TR EMERITUS

Many people in Singapore were disappointed that Temasek Holdings invested and wrote down US$275 million in its investment in FTX. There were surprised and shocked to learn, after the collapse, that FTX was run by a team of young, inexperienced people, and there were no proper governance, accounting and risk management practices... 

I refer to Madam Ho Ching's recent defence of Temasek's total write-down of its FTX investment loss of US$275 million or SGD 377 million and among other things that she mentioned, 'we can afford to be contrarian'. I have some thoughts. There is absolutely no doubt that Temasek has very deep pockets and that been the case, of... 

The main stream media as well as some blogs have started to become TEMASEK Apologists. They argued that nobody could possibly know the problems of FTX in advance or how crook and fraudulent those young punks were. They listed all the Big Names funds which were also caught in this "unfortunate" fraud and lost tons of money, over...