Keppel Bribery Scandal – political motivation?
1. This article in the Mothership website provide an interesting and colorful background on the Keppel bribery scandal. 2. Many multinational companies were involved in the Car Wash operation. KOM (Keppel Offshore Marine) was only one of them. It appeared to be a common practice to provide "bribes" to get contracts in Brazil. 3....
HDB screwing up big time right in PM Lee’s GRC
The AMK SERS site was just adjacent to where I stay. Coffeeshop talk at BLK 555 is really interesting. I can't imagine how PAP HDB screws up so big time right in PM Lee's GRC! It's such a straight forward issue to me but they complicated the matters until blood boiling all over. In Chinese, there is a saying: 大事化小，小事化无 Big...
Losses suffered by Hyflux
1. Someone said that Hyflux incurred large losses on their overseas projects on on underquoting for the supply of water in the Tuaspring project. 2. Hyflux invested in the following overseas project Tianjin Dagang Newspring - loan of $121 million taken from a China bank Oman Quarayyat IWP - $250 m project awarded to Hyflax Hydrochem...
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