Re: 150,000 conmpanies closed in Spore?.

ACRA have quietly increased the cost of registering a business recently. It
cost $105 now to regsiter a sole proprietorship. It used to cost $35!
"Tulang" <Tulang@xxxxxxxxxxxx> wrote in message
news:43ccf63b@xxxxxxxxxxxxxxxxxxxxxx
> This guy must be plainning to increase some kind of additional costs...
>
> "mathani" <mathani@xxxxxxxxxxxxxxx> wrote in message
> news:43ccb809$1@xxxxxxxxxxxxxxxxxxxxxx
> > It is pathetic to see that 75% ( 150,000/ 200,000) of the companies
closed
> > down per year as Minister of Trade and Industry Mr Lim Hng Kiang
revealed
> in
> > Parliament yesterday that while more than 200,000 companies were formed
in
> > the first half of 2005, over 150,000 companies closed down in the same
> > period.
> >
> >
> > http://www.todayonline.com/articles/95591.asp
> > ----------------------------------------------------------
> > Singapore News // Tuesday, January 17, 2006
> >
> >
> > S'pore seeing more start-ups
> >
> > Lin Yanqin
> > yanqinl@xxxxxxxxxxxxxxxx
> >
> > AN INCREASING number of people are taking the plunge and starting their
> own
> > businesses.
> > .
> > According to the latest Global Entrepreneurship Monitor (GEM), seven out
> of
> > every 100 adults in Singapore began engaging in entrepreneurial activity
> of
> > some sort - whether it was opening a restaurant or setting up a
high-tech
> > company - in the past year.
> > .
> > Speaking at the inaugural National University of Singapore (NUS) Global
> > Entrepreneurship Summit yesterday, Economic Development Board (EDB)
> chairman
> > Teo Ming Kian revealed that out of the 29 countries that participated in
> the
> > GEM study last year, Singapore ranked 11th.
> > .
> > This is up from 14th position in 2004.
> > .
> > But the chief executive officer of NUS Enterprise, Professor Jacob Pang,
> is
> > not impressed.
> > .
> > He singled out the technology-related enterprise sector as one that is
in
> > need of more support.
> > .
> > The Government can do more, he said.
> > .
> > Prof Pang cited the number of companies funded by the EDB's Startup
> > Enterprise Development Scheme (Seeds) programme as an example: Only
150 -
> > when the ideal figure should be closer to 2,000.
> > .
> > "Out of 150 companies, probably only one will become globally
> significant,"
> > he said.
> > .
> > "That's not really enough. But 2,000 companies can produce 20 companies
> that
> > are investable.
> > .
> > "The Government has the muscle to fund all this."
> > .
> > The principal researcher of the GEM study, NUS Professor Wong Poh Kam,
> made
> > a similar point.
> > .
> > For growth to continue, "Government support is very important", he said.
> > .
> > For the next study, Prof Wong is looking into tracking the individuals
> > studied and examining where they are in two years to measure the success
> of
> > these start-ups.
> > .
> > This comes as especially pertinent after Minister of Trade and Industry
Mr
> > Lim Hng Kiang revealed in Parliament yesterday that while more than
> 200,000
> > companies were formed in the first half of 2005, over 150,000 companies
> > closed down in the same period.
> > .
> > He was responding to Non-Constituency Member of Parliament Steve Chia's
> > questions on small businesses in financial difficulties.
> >
> >
> >
>
>


.

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