Hyflux: Good Friday cruxification
Christ and the two thieves were not the ones crucified yesterday. Yesterday (yes on a public holiday), Hyflux said that MayBank had decided to appoint receivers and managers over the assets of Tuaspring, except for the desalination plant and shared infrastructure, and not to extend an agreement whereby it would not enforce its...
How does T5 airport cost tens of billions?
Changi Airport averaged a little over 5.46 million passengers and 32,000 flights per month in 2018. Before Jewel, it had an annual passenger handling load of 82m which has now been expanded to 85m so running at around 65.5m or 77% capacity. Although as most of us can attest it seems pretty empty most of the time when we are...
Financial management in Singapore is worrying
So, Malaysia and China are going to build 648k of a rail link connecting Port Klang across the country and up the east coast to Kota Bahru. It’s an important part of the Belt and Road Initiative and will cots RM44 Billion (SGD$14.4B) after a budget renegotiation. By contrast, the Singapore Malaysia High-speed rail link is...
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