>Singapore's senior minister,
Lee Kuan Yew conceded that the project had not turned out as planned and had made him more cautious about investments in China, claiming that difficulties arose in signing agreements with the central government, but were then implemented by local officials who "have their own imperatives".
[5] Lee said that Chinese officials were "using us to get investors in, and when investors came in, they said: 'You come to my park, it's cheaper'".
[5]
>In 2001, one year after Singapore lowered its stake, the park made its first profit of $3.8 million.
-From
here
So this means give more profit to local gahmen and kowtow to them mean make some money lah.
Even Sheet times doesn't talk about this.
I suspect this is another attempt by next generation ivory tower PAPaya scholars to "expand their cooperation" with Tiong snake gahmen.
Chiu expect Tiongs to be fair when the past experience mean they show their snake side?
You decide.
Oh yeah, a few more things:
>design and develop features including a 27-hectare Green Belt, an 18km park connector network linking green spaces around the city, and pocket parks at street corners in its central area.
>They will also expand efforts in developing smart technologies and low-carbon living in the city.
Except #2, there's no way to
suck blood seek rent from Businesses. This means industries will not come in (Remember few months back where china didn't import enough coal from Oz? They finally relented, imported more coal and restarted Coal plants?) Chiu expect this to be any different?
Problem will be for:
The majority shareholder is
Temasek Holdings Pte Ltd which holds 20.46% of Keppel Corporporation.
This is what happens when you write a blank cheque for PAPayas. Song bo 61%?