Top line is Vanity – bottom line is Sanity
The big news in the world of business is the collapse of the crypto currency exchange FTX. The collapse has wiped billions off the value of crypto currencies and investors have been sent scrambling for cover to lick their wounds. In Singapore, the collapse has been double compounded by the fact that Temasek Holdings, one of...
Malaysia GE Aftermath
The contest of GE has extended into the contest between PH and PN to garner support from other parties and alliances to form the next Gov. Purely from Game Theory perspective, PH should have a slight advantage over PN. The two major block of alliances that could decide who will form the next Gov are BN and Borneo block which...
Temasek’s investment in FTX
Our sovereign wealth fund, Temasek, has written off it entire so called investment in FTX. The investment is now totally down the drain and the amount involved was reported to be US$275 million or S$376.7 million. Singaporeans must never forget that even though the S$376.7 million loss is ah gong's money and may represent less...
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