COUNTER PRODUCTIVE: Large Internet firms with a big presence in Singapore say the new rules will hurt the industry. — Reuters
Web giants Facebook Inc, eBay Inc, Google Inc and Yahoo! Inc have said the revised rules "have negatively impacted Singapore's global image as an open and business-friendly country".
The comments, made in a letter to Singapore's minister of communications and information by the Asia Internet Coalition, an industry body, are the first sign that Singapore's success in wooing major players to its shores is not assured. Google, eBay, Facebook and Yahoo all have a major presence in the city-state.
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