HDB’s $2 billion dollar deficit – More Questions than Answers
By Damon Yeo, Business Correspondent HDB’s latest financial report reviewed that the Statutory Board had made a $2bn deficit for the financial year running from 1 April 2008 to 31 March 2009. The deficit had doubled since the previous period. To fully understand the numbers behind HDB’s financial year, one must first understand...
Why You Do Not Need the H1N1 Flu Vaccine
By Low Wei Xiang, Social Correspondent It has been reported that the government will start selling the H1N1 vaccine – one million doses of it for our population of nearly five million - likely eliciting a rush to hospitals and clinics for those eager to be amoung the first to lay their hands on it. Should you be one of them? Instead...
OCBC Acquisition of ING Bank Unit – A risky deal in risky times
By Damon Yeo, Business Correspondent There are two sides to every coin. OCBC’s recent US$1.46billion acquisition of ING Bank’s Asian private banking (IAPB) business is one deal that will definitely split opinions in the financial market. There is little doubt that this deal had propelled OCBC from a fringe player in the...
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