GIC into margarine? And teaming up with Jack Ma?
Jack Ma FT reported on Friday that on Thursday, KKR, the giant US buyout firm, and GIC were reportedly coming together to pursue a £6bn bid for Unilever’s spreads business which includes brands such as Flora and I Can’t Believe It’s Not Butter. “KKR and Unilever declined to comment. GIC didn’t respond to a request...
Grab’s success spells downhill for cabbies
A year ago, Mr Anothny Tan, founder and CEO of Grab, while celebrating his investor and global partner @Didi Chuxing‘s successes in China, told his staff, among other things that: “Didi’s success reinforces what I believed all along. That a team that lives and breathes the markets it operates in makes a difference. Because...
What Does It Mean To Singaporeans When Uncle Is Ruthless To Its Own Nephew
Li ShengWu Singaporeans are now relegated to third class in our own yard. PMETs are replaced or displaced, as many as 50,000 are now applying for private taxi licenses. Professional and very experienced PMETs driving taxis or private hire is now a norm, Singapore probably has the best educated taxi drivers in the world....
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