Well, pretty much of what Atobe has mentioned about SG engineers
lacking in fundamental know hows of the new automobile industry is
true.
However, we would still have to start from scratch somewhere
right?
After all, Jurong Island would be here today if somebody didn't
didn't learnt from the beginning when the petroluem refining
industry was being brought in during the early days.
The earlier phase of any technology transfer would always seemed to
benefit the foreign firms on surface in the beginning. At the end
of the day however, you can safely bet on it that chances are,
we'll still have the last laugh ultimately.
After all, having seen so much ripples changes in the domestic
business environment, who would believe that the ultimate finale of
'local cannibalization' as seen in the opening up of the
telecommunication industry and more recently, airlines, would not
occur again?
Always trust the guys in Temasak Holdings to have their typical
ingenious interception plans ready.