Free Trade Agreements (FTA)
FTAs are actually investor rights agreements, rather than free trade agreements. Investors pumping hundreds of millions of dollars into a foreign country want a guarantee that their investments will be protected by the government. As to freeing up trade, tariffs between major trading nations are already very low or non-existent....
Classic case of socializing cost and privatizing profits
Click to enlarge The test kit is developed by A*star and DSO using taxpayers money. However, it is being sold by Advanced Medtech Pte Ltd, a wholly owned subsidiary of Temasek. The costly and speculative part of developing the product is borne by taxpayers while the profits is reaped by a private company. Classic case of socializing...
Indian banking sector is opening up?
I quote a Bloomberg news report of 8 December 2020 that the unprescedented takeover of a private Indian bank (Lakshmi Vilas Bank/ LVB) by a foreign competitor (DBS India) signals that the Indian banking sector is opening up- Nirmala Sitharaman. ( Indian Finance Minister). I disagree with that opinion. Let us be absolutely clear....
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