SIBOR up 25%, but property market is hot?
SIBOR up 25% The three-month Singapore Interbank Offered Rate (Sibor) – the benchmark rate for most residential property loans here – has risen from 0.969 per cent on Jan 3, to 1.212 per cent as of the middle of this month. It is expected to go up further, in line with the Fed interest rate hikes next year. But property...
Keppel Corp’s ‘good governance’ includes concealing information from shareholders?
As the PAP continues to prevent further embarrassment to its elites, governance at Keppel Corporation has now turned into a joke. On 30 December, KepCorp’s O & M unit reported that 17 current and former employees have been sanctioned over the Brazil bribery case. [ CNA ] Or perhaps fewer employees were engaged in criminal...
Singapore’s government embroiled in domestic crisis management
Photo: East Asia Forum 2017 was a horrible year for Singapore’s government — and for Prime Minister Lee Hsien Loong in particular. It began with an open and vocal stoush with China. Late in 2016 the Chinese government confiscated millions of dollars’ worth of Singapore’s military hardware passing through the port of...
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