Singapore responds to growing rivalry from lower-cost and larger-scale players by shifting GLC strategy to invest in it's competitors:
"...That means Temasek going to China for a slice of state-run companies as they privatize, to Indonesia and Korea for stakes in their banks as they restructure, and to India, where Apollo Hospitals Enterprise Ltd., a local company in which Temasek plans to buy a stake, recently announced plans to set up an outpatient center in London to bring people to India for low-cost surgeries."