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Archive for the ‘Business’ Category

How Temasek’s mega-losses were recouped?

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

Did Temasek lose $1.6 billion in Tanzanian investment?

In November 2013, Temasek (through newly set up Pavilion Energy) bought a 20% interest in Tanzanian Blocks 1,3 and 4 from Ophir Energy. (“Ophir in $1.3 bln deal with Temasek unit for Tanzania gas“) In August 2014, Ophir reported a US339.1 million after-tax profit reflecting “the gain on sale of a 20 per cent interest...

Why abandon a strategic national asset?

I received this email from a friend, who has not invested in Hyflux. Hi Kin Lian. Hyflux was once a "national strategic asset" strongly encouraged by authorities to "sink" their precious savings including CPF. It is now "abandoned" by same PAP "elitist" team. I am fascinated by what Indonesian tycoons saw in Hyflux with their...

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