July 20th, 2012
03:19 PM GMT
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Editor’s note: Outlook is CNN's in-depth look at business climates around the world. To August 12, 2012, we’re focusing on Singapore.

Singapore (CNN) – In the drive for economic development, sometimes the fundamentals are forgotten. And nothing is more fundamental than clean water.

It is estimated that 800 million people live without access to safe drinking water; a fact that convinced Singaporean Oliva Lum to use her expertise as a chemist to address the problem.

Lum devised a solution and business plan to help quench the thirst of her home nation. She sold her house and car to raise capital to fund the project. FULL POST

Filed under: Outlook Singapore


July 20th, 2012
11:04 AM GMT
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Editor’s note: Outlook is CNN's in-depth look at business climates around the world. To August 12, 2012, we’re focusing on Singapore.

Singapore (CNN) – How did the banking community lose its integrity?

Singapore’s Minister for Finance, Tharman Shanmugaratnam, believes that culture had a part of play.

“We have to find a way to get back to a system that has individual and collective responsibility,” he told Richard Quest.

“Firstly, I think we went through a period of regulatory naivety, on both sides of the Atlantic and globally; deregulation went too far. Second, self regulation didn’t work. Part of the reason was an excessive faith in mathematical models and a loss in the role of judgement and responsibility among boards and senior management.

“These are not problems inherent in banking or global finance, these are problems especially of the last ten years.”

CNN’s Outlook series often carries sponsorship originating from the countries we feature. However CNN retains full editorial control over all of its reporting.

Filed under: Outlook Singapore


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