We must choose not to become a market society
I refer to the report "Framework to get civil servants to watch financials dropped" (April 6). The market-driven Net Economic Value framework may have resulted in the public being underserved and its scrapping signals a potential re-examination of the market thinking approach by policy-makers. There are two other concerns. First,...
Err… Temasek can do savvy deals too
TRE’s and TOC’s readers, and other Singaporean netizens may not realise it, but Temasek doesn’t always lose money on its overseas investments. In 2008, just before the financial crisis, Temasek sold its majority stake in BII for a price that put a value of the Indonesia bank of 4.6 times book value. The sucker buyer...
What would you do if you could live like a billionaire for a day?
Yesterday, Yahoo! Singapore Newsroom ran a short survey on Facebook entitled "If you could live like a billionaire for a day, what would you do?" The survey only received 40+ comments. I believe people shunned from commenting because they found it to be unreachable and hence, meaningless. Out of those who did reply, the 2 most...
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