The Delibitating Effect Of The Iron Rice Bowl
Bertha Henson bemoans the declining quality of the Straits Times. But is there any incentive for a person or organisation to innovate and improve when it is handed an iron rice bowl by the government? And isn’t this in effect what is happening when this PAP government has pledged $900 million of taxpayers’s money to keep...
Was there cloak and dagger under the nose of MAS (Nugan Hand Bank)
No matter how strict the banking regulators, how incorruptible and well-qualified its personnel, and how good the legislation, no country is spared the occasional crisis of financial fraud, huge credit defaults, money-laundering, and bank failures. Singapore has had its fair share. The worst on the patch was the 1995 failure...
Temasek sitting on multi-billion dollar losses
Share prices of Bayer collapsed within a few months after Temasek had invested S$4.8 bil of our reserves. Does Temasek have any exit plan for Bayer besides sitting on multi-billion dollar loss or hoping for a miracle? Phillip Ang Read More →
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