What I hate about the current Singapore

[concern2]

limlim:

WHY need to sell the power station??


Is the govt so poor that they had to sell critical infrastructures? Rather sell power station then to dig into reserves?

How to do that? (see bold above)

[limlim]

http://aussgworldpolitics.wordpress.com/2008/12/15/the-sale-of-temaseks-power-plants-does-matter/

[quote]This came after the hurried disposals of Tuas Power in March for $4.235 billion to China’s Huaneng Group; and Senoko Power in September to Japanese/ French consortium, Lion Power for about the same amount, $4 billion.[/quote]Tuas Power and Senoko Power not power station meh?





http://wildsingaporenews.blogspot.sg/2008/09/temasek-sells-senoko-power-for-365.html

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/373929/1/.html

[concern2]

limlim:

http://aussgworldpolitics.wordpress.com/2008/12/15/the-sale-of-temaseks-power-plants-does-matter/

[quote]This came after the hurried disposals of Tuas Power in March for $4.235 billion to China’s Huaneng Group; and Senoko Power in September to Japanese/ French consortium, Lion Power for about the same amount, $4 billion.

http://wildsingaporenews.blogspot.sg/2008/09/temasek-sells-senoko-power-for-365.html

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/373929/1/.html[/quote]Tuas Power and Senoko Power not power station meh?

Other than Temasek making money by selling our power plants, is this supposed to create competition and make utilities cheaper? Or is it going to be an oligopoly situation where consumers are still at the loosing end?

[limlim]

concern2:

Other than Temasek making money by selling our power plants, is this supposed to create competition and make utilities cheaper? Or is it going to be an oligopoly situation where consumers are still at the loosing end?

I am more concerned with security.. foreigner owning our power plants.. doesn't feel very safe to me..

[concern2]

limlim:

concern2:

Other than Temasek making money by selling our power plants, is this supposed to create competition and make utilities cheaper? Or is it going to be an oligopoly situation where consumers are still at the loosing end?

I am more concerned with security.. foreigner owning our power plants.. doesn't feel very safe to me..

That's true. But being privatized also means they are free to sell it off, isn't it? It's strange our garmen doesn't seem to worry about such things leh...why har?

[limlim]

That's why I asked.. If really in need of cash.. why not touch the reserve but instead sell critical assets... unless.. the reserve.................................................. :censored: ?

[WeiHan]

In term of economic trend, our gahmen actually don’t have a thinking of their own. If other countries are liberalising their telcos, then Singapore will also do so. If other countries are liberalising power companies, then they will follow suit.


If bankers are paying themselves obscenic, unjustifiable compensation, our gahmen don’t think that it is immoral and they will follow suit by pegging their pay to these bankers.

But if other countries are making progress in human rights, they start scatching their head and try to portray it as dirty words.

[Imami]

tuition_czar:

limlim:

That's why I asked.. If really in need of cash.. why not touch the reserve but instead sell critical assets... unless.. the reserve.................................................. :censored: ?

Yikes, shush.......not too loud.

:rotflmao: :rotflmao: somehow these days almost everyone serious (under my impression) has turned humorous!

[Strparent]

Imami:

tuition_czar:

[quote=\"limlim\"]That's why I asked.. If really in need of cash.. why not touch the reserve but instead sell critical assets... unless.. the reserve.................................................. :censored: ?

Yikes, shush.......not too loud.

:rotflmao: :rotflmao: somehow these days almost everyone serious (under my impression) has turned humorous![/quote]Imani, ummmm... actually hor.... that thought of possibility is NOT a funny matter.

Limlim, T-Czar, I dont think we will know in our lifetime. After 56 years, probably take another 28 years to re-calculate and update.... so unless Marty McFly and Doc Brown take us forward..... doubt we will ever know ( maybe I dont even wanna know :siam: )

[Imami]

Strparent, I know la. But the way tuition_czar replied really tickled me. To me, tuition_czar is the very serious, non-nonsense type.