How much of ANT will Singapore Inc own?
Ant, the fintech controlled by Alibaba’s billionaire founder Jack Ma, will sell shares in a dual listing in Shanghai and HK. The sale, roughly 3.34bn shares, which account for 11% of Ant’s total outstanding stock, will fetch US$34.4bn. The Shanghai portion is worth Rmb114.9bn (US$17.2bn) or about half the total. GIC is subscribing...
Employers face problem with Work from Home
Many workers prefer to work from home (WFH). They do not have to spend time commuting to office. They have more freedom. But WFH comes at a cost to the employer. It can be a heavy cost. The employer has to make sure that the workers are productive. They have to earn enough revenue to keep the business viable. The employer cannot...
AGC Adds Insult To Injury On Liyani’s Case
I refer to this article on TNP. Basically, after Ms Parti Liyani's wrong conviction (that was eventually overturned), resulted in 4 years worth of loss in income, huge monetary expenses from the pro-bono lawyers and humanitarian groups that helped her, (not to mention their own personal sacrifices). But despite her losses, she...
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