Hyflux Saga – Role & Responsibility of PUB, EMA, SP and MAS
First of all, the board of management of Hyflux has to bear the most responsibility in creating such a big mess.They have made a lot of assumptions when they bid for the tender to build and operate the desalination plant. For every assumptions made, there will always be risk involved that such assumptions may not hold at all....
PUB should take over the Tuaspring integrated plant and the debt for $0
I have been following Hyflux closely, so I know some of the facts. I hope that my comment below is accurate, constructive and helpful. Hyflux spent more than $1 billion to build the integrated complex. It is funded by shareholder's capital and a loan from Maybank. (I have asked a knowledgeable person to check the facts for me). PUB...
Temasek ‘investing’ = Sitting on multi-billion dollar StandChart losses after 13 years?
Temasek made headlines in 2006 when it paid BP2.3 billion for a 12% stake in Standard Chartered Plc at about BP15 per share. In the subsequent 2 years, its stakes were raised to more than 19% because Temasek “saw value in the stock amid weakness in global stock markets“. By January 2008, Temasek’s stake had increased 268.2...
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