Time for Temasek to let SGX be foreign owned?
Local brokers are still dying even if retail punters are returning because Covid-19 lockdowns (Sorry “circuit breakers”) mean bored S’poreans e-trade. They should learn from Robinhood. No not free brokerage (It’s Pay And Pay Land here) but providing lists of trades that were the most popular among its customers in an...
Free Trade Agreements (FTA)
FTAs are actually investor rights agreements, rather than free trade agreements. Investors pumping hundreds of millions of dollars into a foreign country want a guarantee that their investments will be protected by the government. As to freeing up trade, tariffs between major trading nations are already very low or non-existent....
Classic case of socializing cost and privatizing profits
Click to enlarge The test kit is developed by A*star and DSO using taxpayers money. However, it is being sold by Advanced Medtech Pte Ltd, a wholly owned subsidiary of Temasek. The costly and speculative part of developing the product is borne by taxpayers while the profits is reaped by a private company. Classic case of socializing...
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