Singapore has bent so far back to placate the Indians with CECA

Singapore has bent so far back to placate the Indians with CECA, what’s a peanut contribution to the NIIF if it facilitates Temasek to invest more and pour more capital into the sub-continent.

There is a saying “India has little roads and rails and trains. It has a lot of laws. It has a lot of corruption.” We should wish our Indian friends well with their infrastructure development. But we are unlikely to see returns on this investment for many many long years to come. That’s my opinion.

 

Philip Ang

 

 

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12 Responses to “Singapore has bent so far back to placate the Indians with CECA”

  • Remove Liew Mun Leong:

    Straits Times: ‘I forgive my employer’: Ex-maid acquitted of stealing from CAG chairman hid ordeal from family

    ————-

    The skeletons are out of Liew Mun Leong’s closet. Disgraceful.

    Not surprised. Liew Mun Leong is an egomaniac.

    After this Liew Mun Leong should be removed from all post held in a GLC. If he cannot keep his household in order he has no business holding a board post in a GLC.

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  • ROI:

    Not easy to get any decent ROI investing there…
    Look at Singtel past investment there…
    Better to invest in our local companies and build talent here.

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  • Indian Govt Is Cunning:

    Don’t believe just ask the UK and US Investors.

    We will lose more than we can gain. PAP leaders please wake up. Its public money that you are playing with.

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  • Harder Truths:

    There is an old saying. If you owe the bank $1000 you are in trouble. If you owe the bank $10 000 000 000 the bank is in trouble.

    Guess what? The $G banks are so far in debt in India they are pumping in more money to save themselves.

    If $G bankers and politicians think they can out-maneuver a country of 1 billion crooks, then they are now learning their lesson the hard way. And so will the $G citizen who is funding that investment.

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  • oxygen:

    @ Indian Govt is Cunning

    YES, so is Canadian and Australian investors too.

    Indian Govt Is Cunning: Don’t believe just ask the UK and US Investors.

    Read this weblink.

    Investing
    Mar 13, 2019

    How Niko Resources fell from TSX high-flier to delisting

    https://www.bnnbloomberg.ca/how-niko-resources-fell-from-tsx-high-flier-to-delisting-1.1228241

    Niko Resources told its shareholders this

    Niko Resources: August 2015

    Niko announces that it has failed to make interest payments to noteholders. The company blames a new natural gas policy in India for prices rising less than it expected.

    AFTER OFFSHORE GAS WAS DISCOVERED AND INVESTED HEAVILY INTO PRODUCTION, India forced Niko Resources to sell gas to Indian consumers for the price of a song.

    How to survive like this?

    I invested in an Australian diamond explorer in India. It went bankrupt too very quickly and its shares got delisted from the ASX.

    The lessons I learnt is that India’s sovereign risks is as bad or even worst than as Russia or the Democratic Republic of Congo or Tanzania.

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  • xoxo:

    so easy to shine if got unfair competition.
    Liew has been over-rated!
    Chinese says *pian chiak*.

    Professor of Practice,Business school?
    Maybe,PROF OF MALpracti$e?

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  • DeBegerac:

    The appeal judge highlighted the excellent work of the defence lawyer. I think we should honour this judge. Looking at the facts and ruling without fear or favour. Not intimidated by the status of the plaintiff. In fact his opinion of them is very damning. Will they be investigated and action taken? Don’t count on it. This is how the system oppresses the downtrodden. This is pure evil. The maid is fortunate she had a charitable lawyer and and an intelligent and clear minded judge. Stop exalting all these high and mighty people like LML. Without transparency we do not know what their achievements are built on.

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  • Homeless Cat:

    Remove Liew Mun Leong:
    Straits Times: ‘I forgive my employer’: Ex-maid acquitted of stealing from CAG chairman hid ordeal from family

    ————-

    The skeletons are out of Liew Mun Leong’s closet. Disgraceful.

    Not surprised. Liew Mun Leong is an egomaniac.

    After this Liew Mun Leong should be removed from all post held in a GLC. If he cannot keep his household in order he has no business holding a board post in a GLC.

    And the best part of the joke? His people in CAG and SATS share many of his character traits. Quick to find a scapegoat, so as to look good. Pathetic and petty, all of them.

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  • PAP CLOSE DOWN:

    CECA is an arrangement that India benefits the most. Becoss as an overseas Indian told me India is a poor country. So how high is their spending power?

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  • Kettle And Pots Are Both Black:

    With this, it reminds me of my kindergarten or rather my nursery rhymes. One of it that comes to mind is the Ten Indian Boys.

    Although the Indian in the above nursery rhymes is referring to the American Indian (aka Red Indian) but it somehow just makes me feels that if you go to the Changi Business Park or famously or infamously also dub as Chennai Business Park during Lunch Time in weekday, where you can do this nursery rhymes and of course it will not end at ten but many many many many tens. Probably one will not be able to get the figures at all no matter how one stands there to count.

    PAP MP Ang Wei Neng on visit to Changi Business Park: ‘I felt like a foreigner in my own country.

    https://mothership.sg/2020/08/ang-wei-neng-west-coast-changi/

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  • Soccerbetting2:

    Stated or Incorporated at picture above :Quote -”Temasek pumped US$400,000,000 into India’s National Investment and Infrastructure fund”Unquote

    Response : US$400,000,000 pumped into India ???? Now corona virus ,so unlikely to recover
    the capital back and make huge losses .
    And if part of those US $400,000,000 comes from our reserves,who will answer ? Is it Halimah Yacob,Indranee Rajah,Tharman,K Shanmugam,Josephine Teo LM, Janil Puthicheary ,….going to answer for any losses ? Or again no need to answer ?

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  • Stop the Free Flow:

    Oppositon should push for accountability and transparency on SG investments in India because citizens have the right to know how the govt is doing overseas with the country’s resources. Also push for PAP to end CECA or at least put a quota on Work Passes issued to the country, and not to renew exisitng Work Passes.

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