10/16/2013

In praise of Singapore

Below is an extract of an article posted in Thoughts of a Cynical Investor blog.
 

Why more FT Indians here than local Indians?
In Economy, India on 15/10/2013 at 4:52 am
 

…’Assuming he is correct about the FT Indian population being bigger than the local Indian population, there is possibly a gd, sound economic reason for it:- Our local Indians are not the “right” kind of Indians S’pore needs?
He may not be aware that S’pore’s an offshore hub of India, along with Dubai and Mauritius.
 

The largest hub for Indian trade is probably Singapore. It is the centre for investment banking, which thrives offshore, owing to the tight regulation of India’s banks and debt markets. Reflecting this, the global exposure to India of Citigroup and Standard Chartered, the two foreign banks busiest in India, is 1.9 times the size of their regulated Indian bank subsidiaries.
 

Fund managers running money in India are often based in Singapore. India’s best financial newspaper, Mint, now has a Singapore edition. At least half of all rupee trading is offshore, says Ajay Shah of the National Institute of Public Finance and Policy in Delhi. Investors and firms do not like India’s fiddly rules and worry that the country may tighten capital controls if its currency falls too far, says one trader in Singapore…..
 

Indian e-commerce firms often get their data crunched in Singapore, using web-hosting and cloud-computing firms, such as Google and Amazon. Amitabh Misra, of Snapdeal, says bandwidth costs less, technology is better and you avoid India’s headaches—such as finding somewhere to work, coping with state-run telecoms firms and having to wait to import hardware.
 

Singapore is also a centre for legal services. International deals involving India often contain clauses which state that disputes be arbitrated outside India, with its clogged courts. Singapore, along with London and Paris, has become the preferred jurisdiction. “The level of comfort Indian companies get from Singapore is unmatched,” says Vivekananda N of the Singapore International Arbitration Centre.’
 

This is the kind of tribute paid to Singapore that is not often spoken. It would be good that our dumb asses take note of such praises and stop short selling the value of this city like a prostitute’s den. We have great and absolute value and the foreigners are not going to run away if we insist on implementing polices and laws that benefit our own people and country. Instead they will come crawling at our doors just to get in. Those cheapskate companies that think they could threaten our weak dumb asses to bow to their demands are best that they leave this island. There is a very long queue of foreign companies waiting to come in, with a horrendous long queue of foreign workers begging to be let in to find their pot of gold here.

21 comments:

  1. RB, no lar. If government plays tough the investors would pull out as they have given ample warning. Then we eat grass, no? Knn, no way to run man!

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  2. "There is a very long queue of foreign companies waiting to come in, with a horrendous long queue of foreign workers begging to be let in to find their pot of gold here."
    RB

    Tio, but as long as PAP is the govt.

    The moment opposition is voted into power, the queue will disappear overnight for sure.

    When that happens, like Anon 8:39 am above said, Sinkies will eat grass, then they know.

    Hence thank God, at least 60% are still sensible to vote for the right party every election.

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    Replies
    1. This is not a problem that was left overnight,came on at the flick of a switch, its there like since when, the japanese found a way, they saw it even without having a million dollar salary, so where is the actual problem coming from anon 8.39 & 8.49, the ppl, the planning or the vision.

      If we dun have the vision then why draw the millions, just give it back to the ppl

      Delete
  3. PapayasBrigadeSucksOctober 16, 2013 8:58 am

    Ho ho ho!

    RB,

    so early got anon 8.39 and 8.49am to ambush you liao.

    Seems like they waited whole morning already to do that!

    Ho ho ho

    ReplyDelete
  4. Why is it the brilliant minds in our Govt do not see things the way RB see.
    Could the Govt be tough with the errant companies the way Beijing Govt did?
    I think our accommodative Govt will continue to mollycoddle the foreign companies to induce them to stay put.
    Let's see what MOM would do to the Swiss restaurant that defy their rules on fair hiring.

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  5. Lao Ren Yuan ResidentOctober 16, 2013 9:15 am

    RB, you hit the nail in the head.

    There is a reason why there are so many India Indians in this Sinkingpoor piece of rock.

    Our factories are almost all gone except for some industries that we outshine others in, such as oil rig building. Next to the casinos and events like the F1, touted like an inviting prostitute, being an offshore hub for banking and "other services" for India and China is the new game on the block. Can't blame them really for letting so many Indians and PRCs in because this is about the last card in the game.

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  6. Good to have them around to chat and chalk up the hits on this blog.

    If only we have Goh Keng Swee around. You need leaders with the girth to stand up to the bullying foreigners, like the angmoh cyclists threatening Sinkie driver. The driver deserves to be fucked by the angmoh if he dared not defend himself in his own country. Deserves to be kick out of this country and let foreigners take over.

    Our politicians are like the driver. When got hope. Boys are boys. No need to talk tough when they could not stand up, when the knees wobble seeing the foreigners.

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  7. ShitFattyBongBongCyclistOctober 16, 2013 9:37 am

    That f--king angmoh cyclist so f--king fat! Can fight meh? Count him lucky he didn't do it to those heavily tattooed ang beng lorries and vans drivers!

    Also count him lucky he didn't do it to those geylang thugs and loan sharks drivers!

    I DARE HIM!

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  8. Lao Ren Yuan ResidentOctober 16, 2013 9:42 am

    RB,

    You can't really blame the Ang Moh cyclist for acting so aggressive in OUR OWN CUNTRY.

    For all intents and purposes, as there are now almost as many foreigners as there are native citizens in this Sinkingpoor, we are their equals!

    That Ang Moh prick should do his bravado act on the streets of the new Shanghai. He would be bashed in and his beloved bike turned into a mangled heap of crushed metal. I am talking about the NEW Shanghai, not the old Shanghai where once upon a time, a sign hung outside an exclusive club proclaiming: "No Dogs AND Chinese" allowed.

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  9. From a rugged society we have bred generations of gu niangs.

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  10. Goh Keng Swee's time, even the perm secs were very tough men, not boys. They were nation builders and would not be pushed around by foreigners.

    Tan Chuan Jin had to drag Tharman along to talk to the foreign bankers. Cannot blame him as he is a newbie. Maybe another 10 years when his waist is bigger and he feels confident enough to take them on. Or he can ask Chan Chun Sing, the garang one, to be the point man to deal with the foreigners.

    Ya, Chan Chun Sing is the one.

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  11. Lao Ren Yuan ResidentOctober 16, 2013 10:27 am

    One LKY = A bevy of trainee clowns.

    Those were the good old days. Even now, as I spend my twilight years in this old folks' home, I still remember those glory days with fondness and pride.

    I remembered Ho See Beng, the unionist banging an Ang Moh's table during union negotiations.

    Where to find such tough MAN nowadays? All nian nian chiang asses just half the man the old guards was.

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  12. Cockerspaniel barking at wolves? Got noise but no bite lah.

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  13. Blame the Limpeh.
    20 years of mentoring.
    And all he has to show for it is;
    ?????
    a bunch of nobodies who dare not tell foreign talents to hire Singaporeans
    .................
    The only thing more shameful is the 60% who don't dare to vote out PAP.

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  14. Should just order them to his office and make them wait for an hour before seeing them, to show who is boss and to mean business.

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  15. many Singaporeans are now questioning whether the latest batch of pap new minsters and MPs from the 2011 election lack the 'FIRE' and special traits that differentiate them from the ordinary folks.....

    these ministers are expected to anchor their GRCs in next election .....

    on the ground, many singaporeans are faced with record high property prices, record breaking COE/car prices, high healthcare costs, frequent mrt failures, crowded buses/mrts, high inflations, ever changing education system, etc......

    what say U.............

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  16. RB, alamak, I am writing your style and people do not read the real meaning behind my post at 8.39am! So to make it clear, u think our politician dare to risk the gdp or not? No right?

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  17. It is good to take different sides at times. They say, confuse the enemy. : )

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  18. These are the few short sighted visions.

    1. Allowing housing price to go out of control
    2. Allow medical fees to go out of control
    3. Allow politician salary to go out of this world
    4. To allow wild investiments in the name of long term investments
    5. To overpay top civil servants
    6. To allow inflation to eat away people's savings.
    7. To bring in foreigners to replace Sinkies
    8. To go crazy with population growth

    And more.

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  19. rb 3.51 pm

    you say it all.....you are 100% correct....

    many singaporeans are struggling....many are crying.....many are left behind.....many have given up...

    this is the realities on the ground....

    this is life in Singapore.....

    this is rich singapore/singaporeans......

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  20. All said, come 2016 GE, pap will still get at least 70% votes.

    Cheers!

    ReplyDelete