Monday, February 13, 2012

Rolls-Royce opens largest Asian facility in S'pore

Many asian countries would have been shocked to hear that Rolls-Royce have opened the largest Asian facility in Singapore aka the Red Dot.With land space hardly available for such a venture one would expect Rolls-Royce to scour for greener pastures like Thailand and Malaysia. The Rm$1.68 billion investment was the largest ever aerospace investment in Singapore. The 154,000 sq metres facility will' enable Singapore to play a key role in supplying aircraft engines for the latest jets such as the A380 and the Boeing 787 Dreamliner'.
Now why did the investors by passed Malaysia? The answer perhaps can be adequately given by CNN Fareed Zakaria. Singapore is one of the easiest place in the world to do business. They dont have such racist policies like allocating 30%of the shares to bumiputras. They dont have to grease the palms of  corrupt civil servants just to have licence approvals. That perhaps explains why Singapore was the choice of the Rolls-Royce investors.

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