Lim Swee Say talks cock about less reliance on foreigners
When PAP ministers talk about having less reliance on foreign workers, they are basically talking cock. How is it possible to rely less on cheap foreign workers while maintaining high rental costs and a top heavy management? The fact is GLCs are the biggest employer of foreign workers and our foreign worker policy can’t change...
After the tiger(air) turned into a kitten, will Scoot turn into soot?
Never doubt PAP’s capability in destroying shareholder value whenever its ‘affiliates’ are appointed to top management in GLCs.. Never. Whether its land, sea or air transportation, PAP never ceases to amaze with the achievements of ‘talented’ scholars and ex paper generals. To complete the circle after privatising...
Implications of ANZ’s sale of its Asia Business to DBS
On 31 Oct 2016, ANZ released an announcement that it has decided to sell its Asia business in Singapore, Hong Kong, Taiwan and China to DBS, citing lack of compelling competitive position in the region. ANZ remains committed to growing its institutional business in these regions, but will be unloading all of its retail businesses...
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