I've spent some time in Malaysia (around Penang), and most of the chinese malaysian I knew wanted to start their own business and considered being an employee to be something almost shameful... I've never seen a community of people more entrepreneurial.
I always assumed that it was the same in Singapore.
The part about people living with their parents is completely true though...
No, generally Malaysians are definitely way more entrepreneurial than Singaporeans.
Singapore has a much more stable environment and state-managed vibe. Over decades, this tends to encourage less entrepreneurial spirit in people here. This is changing recently, especially with the younger generation here though.
But I'd still be surprise of that kind of response in a business school here.
I always assumed that it was the same in Singapore.
The part about people living with their parents is completely true though...