Why temasek is hated regionally and globally?

lighthand SG

The problem here is not the business part, but the fact that in very real sense we are controlling their strategic assts. They are just concern about having another country's gov in the controlling seat I guess.

Though I wish Temasek would be more open. I agree with LHL that if other country don't want Temasek, temasek won't go there.

strikefreedom SG

by concerning about their thinking is already mixing emotion and business together isn't it? and in business world you don't do that though it may look like hard hearted but it a something that is needed if we want to profit in that business.

lighthand SG

I think you are not really understanding what I mean. Look at it from the view point of their people, if lets say today Temasek took over the controlling interest of a big company that has up to 3000 people under its pay-roll. What will happen if (big if here hor) Temasek should break up the company, strip it of it's most valuable assets and sells it off. What do you think will happen to those 3000 people? Normal business will be a large-scale lay-off rite?

While I don't think Temasek is so bad, in a way I can understand how their people might feel. If some other country's gov was to take over control of my company, I too will feel threaten by it and start to wonder if retranchment is in the cards for me.

geodome SG

Do the governments of other countries form GLC?

I admit we will feel marginalised if local companies regarded as "national assets" are being taken over by foreign companies. However, such emotion does not equip us with ownership. We cannot exercise the right to reject such a bid, unless we own it. This holds true for citizens of other countries too.

However, no companies are legally national assets, even if they are listed on the public stock exchange. In the business world, it is the law of the jungle that dictates who takeover who.

Li Ka Shing SG

Forgive me, how do you ascertain that temasek is hated regionally and globally? Is this a valid fact at all? This assumption is very misleading.

strikefreedom SG

if they are going to spend so much money to buy over a big company just for the sake of stripping it and selling it at knock down price, then we can really start to worry about our goverment man.

will you as a businessman spend so much money to buy a well establish company and strip it down and sell it assets at knockdown price or will you ride on the company current position in that country and gain a much more bigger slice of the market?

even if singapore goverment is not that good, they are still not that stupid itself to make such a blunder out of it. shin corp is not the first company to be bought over by goverment own company, their aim behind all this investment is solely to gain profit.

if ever they do, then i really think it time for them to move on and have a new party to govern singapore then. they may not be very good, but defintely they are not stupid enough to make such a mistake.

charlize SG

Buying big companies overseas increases sg government's economic and political leverage over other countries.

Nothing more, nothing less. Laughing

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