Saya ingin merujuk kepada artikel yang di berikan kepada saya beberapa bulan lalu, lebih-lebih lagi dengan penglibatan pemimpin-pemimpin Singapura di dalam WPI kelak. Beberapa tokoh politik muda negara yang disekolahkan di dalam sistem Singapura dan mengagungi kehebatan (????) Singapura gagal untuk menyatakan perkara yang sebenarnya berkenaan negara kota tersebut.
Adakah Singapura itu hebat kerana sistemnya yang berdasarkan meritokrasi?? Atau sebaliknya? Mengapakah ribuan Cina Indonesia melontarkan wang simpanan mereka di Singapura? Adakah ini merupakan FDI utama untuk Singapura?
Fikir – Fikirkan……..
What happened to Andy?
By Steven Irvine 4 October 2006
Morgan Stanley’s vocal star analyst suddenly resigns. An email he wrote
about Singapore may explain why.
The market was shocked on Friday when Morgan Stanley announced that its
Asia economist, Andy Xie, had resigned. The announcement was brief and
mysterious, giving no explanation of why he was going or where he was
going. With Morgan Stanley’s bonus period only two months away, it
looked like a very strange time for the Shanghai-born Xie to leave the
firm.
The Hong Kong rumour mill quickly began speculating as to why Xie had
left. Attentions have focused on an email that Xie penned on September 18.
Many copies of the email – which was about Singapore – have since been
passed around by the region’s fund management and banking community.
The subject line of Xie’s email was ‘Observations on the IMF/ World Bank
conference’. That event was hosted in Singapore, and the email was
written just after the conference finished. The email consisted of nine
paragraphs but it is the third and fourth that have attracted most
attention.
“I tried to find out why Singapore was chosen to host the conference,”
wrote Xie. “Nobody knew. Some said that probably no one else wanted it.
Some guessed that Singapore did a good selling job. I thought that it
was a strange choice because Singapore was so far from any action or
the hot topic of China and India. Mumbai or Shanghai would have been a
lot more appropriate. ASEAN has been a failure. Its GDP in nominal dollar
terms has not changed for 10 years. Singapore’s per capita income has not
changed either at $25,000. China’s GDP in dollar terms has tripled
during the same period.”
Xie then continued that he thought some “were competing with each other
to praise Singapore as the success story of globalisation. Actually,
Singapore’s success came mainly from being the money laundering centre
for corrupt Indonesian businessmen and government officials. Indonesia has
no money. So Singapore isn’t doing well. To sustain its economy,
Singapore is building casinos to attract corrupt money from China.”
These remarks were made in an email that Xie intended to be circulated
internally within Morgan Stanley. But it got leaked, and was soon
making its way around the region. This proved to be a highly
embarassing situation for Morgan Stanley. Singapore is one of
the US firm’s key investment banking markets in Asia.
Commenting on Xie’s departure a spokesperson for Morgan Stanley says:
“We do not comment on personnel issues. We do not elaborate on the
reasons of our employees’ departure.”
But on the subject of the email, the spokesperson adds: “This is
an internal email based on personal suppositions and aimed at stimulating
internal debate amongst a small group of intended recipients. The email
expresses the views of one individual and does not in any way represent
the views of the firm. Morgan Stanley has been a very strong supporter
of Singapore and has a great deal of respect for Singapore’s achievements.”
Xie joined Morgan Stanley in 1997 and was a managing director. He regularly
ranked highly in investor polls as one of the region’s most popular
economists, thanks in large part to his direct style and forthright
opinions. The 46-year-old, who has a doctorate from MIT, previously worked
at the World Bank and Macquarie Bank.
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