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Coffeeshop Chit Chat - SM Goh:Make MNCs feel at home in SG woh</TD><TD id=msgunetc noWrap align=right>
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Make MNCs feel at home in S'pore: SM
<!-- by line -->By Rachel Chang
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SM Goh offering a toast to STMicroelectronics. Flanking him are company president Carlo Bozotti (left) and corporate vice-president Francois Guibert. -- ST PHOTO: SHAHRIYA YAHAYA
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AS ONE of the first multinational companies (MNCs) to set up shop in Singapore celebrated its 40th anniversary last night, Senior Minister Goh Chok Tong emphasised the need for Singapore to become not just a host for foreign businesses, but also a home.
He said the country must, for instance, be more family-friendly and offer 'a wider choice of lifestyle events and services, so that talent can feel at home'.
Singapore can also become a home for innovation - by being a test market for innovative products and services tailored for Asia. The domestic market may be small, but it is a cosmopolitan society with discerning consumers, said Mr Goh.
He was the guest of honour at the gala dinner thrown by STMicroelectronics, the fifth-largest semiconductor company in the world. The Geneva-based company first came to Singapore in 1969, setting up a simple assembly and testing plant and employing five staff members. Today, its Singapore workforce is 5,300-strong.
Mr Goh highlighted the shared history between Singapore and STMicroelectronics as a prime example of how the relationship between MNCs and the country can flourish.
'We have grown from strength to strength together, through both difficult and good years,' he said.
A wafer fabrication complex at Ang Mo Kio generates about half the company's worldwide production.
The company's research and development team has produced breakthroughs like a semiconductor chip integrated with biomedical know-how that can identify strains of viruses, including H1N1.
Through four decades, the company has consistently been a pioneer among MNCs. Its research centre was among the first to be set up in Singapore in 1995.
Its Singapore workforce was unionised in 1972, one of the first MNCs to do so.
[email protected]
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Make MNCs feel at home in S'pore: SM
<!-- by line -->By Rachel Chang
<!-- end by line -->
<!-- end left side bar -->
<!-- story content : start -->
AS ONE of the first multinational companies (MNCs) to set up shop in Singapore celebrated its 40th anniversary last night, Senior Minister Goh Chok Tong emphasised the need for Singapore to become not just a host for foreign businesses, but also a home.
He said the country must, for instance, be more family-friendly and offer 'a wider choice of lifestyle events and services, so that talent can feel at home'.
Singapore can also become a home for innovation - by being a test market for innovative products and services tailored for Asia. The domestic market may be small, but it is a cosmopolitan society with discerning consumers, said Mr Goh.
He was the guest of honour at the gala dinner thrown by STMicroelectronics, the fifth-largest semiconductor company in the world. The Geneva-based company first came to Singapore in 1969, setting up a simple assembly and testing plant and employing five staff members. Today, its Singapore workforce is 5,300-strong.
Mr Goh highlighted the shared history between Singapore and STMicroelectronics as a prime example of how the relationship between MNCs and the country can flourish.
'We have grown from strength to strength together, through both difficult and good years,' he said.
A wafer fabrication complex at Ang Mo Kio generates about half the company's worldwide production.
The company's research and development team has produced breakthroughs like a semiconductor chip integrated with biomedical know-how that can identify strains of viruses, including H1N1.
Through four decades, the company has consistently been a pioneer among MNCs. Its research centre was among the first to be set up in Singapore in 1995.
Its Singapore workforce was unionised in 1972, one of the first MNCs to do so.
[email protected]
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