Yi Shyan: What it takes to be a world-class outfit

Singapore

THE issue of what it means to be a "world-class Singapore enterprise" was debated in Parliament on Tuesday. Senior Minister of State for Trade and Industry Lee Yi Shyan listed two distinguishing attributes in order for a company to be defined as such.

First, it should have a competent leader at the helm, backed by talented people. Second, it should have a business model that stands out from the competition in its industry.

Mr Lee was responding to points raised by Nominated Member of Parliament and Singapore Chinese Chamber of Commerce & Industry president Thomas Chua, who said that a world-class Singapore enter…