09 Apr '11, 3am

(TTR) Singapore Inc likely to cut up rough?

(TTR) Singapore Inc likely to cut up rough?

Yet we all know national interest goes both ways. ”A MISSED opportunity for both sides,” or so claimed the Singapore government’s quasi-official mouthpiece, The Straits Times , yesterday after the shock of Treasurer Wayne Swan’s knockback of Singapore Inc’s $8 billion takeover of Australian Securities Exchange filtered through this urgent little island. And, if The Straits Times is true to form, that’s about as generous as it will get on its coverage of Australia in coming weeks. Singapore Inc is not a good loser and so absolute is its control that Singapore’s grumpiness with Australia will become patently clear in coming weeks. After the many years of the Lee regime, Singaporeans know its elite never make mistakes. But this play by Singapore Inc to walk off with a crucial pillar of Australia’s financial architecture is precisely that: a hubristic reach too far with the go...

Full article: http://www.temasekreview.com/2011/04/09/singapore-inc-lik...

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