These kind of start-ups will never be allowed to take-off here

In Uncategorized on 07/01/2013 at 6:41 am

The central bank will not allow these “financing” and trading biz.

While I can understand why, their absence means that the banks will continue dominating SME financing, and we get pathetic returns on bank deposits.

  1. The Economist has been the Bible of PAP elites since the days of MM Lee,let’s hope that present elites get some badly needed inspiration to do their jobs properly.

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