Another botched deal, another US$600m lost by SG Govt
The Peter Cooper Village and Stuyvesant Town apartment complex is seen from Waterside Plaza in 2006, the same year it was sold in a record-breaking real estate deal. ‘The govt of Singapore, well, they lost the most….over $600 million. It just went poof…. Tisman Speyer and BlackRock lost a lot of people a couple of billion...
Cabbie: If Govt changed, investors won’t run away
Recently I had occasion to take a taxi. During the 10-minute ride, I had an interesting conversation in Mandarin with the driver, who looked about 60. As everyone knows, taxi drivers are fonts of wisdom because they travel all over Singapore and "have seen everything". Soon into the ride, the conversation veered to politics....
MOM Employment Inspector: All in a day’s work
28 March 2013 At around lunchtime, I stepped into a Korean restaurant along Tanjong Pagar Road with a colleague. As we looked through the menu, we also “checked out” the servers in the restaurant. Were they locals? If they looked foreign, did they hold valid work passes? Food was obviously the last thing on our minds. Paying...
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