Why Singapore’s fintech ambitions won’t go far
Too much wishful thinking combined with motherhood BS from the authorities. The head of Singapore’s central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money. [ LINK ] And Menon added that he would not rule out the...
PAP’s transfer of state assets at lelong prices enabled Temasek to achieve high historical returns
Temasek’s high return claims may be factual. This is because it has paid for state assets from the PAP government at lelong prices. On such asset transferred to Temasek was Post Office Savings Bank (POSB). POSB became a statutory board in 1971. Public resources in the hundreds of millions or billions must have been...
Identify well managed SMEs
In 2018, another bad yr for SMEs, I took a cheap shot at Inderjit Singh and Jack Sim because they, Tay Kheng Soon and the other usual suspects last yr came up with yet another a wish list for SMEs (See below). Nothing really new in the list. I think rather than banging their heads against the wall, asking “More money...
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