While Norway insists on transparency, our Familee-managed SWFs prefer the fishing in muddy waters
Yesterday the Financial Times reported that Norway’s Finance Ministry had forbidden its sovereign wealth fund (SWF) from investing in private equity. In the article the Norwegian Finance Minister said that “Private […]
Discounts and Jobs For Relatives Are OK For PM Lee and His Family But Not For The GM of His Town Council
On Wednesday the GM of Ang Mo Kio Town Council, Victor Wong Chee Meng, was charged with 55 counts of corruption involving $107,000 according to state media. He “is accused […]
One Index The PAP Would Rather Not Be Top Of Or Would It?
The PAP take credit for Singapore’s stellar performance in many global indices and engages in various strategies to boost our ranking, including comparing Singapore with large countries instead of cities, […]
Former Keppel O & M Employees Arrested But As Usual PAP Connected Executives Are Left Untouched
News reports today in the State Times and other Government media said that at least six former executives of Keppel Corp have been arrested by CPIB in connection with the […]
Staying Clean Not A Simple Matter in Some Countries
I read with amusement the letter written to the State Times by one Francis Cheng arguing that Singapore MNCs should be allowed to pay bribes as otherwise foreign competitors will […]
A Shocking Window Into The Institutional Corruption That Pervades Singapore Inc
Quietly over Christmas the US Justice Department announced that it had reached a deferred prosecution agreement with Keppel Offshore and Marine. Under the agreement Keppel O & M, a unit […]
