Goldman Sachs hampered by culture clash

Article Abstract:

Goldman Sachs Group Inc.'s efforts to lead DBS Group Holdings Ltd. in a hostile takeover of Overseas Union Bank Ltd. resulted in severe criticism of its tactics and an apology from DBS to Overseas Union and rival bidder United Overseas Bank Ltd. The investment bank's attack on Overseas Union ran contrary to business values held in Singapore.

Commercial Banks, Commercial Banking, Asset sales & divestitures, Investment Banking and Securities Dealing, Acquisitions & mergers, Investment Banking, Security brokers and dealers, Banking industry, Management, Mergers, acquisitions and divestments, Investment banks, Overseas Union Bank Ltd., The Goldman Sachs Group Inc., DBS Group Holdings Ltd., United Overseas Bank Ltd.

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Red tape ties up the video scene in strict city-state

Article Abstract:

Albert Odell, owner of D & O Film & Video Pte. Ltd., a local video rental store in Singapore, must bow to government censorship and fees imposed by the Singapore Films and Publications Department. The video rental business in Singapore is unprofitable due to high censorship fees, with total costs per movie adding up to at least S$80.

Government regulation, Prerecorded Tape, Compact Disc, and Record Stores, Record & prerecorded tape stores, Videotape Sales & Rental Stores, Laws, regulations and rules, Motion pictures, Movies, Video stores, Censorship, D and O Film and Video Private Ltd.

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Focus on tech exports stifles city's economic growth

Article Abstract:

Singapore's continued reliance on technology exports to the United States following the Asian financial crisis is now backfiring, as the U.S. is decreasing its orders. The economy of Singapore contracted 0.8% in the second quarter compared to last year, and its 2001 GDP growth forecast has been lowered to 0.5%-1.5%.

Electronic computers, Prepackaged software, Computer Software, Software Publishers, Electronic Computer Manufacturing, Market information - general, Computers & Auxiliary Equip, Statistical Data Included, Computer software industry, Computer industry, Software industry, Software, Economic aspects, Information technology, Gross domestic product

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