Prevent a run on the bank
Silicon Valley Bank faced a "run on the bank". Due to premature withdrawals of deposits, they faced a liquidity crisis and had to sell their bonds, ahead of maturity dates, at a loss. They planned to raise additional capital to cover their loss of $1.8 billion USD. Given some time, and with the right price, they would be able...
Employers must verify the education qualifications of their EP applicants
Employers must verify the education qualifications of their EP applicants from 1 September 2023- CNA online 1 March 2023. This is the sort of current pap's incompetence and ludicrousness that will make concerned Singaporeans' blood boil, unscrupulous employers and their potential foreign employees cunningly snigger and I dare...
The 9 Lives of DBS
India's Adani Group has lost US$100b in value since the adverse report of short seller Hindenburg last month. Temasek has S$147m (1.2% shares) in Adani Port acquired in 2018. The Hindenburg report has little impact on share price of Adani Port. Singaporeans heaved a sigh of relief the Hindenburg report most likely saved the...
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