
The Transitive Property and the Problem of Singapore Finances
Dr Christopher Balding The transitive property in the study of logic defines how truths relate to each other. The simplest example is if A = B and B = C then by definition A must equal C. Taking a simple example, let’s assume that my friend tells me all cars are blue and that he has a car. By extension I can know that my...

Is CPF an extortionate hedge fund?
The important thing about Singaporean public finances and sovereign wealth funds that even most Singaporeans fail to grasp is their absolute centrality to most any economic and even many social issues. You simply cannot discuss most any major issue in Singapore today without weighing the importance of Temasek, GIC, and Singaporean...

The POSB Transaction Revisited
I shall begin with a little background. I recently wrote a comment about the creative accounting at Temasek Holdings drawing on two examples of under-valued acquisitions by Temasek-linked companies (TLCs). The comment itself was a topical response to an article by Christopher Balding. Christopher later cited my comment in his...
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