The failed Amaravai project in Andhra Pradesh is being revived with the India court overturning the earlier ruling, that the project should be built as originally planned. Singapore Amaravati Investment was the main developer and had poured in some millions into the project until it was cooked and abandoned by the Indian state.
So, is this news meant to be good news or bad news? Singapore's investment and money had gone under the bridge. Would the super talents in Singapore think it is a good opportunity, with the door opens up again, to dump in more good money after bad money? Would the conventional wisdom of once bitten twice shy be ignored as the super talents have more super wisdom to chase after bad money with more good money?
Who would be the advisors to use more OPM to dump into this nefarious state that one day is all bright and sunny and the next could be dark as hell?
What do you think? Would Singapore continue to see the golden opportunity waiting for them in Andhra Pradesh and regroup another team to bring bags of dollars to India again? Or would someone say, enough is enough. Or would some wise crack say, the benefits outweighs the risk. After all it is OPM. If it fails again, it is ok, not from my pocket. If potluck strikes jackpot, can claim credit and ask for bigger bonuses? Then announce to the world how clever it is to make such a smart decision, when angels would not dare to tread, but we dared and we did, and we won? We told you. My guess is right. My gamble pays off.
After collecting so much money from the people, hiring so many million dollar experts and talents, they must be seen doing something, and the money must invest somewhere right?
16 comments:
Death of current monetary and investment system:
https://www.zerohedge.com/commodities/why-gold-will-rise-financial-system-has-changed
'Even if the horrific war in the Ukraine de-escalates, the extreme financial moves made by the West since late February will never be forgotten. That genie can’t be put back into the bottle.
Even the Swiss decision to abandon centuries of neutrality by joining “woke” (i.e., US-pressured) sanctions against Russia is the equivalent of a placing a massive, neon flashing sign atop the Matterhorn which reads: “Don’t buy CHF, Buy Gold.”
In short, the financial world has now changed, and there’s no turning back.'
Biden and his bunch of clowns have just dug a big hole to bury the greenback.
The demise of the greenback is imminent.
Let's go, Brandon.
Losing trust in USD:
https://www.youtube.com/watch?v=ogMOYxqKyxE&t=1s
Of course Singapore must invest in India. Otherwise how to grow the extra GST money???
You mean how to justify increasing GST, not how to grow extra GST?
Just wondering how A non yes mouse is getting on. He has not been posting for one week already.
Are you alright non yes mouse?
Keep fit --- mentally & physically & financially. Then can enjoy golden years & TCSS here!
Yes, need to increase GST becoz need more money to invest. Need to invest in Amaravati becoz need to grow more money. Circular economy & circular investing!
Even Xi has thrown in portion of the white towel. Less lockdowns & more re-opening! Less debt restructure & more borrowing/spending! Less corporate crackdowns & more laissez faire!
Xi realises ... to have social stability --- you need to have happy population! Bitter medicine need to be dispensed in small dose over many years, not force fed down peoples' throats in 1 day or 1 week!
Investing in India is a sure bet for the 4G ministers. Singapore has been investing in India for many years. CECA is just a sweetener for the opportunity to invest in India. However, Singaporeans are not business-smart. Only book-smart. To do business in India you have to think Indian, must be able to talk and think smart. Book-smart Singaporeans will be chewed up and spat out be Indians when doing business in India. If this Amaravati Project is revived The book-smart Singaporeans will go to India again with sacks full of S$ and will end up with S$-zero again. It is OK because it is OPM.
I have a bad feeling about this. But my feeling counts for nothing. Just like Parliament, they probably already made up their minds and debate is meaningless and is just going through the motion.
The massive financial stunt against Russia has shocked and stunned the financial world. How can countries not be alarmed by such acts of freezing and seizing assets not put them in fear? Money accumulated for ages and gone in seconds just by the dictates of the USA. Daylight robbery it is! It is basically a self destruct move, a move whose consequence is not carefully thought out.
George Yeo used to be mesmerised by everything India. However, after the fiasco appointment as chancellor to the Buddhist University he helped to build, he would have a very different opinion about investing in India. He should be appointed as an adviser to GIC to advise on anything India and prevent good money being thrown into a bottomless dark pit.
Our 4Gs are very daring and adventurous - going where no one else dare!
India was a colony of the UK, their legal system was adopted from the UK laws, many countries follow the Indian Penal code as it is developed with the best legal minds of UK. This legal system was much better than the Chinese legal system when India gain independence, also India is a democracy compares to communist China.
However China has leapfrogged India in a few decades in many many aspects. What is the main difference?
Heard from the grapevines that when one of the local banks headhunted its top honcho from one US bank, on the first day of work when he was presented with business plans and projects - all projects and business in the Indian sub continent to be suspended. Heard that the American bank where he was headhunted had lost tons and tons of money there.
In a country where even the central government had endorsed a project, the company still needs to deal with local and provincial officials. Everything needs to be greased to move. Many companies were lured in by cheap promises, only when they set foot and sinks in the money, the demands and problems starts piling up - many times the budgeted amount and all cannot be accounted on paper!
In our neighboring country Malaysia, one company Sime Darby - a conglomerate computed that since they are paying so much to the banks for their services it would be cheaper to have their own bank. Yes the Sime Bank came into existence but they never deal with some of the untouchables who ask for loans and overdrafts and many others but never repay those loans and overdrafts etc. These work out to be even more costly than bank charges! Sime Bank had to merge with RHB. Lesson - never ventured into unknown territories which looks greener from the outside.
I can only say good luck to the daring 4Gs.
India is mesmerized by Sin. The lndia lndians rever the Late Lee Kuan Yew and is said to build temple for the lndia lndians to worship him. And there is also some sculptures of him all over lndia.
One villager parents even name their child Lee Kuan Yew. Maybe there could be others name Lee Hsien Loong, Ho Qing as well. A Sin Catholic was made a top member in a Bhuddist lnstitution of lndia. There could be other Sin Stuff and Culture that lndia lndians may want to copy and emulate.
Sin and Sinners do great in lndia and if more are put into lndia, more Sinkies will be revered and worshipped there. Keep up the Great Work.
Sin no horse run, meaning Sin doing
Excellently Well in lndia.
Never discount the Govt's brilliance in doing business with foreign nations in the wake of sanctions against Russia, picking a fight that is not our fight just to show the world in western media that we are a "principled" nation.
You really meant never to underestimate their stupidity right?
If u need to ask, this is how I am taught by masters RB here and that lost uncle from Diary of Singapore Mind to write a negative in a postive way. Another word 'Sar....
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