HoHoHo: Time for Ho to take an aspirin?
In April last year that Bayer, aspirin-to-crop chemicals group, sold 3.6 per cent stake to Temasek for 3 billion euros at 96.77 euros per share. Now worth only 60-something euros a share: not even 65. Bayer faces problems over legal liabilities stemming from last year’s $63bn acquisition of Monsanto, which included weedkiller...
Hyflux: Good Friday cruxification
Christ and the two thieves were not the ones crucified yesterday. Yesterday (yes on a public holiday), Hyflux said that MayBank had decided to appoint receivers and managers over the assets of Tuaspring, except for the desalination plant and shared infrastructure, and not to extend an agreement whereby it would not enforce its...
How does T5 airport cost tens of billions?
Changi Airport averaged a little over 5.46 million passengers and 32,000 flights per month in 2018. Before Jewel, it had an annual passenger handling load of 82m which has now been expanded to 85m so running at around 65.5m or 77% capacity. Although as most of us can attest it seems pretty empty most of the time when we are...
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