SIN, of course, is also the internationally-accepted abbr for Singapore. Just like MAS is for Malaysia and KUL is for Kuala Lumpur.
The latest news that Khazanah Nasional has bought over Pantai from Sin's Parkway throws me back 5 years into the past when I was the editor of the Malay Mail, which front-paged the sale of Pantai to Singapore. The order had come via a phone call to a Cabinet Minister from someone close to the Prime Minister, who was then in Australia for a minor surgery, so the Malay Mail article ruffled powerful feathers at the PMO's 4th floor. The rest, as they said, is history. I became a blogger soon after and posted several articles on Pantai, such as Joget Pantai Irama, Majulah Singapura Part 3, Jews Behind Pantai, among others (several postings on Pantai and Parkway had to be taken down and therefore can't be hyperlinked, by Order of the Court, to facilitate the court case against taken against me in 07 by NSTP and 4 of its chiefs).
Khazanah to buy Parkway stake for RM2.76 billion (the Star, Fri May 28), which comes right at the heels of the Tanjung Pagar deal, clearly shows that the current Administration is undoing the mistake of the previous regime which allowed the sale of a national asset without proper due processes. For the record, there was never any formal approval from the FIC for Parkway's purchase of Pantai and sources from Parkway back then were bragging that they were dealing directly with the "highest sources in (Malaysian) government". That was how 2 government concession landed up with foreigners .
That's all behind us now. But surely there is at least one lesson to be learnt. If it ain't broken, don't fix it. The Pantai-Parkway saga, and the merger of 3 to create Synergy Drive that is today loss-making Sime Darby, offer these lessons of how the boys at Khazanah Nasional and PNB tried to fix what wasn't broken and ended up shooting themselves in the foot.