Ambitious foreign investment was in Singapore a series of crises-from the September 11 attacks in 2001 to the global financial crisis and recession and now 2007 earthquake and tsunami in Japan and the Middle East unrest.
Those people who manage sovereign funds, assets and investment of over us $ 200bil (RM610bil), it is likely that possible future choices poring.
It is not only monitors the nuclear drama unfolding in Japan, but also to the spread of violent unrest in the Middle East, where high-risk Republic.
Recently, Foreign Minister George Yeo told Parliament that Singapore must "adapt to changes".
In 1999, the Government began a strategy of investing in overseas markets for get higher revenue for State funds.
Calling it "a pair of wings foreign seconds", city investments abroad.
Good concept adopted by other countries soon.
Sovereign funds are "Temasek Polytechnic holding, which manages the investments of us $ 142bil (RM432, 72bil), company or Government investment company that manages foreign exchange reserves of over us $ 100bil (RM305bil).
With the domestic market is too small for a large amount of money, and increasing competition from countries like China and India, turning the outside world leaders to find new sources of income.
Furthermore, the world was in good condition, and emerging in Asia was the wonderful new growth opportunities.
However, the foreign invasion has been delayed now and then, unfortunately, a few bad investment decisions.
In the last decade, this has let us move from Pocket antenna wings investment to another.
Another devastating-Japan-probably the worst.
The nuclear crisis is spewing serious implications towards economic recovery in Singapore.
It was one after another crisis of Singapore, of the 11 September terrorist attacks on America in 2001 to the global financial crisis and recession and turbulence 2007 Middle East now.
All these have caused varying degrees of damage to foreign investment in Singapore's ambitious.
People of Saudi Arabia hopes — the most important country in the Middle East remains safe.
During the financial crisis, said "Temasek Polytechnic holding assets that fell in 55bil Singapore dollars (RM168bil). Only in July last year that regained 40 percent.
Even discounting the nuclear nightmare, facing Japan is the third largest economy in the world, one of Singapore's top trading partners — years economic struggle.
It would have transformed hundreds of billions of dollars to rebuild destroyed infrastructure using its reserves, the sale of bonds or through spending cuts.
Stock researcher told "know their nationalist fervour, there will be a surprise if Japanese companies worldwide begin soon transfer money back home."
Likely that Japanese would buy or invest less in Singapore and the number of tourists will likely decline.
Japan is one of five economic pillars that keep thriving Singa pore, with the u.s., Europe, China and Southeast Asia.
According to statistics, is the sixth largest trading partner in 2009 with total trade amounting to S $ 44bil (RM105bil), and the third largest investor with S $ 51bil (RM122bil).
All these crises are a lesson to Singapore.
Environment sanguine ante, favoured smooth foreign profits, probably no longer around.
Recent history has shown, it now calls for more than just business acumen and timing of investment.
There also must be able to analyze International Affairs.
In 1999, started in Singapore billions from State funds to travel around the world.
The purchase of local companies, which makes it the largest contributor to one of a long list of major companies.
Foreign investment grew after the end of this century, the number and size.
Then the buzzword "strategic investments".
This often includes banks and telecommunications companies and airline companies considered tablets of host countries.
Singapore wants to long-term global linkages.
Experienced market researcher said "significant investments of time for big bucks and bite bullet because it can be very dangerous."
"Even the most experienced will need luck.
"Prayer people there will be after their sudden not political turmoil or natural disaster that could blow away from their investments."
Other concerns include terrorist attacks, and change the currency, and market disruption, changes in policy are unpredictable-no one can topple invested one billion dollars.
Large-scale investments "Singapore Government" — and recent losses abroad-faced public criticism for two reasons.
First, many Singaporeans come money investment from direct taxes and imposing high fees for "pressure" of citizens. Seems to be high all this.
Secondly, continuing economic gap between rich and poor which seems to be broad and rapidly become a source of public dissatisfaction.
He is popularly used part of billions to provide a safety net for the poor, the elderly and the unemployed.
With so many people in need throughout, it makes no sense to lose billions, through investment in a world fraught with risks that could be put to better assist the poorer class.
Another popular viewpoint that sovereign wealth funds may not be the best persons to very large.
Their performance so far was not brilliant.
Morgan Stanley said in a report that investment decisions were bad.
"Once Government control in external economy means must be the responsibility of poor returns with Government".
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Which Seah Chiang Nee
* This article first appeared on the Star Online
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