Thai government to impose USD2.8 bln fine on TV station
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http://hosted.ap.org/dynamic/stories/A/AS_FIN_COM_THAILAND_ITV_ASOL-?SITE=ASIAONE&SECTION=SOUTHEAST&TEMPLATE=DEFAULT&CTIME=2006-12-14-05-47-10
So nice.. article very gentle to new owner.. 146th press
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Singapore has already paid S$3 Billion into the personal pockets of Thaksin, and got possession of a useless and worthless peanut shell of a "Shin Corp" - which sound more appropriately as "Shin Corpse".
If Temasek do not pay this S$4 Billion as penalty for breach of contracts by its newly acquired Shin Corpse subsidiary iTV, it might as well see to the dissolution of Shin Corpse, and kiss the S$3 Billion good bye.
To pay another S$4 Billion in penalty, will mean that Temasek has paid out S$7 Billion for a peanut shell.
This is probably not the end of the saga, as the Thais will definitely squeeze Temasek further for the indiscreet shadow companies that held Shin Corp shares allowing Temasek 100 per cent control of Shin Corp - which is contrary to Thai business regulations concerning foreign ownership.
Temasek should have known better in such underhanded dealings, when it comes from a country that is reputed for its high standard of law and order, and being part of a structure of a government that boasts no tolerance for such non-complaince with the Law.
How and who will explain the losses - and further losses - of Billions of Singapore Dollars to the Singapore Citizens ?
It is coming to a full year, since the Shin Corp debacle burst out in January 2006, and yet Singapore politicians and press have largely remained silent.
Are we silently praying for the best to a amicable outcome that still drain more millions - if not billions ?
Or is this silence the calm before the storm ? -
We hve heard that Tamasick is pushing the Singtel share to at least S$3.50 next week to suck sopreans'$ in order to cover the investment losses in overseas.
Be aware!!!! Sillyporeans!!!! -
Originally posted by Atobe:
there is nothing to say.... we wont pay... what can they do? we will keep contesting in the courts until the next thai election.... when a REAL govt come into power in thailand.
Singapore has already paid S$3 Billion into the personal pockets of Thaksin, and got possession of a useless and worthless peanut shell of a "Shin Corp" - which sound more appropriately as [b]"Shin Corpse".
If Temasek do not pay this S$4 Billion as penalty for breach of contracts by its newly acquired Shin Corpse subsidiary iTV, it might as well see to the dissolution of Shin Corpse, and kiss the S$3 Billion good bye.
To pay another S$4 Billion in penalty, will mean that Temasek has paid out S$7 Billion for a peanut shell.
This is probably not the end of the saga, as the Thais will definitely squeeze Temasek further for the indiscreet shadow companies that held Shin Corp shares allowing Temasek 100 per cent control of Shin Corp - which is contrary to Thai business regulations concerning foreign ownership.
Temasek should have known better in such underhanded dealings, when it comes from a country that is reputed for its high standard of law and order, and being part of a structure of a government that boasts no tolerance for such non-complaince with the Law.
How and who will explain the losses - and further losses - of Billions of Singapore Dollars to the Singapore Citizens ?
It is coming to a full year, since the Shin Corp debacle burst out in January 2006, and yet Singapore politicians and press have largely remained silent.
Are we silently praying for the best to a amicable outcome that still drain more millions - if not billions ?
Or is this silence the calm before the storm ?
[/b]
until then..... will they close down shincorp and fire the thoudsands of thais working for shincorp and suffer their families and those who relied on shin corp buissness to feed their household?
the current thai govt arent elected into office... their biggest fear is the populace, especially those who still support thaksin, and are most worried about further raising the people's ire... -
Originally posted by Atobe:
I wonder, if they are not good at making sound investments, and not good in governing people, what the hell are they good at???
Singapore has already paid S$3 Billion into the personal pockets of Thaksin, and got possession of a useless and worthless peanut shell of a "Shin Corp" - which sound more appropriately as [b]"Shin Corpse".
If Temasek do not pay this S$4 Billion as penalty for breach of contracts by its newly acquired Shin Corpse subsidiary iTV, it might as well see to the dissolution of Shin Corpse, and kiss the S$3 Billion good bye.
To pay another S$4 Billion in penalty, will mean that Temasek has paid out S$7 Billion for a peanut shell.
This is probably not the end of the saga, as the Thais will definitely squeeze Temasek further for the indiscreet shadow companies that held Shin Corp shares allowing Temasek 100 per cent control of Shin Corp - which is contrary to Thai business regulations concerning foreign ownership.
Temasek should have known better in such underhanded dealings, when it comes from a country that is reputed for its high standard of law and order, and being part of a structure of a government that boasts no tolerance for such non-complaince with the Law.
How and who will explain the losses - and further losses - of Billions of Singapore Dollars to the Singapore Citizens ?
It is coming to a full year, since the Shin Corp debacle burst out in January 2006, and yet Singapore politicians and press have largely remained silent.
Are we silently praying for the best to a amicable outcome that still drain more millions - if not billions ?
Or is this silence the calm before the storm ?
[/b] -
They are human beings doing the best they can under the circumstances, if only they admit they are just like everybody else, human beings.
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The problem with an autocratic government is that the lower level tends to feed wrong, but favourable information to those higher in the hierarchy. Without constructive criticism, thinking oneself is already perfect, will never encourage self improvement. You can see that from Saddam's Iraq, after losing the war in the previous gulf war, he can claim victory. And also the communist government of Russia and China in the 19th and 20th century.
A person who cannot take criticism cannot improve, since he is already perfect. -
True, very true....this is why they never allow anyone to question their policies, rules, and or decisions.Originally posted by maurizio13:The problem with an autocratic government is that the lower level tends to feed wrong, but favourable information to those higher in the hierarchy. Without constructive criticism, thinking oneself is already perfect, will never encourage self improvement. You can see that from Saddam's Iraq, after losing the war in the previous gulf war, he can claim victory. And also the communist government of Russia and China in the 19th and 20th century.
A person who cannot take criticism cannot improve, since he is already perfect.
Their way of governance is ONE way only - their way or NO way....
We'll see how long this can go on.... -
Fully agree. And this is the beginning of the collapse. Well proven in China history.Originally posted by maurizio13:A person who cannot take criticism cannot improve, since he is already perfect.