Why everybody got it wrong about the Reserves
This is the 2nd installment of my Eh, Goondu series. In her 24 Jun Facebook post, Ho Ching also touched on national reserves and past reserves. Just about everybody who has written or commented on national reserves, got it all wrong. President Ong Teng Cheong got it wrong. Ho Ching got it wrong. So did Kenneth Jeyaratnam, Leong...
MAS’s $30.8b loss
MAS made a staggering loss of S$30.8b in 22/23 due mainly to (a) S$21.4b translation loss of foreign assets which are primarily the foreign reserves, and (b) S$9b which is the carrying cost of the foreign reserves. There are those who understand it is the price MAS has to pay to stay the course to minimise the import of foreign...
MAS’s $30.8 billion loss goes un-noticed by IB followers
To za tobą, Michael (it’s behind you). MAS' losS of $30.8b is an internationally explosive news item but it does not catch Critical Spectator’s (CS) attention. Or is it because it has no propaganda value for PAP? Is there a reason to wait till Jul 3 to discuss Ridoutgate in Parliament at about same time 2 days later that...
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