Singapore merged with Malaysia on 16 September 1963. The merger was a promising one with both countries hoping to benefit from one another. Sadly, many expectations did not materialise. Just as the quote above by Mr Lee suggests, the period of the merger was saddening for both nations as Malaysia and Singapore are often seen as “Siamese twins”, each one unable to survive without the other. The period of the merger was seen as a huge opportunity for both countries to progress economically but ideological differences and political problems have seen Singapore separate from Malaysia. On 9 August 1965, Singapore officially gained independence from Malaysia after 2 years of bitterness. Today, nearly 50 years after separation, our economic ties with …show more content…
It was tough for Singapore to survive on its own and the PAP felt Singapore should merge with Malaysia because of their historical and political ties over the years. The merger with Malaysia was largely attributed to economic reasons that were expected to benefit both countries. Singapore faced many challenges then. She lacked natural resources, its entrepôt trade was on the decline and there was a lack of jobs for the people. The problem of a high unemployment rate could lead to social problems. Singapore also hoped that a common market can be created so that goods can be sold and bought without taxes. Singapore and Malaysia were close neighbours and both governments had envisioned the merger to widen economic collaborations and opportunities. A referendum was passed in 1962 and Singapore became a part of Malaysia. But, the merger was unsuccessful. Firstly, the merger had failed to create the common market Singapore had hoped for. Malaysia did not seem intent on establishing the common market and Singapore’s economic progress was very slow. Singapore’s industries were also not recognised by Malaysia and this slowed down the economic growth the PAP hoped for. Although the merger created job opportunities for Singaporeans and Singapore grew rich on trade from importing rubber and tin from Malaysia , the economic importance of Malaysia during the merger was marginal. It did not significantly aid Singapore in its economic …show more content…
This strong network of trade between the two countries has strengthened Singapore’s available resources. Trade is so important to Singapore because as a small country with limited natural resources, Singapore relies on trade to obtain certain resources to function as a trading port. While some may argue Singapore has many trading partners, it is crucial to note that given the geographical location of the two countries and the extent of trade, it is obvious that Singapore recognises the economic importance of Malaysia at the very least in the form of trade
For months, the prospect of a T-Mobile and AT&T merger has become more public. The prolonged merger discussion has left the public wondering if the acquisition will allow AT&T to completely rule the telecommunications market, leaving Verizon and Sprint in the dust. Mobile subscribers have been left unsure by the shocking announcement, wondering how their pockets and cellular services will be affected. With lawsuits being filed by both the Department of Justice and Sprint, the future of the acquisition is unclear. AT&T stands by its history of fair dealing, publishing the following in its Code of Ethics:
Vertical Mergers: A vertical merger is a merger in which one firm supplies its products to the other. A vertical merger results in the consolidation of firms that have actual or potential buyer-seller relationships. The firms in vertical mergers operate at different stages of production process where buyer-seller relation or manufacturing at different stages of the same product is possible (Gaughan, 2007). There are two types of vertical mergers.
As employees of a non-profit organization (Ace Loan) whose employment is based upon selection by a board of directors, it is imperative that those employees follow the direction of the board regardless of their position. A merger with a slightly larger organization, Widget Loan Organization, was in the works when their senior officers approached Paul President. Although Paul President had been keeping the board informed of the activity surrounding the merger, the board changed their mind instructing Paul President to cease with the merger and forward any contact with Widget to the Board. Vicki Vice-President was also aware of the board decision and therefore should have contacted the board when Paul President made arrangements with senior
Being a Singaporean, I believe there were two ‘crucible’ events that affected leaders in Singapore. They are WWII and the Independent Day. The devastating effect left behind by WWII served as reminder to the leader not to start WWIII. The Independent Day of Singapore was the marked that we no longer belong to any other people but ourselves. The day that Singaporean found an identity for the first time and beginning of the journey to become a proud Singaporean of who we are today.
B. The island of Singapore, on the tip of the Malay Peninsula, guards the entrance to the Strait of Malacca --- one of the most vital trade routes in the world
... middle of paper ... ... Based only on this shared identity, if one day the Singaporean economy slows down its rapid development it is all but normal for Singaporeans to leave for a greener pasture. The authentic identity of a place and of the nation in fact should be the identity that grows bottom up with contribution from every normal citizen.
For my term paper, I am proposing to research the successful merger between SBC Communications and Ameritech Corporation that is now commonly known as AT&T. Subsidiaries of SBC included those of Southwestern Bell, Pacific Bell, Nevada Bell and Cellular One acting as a global leader in the telecommunications industry competing with Ameritech over millions of access lines and a growing wireless customer subscription base across the US as well as several other countries. The United States filed a civil antitrust case in 1999 to enjoin the transaction under which SBC would acquire Ameritech believed to be in violation of a horizontal merger. Economist Roger D. Blair defines a horizontal merger as occurring “whenever two firms that compete with each other in the same market are brought together under common control. For a merger to be deemed horizontal, the firms must have been rivals prior to their combination.” Rightfully so, this case caught the attention of consumers once numbers revealed a possible monopolizing impact. The combination would be known as the second-largest merger in corporate history at the time
Today Malaysia and Singapore are geographically the same rich tropical and dynamic economy, with the same geographic problems. A health problem, with some endemic malaria, has been checked, which transformed their economy and way of life by understanding their environment. Almost eradicating malaria from their land shows what an understanding of geography and history can do.
Mergers usually take place when companies are struggling on their own, but find hope and comfort in uniting with another company. This unite is a great way to create new companies, combine revenues, establishing new policies, procedures, and objectives. It also opens up new doors, and allows new companies to expand in so many different aspects of their business. Part of the mergering phrase should include the planning process to assist with determining the objectives of the business’ long term investments goals. This could also open up the door for new products, new machinery, new plants, replacement of machinery, new locations, new projects, as well as the tangible and intangible things both companies already have.
Singapore as a country has had various transformations throughout its history, however the period 1950 and 1970 was quite critical. Much of these changes had a lot to do with the development of trade and manufacturing. This is without forgetting the financial sector where the intention was to come up with a financial hub that could be used in economic development. Looking at the case of Singapore, we would say that it is a productive economy with a very high market competition. This observation has been further clarified by the Swiss International Institute for Management Development, going with their report that they released in the year 2001 (Chellaraj & Mattoo, 2009). In this study, we intend to evaluate the case of political economy of development in Singapore and examine the tensions between the state and various economic institutions. In additions to examining this institution, we would also like to examine how these variables have contributed towards the attainment of favorable growth rates and economic prosperity.
Companies merge and acquire other companies for a lot of strategic reasons with different degree of success. The success of a merger is measured by whether the value of the acquiring firm is enhanced by it. The impact of mergers and acquisitions on organization can be small and big in other cases.
Malaysia is located in the south-eastern Asia, bordering Thailand and northern one-third of the island of Borneo, bordering Indonesia, Brunei, and the South China Sea, south of Vietnam. Due to its locations, it has been colonised since the late 18th centuries by many countries. Since 1965, Malaysia has had one of the best economic records in Asia, with GDP average of 6.5% growth for almost 50 years. The economical development especially boosted during 1981 and 2003 under the governance of Prime Minister Mahathir bin Mohamad. Malaysia succeeded in diversifying its economy from dependence on exports of raw materials to expansion in manufacturing, services, and tourism. Also, the current Prime Minister continues to pursue pro-business policies .
... Despite the negative effects that had brought bad impact to the country, it was also one of the things that have strengthened the country. It has provided an acceleration of development for the country. Conclusions References Works Cited http://prezi.com/ko92evamttlo/colonial-rule-and-impacts-in-sea/ http://www.marxist.com/malaysia-fifty-years-independence-part-one.htm http://answers.yahoo.com/question/index?qid=20120320222600AAYZmN7 http://answers.yahoo.com/question/index?qid=20090908024038AAH5Qw
The Asian Financial Crisis which exposed the corporate governance weaknesses was a wake-up call for all the policymakers, standard setters as well as the companies (OECD, 2014). The parties that involved and affected from the crisis started to realize the importance of having strong corporate governance practices in their countries. Consequently, the Asian economies along with the OECD established the Asian Roundtable on Corporate Governance in 1999, in order to support the enhancement of corporate governance rules and practices (OECD, 2014).
During the twentieth century, the world began to develop the idea of economic trade. Beginning in the 1960’s, the four Asian Tigers, Hong Kong, Singapore, South Korea and Taiwan, demonstrated that a global economy, which was fueled by an import and export system with other countries, allowed the economy of the home country itself to flourish. Th...