"You must have a rich
father to be able to study veterinary
medicine in Scotland?" the project
officer of similar age to mine, said.
30 years ago, one British pound was 8
Singapore dollars and those who
studied overseas were from wealthy
families.
"No," I said. "I was fortunate that
the British Government gave the
Colombo Plan Scholarship to enable me
to study veterinary medicine in
Glasgow University, Scotland. Now,
Singapore has become a developed
country and is in a position to offer
ASEAN scholarships to students so that
they can go home to help their country
people."
I met him and his boss (a younger man
in the family business) yesterday Nov
22, 2010 as my friend Khin Khin, asked
me to be present to help her in her
discussions about export Myanmar sand
to Singapore. The Singapore English,
thinking and culture of business is
clearer to me than to her and so I was
useful to her. The JTC would be
tendering to buy sand on Dec 3, 2010
and Khin Khin was anxious to close a
deal as an agent. If successful in
getting 5 million cubic tonnes of sand
for 18 months, she could get a
commission of some $200,000/cubic
tonne or some large figures. It sure
beats spaying a dog for $200.00 as I
will need to spay every dog in
Singapore, probably.
Personally, I am not interested in
this wheeling and dealing as it waste
a lot of time. But I do attend some of
Khin Khin's meetings and I do meet
interesting characters for my stories.
At the meeting, I will write notes for
Khin Khin as she listens and learns
the tricks of the commodity agency
trade. For the past two years, she has
not closed a deal. Well, I better
stick to veterinary medicine and enjoy
my work.
After the meeting, the project officer
invited us to have some coffee and to
get to know us better. Khin Khin and
his Myanmar contact had to go and I
stayed behind to socialise with him
and his boss. This boss is a young man
and I said: "You must be driving a
Lamborghini or a Ferrari," I had the
impression that he was the type who
would be doing it since his business
must be successful. Supplying sand to
the JTC is big business and if he can
think of doing it, he must have the
financial backup as there are
financial performance bonds and
penalties. He said that the freight
cost of importing the sand from
Myanmar to Singapore would cost more
than the sales price of sand, which if
rejected by the JTC would cost him a
lot of money. That meant that he has
the sufficient funds to undertake this
venture.
"No, no," the young man said. "I drive
a BMW."
The project officer said: "He would be
buying a Lamborghini soon."
I was impressed.
"Well, I put in a bid when the LTA
auctions the car," the young man said.
"The LTA (Land Transport Authority)
caught its senior manager milking it
millions of dollars and is trying to
recover some monies back by selling
this senior manager's ill-gotten
Lamborghini soon."
As a car depreciates in value, the LTA
can't wait till the end of the court
case to sell this car. This young man
may be lucky to get a Lamborghini at
below market price and my perception
of him as the profile of the type who
will drive a sports car seems to be
spot on.
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