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Hong Kong still tops Heritage/Wall Street Journal Index, but Singapore closes in; Rwanda earns "Most Improved
WASHINGTON, Jan. 11, 2011 /PRNewswire-USNewswire/ -- Though faced with continuing fiscal challenges, more countries embraced greater economic freedom than shied away from it last year, according to the latest Index of Economic Freedom, released today by The Heritage Foundation and The Wall Street Journal.
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The People's Action Party was returned to power with an overwhelming majority - 81 of 87 seats - in Singapore recently, but it was the Workers' Party that wrote itself into the history books by capturing, for the first time, a Group Representation Constituency.
AFTER nine days of unprecedented battle, a new chapter in Singapore's history was written on May 7 even a call from the Prime Minister went out for a `time for healing' to begin.
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Some nations are more competitive in the world economy than others. Singapore and Panama, for example, are roughly equivalent in population but Singapore has been spectacularly more successful in terms of its standard of living and the acquisition of market share in the world economy. The competitive winners have national strategies, backed by a national consensus which may be induced by coercion. These strategies are justified by and rooted in an ideology, a framework of ideas for defining values and giving them institutional vitality in, for example, government and business. Ideologies can be used fully defined in terms of two ideal types-individualism and communitarianism-each of which have five components. It appears that nations which practice certain forms of communitarianism are ...
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SINGAPORE - Ultra-tidy Singapore is lifting its notorious ban on chewing gum after 12 long years but only for registered users. Gum dealers face jail if they break the rules.
Before Singaporeans think about unwrapping a pack of Wrigley's Orbit gum that's just started selling here and only in pharmacies they must submit their names and ID card numbers. If they don't, pharmacists who sell them gum could be jailed up to two years and fined 5,000 Singapore dollars ($2,940).
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SINGAPORE (Reuters) - Hong Kong's Securities and Futures Commission has a reputation as a tough enforcer, but its muscular approach has irked many in the city's legal world who feel the SFC is running roughshod over them and others in the financial industry.
That means Ashley Alder, the 52-year-old British lawyer who takes the helm of the SFC in October, may have to embark on a charm offensive to repair the strained relations and reassure those it regulates that it is not just tough, but fair.
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PARIS - U.S. Defense Secretary Robert Gates was in Kabul at the start of June talking about withdrawal - or nonwithdrawal - from Afghanistan, but before he went home he stopped through Singapore to talk about an enlarged American military engagement in Asia. That was a speech to an International Institute for Strategic Studies meeting, in support of "a robust [U.S.] military presence in Asia." He said that one of the "principal security challenges" for the United States is that some nation would try to keep it out of Asia.
He said that for some time American Naval and Air Force chiefs "have been concerned about anti-access and area denial scenarios," and have been planning how to overcome any effort to block American free movement and deployment "in defense of our allies and vital inter...
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Market size certainly helps, as in the case of China and India. But so does the efficiency of governments and the economy, as with Hong Kong and Singapore.
THE sharp increase in foreign direct investment (FDI) inflows to Malaysia and some other South, East and Southeast Asian countries has been greeted with euphoria probably because of the heavy dependence of these countries on such investment for their exports, employment creation and economic growth.
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SINGAPORE -- A major pact within tantalizing reach, President Barack Obama aims to nudge forward an arms-control deal in talks with Russian President Dmitry Medvedev.
The 21-nation Asia-Pacific Economic Cooperation forum brought Obama to Singapore, but he is focusing on individual meetings Sunday with Medvedev and with Indonesia's Susilo Bambang Yudhoyono, president of the world's largest Muslim nation and Obama's home as a boy. The U.S.-Russia meeting takes place as the nations seek a successor to a Cold War-era agreement.
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...ON FINLAND . ALEX AU . ON SINGAPORE . PAULA MARGULIES . ON ISRAEL . Innovation is ofte...
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CHARLOTTE, N.C./HONG KONG (Reuters) - Bank of America Corp. is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital.
A group of investors is buying 13.1 billion CCB shares from Bank of America, with the deal expected to close in the third quarter. The U.S. bank declined to name the investors but two sources said Singapore state fund Tease was among the buyers.