SDP repeatedly warned about the UBS investment
The recent announcement that the GIC stood to lose in excess of $5.6 billion comes as no surprise. The Swiss bank had been plagued with problems and the SDP had warned on at least five separate occasions against the GIC investing in it. 1. As early as 2009, the SDP warned: “Either Dr Tony Tan (who was the GIC's executive director...
Public Order Act undermines freedom of expression and assembly
Maruah would like to express its concern with the amendment to the Public Order Act. We would like to emphasize the practicality of the new rules. Hong Lim Park is a public place. We believe that organizers do not have the authority to exclude anyone from the park, even if they wanted to. Are we arguably, being insincere in...
Ang Moh talent’s investment decision causes massive write-offs in SingPost
SingPost released its full-year results ended 31 March 2017 yesterday (12 May). It was announced that its net profit had dropped a whopping 87% from the previous FY's $249 million to $33 million. This is mainly due to impairment charges (i.e, write offs) of $185.0 million coming from its US-based subsidiary TradeGlobal. Impairment...
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