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 […]
The Ricebowl Singapore (TRS) 