Richard
Hartung, a foreign talent, wrote in the Today paper today asking ‘Why Spore
should not sell off its iconic firms’. The reasons are obvious, there are
things that are more valuable than just in monetary terms and should not be put
up for sale using profit and loss rationale. There are national psychic involved,
national pride, culture, aspiration and identity. What would Singapore be if
they sell away DBS, SIA, the Istana, PSA, SMRT, SBS, HDB, the National Museum,
National Arts Gallery, the universities like NUS, NTU etc etc? What the heck
spending on foreigners to buy gold medals in sports for?
Richard
Hartung also talked about the loss of core skills if a national shipping line
would go and how it would affect the business of PSA. Would the new owner bypass
PSA and make Malaysian ports their ports of call and head office? What about
the core skills of shipping talents? Not important? Yes, not important. We
already have lost our core skills in banking and finance and IT and would need
30 years to train our next generation of bankers, finance and IT experts if the
govt is serious to pursue this line of thinking and not just paying lip services.
We even
compromised our Total Defense Concept by bringing in foreigners in the millions
and given important appointments in govt services and GLCs to foreigners called
new citizens and some not even new citizens. We are at the verge of cleaning
out our local academics in the academia by replacing them with foreigners.
Would we be losing any core skills and talents?
And the NOL
and SIA do not just play a commercial role for profit and loss. In times of
war, they have supporting role to play for our military services as well. Are
we really going all out on this Great Singapore Sale just counting dollars and cents?
Are there other more important considerations to think about, strategic
interests, the big picture, a nation versus a hotel?
All the kpkb
in the social media will be of no use. Maybe what this Richard Hartung said may
ring a bell, because he is a foreigner and foreigners are the smarter people in
this Sin City. And in this case this foreigner also thinks this Great Singapore
Sale of iconic assets is not a good idea.
What do you
think?