Hyflux: ‘going concern’ BS/ KPMG again and again
The constructive, nation-building media report that the Accounting and Corporate Regulatory Authority (Acra) is watching the Hyflux fiasco closely. And this is newsworthy? It’s ACRA job to investigate, not watch, cock-ups like these. But then being a regulatory bureaucrat is one good way of getting a very expensive free lunch....
Temasek’s deletion of ‘Wealth Added’ bonus paid out in annual reports
Temasek Review (TR) 2012 reflected the “paid-out portion of WA Bonus earned for prior year” from 2006 to 2011, ie 6 years. In the subsequent year report, the above-mentioned bonus for 2009 and 2010 was deleted. Besides deleting 2009 and 2010 paid-out WA bonus, Temasek no longer discloses annual salaries and benefits...
No bail out for Hyflux?
No bail out for Hyflux It is easy for people to mutter the words, “the govt should not use tax payers money to bail out Hyflux”. Even the highly paid Minister for the Environment and Water Resources muttered these words. As an intelligent minister, I would expect him to spend some time to understand the part that his own...
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