This is a bit about Goh Chok Tong, a true capitalist, entrepreneur and maritime visionary. He was the chairman of Singapore Inc., he invested in many places around the world and he is still doing it now.
On Kra Canal
The development of Kra Canal of Thailand has been lots of going on in many forum discussions for years. Netters from Thailand, Indonesia, Malaysia, India, Singapore and other stakeholder countries develop assumptions and rumors on predictions, consequences and anticipation scenarios. Some even believes that Singaporean bribes some from Thailand administration key persons and parliament members to halt the plan.
Obviously, the canal operation will effectively reduce traffic on Malacca Strait. This makes some perceive Singaporeans are afraid to lose their geographical advantage. I have not yet see a poll result of how Singaporean see this, nor I will search for it. What interests me is about Mr. Goh Chok Tong’s pragmatism point of view in this.
Singapore’s position is a simple one. If the Thais find the Kra canal commercially feasible, go ahead. There is nothing we can do to stop it. It is in a Thai national interest. How can we tell Thais not to have the Kra canal for our sake? We have done our homework. We think the project won’t take off because the distance saved is short. The southern part of Malaysia and Singapore are natural destinations in their own right. People come there for cargo. So they may go through the Kra canal but they still want to come down south to pick up the cargo. If you want to use the Kra canal for Japan, those who do not require to pick up cargo in the south, how much money can you make from them? (Laughs). Our position is if it is feasible for you, go ahead and we cannot stop it (laughs) . . . If it is feasible, then what do we do, eh? We’ll invest in the Kra canal. The Port of Singapore Authority would then better function in Thailand with Thai partners. (source)
It’s obvious, he is a true capitalist, entrepreneur and has a sophisticated maritime mindset.

