Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Agree?

[sgnewsalte]

It takes more than a change in organisation entity to make the business. Extracting economic value from "corporatising" state monopolies is just creating inflatable bubbles to shore up the country's GDP and provide cushy and well-paid positions for princelings, ex-SAF paper generals and political cronies.


http://www.moodiereport.com/document.php?c_id=1113&doc_id=19658
Changi Airport takes first steps towards privatisation – 28/01/09

Source: ©The Moodie Report
By Melody Ng


SINGAPORE. The government has set in motion plans to corporatise Changi Airport through a new joint-stock company, and to create a new, separate organisation to replace the Civil Aviation Authority of Singapore (CAAS). It is potentially the first step towards privatising the airport. The new companies will begin operating from 1 July.

The move is aimed at making Changi more competitive among international hub airports.

The new Civil Aviation Authority will be led by Lee Hsien Yang as Chairman and BG (NS) Yap Ong Heng as Director-General. Lee, the son of Ministor Mentor Lee Kuan Yew, is currently the Director and Chairman of Fraser and Neave Limited, while Yap is the Deputy Secretary in the Ministry of Law.

The new Changi Airport company will be led by CapitaLand Group President and CEO Liew Mun Leong as Chairman and CAAS Deputy Director-General (Operations) Lee Seow Hiang as CEO.


In a statement, the Ministry of Transport said: “Corporatisation will strengthen Changi’s position as a premier air hub by enabling it to be more nimble to compete in today’s rapidly changing aviation landscape. We also want to give Changi greater flexibility to attract and retain top talent to compete with global airport operators.”

Minister for Transport and Second Minister for Foreign Affairs Raymond Lim added: “I would like to assure Singaporeans and users of Changi Airport that Changi will continue to offer the same reliable, friendly and efficient services that they are accustomed to. I am confident that after the corporatisation process, Changi will emerge even stronger and be able to soar higher.”

He continued: “The future for employees in both entities will be bright and exciting. Corporatisation will enhance the career options of CAAS staff.”

 

[halsey02]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

I love Rayman......he talks like a true puppet!!

 

[commoner]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

Corporatised or whatever, put one of Lee's kids on the helm, then pass here pass there, and finally the CB Hole Jinx has make a deal to sell off the airport?

 

[congo9]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

I just don know why CAAS must go copratise, Is it a liscence for them to collect more revenue ? Or they can prarchute more BGs into the rank to enjoy high salary ?

 

[po2wq]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

caas 2 fat? ...

 

[myfoot123]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

Ho Jinx guarding Singaporean reserve, Lee Hsien Yang guarding Singapore Airport. What a perfect match prepared for the LEEs to run road loaded with peasants monies.

 

[iamelite]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

Sinkies are stupid. PERIOD.
Always complain this and complain that.
But when it's time to complain.. no one dares to...

Look at this.. Is it a co-incidence that high calibre personnel are tasked with multiple CEO roles in different companies? Is this good corporate governance? I am sicked and tired of this and I will give my vote to the opposition, no matter how lousy the opposition is.

Sorry, opposition, you must realised you are lousy and there's a giantic football field of improvement for you. I vote you to spite PAP, not because you are good.

Do I care if Singapore is f*cked* because of this? Not a bit. Either way, I get screwed. Maybe I should be allowed to be screwed happily. Though I am certain I would not get screwed 'coz I can leave this country anytime i want to.

 

[VIBGYOR]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

Dang!

Money suffling between GICs and Temasek continues...

 

[myfoot123]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

LKY trusted no one, so he put all his childrens, grandchildren, relatives, in-laws in high position in Singapore key installations. Should there be freak result in election, he wanted to drag us down.

Be brave, be prepared, when such day comes only unity can keep us afloat and we will make them pay for it.

 

[The_Latest_H]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

This is terrible. After all, in other countries, the government has to run the airport- in order to ensure that people won't be priced out of flying, and travelling. Corporatisation is just a bad idea because there are a few things that private companies won't do if its unprofitable- and one of these are airports.

And if they run it, they have to increase prices to ensure a profit, especially if its a monopoly of two companies. And this is bad for all singaporeans. It will especially hit hard on travel companies which depend on cheap air fares for their businesses. And if travel companies retrench, it would just make the economy worse, and increase unemployment.

Besides, it also contradicts what MM Lee said during the Budget debate: the government wants to save jobs. But this corporatisation means that jobs will be cut because of it. It always happens.

 

[VIBGYOR]

Re: Raymond Lim: Changi Airport's Future Looks Bright With Corporatisation. Do You Ag

L
Be brave, be prepared, when such day comes only unity can keep us afloat and we will make them pay for it.

easy lah, just remove all Lee-relations from all positions!