Yeah the government does not disturb businesses here much. But they do heavily subsidize corporate costs. Theres a economic development board that provides lot

Yeah the government does not disturb businesses here much. But they do heavily subsidize corporate costs. Theres a economic development board that provides lot of grants for companies. Most mncs use edb grants for setting up their initial business. Early on in Singapores history, the government did seize a lot of land from farmers though. I believe they were compensated for it. We also have these weird things called GLCs. China sort of copied this with their telecom industry. GLCs are corporations created by the government to handle certain things. They kind of have government level powers but corporate governances (worst of both worlds imo).