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 […]
The Terrible Irony of the Prime Minister’s Defamation Suit
It should be clear to everybody that what the Prime Minister has done in getting his Press Secretary to defend his reputation is no different in essence from buying pineapple […]
The Ricebowl Singapore (TRS) 