Chitchat Robert Kuok's Book - Akan Datang

[KuanTi01]

Have to disagree with his observations on LKY. LKY was a smart crook & took advantage of his position to become probably the richest dictator in the world.

Under LKY all the money went to the leaders & not the minions.

The system he set up in Spore allowed his family to continue controlling Spore and today we continue to pay the price.

I agree although he is more of a ruthless manipulator and opportunist rather than a smart crook.

 

[hofmann]

A bigger mistake was made by the son in believing in Pinoys and Indian FT's-name me a singular contribution of note made by a Pinoy FT or Indian FT to this place-?

DBS ceo, Indian FT did lead DBS to it's current strength.

No clue about noteworthy Pinoy FTs.

 

[SirRichard]

2nd wife is good looking and Robert's two daughter and son thankfully takes after her good looks and both are very classy. Google Kuok HuiKwong and Yenn Kuok..

 

[hofmann]

Sim Wong Hoo and Tan Min Liang have made it despite the GLCs. Im sure there are others.

GLCs picked up all the low lying fruits, so yes in a sense it made things more difficult. Genuine opportunities were more difficult to come by.

But "stifled" might be a bit too strong in my humble opinion.

Yes Lky actually stifled entrepreneurship with all the GLCs.....Sg’s System is a fucked up one

 

[borom]

DBS ceo, Indian FT did lead DBS to it's current strength.

No clue about noteworthy Pinoy FTs.

".... DBS dropped four places in the global 500 rankings, and got pushed out of top 50 banking brands globally. Last year the
brand came in at the 48th position. However this year it has dropped to 52nd...........
The brand value of DBS grew by 2% but fell short against OCBC which had brand value growth of 11% and UOB with brand
value growth of 31%. OCBC last year stood at 67th position but improved to take on position number 65. Whereas UOB was at
the 79th position last year and climbed up to the 66th spot this year.
According to Samir Dixit, managing director of Brand Finance Asia Pacific, this was because DBS was “getting stagnated” and
needs to get out of its “I am a big brand” comfort zone "
http://www.marketing-interactive.com/dbs-drops-out-of-top-50-global-bank-brand-rankings/

just wait and see the consequence of DBS expansion into India.
there is no evidence that DBS cannot do better with locals leading it and UOB/OCBC has shown faster growth without govt support and the injection of cheap funds via POSB,

 

[Narong Wongwan]

Sim Wong Hoo and Tan Min Liang have made it despite the GLCs. Im sure there are others.

GLCs picked up all the low lying fruits, so yes in a sense it made things more difficult. Genuine opportunities were more difficult to come by.

But "stifled" might be a bit too strong in my humble opinion.

It’s by no means an exaggeration.
I believe no other country is as pervasive when it comes to the state doing private business. Not even China maybe North Korea can rival Sg.
Any industry you name it and pap got its hands on it.

 

[rotiprata]

.
Robert ask me to ask Tan Sri Tan Koon Swan

RK probably consider TKS a trusted friend and not a crook.

The real evil crooks are his foes who had fixed up TKS... one of them is still standing today...the other oredi up lorry

 

[yellowarse]

But "stifled" might be a bit too strong in my humble opinion.

'Stifled' is not too strong a strong a word. I've used stronger words. Many renowned economists have over the years commented on the stunted SME sector in Singapore compared with the other emerging economies in the region.

Of the four Asian dragons – Singapore, HK, Taiwan & S. Korea – Singapore has the lowest proportion of SMEs (one good indicator of entrepreneurship), only about 30% of the economy, compared with at least 60% to 70% in the other three economies.

This despite the well-known entrepreneurial DNA of the S.E. Asian Chinese diaspora. And the blame falls squarely on the PAP's policy of brining in MNCs to jumpstart the economy in the formative years, and later with mass privatization the formation of GLCs and gradual encroachment of government-linked entities into all sectors of the economy. When NTUC went into the pawn shop, renovation and casket businesses, you know the government had lost the plot.

Sim Wong Hoo and Tan Min Liang succeeded in spite – not because – of the system. God knows how many SWHs and TMLs we'd have had if we'd not followed the state developmental model.

 

[CoffeeAhSoh]

u forgot billionaire Ron Sim Chye Hock who started life selling noodles who went on to have ex dbs ceo Jackson Tai working for him

 

[johnny333]

. And the blame falls squarely on the PAP's policy of brining in MNCs to jumpstart the economy in the formative years, and later with mass privatization the formation of GLCs and gradual encroachment of government-linked entities into all sectors of the economy. When NTUC went into the pawn shop, renovation and casket businesses, you know the government had lost the plot.

Sim Wong Hoo and Tan Min Liang succeeded in spite – not because – of the system. God knows how many SWHs and TMLs we'd have had if we'd not followed the state developmental model.

The real tragedy is that these GLCs are being led by clowns like Ho Ching.
Investing is a serious business & not something everyone can do.

 

[yellowarse]

The real tragedy is that these GLCs are being led by clowns like Ho Ching.
Investing is a serious business & not something everyone can do.

For all their neo-liberal policies in the years since Reaganomics and the resultant lack of social programs and safety nets (singular among all Western developed nations), the Americans instinctively understand that the purpose of government is in running the country and regulating the economy, not in running businesses. Business is best left to entrepreuners and businessmen.

And that's why – high income inequality notwithstanding – the American economy is still strongly driven by innovation and private enterprise. And we wonder why we have such a dearth of creative and entrepreneurial talent.

 

[Merl Haggard]

image: https://i.malaysiakini.com/1186/c81876a7d50973efa692687b90a5b094.jpeg

For comparison, he said Singapore had its fair share of “Chinese crooks” but they are all hidden or dormant now, thanks to its late former prime minister Lee Kuan Yew.

"The crooks were held on steel leashes by two hands: Lee Kuan Yew's left hand and Lee Kuan Yew's right hand.

"With the unsavoury elements under control, look what Singapore has been able to accomplish by harnessing the energies of the overseas Chinese," Kuok said.

I have to disagree with Mr Kuok that LKY was able to keep these Chinese crooks under control.

90% of the Chinese companies; the so called S-Chips or 'S-Cheats' which were approved for listing in the SGX went bust and thousands of local retail investors ended up holding tens of billions of Dollars of worthless shares.

Incidentally Fu Hsieh Wah (Whore Jinx's man) was the CEO of SGX when there was a huge influx of 'S-Cheats' which got listed in S'pore.

Even a very prudent company like UOBKayHian could also get taken for a ride by China Hongxin's Chairman and they lost about $60m.

 

[scroobal]

The 2 cousins took the whole country for a one long ride. Both Fu and Pillay allowed it to go on. The Press did nothing. MAS kept quiet and MOF played dumb. SIAS pretended they were busy. Absolutely disgraceful.

I have to disagree with Mr Kuok that LKY was sble to keep these Chinese crooks under control.

90% of the Chinese companies; the so called S-Chips or 'S-Cheats' which were approved for listing in the SGX went bust and thousands of local retail investors ended up holding tens of billions of Dollars of worthless shares.

Incidentally Fu Hsieh Wah (Whore Jinx's man) was the CEO of SGX when there was a huge influx of 'S-Cheats' which got listed in S'pore.

Even a very prudent company like UOBKayHian could also get taken for a ride by China Hongxin's Chairman and they lost about $60m.

 

[Merl Haggard]

Robert raised s$50m to bail out MCA president Tan Koon Swan. why ?

When Tan Koon Swan got into trouble with Pan El in S'pore, he was the President of MCA and so PM Mahathir must have asked Robert Kuok to help him.

 

[Merl Haggard]

The 2 cousins took the whole country for a one long ride. Both Fu and Pillay allowed it to go on. The Press did nothing. MAS kept quiet and MOF played dumb. SIAS pretended they were busy. Absolutely disgraceful.

The Low cousins made about $500m to $600m from their 'S-Cheats' venture and God is great that they lost all their ill-gotten wealth to casinos all over the world.

 

[scroobal]

Not sure how true it is but was told that Wee was asked to show them the door and the same happened with Fu. Now Fu is Chairman of UOB.

The Low cousins made about $500m to $600m from their 'S-Cheats' venture and God is great that they lost all their ill-gotten wealth to casinos all over the world.

 

[Merl Haggard]

Not sure how true it is but was told that Wee was asked to show them the door and the same happened with Fu. Now Fu is Chairman of UOB.

The Low cousins introduced Chairman of China Hongxin to Ee Chao and after he got conned, they were asked to leave UOBKH.

 

[GoldenDragon]

u forgot billionaire Ron Sim Chye Hock who started life selling noodles who went on to have ex dbs ceo Jackson Tai working for him

Am only aware he worked as a salesman selling massage equipment at People’s Park.

 

[CoffeeAhSoh]

wiki profile maybe was refering even before he started out at peoples park.

rich are like that. will paint themselves damed jialat jialat before they made it big time

 

[CoffeeAhSoh]

When Tan Koon Swan got into trouble with Pan El in S'pore, he was the President of MCA and so PM Mahathir must have asked Robert Kuok to help him.

.

yup ...thats it... but still have to go changi hotel for about 1 year where he became a Christian