S1000 Award Top Net Profit by IndustryBTW,Glaxo Wellcome Manufacturing Pte Ltd is a drug maker!!
Company Name......................Net Profit SGD '000
Communications/Transport/Storage
Singapore Telecommunications Limited.....$4,161,300
Finance
United Overseas Bank Limited .................$1,731,403
Hotels/Food Establishments
Goodwood Park Hotel Limited ....................$208,596
Manufacturing
Glaxo Wellcome Manufacturing Pte Ltd .........$6,593,844
Retail
DFS Venture Singapore (Pte) Limited ............$148,707
Services
Singapore Press Holdings Limited ....................$488,389
Wholesale
Exxonmobil Asia Pacific Pte. Ltd. ......................$1,833,794


Originally posted by lionnoisy:You are one sucker for the statistics fabricated by our government.
the two World Bank economists are ''theoriticians'' and SG creates 10,000
high value added jobs in less than 10 years.Output increases
4 times since 2000.
sorry i need recycle this postings from [b] Who say SG factory dying?.
Question No. 1:
Which factory net profis is one and half time of Sing Tel?
2.Which factory net profits is more than
sum of net profits of ALL 3 LOCAL banks.
BTW,Glaxo Wellcome Manufacturing Pte Ltd is a drug maker!!
2.SG government expense is some $30 billion pa.Profits of Glaxo Wellcome Manufacturing Pte Ltd .........$6,593,844,000 is more than 20% of sg expenses!!.
Of course,there is much tax incentives under Pioneer Certificates etc.
4.They said SG got 50/50% chance of succes is rubbish.
How about 10,000 jobs in 2006,value output S$23 billions and value added $13.6 b?SG starts from zero in less than 10 years ago.Output increases 4 times since 2000.
Let say 30% jobs go to local,3000 families were saved from unemployment!
No wander outgoing Chairman Philip Yeo calls the two World Bank economists ''theoriticians''.
The respected economists were there to promote their new book.
There is no better country to critize than Singapore.
Western medias like to hit SG from the back.[/b]
....Singapore says no rethink of biomed policy after criticism,Mia Shanley,Reuters,07 Feb 07
Sir David Lane...
Neal Copeland and Nancy Jenkins, who arrived from the United States with an army of mice last September to continue their cancer research in Singapore.
(each type of mice is IP ,after SG and USA discussions then can land
in SG!!)"Neal and Nancy Copeland sold their house, quit their jobs and are committed to Singapore in a big way," Lane said.
What I'm objecting to here is not that we cannot succeed or not but whether or not our approach is correct or not.Originally posted by oxford mushroom:When Singapore first became independent, how many foreign leaders or global institutions would believe that it would survive, much less join the ranks of the first world in 40 years?
There is a risk in every investment but the biomed industry is a safer bet than many others. Consider the government's investment in the Arts: despite the millions poured into the Esplanade, how much have we got from it in return? It is running at a loss annually if not for the continual government subsidies. In contrast, the biomed industry has grown at a sizzling 30% last year with record $29 billion output.
No investor should put all his eggs in one basket but biomed has proven itself to be a better bet than the arts.
loinnoisy is not a sucker for statistics fabricated by the government, loinnoisy is the government.Originally posted by Deportivo:You are one sucker for the statistics fabricated by our government.
The standard response by those who cannot fight facts and figuresOriginally posted by Deportivo:You are one sucker for the statistics fabricated by our government.
Standard response by those who think facts and figures can't be distorted.Originally posted by oxford mushroom:The standard response by those who cannot fight facts and figures![]()
![]()
So what's your objection? That instead of waiting the decade it takes on average to get a marketable drug, we are already making money right from the go by manufacturing licensed drugs? As I said, we still have a small window of opportunity in drug manufacture in Singapore, based on the quality of our manufacturing processes and confidence in our quality assurance schemes. China and India can certainly make drugs, and have made thousands of copy drugs or varying quality. Big pharmaceutical companies would rather manufacture a blockbuster drug in Singapore where the standards are high and their intellectual property will be protected. The government is right to leverage on this advantage to grow our economy.Originally posted by Fingolfin_Noldor:Our so called bloody industry is again rested on manufacturing drugs rather than on patents! For all the flair, our biomed industry is a near mirror image for the electronics industry!
You don't know what you are talking about. University ranking doesn't take into account quality of research? It's just the opposite and I know it because my pay depends on my research output.Originally posted by Fingolfin_Noldor:And many US researchers came to Singapore because of the restrictions on stem cell research in the US. Otherwise Singapore as a country has NOTHING to offer to the foreign researchers who otherwise have far better access to funding and equipment and not to mention weather in the US. We are simply buying time hoping to make a breakthrough or two before they pack up their bags again. John Hopkins packed their bags precisely because Singapore is a pile of poodoo when it comes to attitudes towards research. They could do without our bloody money. The attitude towards research is so damn bureaucratic that it boggles the mind about the real quality of the research in Singapore which from what I hear from people who have knowledge of these matters is that the quality is darn near zero and even professors here have admitted that. Has no one forgotten that some professors at NUS themselves regarded the university rankings are ridiculously IRRELEVANT because they failed to take into account quality of research. We may have some bright sparks but they aren't enough to drive Singapore forward.
If you actually bothered to read the papers, you would know that the professors admited the quality of research isn't great. Our Glorious ST even reported that professors say that NUS/NTU are only good for making waste papers. Heck, our papers are not even well refered to, short of referrals within the NTU/NUS. You obviously don't know what you are talking about either, nor do you even have a pretense of know what the situation is. Now you tell me that biotech is to be the fourth pillar of the economy, do you even know what that means? I said the biotech right now in Singapore is mere mirror image of the electronics industry. For all that rebranding, biotech is just picking up the slack from the weakening electronics sector which has seen steady outflows of investment over the years. So the biotech is technically not a fourth pillar but merely a replacement pillar in the manufacturing industry. It's all bloody propaganda. Old wine in new bottles, hmm? Same o' strategy of manufacturing as usual.Originally posted by oxford mushroom:You don't know what you are talking about. University ranking doesn't take into account quality of research? It's just the opposite and I know it because my pay depends on my research output.
There are disagreements in the research community over the way funding is distributed and the sort of research that is being supported in Singapore. The current saga between Philip Yeo and Lee Wei Ling is an example of that. Nobody is denying the need to make the biomed industry the fourth pillar of our economy. The debate among those in the industry is how to apportion limited resources and how much should be given to imported talents to jumpstart the initiative.
John Hopkins was given special treatment and alot of research funds (that we locals can never dream of) with the understanding that they bring in senior scientists from the US. They failed to honour their side of the bargain and so they were kicked out. Incidentally, I disagree with the decision to bring in John Hopkins on those terms but that is a separate issue. John Hopkins agreed to those terms and they failed to fulfill their side of the bargain.
Haha...easy to talk big when you haven't got any proof...next you will claim to be a nobel prize laureate. The ranking of universities is based on research output and the position of NUS in the world ranking reflects the quality of our research. Although much more can be done, Singapore punches above her weight given the short history of our institutions and our limited talent pool. That is why it is important to bring in more foreign talent for this industry.Originally posted by Fingolfin_Noldor:If you actually bothered to read the papers, you would know that the professors admited the quality of research isn't great. Our Glorious ST even reported that professors say that NUS/NTU are only good for making waste papers. Heck, our papers are not even well refered to, short of referrals within the NTU/NUS.
The government's support for research in recent years has been anything but astounding. Scientists in the west are green with envy at the amount of commitment given to biomedical research in the past few years.Originally posted by Fingolfin_Noldor:Research? Forget it. The research community will take over a decade to mature no thanks to the lack of support from the Govt for the past few decades and given the hit and miss nature, you won't see results for decades, and the Govt would have lost interest by then and proceeded to harp on some new subject.
You know, none of the really senior researchers would want to come to Singapore, so our A*Star people can go wish for apples that won't fall. What makes you think they would want to come? Short of the few morons who for some reason got suckered to come here.
For added perspective, take a look at this: http://www.in-cites.com/research/2005/march_7_2005-1.html You can check the latest rankings. Look how pathetic we are.![]()
Idiot. There's a link for up to 2004. Blind as you as always. You honestly think we could have jumped 10 places up in a few years? Fat chance. The US has way more brains than we have. And by the way, the Govt started talking up this biotech nonsense as far back as 2000. Singapore's significant contribution? Please, the local pool of people leading the way are all foreigners, who'd sooner pack up their bags and go. Hardly sustainable in the long term. Moreover, the figures themselves show how bad we are at R&D for years. Have you forgotten the Govt's trumpeting of the electronics R&D long ago with a heavy emphasis on engineering and Computer science? This biotech nonsense is merely the latest nonsensical trumpeting, albeit with a gloriously large sum. And oh by the way, most of these research advances won't bring much by way of money, because we don't even have local companies to take advantage of it. Likely the pharmaceuticals will take the tab and go make profits while we get a pittance in royalties.Originally posted by oxford mushroom:The government's support for research in recent years has been anything but astounding. Scientists in the west are green with envy at the amount of commitment given to biomedical research in the past few years.
You are being disingenuous, to say the least, by pointing out to figures between 1999-2003, when our life sciences initiative have yet to begin. High-level research takes time to bring to fruition and Singapore's significant contribution will be seen over the next 5-10 years.
Shut the hell up. The newspapers had the Prof's letters in the forum pages. You idiot have obviously not read the papers for a long time or chosen to forget them. I even had friends who went to do internships and told me of the nonsensical nonsense in Singapore. Little wonder some A*Star Scholars chose to break bond rather than indulge in skulldruggery. Singapore punches above her weight? Why not start admitting you are a PAP crony for starters? Provide proof that I am wrong instead of resorting to ad hominen... If you even know what "ad hominen" means (which most PAP supporters probably don't.) And oh, put down the Paper numbers, I'll go dig them out myself and check oh how well cited they are. You can't provide them, fuck off.-Originally posted by oxford mushroom:Haha...easy to talk big when you haven't got any proof...next you will claim to be a nobel prize laureate. The ranking of universities is based on research output and the position of NUS in the world ranking reflects the quality of our research. Although much more can be done, Singapore punches above her weight given the short history of our institutions and our limited talent pool. That is why it is important to bring in more foreign talent for this industry.
I am beginning to feel that sentiment too. Seriously, OM is simply following the standard PAP modus operandi of hardly bring substance to debate, use ad hominen to defend his stance, and simply sticking to the stance like an idiot he already is.Originally posted by LazerLordz:Why bother engaging someone who only supports his own stand and refuses to engage in inclusive debate.
Anyway, why even bother to engage those who want to be pro-PAP for the sake of shining the party gloss? Why give them the airtime and consequential online presence that "debating" them takes?
Ignore their threads if they persist and deny them a online presence/credibility unless they are willing to engage in serious, veritable discussions.
Originally posted by lionnoisy:Did you say that Glaxo's Profit is "US$6,593,844,000 is more than 20% of sg expenses !!. " ?
2.SG government expense is some $30 billion pa.Profits of Glaxo Wellcome Manufacturing Pte Ltd .........$6,593,844,000 is more than 20% of sg expenses!!.
Of course,there is much tax incentives under Pioneer Certificates etc.
Not all research and development enterprise will bear fruit, and a 50/50 chance is about the best bet to the research bearing results that allow it to be 'marketable'.
4.They said SG got 50/50% chance of succes is rubbish.
Why be theoretical in the number of jobs ? Why does this Government remain silent about the actual statistics of those who are employed by such foreign investments ?
How about 10,000 jobs in 2006,value output S$23 billions and value added $13.6 b?SG starts from zero in less than 10 years ago.Output increases 4 times since 2000.
Let say 30% jobs go to local,3000 families were saved from unemployment!
[/b]
Can we believe the statements made by an arrogant and over glorified person, who will use the powers of the state to mow down a puny scholarship holder ?
No wander outgoing Chairman Philip Yeo calls the two World Bank economists ''theoriticians''.[/b]
Western medias hit anyone and everyone - including George Bush and Tony Blair. Is it so unusual for them to hit Singapore ?
The respected economists were there to promote their new book.
There is no better country to critize than Singapore.
Western medias like to hit SG from the back.
What is the point of engaging hypocrites who oppose every government policy for the sake of opposition, who puts personal ideology before national interests and would exchange meritocracy for mediocrity?Originally posted by LazerLordz:Why bother engaging someone who only supports his own stand and refuses to engage in inclusive debate.
Anyway, why even bother to engage those who want to be pro-PAP for the sake of shining the party gloss? Why give them the airtime and consequential online presence that "debating" them takes?
Ignore their threads if they persist and deny them a online presence/credibility unless they are willing to engage in serious, veritable discussions.
Lordy... you really had to say it eh? Many of these so called hinderance won't be left behind. Rather, they pack their bags and leave, and see who's left behind. Life abroad is infinitely better. It is your arrogance that you fail to see that. It is your own arrogance to think that the Govt is perfect, and it is your own arrogance to refuse to have an open mind but simply regard your opposition as something beneath your dignity to even lower yourself and think as they do. Rather you wave them off as insignficant flies. Just as the kings of Europe who waved off those against the monarchy as anarchists who seek to destroy world order, you wave off the opposition as anarchists. By the end of the 19th century, most of the kings of Europe were swept away by the tides of history, so will Singapore. You fear chaos because you do not comprehend what the chaos is and how to function. Like many Singaporeans, you are afraid to think. Since you have revealed your true stance, there is nothing more to say to you. Good bye.Originally posted by oxford mushroom:What is the point of engaging hypocrites who oppose every government policy for the sake of opposition, who puts personal ideology before national interests and would exchange meritocracy for mediocrity?
What is the use of the government trying to pull ostriches from the sand to see that the world is moving on, whether or not they are prepared to face the facts?
Some people just refused to be helped. Some people deserve to fall by thye wayside in the march of globalisation. The government wants all Singaporeans to progress together, but there are some who would insist to be a hinderance and should be left behind.
Did you say that Glaxo's Profit is "US$6,593,844,000 is more than 20% of sg expenses !!. " ?(lion note:It is S$,i dunt say is US$)Summary remuneration report for the year to 31 December 2004
Surely the Annual Executive Director remuneration of US$1,523,000 - and US$725,000 to the Chairman of the Research Group - is more justifiable under such circumstances, compared to the salary paid to our PM and all the Cabinet Ministers and Minister-of-State ?
This Ruling Party dare to compare their performance of Singapore's economy and achievements to the likes of Private Enterprises to justify the remunerations given to themselves ?
Originally posted by lionnoisy:God... must the Govt do everything or are all the Singaporeans so spineless they need to pay someone else to give them a spine? The US is so successful because the people have a spine and don't wait for the damn Govt to do everything for them.
replt to Atobe post 11.02.2007
Summary remuneration report for the year to 31 December 2004
Annual remuneration
[b]in
....,total annual remuneration 2004
Dr JP Garnier,(US)$4,570,000
Dr T Yamada,US$2,303,000
Mr J Coombe,£1,237,000
Good things never come cheap!!Treat PM like the CEO lah,...
You pay cheap like Aussie,just a mess.Look at the military
spendings.If i am Aussie,i will vomite bloods......
2.No risks,no gains.So do u want SG do R& D or not?
[/b]
If you can make a distinction between hypocrites and people who do not mince their words when faced with a certain situation or scenario in front of them, then maybe there is still a chance of a fruitful debate.Originally posted by oxford mushroom:What is the point of engaging hypocrites who oppose every government policy for the sake of opposition, who puts personal ideology before national interests and would exchange meritocracy for mediocrity?
What is the use of the government trying to pull ostriches from the sand to see that the world is moving on, whether or not they are prepared to face the facts?
Some people just refused to be helped. Some people deserve to fall by thye wayside in the march of globalisation. The government wants all Singaporeans to progress together, but there are some who would insist to be a hinderance and should be left behind.
Originally posted by oxford mushroom:There seems to be more than one in this sgForums to agree that the obvious hypocrite in this sgForums seems to be you.
What is the point of engaging hypocrites who oppose every government policy for the sake of opposition, who puts personal ideology before national interests and would exchange meritocracy for mediocrity?
You seem to have hypocritically change in your attitude towards 'sand' considering your doubt on the stability of sand to provide any strong foundation for any argument.
What is the use of the government trying to pull ostriches from the sand to see that the world is moving on, whether or not they are prepared to face the facts?
Show your evidence that "some people just refused to be helped" instead of making generalised statements - that shows outrageous arrogance and non-understanding of the ground zero economic situation in Singapore.
Some people just refused to be helped. Some people deserve to fall by thye wayside in the march of globalisation. The government wants all Singaporeans to progress together, but there are some who would insist to be a hinderance and should be left behind.