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Archive for the ‘Business’ Category

An alternative way to operate the electricity market

1. I wish to suggest an alternative way to operate the electricity market in Singapore. 2. This is my understanding of how the electricity market operates at present: a) There are several power producers. They generate electricity and offer them to the market at their prices. The authority (EMA) accepts the offers based on the...

Losses suffered by Hyflux

1. Someone said that Hyflux incurred large losses on their overseas projects on on underquoting for the supply of water in the Tuaspring project. 2. Hyflux invested in the following overseas project Tianjin Dagang Newspring - loan of $121 million taken from a China bank Oman Quarayyat IWP - $250 m project awarded to Hyflax Hydrochem...

Brazil bribery scandal by Keppel

1. Many people in Singapore clamored for the six Keppel executives to be given a severe punishment, instead of a warning, for their involvement in the Brazilian bribery scandal. I do not agree with this demand. Let me give my reasons. 2. I do not know the identities of these executives or the details of their actual involvement....

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