Why temasek is hated regionally and globally?
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Temasek is despised by number of garmens not becasue its a Singapore investment company BUT because of the close links to the Lee family right from the CEO of Temasek to the CEO of Singtel. Foreign governments and their media are always quick to point out how Ho Ching is linked to the Prime Minister who is also the son of LKY.Foreigners see it as a family run organisation using Singaporeans money. The question is whether all this family related publicity doing Temasek any good or is it harming the company and its investment interest? Lets not even discuss transparency of GIC and Temasek.
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they are doing us neither good nor harm.
whether temasek earns or lose nobody knows. moreover whatever they made we dont have a share. -
I don't think Temasek is hated, otherwise, they wouldn't be able to have so many investments overseas.
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Temasek is not hated. Their bonds are given an AAA rating by Moody's credit rating.
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a smart goverment will look at whether an organisation is able to bring about economic growth for their country and won't be bothered whether who own them as long as they do thing according to their law.
if goverment hate this organisation or that organisation just becos they detest someone, who will suffer in the end? it the country that will suffer in the end cos simply put. you don't welcome me to do business in your country, there will always be ppl that welcome me. -
there's no law in singapore that states that the pm's family members cannot be in powerful positions.
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strangely enough mas is making it difficult for banks to be family controlled.....
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Is Temasek "hated" for its business raids overseas - buying up the 'gem' companies in Australia, Malaysia, Indonesia, Thailand, Hong Kong, China, Korea, USA, UK, India, and Timbuctoo ?
"Hated" maybe too heavy and too strong a word that do not accurately reflect the emotions of the nationals of the countries that Temasek has targetted.
"Resentment" is more likely to accurately understand the emotional feelings against Temasek's aggressive forays in buying established companies.
Businessweek Report : Stalled in Singapore may offer an accurate assessment of the people whose country Temasek had raided. -
Originally posted by Atobe:
wah lau if you are businessman will you choose to go for a gem company that already have a pretty big slice of the market with infrastructures and everything in place or will you go for a small ikan bili company that still need to pump in alot of money and fight with the big boys for a bigger market share?
Is Temasek "hated" for its business raids overseas - buying up the 'gem' companies in Australia, Malaysia, Indonesia, Thailand, Hong Kong, China, Korea, USA, UK, India, and Timbuctoo ?
"Hated" maybe too heavy and too strong a word that do not accurately reflect the emotions of the nationals of the countries that Temasek has targetted.
"Resentment" is more likely to accurately understand the emotional feelings against Temasek's aggressive forays in buying established companies.
Businessweek Report : [b]Stalled in Singapore may offer an accurate assessment of the people whose country Temasek had raided.
[/b]
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i think wary is the right word to use instead of hated.
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Would you be afraid if suddenly government related companies from around the region started buying up SingTel, SIA and DBS?Originally posted by dragg:i think wary is the right word to use instead of hated. -
Hmm.. how come we don't read about government link companies from other countries wanting a share of our own GLCs?
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Are the majority of our GLCs that attractive?Originally posted by ShutterBug:Hmm.. how come we don't read about government link companies from other countries wanting a share of our own GLCs? -
Are you saying our GLCs CMI?Originally posted by LazerLordz:Are the majority of our GLCs that attractive? -
that is exactly what temasek is doing.Originally posted by charlize:Would you be afraid if suddenly government related companies from around the region started buying up SingTel, SIA and DBS? -
So you understand how people from other countries feel when people from our side start throwing money at them and start buying up their national assets.Originally posted by dragg:that is exactly what temasek is doing. -
of course i do.Originally posted by charlize:So you understand how people from other countries feel when people from our side start throwing money at them and start buying up their national assets.
china and malaysia is now doing it too. -
it take two hand to clap man. it not our fault to buy their national assets, they have the right to reject, but if they going to sell due to the temptation then it their fault isn't it?Originally posted by charlize:So you understand how people from other countries feel when people from our side start throwing money at them and start buying up their national assets.
what we want to gain from doing business? it profit it money, as long as there are opportunity out there that can earn more money who will say no? -
of course the seller only cares about profit. but the citizens of a country see it differently. selling to another private company is unlike selling to temasek, which is actually the singapore govt.Originally posted by strikefreedom:it take two hand to clap man. it not our fault to buy their national assets, they have the right to reject, but if they going to sell due to the temptation then it their fault isn't it?
what we want to gain from doing business? it profit it money, as long as there are opportunity out there that can earn more money who will say no? -
if you bring in citizen view and feeling it mean you are mixing business with emotion and in business world sadly to say they don't come hand in hand.Originally posted by dragg:of course the seller only cares about profit. but the citizens of a country see it differently. selling to another private company is unlike selling to temasek, which is actually the singapore govt.
well selling to who no one can control cos who can pay more of course sell to them lah. will you say no to higher profit? just becos the company is own by goverment and feel dissent abt it, i think that is pretty childish from a business point of view.
we got to realise that if it not Temasek that bought it, some other company will so why let ppl have such a good opportunity if we can have this opportunity to ourself right?
same thing with optus, when singtel bought over it, aussies start to protest, grumble etc, but two week into it no one even bother man. this is just a common passing phase.
at the end of the day, if they can provide a very competitive services to the ppl you see they will say no and go for other company? -
The problem here is not the business part, but the fact that in very real sense we are controlling their strategic assts. They are just concern about having another country's gov in the controlling seat I guess.Originally posted by strikefreedom:if you bring in citizen view and feeling it mean you are mixing business with emotion and in business world sadly to say they don't come hand in hand.
well selling to who no one can control cos who can pay more of course sell to them lah. will you say no to higher profit? just becos the company is own by goverment and feel dissent abt it, i think that is pretty childish from a business point of view.
we got to realise that if it not Temasek that bought it, some other company will so why let ppl have such a good opportunity if we can have this opportunity to ourself right?
same thing with optus, when singtel bought over it, aussies start to protest, grumble etc, but two week into it no one even bother man. this is just a common passing phase.
at the end of the day, if they can provide a very competitive services to the ppl you see they will say no and go for other company?
Though I wish Temasek would be more open. I agree with LHL that if other country don't want Temasek, temasek won't go there. -
by concerning about their thinking is already mixing emotion and business together isn't it? and in business world you don't do that though it may look like hard hearted but it a something that is needed if we want to profit in that business.Originally posted by lighthand:The problem here is not the business part, but the fact that in very real sense we are controlling their strategic assts. They are just concern about having another country's gov in the controlling seat I guess.
Though I wish Temasek would be more open. I agree with LHL that if other country don't want Temasek, temasek won't go there. -
I think you are not really understanding what I mean. Look at it from the view point of their people, if lets say today Temasek took over the controlling interest of a big company that has up to 3000 people under its pay-roll. What will happen if (big if here hor) Temasek should break up the company, strip it of it's most valuable assets and sells it off. What do you think will happen to those 3000 people? Normal business will be a large-scale lay-off rite?Originally posted by strikefreedom:by concerning about their thinking is already mixing emotion and business together isn't it? and in business world you don't do that though it may look like hard hearted but it a something that is needed if we want to profit in that business.
While I don't think Temasek is so bad, in a way I can understand how their people might feel. If some other country's gov was to take over control of my company, I too will feel threaten by it and start to wonder if retranchment is in the cards for me. -
Do the governments of other countries form GLC?Originally posted by ShutterBug:Hmm.. how come we don't read about government link companies from other countries wanting a share of our own GLCs?
I admit we will feel marginalised if local companies regarded as "national assets" are being taken over by foreign companies. However, such emotion does not equip us with ownership. We cannot exercise the right to reject such a bid, unless we own it. This holds true for citizens of other countries too.
However, no companies are legally national assets, even if they are listed on the public stock exchange. In the business world, it is the law of the jungle that dictates who takeover who. -
Forgive me, how do you ascertain that temasek is hated regionally and globally? Is this a valid fact at all? This assumption is very misleading.