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 […]
It’s Back to the 1970s as Lee Hsien Loong Demonstrates Nothing Has Changed
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. […]
Why Is Temasek So Massively Overexposed to Chinese Regulatory and Market Risk?
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 […]
Why the Greedy Gullibility of Temasek’s General Counsel Should Ring Alarm Bells
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 […]
Orwell’s 1984 Is Alive and Well in Lee Hsien Loong’s Singapore
William Gibson, the iconic American science fiction writer famously described Singapore in 1993 as “Disneyland with the Death Penalty” in an essay he wrote for Wired magazine. (In 2013 I […]
As Singapore Heads Into Another Lockdown, the Government’s Failure To Provide Enough Stimulus Is Hurting Our Citizens
In my analysis of Budget 2021, I criticised Heng Swee Keat’s failure to provide enough stimulus and warned that SIngaporeans would pay the price. I said that while Heng projected […]
The Succession Problem Is One of LHL’s Own Making and Suits Him Just Fine
Six days ago I wrote a blog about Heng Swee Keat’s decision to remove himself from the succession to LHL entitled “PAP in Disarray? Much More Likely That LHL Is […]
PAP in Disarray? Much More Likely That LHL Is Moving the Pieces Around the Chessboard To Ensure His Son Is There To Succeed Him When He Finally Retires
Was anyone really surprised by the news that my old Cambridge contemporary, Heng Swee Keat, is stepping down from leadership of the 4G team and from contention to be the […]
“Meritocracy” Triumphs Yet Again as Josephine Teo’s Husband Is Snapped Up by Another GLC
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 […]
The Ricebowl Singapore (TRS) 