Transparency and the Ownership of Changi Airport
I have not expected to defend a recent comment that the Changi Airport Group (CAG) is a wholly-owned subsidiary of Temasek Holdings. I must have stated the same fact at least half a dozen times previously on different occasions that I no longer include a reference for it. I thank fellow netizens Bravo and faber who highlighted...
The POSB Transaction Revisited
I shall begin with a little background. I recently wrote a comment about the creative accounting at Temasek Holdings drawing on two examples of under-valued acquisitions by Temasek-linked companies (TLCs). The comment itself was a topical response to an article by Christopher Balding. Christopher later cited my comment in his...
Steve Wu: The Constitution & Population White Paper 3
Part 3 – Free Trade Agreements It may not appear that the Free Trade Agreements (FTAs) have much intersection with immigration and population at first sight, but they do. FTAs govern the exchange of goods, services as well as labor between countries. The FTAs coupled with minimal immigration rules are a recipe to wreak...
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