SDP calls for public inquiry on loss suffered by GIC in sale of UBS share
Below is a statement by Singapore Democratic Party (SDP) on the recent news that Singapore investment body, GIC might be looking at a loss of over $5.6 billion after it sold 93 million shares of Swiss bank UBS Group. SDP's statement The recent announcement that the GIC stood to lose in excess of $5.6 billion comes as no surprise....
SDP repeatedly warned about the UBS investment
The recent announcement that the GIC stood to lose in excess of $5.6 billion comes as no surprise. The Swiss bank had been plagued with problems and the SDP had warned on at least five separate occasions against the GIC investing in it. 1. As early as 2009, the SDP warned: “Either Dr Tony Tan (who was the GIC's executive director...
Dr Chee: 5 ways China can sink our economy
LET'S NOT BEAT around the bush. PM Lee Hsien Loong's absence at the New Silk Road summit currently taking place in China is a big deal. Was he not invited or did he elect not to attend (and despatched National Development Minister Lawrence Wong instead)? The former seems the more plausible account. Either way, the development...
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