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Corzine tour stops in Singapore
SINGAPORE - Gov. Jon Corzine's East Asia trade mission continued today in Singapore, where business leaders already know him from his days as the chief of Goldman Sachs.
Corzine met privately with Prime Minister Lee Hsien Loong, who is the eldest child of former-Prime Minister Lee Kuan Yew. While at Goldman Sachs, Corzine had worked closely with the father, who continues to be influential behind the scenes. The governor also met the country's trade minister and the CEO of Singapore Airlines before touring a stem cell research facility at a local hospital run by one of his old compatriots from Goldman Sachs.
Singapore, one of the most successful free markets in Asia with a per capita Gross Domestic Product on par with Western Europe, has a market driven by exports in electronics and manufacturing and aspirations to be the financial and high-tech center of Southeast Asia. Corzine said he saw similarities between Singapore and New Jersey and possibilities for two-way trade."We're trying to grow business in New Jersey ... We're all interdependent. We want to make sure that New Jersey is participating. We've got a great pharmaceutical business, medical devices, great ports.
A lot of things that look a lot like Singapore," Corzine said.Gary Rose, Corzine's economic czar, said Singapore is an attractive place to do business for New Jersey-based companies such as Johnson & Johnson and Schering Plough because it is more westernized than other countries in the region.
The government is virtually corruption free, according to the U.S. Commerce Department, the workforce is skilled and English is the primary language in the schools.Richard Seow, the chairman of Parkway Hospitals, ran Goldman Sachs' Singapore office when Corzine was CEO.
He said when news spread that Corzine was coming to town, his phone rang off the hook with people lining up to meet with the governor."He's well-known in Singapore. Well-known and well-liked," Seow said of Corzine. "He left such a favorable impression with them last time, everyone wants to see him again."Next and final stop on the Corzine tour: Tokyo. Contributed by Jeff Whelan
Corzine tour stops in Singapore
SINGAPORE - Gov. Jon Corzine's East Asia trade mission continued today in Singapore, where business leaders already know him from his days as the chief of Goldman Sachs.
Corzine met privately with Prime Minister Lee Hsien Loong, who is the eldest child of former-Prime Minister Lee Kuan Yew. While at Goldman Sachs, Corzine had worked closely with the father, who continues to be influential behind the scenes. The governor also met the country's trade minister and the CEO of Singapore Airlines before touring a stem cell research facility at a local hospital run by one of his old compatriots from Goldman Sachs.
Singapore, one of the most successful free markets in Asia with a per capita Gross Domestic Product on par with Western Europe, has a market driven by exports in electronics and manufacturing and aspirations to be the financial and high-tech center of Southeast Asia. Corzine said he saw similarities between Singapore and New Jersey and possibilities for two-way trade."We're trying to grow business in New Jersey ... We're all interdependent. We want to make sure that New Jersey is participating. We've got a great pharmaceutical business, medical devices, great ports.
A lot of things that look a lot like Singapore," Corzine said.Gary Rose, Corzine's economic czar, said Singapore is an attractive place to do business for New Jersey-based companies such as Johnson & Johnson and Schering Plough because it is more westernized than other countries in the region.
The government is virtually corruption free, according to the U.S. Commerce Department, the workforce is skilled and English is the primary language in the schools.Richard Seow, the chairman of Parkway Hospitals, ran Goldman Sachs' Singapore office when Corzine was CEO.
He said when news spread that Corzine was coming to town, his phone rang off the hook with people lining up to meet with the governor."He's well-known in Singapore. Well-known and well-liked," Seow said of Corzine. "He left such a favorable impression with them last time, everyone wants to see him again."Next and final stop on the Corzine tour: Tokyo. Contributed by Jeff Whelan
posted by Jones Lang LaSalle NJ News Blog at 3:14 PM
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