oh that mean new under table money going to be pay out to the new boss of thailand lor..... no problem then.... problem solved just pay more money nia what............ here come the new "needmoneytopaycommissiontothainewboss tax"Originally posted by LazerLordz:Singapore PM calls Thai coup a ‘setback’
By John Burton in Singapore
Published: October 6 2006 12:25 | Last updated: October 6 2006 12:25
There are suggestions that Singapore may try to resolve the dispute soon by holding direct talks with the new government of Surayud Chulanont. Singapore was the first member of the Association of South-East Asian Nations to send a congratulatory letter on his appointment last weekend.
http://www.ft.com/cms/s/4418a67c-552b-11db-acba-0000779e2340,_i_rssPage=6700d4e4-6714-11da-a650-0000779e2340.html
Seems like PM Lee is on DEFCON 1.Originally posted by LazerLordz:Singapore PM calls Thai coup a ‘setback’
By John Burton in Singapore
Published: October 6 2006 12:25 | Last updated: October 6 2006 12:25
Lee Hsien Loong, the Singapore prime minister, said Friday that the Thai military coup was a "setback for Thailand", but "we have to accept it", as he discussed for the first time the overthrow last month of Thaksin Shinawatra, the Thai prime minister who was a close ally.
The remarks before a group of Asian and European editors underscored the balancing act that Singapore is seeking to achieve as it weathers the fallout from the purchase by Temasek Holdings, the Singapore state investment company, of Shin Corp from Mr Thaksin's family.
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A Thai court this week agreed to hear a petition to revoke the licences of Shin Corp, a telecoms and media group, because of allegations that Temasek breached a 49 per cent foreign shareholding ceiling for strategic industries. Thai police are also examining a report from the Thai commerce ministry on whether Temasek violated the ownership laws.
There are suggestions that Singapore may try to resolve the dispute soon by holding direct talks with the new government of Surayud Chulanont. Singapore was the first member of the Association of South-East Asian Nations to send a congratulatory letter on his appointment last weekend.
Mr Lee described the $3.8bn deal as "a professional decision and a proper one", explaining that Temasek, which is headed by his wife, Ho Ching, had to be "careful, but also take risks" in making overseas investments.
Temasek has embarked on an ambitious international acquisition programme since Ms Ho became its chief executive in 2002. Temasek could boast of a good performance record for its overseas investments with the exception of Shin Corp.
The disclosure that the Thaksin family did not have to pay taxes on the sale triggered a political crisis that has caused Shin Corp's share price to fall by more than 40 per cent since the deal was concluded.
Singapore did not bear any responsibility for the Thai political crisis triggered by the Shin Corp sale because Mr Thaksin was already facing anti-government demonstrations prior to the deal, Mr Lee said.
Temasek conducted a political risk assessment of the deal, but it would have been hard to predict the political impact the sale caused, said Mr Lee, noting that "it's easy to see the decision in 20/20 hindsight". Mr Lee defended the investment as showing confidence in Thailand's long-term future.
The Singapore leader cited the Thai coup as an example of the problems of applying western democratic ideas to Asia, explaining that Mr Thaksin was deposed in spite of winning two previous elections.
Western liberal democracy "is not a magic formula for success" in Asia because it "has not always delivered stable, legitimate and effective government".
http://www.ft.com/cms/s/4418a67c-552b-11db-acba-0000779e2340,_i_rssPage=6700d4e4-6714-11da-a650-0000779e2340.html
they have already started losing money since day 1 when they bought over..Originally posted by dragg:without the telco and media license i wonder how much more they are going to lose.
No thai PM and certainly not the thai king will be prepared to kill the golden goose..it will be business as usual..Originally posted by dragg:without the telco and media license i wonder how much more they are going to lose.
Originally posted by Atobe:Military coups are setbacks of democracies; to have the military involve in political decisions are both unfortunate and undesirable, but at times they may be the lesser evil. In the case of Thailand, it is in my opinion that its too early to judge if its a complete setback or not, it will depend on the transition back to civilian government. Yet to have precedents and reoccurance of military coup is hardly a healthy clinical sign of a democracy.
If the military takeover is seen to be a setback by the standards of the POWER OF ONE, what can LHL comments be to his father's statement in the possible necessity to a Singapore SAF interference into any future political success of the Singapore Alternative Parties to form a new Singapore Government - seen by LKY as a [b]'freak election victory' ?
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Originally posted by wisefool83:We are now almost past the two weeks that the Thai Military has set for itself to handover Thailand to Civilian Rule; and that has been fulfilled with the new Cabinet forming a new Government being accepted and blessed by the Thai King.
Military coups are setbacks of democracies; to have the military involve in political decisions are both unfortunate and undesirable, but at times they may be the lesser evil. In the case of Thailand, it is in my opinion that its too early to judge if its a complete setback or not, it will depend on the transition back to civilian government. Yet to have precedents and reoccurance of military coup is hardly a healthy clinical sign of a democracy.
MM LKY was crafty in allowing himself the good excuse for military intervention as when a freak election result produces a government that depletes the Singapore Reserves.
With regards to MM Lee's comment of a possible necessity of SAF interference in politics, I would think that he meant the same scenario as well; where the civilian government is so incompetent that a military coup became the unfortunate lesser evil. While it may be argued that the PAP had tight control over the legal and press system, they control over the military at the moment do not guarantee a coup in their favour.
Whos money are they losing ???Originally posted by 4getmenot:they have already started losing money since day 1 when they bought over..