That's truly amazing. How does Creative = Singapore?
When Creative makes money, how does Singapore benefit? Other than the fact that they pay taxes to S'pore govt, of course, and that it more employs workers in Singapore (but no guarantee that the workers they employ are Singaporean, of course).
When Creative loses money, how does Singapore suffer? Other than the fact that they pay less taxes to S'pore govt, of course, and that it will employ less workers than Singapore.
When Creative makes product introductions, do they consult Singaporeans?
When Creative removes products from the market, do they consult Singaporeans?
Do the Articles of Association of the company require the company to locate in Singapore, use made in Singapore parts and labour, mandate that directors must be Singapore citizens, etc?
If the answer is no to any or all of the above, why link Creative to Singapore?
What Creative does is Creative's own business. Not Singapore's. Companies like Creative are in business to make money, not to fly any country's flag (unless it helps them make more money). Creative's shares are freely traded on Nasdaq, and anyone can buy them. In fact, the other large owners (other than Sim himself) are probably US fund managers representing pension institutions and other foreign investors.
There is no reason Creative needs to be in Singapore or to employ workers here. The only reason they are here is because it makes business sense. If being in Singapore becomes unattractive for Creative, they can pack up and go. Creative has many offices and plants worldwide, and I think the total labour force outside Singapore exceeds that here.
One day, if Sim decides to retire, he can sell his shares to anyone, Singaporean or otherwise. In fact, Sim could become a US citizen right now and it would make no difference to his ability to hold the CEO post. Would you then say we should no longer support Creative because the CEO is no longer Singaporean?
This is not to say that we should not be proud of Creative. But in this case, it is a legal matter and should be settled according to the law. We should not side with Creative because it is Singapore company. We should side with the company only if what it did is legal.
On the consumer side, I would buy a product because it meets my need at the right price point, not because it is made by Creative or other "Singaporean" company. Frankly, in this age of WTO, products are conceptualised in one country, parts are sourced from another, assembled in another, distributed worldwide via Internet and supported worldwide through call centres located in India or Philippines.
How to define a "Singaporean" product any more?
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Nationalism, gone overboard, is a big problem especially in Asia. Look at what happened in Thailand with Shincorp as an example. Same things happened in Korea and in Malaysia. Whenever a foreign company wants to buy a "local" company, people become xenophobic.
Developed countries are not immune to this of course, eg. Global Crossing a few years back and the recently scuppered US ports deal.
What the nationalists and "patriots" did not realise is how their actions harmed the countries' economies.
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Canonised said:
Since Creative has declared war on Apple,and Apple seemed to be very well prepared has launched a very strong counter-attack on Creative, there is going to be bloodshed to both, but since Apple has a much bigger financial muscle, Creative may be badly hurt this time.
Whether you like it or not, Creative is a son of Singapore. Even if you dont like the products or the company or the management, etc .... it is time we Singaporeans should gather together our fullest support to this Son who has done our country proud for so many years.
Wherever we go, at least we can see some signs or products of Creative, and we should really be proud of that, even if you hate the products or designs so much. Just imagine, if Creative is a Malaysian or Thai or Indonesian company, I think i still prefer that it is a Singaporean baby! :lovegrin:
From now on, being a Singaporean, I am going to support a true Singaporean's Company!
Come join me in this nationalistic call ... think Creative!