| ashu |
Posted
on 05-Jun-01 09:11 AM
Now we have a King who has DIRECT business interests
in sectors of tourism, tea, hotels, tobacco and so
much more.
Since it's unlikely that the King will divest
his shares in those businesses, he is going to do
his best to help all his businesses too.
One thing is certain: This King is going to be all
the more of a smart businessman. This means, he is
simply NOT going to allow Nepal Bandhs and stuff like
that affect his business interests and therefore
a big part of Nepal's economy.
In other words, what is bad for Gyanendra's business
interests is going to be bad for the country's
economy as a whole. And maybe the economy will
improve.
I, for one, certainly expect executives from
The Soaltee Group ( which is sort of like
Nepal's McKinsey and Goldman Sachs rolled
into one in terms of sheer prestige and power!)
to start calling the shots in all major business
decisions.
Namely, Prabhakar Rana -- who's a
smart, articulate, far-sighted man and a prudent
man -- and hi son Siddhart are going to be
all the more influential.
On the down side, this may mean there will NOT
be a level playing field for all entrepreneurs
in Nepal. In other words, there will be huge
barriers to entry for those WITHOUT links to
the Soaltee Group.
At any rate, businessmen are not exactly knwn to be
supporters of democracy, caring, as they do more about
efficent ways of making money.
We'll see how things turn out.
As one of my friends who's into business put it optimistically
this morning, "We live in interesting times in Nepal."
oohi
ashu
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