On Mar 18, 6:19=A0pm, puttuma...@[EMAIL PROTECTED]
wrote:
>
> Now our talents look for fools for what they have paid for UBS and
> Merrill Lynch shares. A deal like that for BS is never made available
> to foreigners. Don't know why they are so eager to get in, before the
> dust settles.
On the surface, Singa****e is in deed a bloodly fool to
dump billions of our reserve in Merrill Lynch, an
investment bank in trouble...on the verge of bankruptcy.
Prof Ilian Mihov, of the graduate business school Insead,
said, Quote:
" It is "a very deliberate policy initiative" to buy the assets
of financial firms to help it acquire expertise in its drive
to become a global financial centre. "
In short, Singa****e used the money to buy know-how,
expertise in investment banking, a knowledge-based
industry.
It is not only an investment in Merrill Lynch and UBS,
but an investment in Singa****e future.. towards becoming
a global financial centre.
Is it a wise move?...only time can tell.
http://www.bt.com.bn/en/international_business/2007/12/31/s****e_investment_a=
rms_circle_the_globe
Singa****e is one of the top ten players in real
estate around the world.
Therefore, it is in Singa****e interests to be seen
helping the USA to stablise its ailing property
market....
It may not help much, but it definitely generated a
lot of 'good will' and created a good press for
Singa****e in the USA and in Europe.
|
