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Thread: When failure is actually a blessing in disguise

  1. #1
    Senior Member
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    Default When failure is actually a blessing in disguise

    New bank rule may force DBS to end Danamon bid

    Phew!

    What a lucky escape, if the deal fails.

    It is not always a good idea to dump billions buying foreign businesses.

    Look what happened after Singtel bought Optus.

    If Sheldon Adelson had invested billions building a Sands casino in Indonesia, what would have happened?
    Wisely, he chose Singapore.

    In a fictional foreign country - after a business has invested billions in that country:
    the rules can change; new Presidents have different ideas; political pressure groups impose new rules to arm twist you.
    Last edited by ricohflex; 2nd June 2013 at 02:38 PM.

  2. #2

    Default Re: When failure is actually a blessing in disguise

    Da Bian Sai is a crap bank with crap management
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  3. #3
    Senior Member Sion's Avatar
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    Default Re: When failure is actually a blessing in disguise

    Quote Originally Posted by ricohflex View Post
    New bank rule may force DBS to end Danamon bid

    Phew!

    What a lucky escape, if the deal fails.

    It is not always a good idea to dump billions buying foreign businesses.

    Look what happened after Singtel bought Optus.

    If Sheldon Adelson had invested billions building a Sands casino in Indonesia, what would have happened?
    Wisely, he chose Singapore.

    In a fictional foreign country - after a business has invested billions in that country:
    the rules can change; new Presidents have different ideas; political pressure groups impose new rules to arm twist you.
    Give it another 35 years.

    History will have a clearer picture of the wisdom.

  4. #4

    Default Re: When failure is actually a blessing in disguise

    Quote Originally Posted by ricohflex View Post
    New bank rule may force DBS to end Danamon bid

    Phew!

    What a lucky escape, if the deal fails.

    It is not always a good idea to dump billions buying foreign businesses.

    Look what happened after Singtel bought Optus.

    If Sheldon Adelson had invested billions building a Sands casino in Indonesia, what would have happened?
    Wisely, he chose Singapore.

    In a fictional foreign country - after a business has invested billions in that country:
    the rules can change; new Presidents have different ideas; political pressure groups impose new rules to arm twist you.
    the problem with indonesia and many emerging markets is their govt's like to change rules on a whim.
    but many see the potential payoff a risk worth taking.

  5. #5

    Default Re: When failure is actually a blessing in disguise

    Quote Originally Posted by cks2k2 View Post
    the problem with indonesia and many emerging markets is their govt's like to change rules on a whim.
    but many see the potential payoff a risk worth taking.
    I recall a certain policy scheme introduced recently..

  6. #6
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    Default Re: When failure is actually a blessing in disguise

    Endemic corruption. After you have invested, that country may even use the anti corruption agency to force you to sell shares at a great loss. Imagine that. Phew. Finally good sense prevails and SG gave up the idea of buying the bank.
    Last edited by ricohflex; 2nd August 2013 at 06:43 AM.

  7. #7
    Member Bukitimah's Avatar
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    Default Re: When failure is actually a blessing in disguise

    Like it or not, they are our neighbour and here to stay. As a tiny red dot, we need to show some support. Buying a bank or investing in some projects are all part of what we can contribute with the least risks. Pumping in billions may not be wise but somebody already said, they dont need a few thousands.

    It is not just a few guys at their central government that will be able to change anything. With a few hundreds islands spread over such a big area, everybody there is working on silos. Who care who is the President. We would still need to participate actively in Indonesia. Maybe not in this bank but surely we need to be present.

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