Originally posted by weiqimun:not meaning to x-sword with u, but making some `questionable' investments and selling national assets tt is considered premium/sensitive doesn't make great sense to me at all.
Investment - Temasek and GIC are known to be mid to long term investor, hence there is no point talking about short term return
National Asset - Singapore government has already put Singapore power stations at risk because they are all relying on natural gas from Indonesia. As we know the China is the biggest energy consumer/buyer in the world, therefore I believe there will be some strategic benefit for Singapore to have a China state owned company to run one of our power station
Originally posted by TCH05:
Investment - Temasek and GIC are known to be mid to long term investor, hence there is no point talking about short term return
National Asset - Singapore government has already put Singapore power stations at risk because they are all relying on natural gas from Indonesia. As we know the China is the biggest energy consumer/buyer in the world, therefore I believe there will be some strategic benefit for Singapore to have a China state owned company to run one of our power station
have i made any reference to short or long term?
sinkapore wants to be a mini me?
Originally posted by weiqimun:
have i made any reference to short or long term?sinkapore wants to be a mini me?
Many forumers have been very critical about GIC and Temasek investment in UBS Citi ML, but none are willing to bet that GIC and Temasek will not make money in the 3 to 5 years.
Strategic advantages? Sir, pherhaps I am ignorant with regards to the subject matter, but please what strategic advantages are there in selling off our national assets to a foreign firm? Because right now, based upon the little economics knowledge I possess, I think if our national assets are sold to a foreign firm, it will mean that we will be looking ahead at increased utility bills, as I'm certain that will want to maximize profits. Furthermore, placing our national assets in the hands of foreigners, doesn't that correspond to an issue of national security? What if the world faces an energy crisis, are we willing to place our demand for basic neccessities on the ebb and flow of world markets? or for that matter under the dictation of a foreign interests?
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The separate electrical generating and supply companies are all owned by Temasek - even as much as some form of privatisatised effort was being put up to create a facade of ''competition'' and differentiation in services.
In the 1970s, there were genuine interests from Singapore based privately own companies with joint-ventures from foreign companies offering to takeover the power generating and supply business, and modernised the plants.
Yet this same Political Leadership declined those offers - claiming strategic interests at stake.
Has the strategic interests changed since the passing of 30 odd years ?
Temasek was formed to compete and generate profits from overseas investment, and yet it was allowed to milk the pockets of Singaporeans for over thirty years - generating annual profits by servicing Singaporean basic needs, and the profits being lost in its secretly kept financial books.
Will sellling off the power plant to a China owned company benefit Singapore at the price announced ?
Surely, the new Owner will have to find a new price equilibrium to recover its high priced investment PLUS the burdensome costs of new upgrades to an old facility ?
As usual, it will be the consumer that will ultimately pay the price.
Temasek, GIC always do things quietly. They are investing our money and our children's money. We warrant the rights to know each and every investment action taken. At least for this deal, we want their explanation. Why privatize our utility sector? I knew they lost big time few years back in the U.S. market from a source but these were not reported. They are also known to deal with the crooks tycoons in neighbouring countries. You know how these people work, they will offer you sometime back in private.