Temasek ‘investing’ = Sitting on multi-billion dollar StandChart losses after 13 years?
Temasek made headlines in 2006 when it paid BP2.3 billion for a 12% stake in Standard Chartered Plc at about BP15 per share. In the subsequent 2 years, its stakes were raised to more than 19% because Temasek “saw value in the stock amid weakness in global stock markets“. By January 2008, Temasek’s stake had increased 268.2...
The Need of Idealists in Politics
Imagine if Idealist like Dr Sun Yat Sen was missing in history, there will be no Republic in China. In politics, there will always be lots of opportunists, hooligans, cheats, liars, illusionists, pragmatists, tyrants, dictators, corrupt leaders, great manipulators....etc... but few are idealists. When I read about Anwar's daughter...
Why VERS will work but it is still a bad idea
Why VERS will work Some time ago, my boyfriend and I were still debating if the government can implement VERS effectively. My boyfriend estimated VERS to cost the government at least a few billion dollars annually. He performed his estimates based on the assumption that the VERS payout is about a few hundred thousand dollars....
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