Buying up Singapore
The Malaysians are getting more aggressive in their forays into foreign business. In economic terms, being aggressive is ok. The Malaysians have a big picture and a new ball game to play in Singapore. With everything on the table for sale, the Malaysians are making hay while the sun shines. First they bought over GK Goh Stockbrokers, now they are buying Kim Eng Securities. In Singapore, the stockbroking business is seen as a sunset industry, dying. So Singapore stockbrokers have been advised to sell off this dying business. In Malaysia they must have been advised otherwise. They must still believe that it is a golden goose that will lay more eggs into the future. Who is right and who is wrong only time will tell. In the Malaysian big plan I think they will not stop at just buying two broking houses. Next could be one of the big banks. DBS should be very attractive when the price is right. How about SIA? This will be the apple of their eyes to replace MAS. And if they can buy over PSA, there is no need to worry about Gelang Patah. They can even promote PSA to the fullest and export all their goods through Singapore. And they would probably need a 3rd and 4th links. There are many more worthy assets to buy over. Keep the momentum going. This is simply brilliant. While Singapore is strategizing on how to integrate into Malaysia, Malaysia has its own idea on how to integrate Singapore into Malaysia.