Magnifying the accountability of Temasek Holdings:an enormous transfer of wealth via public liability into privately held wealth.
Dearest editors, I am one of your regular reader and facebook fan of your page. Like may other younger generations of Singaporeans, I am greatly disillusioned over the authoritarian or rather kleptocracy governance of Singapore. Our ruling party has long been increasing their personal wealth and political power for its officials...
Singapore, Inc.: Just When You Thought it Couldn’t Get Any Worse
This past weekend, I had the pleasure of meeting with Kenneth Jeyaretnam, the Secretary General of the Reform Party, who wanted to better understand exactly what I was claiming about Singaporean public finances and the factual basis for such claims. A former banker and hedge fund manager, he has spent his professional life analyzing...
The Abysmal Singapore, Temasek, and GIC Balance Sheet
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...
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- Caoliangoh on Pakistan to nuke Israel if…
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- unprovoked aggression on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
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