Saturday 27 July 2019

Gutter Politics-Mahathir Still Hanging On And Showtime

I am glad that Mahathir had temporarily stopped bashing Singapore over the raw water pricing issue. But not sure how long the fragile peace will last. Malaysia has stopped the export of sand to Singapore to curb Singapore's land reclamation expansion, in particular, the Tuas Mega Port project. It is of course not in their interest to see Singapore developing well. 

Many have forgotten how vulnerable our tiny Singapore is and have taken things for granted. Singapore does not have natural resources such as oil, tin, copper or large agricultural land. The only thing we have is our stellar reputation for getting things done. That is what attracts foreign MNC to set up base in Singapore. British billionaire James Dyson recently moved his organization HQ to Singapore and have spent close to S$100mil investing in Singapore luxury super-penthouse at Wallich Residences and a freehold bungalow next to the Singapore Botanic Gardens. His Dyson organization would have rented premises and also created jobs for many local Singaporeans due to this move to Singapore.

If our reputation fails, then our property prices and stock investments will all plunge in value rapidly. Destabilizing elements from external foreign threats can be severe in Singapore. The 1964 racial riots in Singapore as a result of Malaysia racial politics spillover which incited hatred among our main races then. Hence I am happy that Mahathir is now busy playing with his fellow politicians over the recent "gutter politics aka sex scandal" saga.

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