TR EMERITUS

  Phillip Ang * The author blogs at LikeDatOsoCanMeh.      Read More →

These 3 power stations (table below) were constructed using mostly CPF funds. But shortly after their transfer to Temasek at undisclosed prices,  they were all sold to foreign companies. If they had been transferred at rock-bottom prices – similar to POSB – Temasek could have credited senior executives for the massive... 

The Answer is pretty obvious - Government Agencies PUB, SP and EMA Long and short of it, Hyflux made the terrible mistake of stepping into the minefield of competitive supplier market vs Monopoly buyers in both Electricity and Water industry. What makes it worse is that EMA controlled and manipulated its monopolistic power over...