact on Mao Zedong’s Domestic Policies in the late 1950s -
Prime Minister's Tribute to the Late Mr Hon Sui Sen In
1 PRIME MINISTER’S TRIBUTE TO THE LATE MR HON SUI SEN IN PARLIAMENT ON 20 DECEMBER 1983 It is with a heavy heart that I pay this tribute in memory of Hon Sui Sen. From August 1970 to October 1983, he was the Finance Minister. He steered our economy through two oil crises. But for a mild hiccough of the low 4% growth in 1974 he secured an average of 8½ % real growth for this period. In his unassuming way, he never claimed any credit for it. In truth he had worked for the 11 years previous to 1970 to help lay the foundation for this success. As Permanent Secretary ( Economic Development ) in Finance Ministry from 1959, Chairman EDB 1961-68, Chairman and President DBS 1968-1970, he helped Goh Keng Swee to work out the strategy for our economy transformation. At a micro-level, he was Chairman of nine companies the Government held equity in - National Iron & Steel Mills Ltd Jurong Shipyard Ltd Sembawang Shipyard (Pte) Ltd Keppel Shipyard (Pte) Ltd Neptune Orient Lines Ltd Jurong Shipbuilders Ltd Singapore Electronic & Engineering Ltd lky/1983/lky1220.doc 2 The Insurance Corporation of Singapore Ltd Singapore Petroleum Company He was also a Director of INTRACO. In 1970 I was confronted with the awesome prospect of moving Goh Keng Swee from the Ministry of Finance to Defence. Ministry of Defence needed him to move from the first stage of basic military training to the second stage of weapons systems and brigade structures. I was in a quandary. An inadequate Finance Minister would be a disaster. -
Uss-Housing.Pdf
Housing: Turning Squatters into Stakeholders - An immediate task facing Singapore’s first independent government was to fix the housing problem. The housing landscape in the post-war 1940s and 1950s was a melange of slums, overcrowding, unhygienic living conditions and a lack of decent accommodation. Singapore now boasts high standard of living with over 80 percent of Singapore’s resident population living in public housing. How has Singapore managed this in a mere half-century? Drawing from first-hand interview material with urban pioneers and current practitioners, this study traces the evolution of Singapore’s public housing story. Beyond the brick and mortar, it interweaves and fleshes out how Singapore has managed to use public housing policies to achieve wider social and nation building goals - to root an immigrant population and build a home-owning democracy; eradicate ethnic enclaves; meet the aspirations of Singapore’s growing middle class; care for the less fortunate; and foster a sense of community. The Singapore Urban Systems Studies Booklet Series draws on original Urban Systems Studies research by the Centre for Liveable Cities, Singapore (CLC) into Singapore’s development over the last half-century. The series is organised around domains such as water, transport, housing, planning, industry and the environment. Developed in close collaboration with relevant government agencies and drawing on exclusive interviews with pioneer leaders, these practitioner-centric booklets present a succinct overview and key principles of Singapore’s development model. Important events, policies, institutions, and laws are also summarised in concise annexes. The booklets are used as course material in CLC’s Leaders in Urban Governance Programme. -
Government-And-Thiversities Tabfoie-Du-De the Pressures for Expansion, While Still Supplying Vital Skills Needed for Development? (Author/LBH)
DadOKENT --------- - ED 134 109 HE 008 590 AUTHOR Tapingkae, Amnuay, Ed. TITLE Higher Education and Economic Growth in Southeast Asia. INSTITUTION Regional Inst. of Higher Education and Development, Singapore. PUB D:STE 76 NOTE 96p.; For related studies, see HE 008 588-590 AVAILABLE FROM Regional Institute of Higher Education and Development, CSSDI Building, Henq Mui Keng Terrace, Singapore 5 ($6.00) EDRS PRICE MF-$0.83 Plus Postage. HC Not kvailable from EDRS. DESCRIPTORS Campus Planning; Costs; *Developing Nations; Educational Demand; *Educational Economics; *Educational Supply; *Foreign Countries; Government Role; Growth Patterns; *Higher Education; *Manpower Needs; School Expansion; Universities IDENTIFIERS *Asia (Southeast); Indonesia; Malaysia; Singapore; Thailand; Vietnam ABSTRACT This research project, which was originally mounted in five countries--Indonesia, Malaysia, Singapore, Thailand, and Vietnam--is concerned with four key questions. They are:(1) What are the social and economic forces that contribute to the rapid expansion of universities in Thailand, Malaysia, Indonesia, and Singapore? (2) What are the monetary and nonmonetary costs and benefits of this expansion? (3) Is this expansion warranted by or necessary for economic growth? (4) If the expansion is-unwarranted, what steps can government-and-thiversities tabfoie-du-de the pressures for expansion, while still supplying vital skills needed for development? (Author/LBH) ********************************************************************* * Documents acquired by ERIC include many informal unpublished * materials not available from other sources. ERIC makes every effoit * * to obtain the best copy available. Nevertheless, items of marginal * * reproducibility are often encountered and this affects the quality * * of the microfiche and hardcopy reproductions ERIC makes available * * via the ERIC Document Reproduction Service (EDRS). -
Reflections of a Recycled Bureaucrat
10 Ethos, April 2004 Reflections of a Recycled Bureaucrat By JY Pillay could be acquired through joint-ventures with J Y Pillay addressed the EDB Society in MNCs. February this year. With almost 40 years of experience in the civil service, Mr Pillay, The Customer is King who once described himself as a ‘recycled bureaucrat’, spoke about how Singapore The situation today, of course, is quite different. is adapting to a new economic and In the intervening decades, we have moved up to social environment. He also distilled the sustained full employment, at least until recent management and leadership lessons from his times. Singapore is far wealthier. Civil servants are experience of working with former Minister better educated and trained, and have the most for Finance, Hon Sui Sen. What follows is an up-to-date tools to carry out their trade. But, edited excerpt of his remarks. likewise, the world has moved on, globalisation has extended its reach, Asian giants with enormous talent and potential are rising. We are better The New Environment equipped, but the terms of engagement are not necessarily mutating in our favour. Civil Service Then and Now Moreover, the electorate has also been globalised. I am occasionally asked to compare the They are no longer country bumpkins with straws environment for civil servants now with what it dangling from their mouths. They know their was forty-odd years ago. There is a perception that rights, or at least their interests, and are well- the labour, political, security and social turbulence equipped to engage in the cut-and-thrust of of the 1950s and early 1960s, combined with debate.