Reimbursement of Innocent Bank Scam Victims Must Be Made Mandatory
The recent massive phishing scam at OCBC has highlighted Singaporeans’ inadequate protection against banking fraud. After pressure from MAS, OCBC has stated that all scam victims will get “full goodwill payouts” but has not publicly provided any details about what criteria it will use to determine who are genuine victims...
SoftBank 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 20% . This led me to revisit a previous article of mine, “Why is Temasek So Massively Over-exposed to Chinese Regulatory and Market Risk?, written...
The problem with being successful
Everyone wants to be a success. If you look through any given book shop, you’ll find that the section on how to be a success takes up a good portion of the store. An entire industry has grown around telling people how to be successful. I remember having a former client who gave up an electronics store that had been in the...
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