Went to Singapore for a meeting and realize some interesting fact about business. It is not about Singapore or Malaysia but it is about politics in general. Sometimes we wonder why certain things can be done and other cannot or certain things are done certain way but not others. If we know the background behind the development of the issue, we may realize that one of the reasons is because of politics. Things are done certain ways so that it is politically right. When we talk about politics, it may be at the country level or at a company level or even at an individual level.
Can we avoid political costs just like referring to regulatory compliance cost? Well, I would say is difficult. A country or a company is built on a group of individual and politics is about the similarity or difference between the philosophy or ideology of individuals. If there is no differences, the world will be at peace but businesses will be less vibrant as everyone will want to buy the same or similar things. Hence, there will be less innovation or creativity needed. Therefore, it is good to have differences in view and preference. However, we need to be mature when dealing with politics i.e. should not be emotional rather we should look at the big pictures and work towards a common goal or benefits. Compromise is the key and is key to success in a community.
Happy events:
- Had a meeting with a derivatives dealer from India and learned that the development of derivatives activities have developed rapidly in many not-so-developed capital markets.
- Foods industry is one of the most important and forever green industry in any country. Local people and foreign visitors must spend money on foods but not other things.
- In order to be competitive, businesses and regulators in any countries must equip themselves with the latest development in other countries and the world is flat and will be more flat than we thought. We will either excel and survive or lag behind and die.
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