SINGAPORE: Former Minister Mentor Lee Kuan Yew on Wednesday shared some key elements of Singapore's success in attracting investments, which Russia can emulate.
Addressing the 7th Russia-Singapore Business Forum, Mr Lee said key to attracting investments is to ensure the safety and security of those who come to work here and their families.
For Mr Lee, taking
part in the Russia-Singapore Business Forum is a regular affair, since
he is familiar with Russia's political and business climate from his
many visits there.
Mr Lee was asked what Russia could do to attract more investments.
"You
must have the least bureaucracy to prevent them from carrying on their
business. An investor who comes in... it is our duty to help him
succeed. When he succeeds, his friends will know about it and they will
also come in," said Mr Lee.
"Today, we have more multi-nationals
in Singapore, in manufacturing and R&D, services, in any field you
like... We make the place liveable, safe for foreigners and their
children... therefore (making it) easy for them to settle here and do
business. If you do the same in Russia, you will succeed," he added.
With
Singapore's long-term population and manpower challenges in the news,
Mr Lee also spoke about the pace of admitting foreigners.
"We are
short of workers today. We have 5.2 million people of whom 1.5 million
are foreign workers... We need more. Although they are coming in at a
slower pace, they are coming in," said Mr Lee.
There was also a suggestion that Mr Lee make his memoirs and books available online.
While Mr Lee felt it is up to the publishers, the forum's organisers said they hope to achieve it in a year's time.
- CNA/cc
come on ah, its a big country and many more sub-culture and many more people, comes amny more problem. you think those russians are stupid, very lazy people meh?
sg is small, so small that people with some intelligent can easily manage as gahmen.
cum to think of it it became stoic with a sone size fits all solution, still depending on foreign labor. thinck out of the box lah, is it imposible to expand our land? and i mean not undes=ground. it sis impossible to increas our birthrate? is it impossible to have our own natural resources? seems no right.
i say yes! can be done.
See - its in the mind, and the think out of the box can do attitude.
fstop2 - if you want to resign no one can stop you one. just resign lah.
LKY put it very mild liao: a country's security
the mafia there is a menance if u put it bluntly
another tok, only.
those army camps not fenced up - better go do it.
army open house - please lah open to public but i feel very insecure seeing banglas and cheenas there.
is this the security we toking about?