A new buzz, a fiasco
There is a new kind of buzz in town, one that is being repeated quite often these days and would tarnish the Singapore brand. We are reputed as a country where all things work. Once we put up something, we can sleep in peace that it will be successful. The University of NSW closed down after only two months and with 148 students, Singaporeans and foreigners, stranded. It would not happen if it was a Singapore run university. We don't do this kind of things. But even if it is an Australian university, it happens in our land and we will somehow be linked to it. Our Singapore brand cannot keep getting this kind of bashing. And the students were only told after the decision to close was made and announced. Well, only 148. No big deal. Anyway, they should expect such things can happen to a new set up that does not have a Singapore brand. It is caveat emptor. They went in with their eyes open and knew the risk. In a way it is also a kind of progress for Singapore. It shows that we are taking more risk and even risky projects that were not well thought through and with insufficient finances. This is good for Singapore as we will become a riskier country that encourages everyone to be more cautious and risk aware.