Originally posted by Salman:
Post by Atobe:
It is amazing that the Singapore Government a.k.a the Ruling Political Party is willing pay 15 times the propective 2006 earnings to buy Shin Corp for a sum of S$3 BILLION - which gave a WINDFALL benefit to ONE THAI FAMILY; but will hold to ransom the future goodwill and relationship between two countries with a COMBINED POPULATION of TWENTY-EIGHT MILLION.
First of all, whether its a windfall for Thaksin is arguable because it could have been sold at a higher price to some other party or to the market. The purpose of the sale is to divest business from politics.
Secondly, two major thai sharholders were involved, not one.
Thirdly, gains were made by most common folks who hold more than 50% of the shares.
First of all, can you even understand that at whatever price higher then the
SIXTEEN TIMES of the PROSPECTIVE 2006 earniings that Temasek have concluded would have been a WINDFALL - regardless of who is paying. .

Unfortunately, there were no one else who were foolish enough to buy an insignificant Thai business at a price offer that Temasek has paid at a sum
16 Times MORE then the prospective 2006 earnings. .
Secondly, the 'two major thai shareholders' were none other then the son and daughter of the Thai Prime Minister - who SUDDENLY were announced as the PRINCIPAL shareholder of the Company that benefit from this Windfall.
Thirdly, if the gains were made by most common folks who hold more than 50% of the shares - what do you think is causing all the furore in Bangkok and all over Thailand ? .

Is it not surprising that the Citizens of a Third World country such as Thailand can enjoy a higher degree of freedom to protest over this transaction, while the Citizens of a FIRST WORLD country such as Singapore - can only quietly and cynically accept our money being spent to benefit ONE FAMILY on share prices that are pegged at 16 TIMES the prospective earnings forecasted for 2006 ? .

:
Could we have saved all those hassle and heartburn in the acrimonious relations with Malaysia for the last TEN YEARS ?
Could the relationship have gone beyond the present cordiality, if realism and goodwill had been the foundation over the last TEN YEARS ?
The ball is actuallybwithin the court of the Msians, not us.
It is they who have been making things difficult for us.
Why do you want to sell us out to the Msians Atobe?
Is the ball now within the court of the Msians ?
Why was it reported that the officials from both sides are not asked to 'expedite' the conclusion or crystallizing the details of all issues to be presented to the respective Prime Ministers ? .

Where on earth do you get your information to feed your "no brainer" lines ?
Not so smart to try to stir nationalistic feelings by insinuating "attempt on my part to sell out to the Msians" - by your kind of 'no brainer' characteristic, any conclusion will constitute to being a "sell out". .

In any negotiation, it is not simply how much one can get for ourselves but also the balance of the greater good that can be achieved for the people on both sides that can only lead to a less acrimonious relationship. .
We have nothing to fear from the Malaysians in any competition - not when their system is based on a culture of patronage, and a political-social contract amongst their multi-racial communities that DO NOT allow the best to be in a Leadership position. .
Hope you are not drinking "black crude" thinking it is "black coffee" ? .
