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To: philip karuman who wrote (4357)	3/10/2000 8:08:00 PM
From: TobagoJack	Respond to of 6021

The WSJ and Far Eastern Economic Review (FEER) and Int'l Herald Trib would like their readers to believe that Singapore actually has a chance to, if not already successful, to unseat HK in Asia ex-Japan financial and IT dominance. I pity those editors. So foolish, so blind, so wrong. The listed i.net holding companies in HK now is second only to Nasdaq, from a standing start. Freedom, education, international labour mobility, ambition, capital, drive, frenzied crowds, and luck does it everytime. HK now has its share of Disney, ICGE, Ariba, GE Capital, Hikari, Softbank, PCC, and so many more B2B injectable assets - Asia is a supplier to the world, and the center of the supply hub is in HK for many many things, not Singapore. If it was in Singapore, Tamasek (Singapore Govt investment fund) would not have to have a base in HK. HK govt investment certainly has no great presence in Singapore. The current issue of FEER tried to make a case that HK is unfit vis-a-vis Singapore due to crowds and pollution, even as Singapore is choking on the annual Indonesian forest burning smog. Maybe the crowds in HK are here for a good reason?