How robust is Temasek’s way of valuing its unlisted assets?
The mainstream media has reported Temasek Holding's latest result. It's year-on-year returns was -9%, a reduction of S$24b from its market value of S$266b.10 year rolling, the total Shareholder Returns is at 6%. The year on year loss was half of what I expected. How come? The clue is given by Temasek saying the decrease reflects...
Why didn’t the Committee of Inquiry into the 2011 MRT debacle pick defects up?
The nexus of Government and GLCs, and the culture of opaqueness inherent in PAP is pried open liked a can of sardines by truly enterprising, free spirited investigative reporters that apparently used a drone camera to track the movement of the defective trains. Go suck eggs Straits Times, shame on you that Singaporeans had to...
The case for Minimum Wage
The late LKY had said that the reason why we don’t have minimum wage is that Economics 101 showed that if the market wont bear it, it will mean unemployment, his adage was that full employment is paramount. Not an unusual objective, e.g. one of the objectives of US Federal Reserve is to sustain a high level of employment. A...
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