
Tony Tan confident in UBS’ long-term growth potential but GIC endedup losing US$4b of our reserves
In a ST report, it said that GIC is facing a loss in excess of USD4b (S$5.6b) on its investment in UBS Group nine years ago. GIC cut its losses in UBS after selling 93 million shares at 16.10 Swiss francs each on Monday (15 May).GIC invested into UBS in late 2007 at the height of the toxic bond crisis brewing in the world. At...

Public Order Act undermines freedom of expression and assembly
Maruah would like to express its concern with the amendment to the Public Order Act. We would like to emphasize the practicality of the new rules. Hong Lim Park is a public place. We believe that organizers do not have the authority to exclude anyone from the park, even if they wanted to. Are we arguably, being insincere in...

Ang Moh talent’s investment decision causes massive write-offs in SingPost
SingPost released its full-year results ended 31 March 2017 yesterday (12 May). It was announced that its net profit had dropped a whopping 87% from the previous FY's $249 million to $33 million. This is mainly due to impairment charges (i.e, write offs) of $185.0 million coming from its US-based subsidiary TradeGlobal. Impairment...
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