Singapore Invests: Count the Ways
Singapore sees signs that things are turning around. Here's a simple list of activities they are supporting to support GDP (Einhorn):
- $14 billion "resilience package"
- Corporate tax cuts
- Subsidies to companies that don't lay off workers
- 90% refunds for employee training
- Three new universities, on of which is linked to MIT
- Nissan and Renault will test electric cars in Singapore
- $300 million loan to Micron Technology to upgrade
- Encouraging international Big Pharma to locate research centers in its biotech park.
The results? They believe the recession may be easing in Singapore.
Einhorn, Bruce. Singapore Stirs but exports are falling. BusinessWeek. 8 June 2009. 38.