Two lions in winter: Lee Kuan Yew and Fidel Castro both took office as prime ministers in 1959. The fortunes of S’pore and Cuba then are vastly different now. By Peter A Coclanis

PUBLISHED DECEMBER 14, 2013

Two lions in winter

Lee Kuan Yew and Fidel Castro both took office as prime ministers in 1959. The fortunes of S’pore and Cuba then are vastly different now. By Peter A Coclanis

LEE KUAN YEW: Can legitimately feel great satisfaction with his life’s work. – ST FILE PHOTO

TODAY few people would think of associating, much less equating, Cuba with Singapore. After all, the Republic is one of the wealthiest and most developed countries in the world and Cuba is, well, Cuba – a developing country and one of the few remaining communist states on Earth. The two island nations would seem to have little in common these days and there are few notable connections or ties between them.Singapore doesn’t have an embassy in Cuba and Cuban affairs in Singapore, such as they are, are handled out of Jakarta, by Cuba’s embassy in Indonesia. Indeed, but for Havana Club rum and cigars, the Cuban presence in contemporary Singapore is pretty minimal, notwithstanding the opening of a “Cuban” nightclub in Clarke Quay in 2006.

To be sure, some would suggest that one commonality between the two countries relates to governmental authoritarianism, hardcore in the case in Cuba, and soft “calibrated coercion” in Singapore. I have written on both countries and have spent time in each – a lot of time in Singapore, and three (legal) trips to Cuba over the past decade – and I find the functional equation of the two governmental systems to be off base.

Singapore is infinitely freer than Cuba, which is more analogous in governmental and political terms to pre-reform Myanmar than to the Lion City-State. But invoking the “lion” image regarding Singapore does allow me to introduce one comparison with Cuba that does make a certain amount of sense, that between the two “founding fathers” – the commanding figures Lee Kuan Yew and Fidel Castro – both of whom played outsized, indeed, gargantuan roles in their respective nation’s development and both of whom might be considered – indeed, would likely consider themselves – lions in winter today.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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