No Place For Elon Musk or Steve Jobs. Singapore’s “More Fearful of Failure” reflects in the coming Presidential Election.

No Place For Elon Musk or Steve Jobs.

Singapore’s “More Fearful of Failure” reflects in the coming Presidential Election.

Singapore is still not prepared to take risks. When we become richer, we are more fearful of failure. In the coming Presidential Election, the entrepreneur, George Goh, is disqualified. Oh! No, you cannot simply group five companies into one and make up the number.

We are not prepared to take up this kind of risk or leverage where one can grow businesses bigger and bigger. So, when we manage our reserves, we are very conservative, even more ‘kiasu’ than insurance companies. Tan Kin Lian has an incredible performance at NTUC Income, growing its assets from S$28 million to S$17 billion over a 30-year period when he was the CEO there.

Looking at the way we manage our reserves, DBS Group CEO Piyush Gupta calls for a re-think.

[The administration should consider whether to use it to “address the underbelly of society” or more importantly, to scale up Singapore’s presence in new sectors and industries, Gupta said.]

Does this calling request the elected president to have some kind of entrepreneurship or new approach in risk assessment?

People are asking how will Elon Musk or Steve Jobs perform in Singapore if they have their business here? How will Singapore assess these entrepreneurs? Got a chance or no chance. No wonder George Goh’s “One Chance For Change” fails.

And what can he say? “I cannot accept the decision.” “not fair”. Avoiding risk is just part of our culture or the PAP culture?

But this is how Singapore looks and values our entrepreneurs!

Comments

Sub-standard PAP and the Singapore education system

I make a 'policy shift' when I hear the debate of right politics, constructive politics and sub-standard opposition. My original aim is to discuss about “Su Dongbo, Zhang Juzheng and Singapore education system”. The discussion will end with a sub-standard PAP, in particular from the assessment of the quality of PAP potential candidates. Another policy shift is to discuss it like a play, a drama and make it more entertainment rather than a sub-standard political discussion. Act 1 Gangster’s demand Imagine a sense in the Hong Kong's gangster movie (or a godfather movie), the gangsters' master is shouting at his poor opponent and demand him to give a price for his wrong act. The poor guy without any resources can only offer his body or his service to work for the master. Back in his own chamber, the master is still not satisfied and continues to shout 'don't play, play, you think you are hero, you think you are tiger, or superstar or acting

After 60 years, after 3 failed political imaginations, the PAP is deteriorating...

EBRC objectives: Stop “Out of Aljunied”, Stop SDP Breakthrough and “Negative-Asset” Ministers.

First of all, we have to congratulate the Electoral Boundaries Review Committee for creating more competitions, especially, multi-cornered competitions in the East. When making changes, EBRC aims to achieve 3 goals: To prevent “Out of Aljunied” for Workers’ Party. This is the most important objective. To prevent Singapore Democratic Party making any breakthrough in the North and Central. To look for a solution to retire “negative-asset” ministers or reduce PAP damages. From the reported claims from different political parties, we will expect multi-cornered contests not only in single constituencies but also in group representative constituencies. The PAP hopes to have a repeat of 2011 Presidential Election. Then Tony Tan won the Presidency when he got only 35% of the votes, a narrow win.However, a win is still a win. He did in even in the very last minute, after recounts of votes. How to achieve multi-cornered contests? By inserting a single c

否极泰来 Piji Tailai

Search This Blog