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TR EMERITUS

Untold Hard Truths From Around The World

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Archive for the ‘Business’ Category

Will mountain of US$26 trillion Chinese debt come crashing down on Temasek?

Phillip Ang * The author blogs at LikeDatOsoCanMeh. Read More →

Irresponsible that the PAP government allowed strategic Hyflux to fall into the hands of foreigners

Hyflux and its creditors can finally heave a sigh of relief. Under a deal with Utico (a utility company from the United Arab Emirates), Hyflux will give up an 88% stake to the latter in exchange for S$585 million. This would give it a much needed financial lifeline that will enable it to continue its operations. Tuaspring is...

The secret of Ho Ching’s salary

Ho Ching, wife of PM Lee, was appointed as CEO of Temasek Holdings, the state sovereign fund, in 2004. Her salary as CEO has been a secret for 15 years. It has never been published. Most people assumed that she must have been drawing a very high salary. Some even speculated in the tens or hundreds of millions a year. They draw...

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