Billion-dollar ‘Wealth Added’ bonus introduced 1 year after Ho Ching joined Temasek
Ho Ching, spouse of PM Lee, became Temasek’s Executive Director in 2002. In 2003, Temasek introduced ‘Wealth Added’ (WA) bonus' (TR 2018) to increase the quantum of bonuses for senior management, amounting to billions since 2003. According to Temasek’s computation – without disclosing all assets – ‘WA’ was...
Grab’s Monopoly Is Proving Why Monopoly Hurts!
I personally subscribe to Singapore TDVL/PDVL Drivers Club (TPDC) group on Facebook to understand them better. Just after the merger of Grab-Uber, I am starting to see a new trend. Both drivers and riders complaining frequently against Grab. There are a few things they usually complain about. Firstly, they said the Grab's investigation...
The implications of Temasek Holding’s Declaration that is it not a SWF
Amidst all the criticisms mismanagement by taking bets in risky investments and issuing bonds, Temasek Holdings came up with a sponsored Facebook post to state that it is NOT a Sovereign Wealth Fund and manages "its own assets". This is a serious cause of concern because at any one point, the ruling party could just sell off...
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