TR EMERITUS

I made quite a few friends with my neighbors in Geylang Serai Ramadan Bazaar. There were Iranian, Indians, Chinese and of course, Malays. They are all hardworking people who are willing to invest their money, time and efforts in this Bazaar, trying to make a bit of money. I find the Malay Entrepreneurs are especially and exceptionally... 

Reading about the recent take over of Credit Suisse by UBS and the collapse of Silicon Valley Bank (“SVB”) brought back memories to the time when I was doing some work for GE Commercial Finance (“GECF”), which was in the business of trade credit financing, which is better known as factoring. GECF were clear that their... 

1. Someone complained that the rental of a stall for the Ramadan Bazaar is $18,000 a month, or $600 a day. 2. This is a high rental. The stall operators need to generate revenue of $600 a day just to cover the rental. There is also the cost of workers and the cost of the goods that are sold. 3. The high rental will have to be...