Lee Kuan Yew back in Singapore.  CNA, with video:

Mr Lee said Russia’s challenge was to develop its pool of entrepreneurs, just like Singapore.

He said: “We’re trying to do that. But we are hampered by culture. We’re largely Chinese and Indians. And both Chinese and Indians, the best go into government, (they) don’t go into enterprise.

“The economy can be structured to allow enterprise, but enterprise itself must be done by entrepreneurs – people who say, ‘ah yes, I will make that into a money-making venture’. And they do. It happens in America, it can happen here.

“The trouble with us is, Singapore is small. So when we discover something, we have to go to Silicon Valley to get extra talent to join us, whereupon they know what we’re doing, and they improve on it, and beat us. So it’s a tough fight. But slowly we’ll climb up the technology ladder; there’s no other way.”

And an interesting line:

Minister Mentor Lee arrived for the dialogue about an hour late as he had gone for a medical checkup.