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Archive for the ‘Opinions’ Category
Hit by $7.3b loss, Temasek turns out the light on its financial statements

Hit by $7.3b loss, Temasek turns out the light on its financial statements

Santiago Principles is the generally accepted principles and practices (GAPP) that relate to the operation of sovereign wealth funds. Temasek has always boasted it maintains standards higher than Santiago. Well, it cannot say that anymore as far as financial statements are concerned. There is no audited statutory financial statements... 

The 2% Finder’s Fee

The 2% Finder’s Fee

About 40 years ago, Singapore was in a recession. I was running a large insurance company. The GM of a property developer X approached me. They had a large industrial property for sale. The offer price of $10 million (or thereabouts) was a big drop from the transacted price prior to the recession. The property was tenanted and... 

Is this a black operation?

Is this a black operation?

I thought it was an Agatha Christie novel that vividly displayed a sensational video showing the romantic rendezvous in intimate ambience of two Workers' Party senior party lovebirds Leon Perera and Nicole Seah which obviously brought them to the disastrious termination of their career. That this happened at the same time that... 



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