Last week, Las Vegas Sands was in the news regarding the building of the Marina Bay IR. It seems that Las Vegas Sands' auditor in the U.S openly doubts their ability to continue building the casino, sorry resort, in Singapore.
the world is in the midst of a global recession, I'm not surprised at
this. What surprise me are the assumptions that the Singapore
Government will step in to save the project if Las Vegas Sands cannot
finish the project. Las Vegas Sands hinted as much in their press
conference and as there has been no objection from the Singapore
government yet, I think we can safely assume that this will be the case.
off, I have to ask why the Singapore Government is even considering
bailing out the project. The Marina Bay area is one of 2 IR projects
ongoing. We have another project on Sentosa and that is going well. Why
should the Singapore Government saved the project when there is another
project just like it still ongoing?
Second, Las Vegas Sands is
an American company. If the Singapore Government wants to start bailing
out companies and their projects, they should start by bailing out
Singapore companies first! Already, there is 1 Singapore company who
has been affected by the global credit crunch, but I never heard of the
Singapore Government coming in to save it. Why should the Singapore
Government use Singapore taxpayer's money to save a project by an
Third, if I am not mistaken, the Singapore
Government has a stake in the IR as well. Now most Singaporeans will
say that this is the reason why the Singapore Government will step in
to save the project, I say this is the reason why the Singapore
Government should NOT save the project. As a stakeholder in the
project, it will not be right for the Singapore Government to save its
own project. It will be the left hand giving money to the right hand,
and this will hurt Singapore's reputation.
For these reasons, I feel that this is why the Singapore Government should NOT saved the project.
LIE KY LHL gives billions to AngMohs they suck AngMo Tua Ki but not to SG local companies
Monday, November 10, 2008
RH: MY ACQUAINTANCE, MR DAVID DUCLOS, A FORMER POLICE INSPECTOR, AND HIS LAWYER FRIEND, EYEWITNESSED LEE KUAN YEW RIGGING THE 1997 CHENG SAN GRC ELECTION. READ MORE AT MY BLOG ENTITLED "I CAME, I SAW, I SOLVED IT" :
[ALSO AT THE ABOVE BLOG, LIE KUAN YEW's LIES, CORRUPTION, WRONGFUL JAILING, TORTURE AND BEATING TO DEATH OF INNOCENT POLITICAL PRISONERS LIKE MR CHAN HOCK HUA]
READ ALSO MARTYN SEE's INTERVIEW WITH ME AT:
FOR QUICK, IRREVERENT REASONS WHY LIE KY DESERVES A NOBEL:
MY ARCHIVE OF WORKS AT: