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Archive for the ‘Business’ Category
Hyflux fiasco shows why ‘book value’ is BS

Hyflux fiasco shows why ‘book value’ is BS

And why audited accounts are juz another genre of fiction: science fiction is closer to reality. I tot these tots when I read Hyflux’s response to a question from Securities Investors Association of S’pore (SIAS) which read: On what basis was Tuaspring being valued at SGD1.4 billion? This has proven to be overstated by at... 

Did Hyflux’s auditors mislead?

Did Hyflux’s auditors mislead?

Further to A really curious incident,where I criticised SIAS for not KPKBing early, here’s one criticism it got right, though why didn’t it raise this earlier, much earlier? “On Mar 22 2018, KPMG provided a clean a clean audit report for Hyflux Group for the financial year 2017. On May 22 2018, Hyflux Limited and a... 

Troubles at SingPost is symptomatic of the problems in Singapore society

Troubles at SingPost is symptomatic of the problems in Singapore society

I grew up in an era where the expectation was that it took only a day (or at the very most 2) for local letters to be delivered. Sadly that is not the situation any longer and I have noticed that it is quite normal these days for letters to be delivered up to a week or even 10 days after the date on the postmark! It has already... 



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