No venture no gain, that is quite true.
In this case, it is not a venture but a blunder as the whole
investment was not properly evaluated at least to the extent of
ensuring that the same political risks as found in an earlier
similar foray i.e. PCCW, Optus etc would be worth it and there are
no political consequences like boycotting of Singapore or
corruptions involving family members syphoning out company assets
incurring unpaid taxes.
The professionals involved might have a conflict of interest as
they would most likely be prompted to close deals to secure their
own commissions too.
There seems to be a rash investment decision in this case without
exercise of acumen from a more holistic perspective. So citizens
only want government or Temasek CEO and top management in view of
previous similar blunders to have gone through due process and not
be taken for a ride.
