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One trick wonder.
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Sim Wong Hoo...
- Thread starter rotiprata
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The PAP always backs the wrong horse. It has been backing CECAs for decades now and that's why SG is going to the dogs.
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I still remember the mp3 player wars. Apple iPod vs Creative Zen vs Microsoft Zune. They always had roadshows at tech fairs and the old Funan mall.
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There isn't any market that is available to SG. We are not invited to 1B1R, the Europe & Western allies are piled with debts.
Japan, Korea, Taiwan, Hongkong are our competitor & they are struggling themselves.
Now our PM tell us to embrace African market, identifying the continent as a crucial new frontier for economic expansion and longer-term opportunities.
But don't know why ... the immediate stereotype is - their ebola virus coming !
I thought the we joined the BRI in 2017 mainly as the "software" provider—focusing on financing, legal frameworks, and digital systems—rather than hosting "hardware" like railways and roads. Singapore does not need external loans or foreign workers to build its infrastructure. Its domestic ports, airports, and transport systems are already among the most advanced in the world, leaving no room or necessity for Chinese-funded physical megaprojects.
Instead an agreement to jointly build projects in other developing nations. Developing physical infrastructure across Asia, Africa, and Latin America involves massive financial, legal, and operational risks for China. Singapore fills these critical gaps by providing the "software" required to make those physical projects viable
Instead an agreement to jointly build projects in other developing nations. Developing physical infrastructure across Asia, Africa, and Latin America involves massive financial, legal, and operational risks for China. Singapore fills these critical gaps by providing the "software" required to make those physical projects viable
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PM Wong is trying to assure S'poreans that the African is free of any communicable disease: "Ee boh lah".
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A quick glace on their financial statement. It's a sinking ship or aka zombie company. The good thing about it is that the company has no long term debt on the balance sheet. Current Ratio, Debt To Equity, etc.. pretty good. The down side is that it's burning it's retained earnings every year. It is better to liquidate the company then continue running it. The longer it runs, very soon it will eventually exhaust all retained earnings and file for bankruptcy in perhaps <5 years. Not done a comprehensive valuation yet just quick 3 mins glance.
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Sad story they end up like Nokia
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In August 2017, a business platform called "BRIConnect" was launched in Singapore.
It was designed to help businesses connect and facilitate projects related to China's Belt and Road Initiative.
The name "BRIConnect" might be a source of confusion.
Singapore did not join BRIC & Singapore is not a member of the association.
The coffeeshop version is SG apply BRIC & was not approved
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