On Heng raiding our reserves
Further to my post that Heng is blowing tens of billions of our reserves to save Big Business, rather than to save jobs (link below), here is another example. “Overall the group's (ST Engineering) net profit edged down 4.4 per cent to S$257.4 million, compared to S$269.3 million a year ago. The full extent of the impact was,...
Coping with economic headwinds
I am really worried for the future of Singapore. Our past business model is to provide services to the world. We were heavily reliant on global trade, logistics, international travel, tourism, financial services and casino. All of these industries were badly hit by the trade war between America and China and now by the covid-19...
Not Competitive At All
One of the highlights of my working life in corporate insolvency came from a meeting which involved one of Singapore’s foremost insolvency and restructuring practitioners. I was part of a team bidding for a case that was being held up in the American courts and my employer felt that it was necessary to rope in a “brand”...
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