Analysing Temasek’s investment in another Chinese bank
Temasek has agreed to buy Goldman Sachs's shares in the Industrial and Commercial Bank of China (ICBC), the world's largest bank. It will buy US$2.3bn worth of ICBC shares, taking its stake to 1.3% in the bank. In an interview with Reuters at the end of March, Ho Ching's presumed successor-in-training, Temasek's head of portfolio...
More Democracy is the Solution Not Shock Therapy
Despite Prof. Lim’s undoubtedly good intentions, the solution to wage stagnation for Singaporeans is not some central planning directive taking us back to the Soviet era. It is Singapore’s lack of democracy that is holding us back. What we need now is thoroughgoing reform of Singapore’s political institutions so that they...
Letter to MP Alex Yam: Instead of defending foreign family, pls assist residents
Dear Mr Yam, Approximately 6-7 years ago, I bought a drumset and placed it in my STOREROOM, complete with acoustic foam. I padded my drumset’s kick drum with PILLOWS as well, and played an hour each day from 2-3PM. My FT neighbour upstairs complained to RC, TC and the police force that my drumming was “detrimental to the...
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