Parliament to wayang on GLC Keppel record bribery scandal
On Monday, Singaporeans will be treated to a Keppel wayang in Parliament with ministers facilitating further cover up. [ Today ] How could it not be when all hear-no-evil, see-no-evil PAP MPs will continue to act stupid as if corrupt Keppel executives did not exist? The US$55 million was offered by a government-linked...
Keppel Offshore & Marine’s retired CEO earned millions in remuneration
Chow Yew Yuen Last week, news broke that Keppel Offshore & Marine was involved in a mega bribery case in Brazil. Some US$55 million (SGD$73.5 million) were reported to have been paid by a Keppel agent to Brazilian govt officials in order for Keppel to secure deals in Brazil. These "improper payments" were made over a period...
SIBOR up 25%, but property market is hot?
SIBOR up 25% The three-month Singapore Interbank Offered Rate (Sibor) – the benchmark rate for most residential property loans here – has risen from 0.969 per cent on Jan 3, to 1.212 per cent as of the middle of this month. It is expected to go up further, in line with the Fed interest rate hikes next year. But property...
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