GIC rushing in after Temasek got taken to the cleaners
Second time lucky? S’pore Inc trying its luck (with our money) at the roulette wheel again? I’ll let the FT tell the tale: GIC, the sovereign wealth fund of Singapore, plans to buy a large minority stake in Irish telecoms group Eir, in a deal that is expected to value the former state monopoly provider at more than €3.3bn. And The...
Singapore government tells foreign companies that this isn’t their home. Don’t get too comfortable
It was reported that Ministry of Home Affairs issued some statement saying that it would “take steps to make clear that foreign entities should not fund, support, or influence events like Pink Dot“. As my friend puts it: “This article ( or maybe it’s the original MHA statment) is so unclear. So was the sponsorship...
Defence of Singapore cannot be outsourced?
Desmond Lee, the Senior Minister of State (Home Affairs) said this. This is like a changing of tune. First we have Lim Swee Say saying that we must nurture local talents which is something they had forgotten. Now we have Desmond Lee saying another thing they have forgotten, outsourcing defence of the country to foreigners. What...
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