Indranee Rajah Misleads Parliament by Falsely Claiming Singaporeans Will Be Protected from the GST Hike for 5 Years. Should She Be Referred to the Committee of Privileges?
In his New Year Message PM Lee Hsien Loong said that “the Government will have to start moving on the planned hike in Goods and Services Tax (GST) in Budget […]
SoftBank Just Announced It Lost US$54 billion on its Chinese Investments. How Much Has Temasek Under Ho Ching Lost?
On Monday SoftBank, the Japanese technology investor, announced that its net asset value had fallen by the equivalent of US$54 billion in value in just three months, or more than […]
The last week has brought a distinct feeling of deja vu. Firstly, we had the decision to close Yale-NUS, which was spun as economic but was clearly a political decision. […]
The last few days have seen a savage sell-off in Chinese tech stocks that has wiped hundreds of billions of dollars off their market capitalisation. The Hang Seng Technology Index […]
Yesterday I read the astonishing news that Temasek’s General Counsel, Pek Siok Lan, had apparently blown $5.5 m in a fraudulent nickel trading scam. This immediately raises several concerns. First […]
State media mouthpiece TODAY announced on Monday that Josephine Teo’s husband, Teo Eng Cheong, had been appointed as the head of Sino-Singapore Tianjin Eco-City and Investment Development Co (SSTEC). Strangely […]
Budget 2021- Not Enough Stimulus in FY2020, Premature Withdrawal of Aid in FY 2021 and Not Enough Help for Singaporeans
FOR IMMEDIATE RELEASE Inadequate Stimulus in FY2020 In my last blog post, written just before the Budget presentation, I pointed out that the economy had suffered as a […]
Today I was greeted by the news that Ho Ching, PM Lee’s wife, was stepping down from her position as CEO and Executive Director of Temasek Holdings on October 1st. […]
Well Done GIC for Investing in DoorDash ! Too Bad for CPF Holders Who Don’t Get to Share the Profits
Two days ago the US online food delivery company DoorDash debuted on the New York Stock Exchange and its shares popped by 86% though today they have come off nearly […]