Archive for the ‘Business’ Category
Is our financial fate in good hands?
Extract from this telling article by Reform Party chief, Kenneth Jeyaretnum. “Temasek’s results were announced on 9 July and they were not a pretty picture. While the Board claimed a 1.5% return for the year to 31 March 2019 this was only after translation into depreciating Singapore dollars. In US$ terms the portfolio...
Will mountain of US$26 trillion Chinese debt come crashing down on Temasek?
Phillip Ang * The author blogs at LikeDatOsoCanMeh. Read More →
Irresponsible that the PAP government allowed strategic Hyflux to fall into the hands of foreigners
Hyflux and its creditors can finally heave a sigh of relief. Under a deal with Utico (a utility company from the United Arab Emirates), Hyflux will give up an 88% stake to the latter in exchange for S$585 million. This would give it a much needed financial lifeline that will enable it to continue its operations. Tuaspring is...
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