With director like this, any wonder why Hyflux collapsed?
The departure of one of Hyflux’s non-executive independent director, super legal eagle and academic, Simon Tay earlier this month after there was “unresolved differences in opinion” between Mr him and the other directors over the issue, opened an interesting side window into his financial illiteracy. As at Feb 7, Mr Tay...
So much hassle to use DBS Remit
I wanted to send some money to a manufacturer in China through DBS Remit. I have to create an payee by providing the bank code (CNAP number) and account number. I have to enter the full name of the recipient in English and in Chinese, the NRIC of the recipient and the full address. I do not have the ability to type the name...
Wuhan virus: Look on the bright side
So DBS, our biggest bank, has lowered its 2020 GDP growth forecast for Singapore by 28% from 1.4% previously to 0.9% because of a drop of 1m tourist arrivals for every three months Singapore’s travel ban on Chinese passport holders continues. (Related post: S$ tanks as GDP forecasts slashed) Wuhan virus: Why investors are...
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