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menarik yg saya juga dapat dari millis lain.
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> Star Morgan Stanley economist exits after penning critical > Singapore email > > Netty Ismail, Singapore > October 6, 2006 > > ANDY Xie resigned as Morgan Stanley's chief Asian economist > after sending an email in which he characterised Singapore as an > economic failure, dependent on illicit money from Indonesia. > > Dr Xie, who worked at Morgan Stanley for nine years, sent the > email to his colleagues after attending the International > Monetary Fund and World Bank annual meetings last month in > Singapore. In it, he questioned why Singapore was chosen to host > the conference over India or China, and said delegates "were > competing with each other to praise Singapore as the success > story of globalisation" > > "Actually, Singapore's success came mostly from being the > money-laundering centre for corrupt Indonesian businessmen and > government officials," Dr Xie said in an internal email. > "Indonesia has no money. So Singapore isn't doing well." > > Dr Xie, who was based in Hong Kong, resigned from Morgan Stanley > last week. > > Singapore's $US118 billion ($A158 billion) economy is recovering > from three recessions since the 1997 Asian financial crisis, and > is expecting growth of as much as 7.5 per cent this year. It is > grappling with growing competition from China and India, which > have lower labour costs. > > Prime Minister Lee Hsien Loong last month said Singapore's > economy could sustain annual growth of 3-5 per cent for the next > 10 to 15 years as it expands its industries. > > Morgan Stanley confirmed the contents of the email and declined > to elaborate on the reasons for Dr Xie's departure. > > "The email expresses the views of one individual and does not in > any way represent the views of the firm," Morgan Stanley > spokeswoman Cheung Po-ling said. "Morgan Stanley has been a very > strong supporter of Singapore and has a great deal of respect > for Singapore's achievements. > > Morgan Stanley was the sixth most prominent Singapore merger > adviser this year, handling $US1.5 billion of deals, according > to Bloomberg data. > > "I tried to find out why Singapore was chosen to host the > conference," Dr Xie wrote in the email. "... I thought it was a > strange choice ... Mumbai or Shanghai would be a lot more > appropriate. > > Dr Xie , who last month predicted the US economy would fall into > recession in 2008, declined to comment .. > > BLOOMBERG Have a blessed day, SURYA D. HUTAGAOL, SE.,MM.
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Pojok BEJ Bandar Lampung Telp. 0721-771695 Fax. 0721-770261 HP. 0721-75.11.10.9 www.phillip.co.id [old things are passed away; behold, all things are become new] DISCLAIMER: This research is prepared for general circulation. It does not
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