TR EMERITUS

Back in 2018, the PAP boasted that the Net Investment Return Contribution (NIRC) has more than doubled from $7b in 2009 to $15.9b in 2018. However, the NIRC for 2019 has dramatically dropped to $3.6b in - which is about half of 2009's NIRC when the world was facing an unprecedented global financial crisis! Under the rules, the... 

And why audited accounts are juz another genre of fiction: science fiction is closer to reality. I tot these tots when I read Hyflux’s response to a question from Securities Investors Association of S’pore (SIAS) which read: On what basis was Tuaspring being valued at SGD1.4 billion? This has proven to be overstated by at... 

Further to A really curious incident,where I criticised SIAS for not KPKBing early, here’s one criticism it got right, though why didn’t it raise this earlier, much earlier? “On Mar 22 2018, KPMG provided a clean a clean audit report for Hyflux Group for the financial year 2017. On May 22 2018, Hyflux Limited and a...