SIA is Singapore's pride, one of the most successful airline in the world. It has faced many crises but survived. It quickly rebounds from making losses to making profits and regularly rewards its shareholders and employees with good dividends and bonuses. The successes did not come easy. It is not just good reputation but good management, setting high standards of service, quality and safety records and many others. On its own, it is very unlikely that such a well managed airline would go under. It did faced an internal crisis in the 70s and LKY threatened to close it down. The troublemakers got the message and the airline returned to normal service.
Success breeds success, but also breeds conceit. It is very tempting to keep on expanding, acquisition etc to increase revenue and profit. Nothing wrong with that. But the world is not Singapore. Singaporeans have this tendency to think the world is like Singapore, all decent and proper, plays by the rule, no cheating, no foul play. The way Singapore imports foreigners in the millions and fully trusts their credentials, papers and qualifications is bizarre. Singapore takes them at face value, with little checking or too difficult to verify, so never mind. If the foreigner can outtalk or outwit the Singaporean interviewers it is ok. Fake qualification or no qualification, can work good enough. Can you imagine with the millions of foreigners, many are fakes and cheats, Singapore could hardly fish out the cheats and fakes. But I digress.
SIA has a record of mergers and acquisition, buying up poorly run and money losing airlines. This is not a bad thing, a common thing by corporations seeking to spread their wings. With SIA's good management practices and standards, it should be easy to revamp the operation and services of the new acquisition and turn them around to become better managed and profitable businesses.
In reality this is not that simple, not always the case. Things are not that simplistic. The culture and politics of the acquisition could be very messy and beyond control. If SIA has no ability to take full control of the management, to run the new acquisition into another little SIA without interference, it is better to play safe and avoid the risk. Remember, SIA is public money and have to be careful with how money is invested, and has to answer not only to the shareholders, but to the employees and the govt. SIA is best to play it safe in M and A.
Some countries are very good in playing dirty, attract investments and then run down the corporation and making big losses, and demand the investors to pick up the tab, pay for the losses. Paper gains or losses are very easy to cook. They make money from stupid investors by raping the investors. And if the stupid investors refuse to pay up, they will sell off the corporation to their left hand with big losses to wipe out the investors. Either way, stupid investors will lose and lose and eventually becoming an ATM without being wiser.
The world is not as clean, decent and proper like sanitised Singapore when management is above board and operates under proper rules and regulations. Many countries make easy money by cheating and raping their stupid investors. And suckers are born every day, and thinking they are not suckers. Period.
18 comments:
What can one say when stupidity already has no known cure. What is worse is when one stupid bean gets screwed by an even stupider bean, or should I say a crookeder bean, there is no excuse.
If the old man had been around, he would not even allow SIA to invest in Air India. Just watch his take on India on Youtube, talking about the system, the mental attitude and behavior of the Indians.
But what the old man's stand may not be cast in stone. Remember what he said about building casinos - over his dead body. But they built the two casinos over his live body.
Very strange, India Airlines lose money, they asked Singapore to pay. Indian banks lose money they also asked Singapore to pay. Did Singapore ended up paying like a fool?
Singapore is more than an ATM to India. India can send all their unemployed to Singapore to get permanent employment. And Sinkies lan lan become gig workers.
Singapore's problem is having too much money but don't know where to invest, how to invest. Good and safe investments are hard to come by. So ended up any shit also want because got money must invest.
And when a conman comes along and say I got this lobang to make quick and easy money, everyone will be salivating and just jump in. Why not, if make money got big bonuses and also can say I so clever. If lose money also never mind, OPM what.
Make money big bonus. Lose money, if dismissed, big compensation. Best of both worlds.
LKY and GKS must be turning in their graves.
All that has been built up and saved by the 1st generation leaders and pioneer citizens is now being frittered away or given on a platter to those hungry and hard striving aliens crowding at the wide open door, leaving the descendants of the pioneers in the cold.
That's the old man had no choice as the successors cannot create any new economy except still clinging to the old Servile Service One.
So had to give away as also no more strength to oppose.
They shall recommended to him synergy of the economy as ours just Air and Sea Ports, Hotels, and Swift Taylor, MICE businesses only.
So Resorts and Casinos goes hand in hand with easy monies.
They knew Sinkies are not meant to do industrial manufacturing businesses and only innovations are poh piah and char Kway Teow!
Also cannot get hands dirty unless really no.choice.
All.aiming White collars executive jobs with ties and air conditioning.
So still have to carry on and hope for the best no chaos and turbulence in this World.
Now going to have Terminal Five and also millions to boost Tourism.
See how long.can last!
LKY already said after my time don't know how long there be a Singapore!
Maybe be Indiapore or UAssA 51st State!
No eyes see!
Oops apology forgot Sinkies can created Chips like.the Taiwanese but only Potatoes Chips!
Cheers
sad, but so true. it is incomprehensible to first gen hard working folks... guess this is due to total lack of accountability and strong leadership
Ahem, ahem - if DBS or SIA investments in India make money, Modi will find a way to let Adani or TATA to take over. Heads India wins, tails Singapore lose.
At this U.S. visit to China dinner banquet, the most eye-catching figure in the prime center seat between Musk and Cook was Lansi Technology founder Zhou Qunfei—from a rural factory girl to China's richest woman, with absolutely no background to rely on, building everything from scratch through her own grit. She was born in a small village in Hunan Province. At age 5, her mother passed away, and her father became disabled and blind from a work injury, leaving the family in dire poverty with nothing to their name. At 16, unable to afford school fees, she was forced to drop out and head to Guangdong to work in a factory, grinding glass on the assembly line—working days away during the day and furiously self-studying at night, earning certifications in accounting, computer operations, and other skills. That's how she spent a few years, until she scraped together 20,000 yuan from her wages, rallied eight relatives including her brother, sister, sister-in-law, and brother-in-law, and started a small workshop in Shenzhen doing watch glass processing. She handled machine repairs and sales runs single-handedly, grinding away like that for another four years.
By the 2000s, the mobile phone industry began booming on a massive scale. By a stroke of luck, her watch glass factory landed an order for TCL phone screens. She spotted the huge potential in the phone glass market and quickly founded Lansi Technology, specializing in the production, R&D, and sales of phone glass. At first, they only handled domestic phones and knockoffs, but everything changed when she went after a Motorola order—foreign companies had insanely strict quality standards. She bet nearly all her resources to meet Motorola's demands and snagged the V3 order, which sold over 100 million units worldwide, catapulting Lansi Technology straight to industry leadership. From there, she smoothly secured deals with Nokia, Samsung, and other foreign giants.
The pivotal turning point hit again in 2007, when Jobs unveiled the first iPhone, revolutionizing phones toward full-glass touchscreens. Jobs' obsessive craftsmanship demands left the whole world scrambling for a supplier that could meet them. Zhou Qunfei keenly sensed this was another massive opportunity, so she led her team in a three-month joint push with Apple engineers, breaking through key processes to mass-produce the first-generation iPhone glass panels. That locked in a long-term Apple contract, and soon after, nearly all Apple gear—from iPads to MacBooks—went to Lansi Technology for production. It also propelled Lansi to become the world's top player in touch glass panels.
That's why she got to sit next to Cook. But why was Musk right there beside her too?
After dominating global glass panels, Lansi Technology branched into more diverse smart devices, including car cockpits and robots. In autos, they've already locked in deals with 30 carmakers like Tesla, BMW, Mercedes, and Li Auto for windows, center consoles, and more. In robotics, they handle joints, sensors, and other components—areas with deep overlap in Musk's businesses.
A girl who dropped out at 15 with just a junior high diploma, emerging from rural Hunan to build an empire from nothing and become China's richest woman—forty years later, stepping into U.S.-China talks, seated between Musk and Cook. That's Zhou Qunfei's story.
This shown that it's not necessary to have degrees and all.sorts of papers qualifications to be smart and.innovative!
Be SMART in your common sense and able to seize opportunities when arises with foresight and 🧠 brains
https://youtu.be/Vr1UPe8jkUs?si=amh8eai3GBWSsjMN
Listen and see Scott Ritter mentioned of her and said even the Americunts CEOs cannot compared to her
富不过三代 The first generation Works hard to build Wealth. The second generation Maintains and Expands. The Third, Destroys it from the Arrogance and lack of Wisdom.
Likely oredy taken over but dare not say.
Second generation under Woody already started the destruction.
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