Complicated arrangement between LTA and SMRT
According to this news report, the SMRT will be spending $900 million for the maintenance and repair of the MRT system. Part of the cost will be borne by the Government, through the Land Transport Authority (LTA). http://www.channelnewsasia.com/stories/singaporelocalnews/view/1197159/1/.html This seemed to be a complicated...
Is Madoff In The House?
Poor Christopher Balding is asking all the right questions, but the answers won't be forthcoming. With the passing of Dr Toh Chin Chye, only one surviving member of the old guard can unlock the secret. We can't be too sure if dad will allow sonny to have the keys to the car. "To be clear there is no public record of expenditures...
Comparing Temasek’s Performance in Two Pictures
I have gotten emails asking if I can simplify some of the points I have been trying to make, so I have decided to try putting up pictures that capture some of these points. Hopefully, a picture will be worth a thousand words. The first figure is a comparison of the FTSE Strait Times Index and the MSCI Singapore equity...
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