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Coffeeshop Chit Chat - MM: I'm optimistic of SG's future !</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>kojakbt89 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Feb-19 2:59 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 13) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>28850.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>MM Lee: Singapore’s future over the next five to ten years is an “optimistic” one
February 19, 2010 by Our Correspondent
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http://www.temasekreview.com/2010/02/19/mm-lee-singapore%e2%80%99s-future-over-the-next-five-to-10-years-is-an-optimistic-one/
Written by Our Correspondent
Singapore’s self-appointed “forecaster extraordinarie” Lee Kuan Yew who costs Singapore taxpayers about $3 million dollars a year, has made another bold prediction:
“Singapore’s future over the next five to 10 years is an “optimistic” one, and and the tourism sector will reflect that,” he said during a dinner at Tanjong Pagar yesterday.
At 86 years of age, Lee appears to be still calling the shots in the Singapore government though by his own admission, he is not doing much work except “forecasting”.
Unfortunately, quite a few of his “forecasts” have been quite embarrassingly off target.
In 2007, Lee proclaimed rather unshamedly that Singapore will be entering a “golden period” in the next few decades. Less than a year later, Singapore becomes the first Asian country to enter into a recession and is still not quite out of the woods yet.
Lee’s present “optimism” is based on the earnings of the recently opened Resorts World Sentosa in the first two days:
“….”the boss counted S$3.5 million on the first day and S$3.7 million on the second day.”
He also took a snipe at the punters:
“They want to gamble. I don’t understand why they want to lose. You surely will not win.”
Perhaps Lee should take a look at his own “track record” at GIC before laughing at others.
It is expected to lose more than $10 billion dollars when its stake in Swiss bank UBS is converted to shares on 5 March 2010.
While the punters gamble using their own money, Lee “invests” with public monies accured from years of budget surpluses.
Till today, nobody knows the exact amount of money lost by GIC or the Singapore government in its failed overseas investments like the Suzhou Industrial Park.
After all, revealing the truth of the matter will not serve any “strategic purposes” as the entire system in Singapore is based solely on “trust”.
Since the “forecaster extraordinarie” has spoken, Singaporeans should rest assured that their futures will be “optimistic” for the next five to ten years and forget about the earlier broken promises such as “more good years”, “Swiss standard of living” and of course – the “GOLDEN PERIOD”.
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February 19, 2010 by Our Correspondent
Filed under Headlines
Leave a comment
http://www.temasekreview.com/2010/02/19/mm-lee-singapore%e2%80%99s-future-over-the-next-five-to-10-years-is-an-optimistic-one/
Written by Our Correspondent
Singapore’s self-appointed “forecaster extraordinarie” Lee Kuan Yew who costs Singapore taxpayers about $3 million dollars a year, has made another bold prediction:
“Singapore’s future over the next five to 10 years is an “optimistic” one, and and the tourism sector will reflect that,” he said during a dinner at Tanjong Pagar yesterday.
At 86 years of age, Lee appears to be still calling the shots in the Singapore government though by his own admission, he is not doing much work except “forecasting”.
Unfortunately, quite a few of his “forecasts” have been quite embarrassingly off target.
In 2007, Lee proclaimed rather unshamedly that Singapore will be entering a “golden period” in the next few decades. Less than a year later, Singapore becomes the first Asian country to enter into a recession and is still not quite out of the woods yet.
Lee’s present “optimism” is based on the earnings of the recently opened Resorts World Sentosa in the first two days:
“….”the boss counted S$3.5 million on the first day and S$3.7 million on the second day.”
He also took a snipe at the punters:
“They want to gamble. I don’t understand why they want to lose. You surely will not win.”
Perhaps Lee should take a look at his own “track record” at GIC before laughing at others.
It is expected to lose more than $10 billion dollars when its stake in Swiss bank UBS is converted to shares on 5 March 2010.
While the punters gamble using their own money, Lee “invests” with public monies accured from years of budget surpluses.
Till today, nobody knows the exact amount of money lost by GIC or the Singapore government in its failed overseas investments like the Suzhou Industrial Park.
After all, revealing the truth of the matter will not serve any “strategic purposes” as the entire system in Singapore is based solely on “trust”.
Since the “forecaster extraordinarie” has spoken, Singaporeans should rest assured that their futures will be “optimistic” for the next five to ten years and forget about the earlier broken promises such as “more good years”, “Swiss standard of living” and of course – the “GOLDEN PERIOD”.
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