Is Singapore Inc selling off its iconic brands too easily?

THE possible sale of Neptune Orient Lines (NOL) has raised some ire in corporate circles. Are we losing our "crown jewels" - iconic companies and assets that have stood and served Singapore well in the past?

The sale of Raffles Hotel in 2005 to Colony Capital, an investment firm based in Los Angeles, raised some consternation among some locals who screamed that Raffles Hotel was as local as chilli crab. And CPG, the former Public Works Department (PW…