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TR EMERITUS

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Archive for the ‘Business’ Category

‘Temasek’ and ‘GIC’ unable to prevent Hyflux from seeking court protection?

Although Temasek may not have any interest in Hyflux, it is a government-linked company. On Hyflux’s board are former paper colonel Gay Chee Cheong and Lau Wing Tat, former GIC senior management executive. Gay is also a director of Heliconia Capital Management Pte Ltd, a Temasek subsidiary. In 2010 when Gay bought 8...

HoHoHo: Time for StanChart’s CEO to go?

Another one for the repair shop is UK-listed Standard Chartered. After damaging revelations about the bank breaching US-led sanctions against doing business with Iran, it had already paid a $667m fine to avoid criminal charges in 2012. This week another $1.5bn in fines from US authorities was highlighted after allegations that...

HoHoHo: StanChart’s CEO is worse than our paper generals

Singaporeans have few good things to say about our paper generals and scholars: think SPH’s CEO and ex-SMRT’s CEO. Well StanChart’s CEO, a true blue ang moh life long banker, makes these guys look good. When Bill Winters became the Messiah CEO of StanChart in June 2015, the bank’s shares were around £10. Now they...

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