Poor Lee Hsien Loong! He Still Cannot Get Rid of His Problems with Yes Men After All These Years
At an event at the end of February 2017, reported on by state media mouthpiece The Straits Times, Lee Hsien Loong announced that “it is important for leaders not to […]
Trading Outage Damages Singapore Stock Exchange Reputation.
I have repeatedly pointed out over the last five years that lack of competition and monopoly in political life has the same dire consequences that it has in business. Today […]
Budget 2016: Stuck in a Car in the Fog. Who to Ask for Directions?
Since 2012 I have pointed out, repeatedly, that the Singapore Budget presentation gives a deeply misleading picture of the Government’s finances. I have written innumerable times on how the Budget does […]
Keeping It Under Your Hat -The Panama Papers
The Panama Papers is a massive leak of files from the Panamanian law firm Mossack Fonseca, engineered by the International Consortium of Investigative Journalists.(ICIJ) Names and identities released so far include, like the proverbial bad […]
Are We Paying Too Much for Our Groceries?
Sheng Siong, one of Singapore’s big three food retailers, announced its fourth quarter and annual results for 2015 a few days ago. The dominant player is NTUC Fairprice, which has […]
Why Chris Kuan is wrong. Black hole in the government finances? No, just S$174 billion missing
An article concluding that there is no shortfall in the government’s statement of Assets and Liabilities has recently gone up on social media called “Black Holes in the Government Finances?”According to The […]
Is Your CPF At Risk if Stock Markets Fall Any Further?
You can read my refutation of Chris Kuan here: https://sonofadud.com/2016/02/24/why-chris-kuan-is-wrong-black-hole-in-the-government-finances-no-just-s174-billion-missing/ A few days ago I updated my very approximate calculations of how Temasek’s portfolio was likely to be performing since […]
Singapore’s High Ranking on the Heritage Foundation Index Has More to do with US Politics Than with How Free Singapore Actually Is
A few days ago the State Times published an article entitled “Singapore still 2nd freest economy in the world but gap with top-ranked Hong Kong widens“. The Heritage Foundation, a […]
Temasek’s Portfolio is Probably Down 20% Already and the Chinese Stock Market Rout May Just Be Getting Started
Back in July last year I did some rather basic analysis of Temasek’s results for the year ended 31 March 2015 and for the performance of its portfolio since then […]
Will Lagarde Join Tharman in the Exclusive Club of Finance Ministers with Criminal Records?
In 2012 I discovered that the Finance Minister had pledged a US$ 4 billion loan commitment backed by our reserves to support a new lending facility for the IMF. This […]
NOL: Another Case of Value Destruction by Our Natural Aristocracy
CMA CGM, a major global shipping company based in France, today announced that it had agreed to acquire Temasek’s 67% stake in NOL at a price of S$1.30 per […]
Double Standards for Corruption
A few days ago a district court here sentenced a former director of Singapore Civil Defence Force (SCDF) to ten weeks jail for criminal breach of trust. The convicted criminal […]
Show Us The Money or the Funny World of PAP Accounting
At the NUSS dialogue on Tuesday I tried to grill the PAP representative on why there were so many discrepancies in the Government’s accounts. More specifically, I honed in on […]
The Only Direction Lee Hsien Loong Will Take Singapore is Backwards
As Lee Hsien Loong today introduced his new candidates for Ang Mo Kio with the words, “We’re looking for a new team to take Singapore forward”, my first thought was I […]
AGO Report – Emblematic of the PAP’s “gasak buta” approach to financial discipline
Where I rain on your parade Singaporeans have been excited by the recent publication of the AGO report which seems to have uncovered some significant lapses. I am sorry to rain […]
Will Mrs Lee Get a Huge Bonus on the Back of Temasek’s Results?
There was a palpable sense of self-congratulation in Temasek’s announcement of its latest results a few days ago. Taken at face value, Temasek’s latest results for the year to 31 […]
