TR EMERITUS

Last Thursday, we analyzed the Singapore balance sheets for 2009 and 2011 arriving at an implied valuation for GIC.  What really causes concern is that despite claims Temasek grew at 22% annually, Singapore Inc. managed only $30 billion SGD of net asset growth.  The growth in assets on the Singapore, Inc. balance sheet... 

Is it because it is living the proverbial wisdom of not outliving the third generation? Or is it a party that outlives itself? The PAP is looking more like an obsolete party working itself out of favour from a populace that once held it in high esteem and in awe. Within a brief period of a few years, the awe and confidence... 

TR Emeritus (TRE) earlier published an article ('NTUC FairPrice recruiting its staff from China instead of locally'), reporting that advertisements of NTUC FairPrice looking for retail assistants, cashiers, store keepers and skilled fish cutting workers were found being put up in Shenyang, China. TRE then wrote to NTUC asking...