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Archive for the ‘Business’ Category
2018, another bad yr for SMEs

2018, another bad yr for SMEs

Seems our SME owners are buying properties and new Beemers and Mercedes because Singapore’s small-and-medium enterprises (SMEs) are expecting stronger sales and profits for January to June next year, as they anticipate better business conditions amid an improved economy, said a survey. When if I were them, I might want to... 

Temasek Holdings invested US$106 million in Petrobras while Keppel bribery scandal was ongoing, lost US$80 million

Temasek Holdings invested US$106 million in Petrobras while Keppel bribery scandal was ongoing, lost US$80 million

The 13-year bribery scandal at Keppel has proven good corporate governance at Temasek-linked companies to be a myth. 20 years ago, Keppel was also involved in another bribery case.  The Temasek-linked company pleaded guilty to giving $8.53 million in bribes to an Exxon employee to secure ship repairing contracts and was fined... 

Tycoon Khoo laughing in his grave, StandChart stake sold to Temasek in 2006 deep underwater

Tycoon Khoo laughing in his grave, StandChart stake sold to Temasek in 2006 deep underwater

The thing with our scholars is they know nothing about business.  What they are good at is throwing billions in tax dollars at successful businesses in the hope that all will turn out well. But most of the time they don’t, especially when Temasek (or GIC) invests overseas because PAP is not at hand to help tweak laws... 



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