Were senior executives paid millions in bonuses from Temasek’s $11.65 billion sale of 3 power stations in 2008?
These 3 power stations (table below) were constructed using mostly CPF funds. But shortly after their transfer to Temasek at undisclosed prices, they were all sold to foreign companies. If they had been transferred at rock-bottom prices – similar to POSB – Temasek could have credited senior executives for the massive...
Hyflux Saga – Who killed Hyflux?
The Answer is pretty obvious - Government Agencies PUB, SP and EMA Long and short of it, Hyflux made the terrible mistake of stepping into the minefield of competitive supplier market vs Monopoly buyers in both Electricity and Water industry. What makes it worse is that EMA controlled and manipulated its monopolistic power over...
Should the PAP take partial responsibility for Hyflux investors losses?
Now with the PUB's ultimatum hanging around Hyflux's neck and tightening, It looks like the chances of those many thousands of mom-and-pop retail investors savaging some of their investments in Hyflux is as good as gone. Although I accept that all investments carry risks, I also ask if the PAP government should at least be held...
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