This was taken inside the Kai Yuan Temple in Quanzhou during my recent trip to China. The girls were tourists visiting the city.
7/13/2012
Sequel to ‘Do not underestimate the Malaysians’
Temasek ignores downgrades, is very optimistic on India story
Mydigitialfc.com, 5 Jul 2012 by Rajesh Abraham
Temasek, the investment arm of the Singapore government, on Thursday said it was “very optimistic” on India’s long-term potential, dispelling fears expressed by rating agencies which downgraded the country’s outlook recently.
The Singapore sovereign fund, …said it would continue to bet on Indian companies, which are proxies for the country’s economic growth. India accounts for 5 per cent of Temasek’s 42 per cent exposure in Asia.
The sovereign fund has $109 billion worth investments in Asia, making India investments at nearly $6 billion….
This is an extract of an article by Rajesh Abraham reporting from Mumbai. I like his use of the word ‘bet’. It is not investment today is different from the past. All are taking a bet. The only difference today is the betters are betting big time today, not with their own money but with OPM.
And while Temasek has its gun sight lined up at India, Malaysia is lining up to acquire the assets in Singapore. Not a bet deal really, selling Sinkie assets at a high price and buying cheap in India. The return is tremendous, and both ways win, making good profits at home and potentially bigger profits in India. This is putting the win win formula into practice.
When you handle OPM, you can be as garang and 'action' as you like.
ReplyDeleteBetting on India however is a good move. Time to outsource more jobs there. Singapore wages are getting higher, perhaps the Indians can offer better bang for the entrepreneur's buck.
Maybe, they are doing as a "wayang", and you covered mine backs, and we ventured forth.
ReplyDeleteDont underestimate the Civil Servants, who could be against Singaporeans.
We don't call them the Pro Alien Party for nothing.
ReplyDeleteSo what are we fighting for when we do our NS?
Who knows that maybe in ten years Sg may make enough money to buy the Island of Goa from India.
ReplyDeleteSingaporeans sure gooder than Malaysians.
ReplyDeleteThat's why they have to come work
in Sin.
Hope they do not get spoof by the Indians. They have tasted Chinese bitter gourd for several decades and still insist it was sweet. They will soon taste the Indian 'bitter' nut. They will then vomit blood.
ReplyDeleteNeed no worry. The Indians are experts in dealing with this bunch. They probably got some notes from the Sinkie Indians in how to screw them all over without them knowing.
ReplyDeleteFBI
Hi FBI, welcome to the blog.
ReplyDeleteThink you are right. If the Indians can conquer the American financial industry with the Americans asking for more, and being able to wrestle control from the Americans in some of the too big to fail banks, they must be very good.
And they are so good that the Americans gave the banks to them to run happily. Daft Sinkies stand no chance except asking to be screwed.
No need to worry lah! Ho Jinx will make sure it is a win-win situation in any position. She is as good as any Indian snake charmer!
ReplyDelete