Providence smiling at the Red Dot
While all the super talents were planning and strategising their moves to conquer the financial world, Providence was watching. What human beans intend, without the aid of Providence, will hardly get anywhere. But when Providence smiles, fortune comes a knocking at our door. We have spent a lot of money buying little banks and incurred the anger and minds of their petty leaders. They basically said, we want your money but not your presence. Or we don't like you. Leave your money here and get lost. Then the sub prime loan crisis came and many fell along the wayside. And Providence keeps smiling. The Red Dot is welcomed to work with the big international banks. The number one European bank, the UBS is offering the little Red Dot a majority share in the bank. And the little Red Dot did not even have to sweat for it. I don't think we even think of owning such a bank. But Providence smiles only on those who prepare themselves for it. We have positioned ourselves well and being in the right place and the right time counts. Also being seen as a decent and predictable entity, operating under the rule of the law and not the rule of the fist helps. Singapore should discard its little boy mentality and walk with the big boys in the international arena. Forget about wheeling and dealing with the kampong chieftains. Singapore can go places.