Electricity Market
The Energy Market Authority made two major mistakes that will be costly to the economy over a long term. a) They created a massive over supply of capacity in the electricity generation market causing the wholesale electricity price to crash to a disastrous level. Some power generators, such as Hyflux, was destroyed due to the...
Trust the government with POFMA?
Last year Accounting and Corporate Regulatory Authority (ACRA) denied the registering of OSEA Pte Ltd, a company set up to provide editorial services to New Naratif on the loose grounds that their parent company had once received a grant from a Swiss charitable foundation, The Foundation Open Society Institute (FOSI), which...
HoHoHo: Time for Ho to take an aspirin?
In April last year that Bayer, aspirin-to-crop chemicals group, sold 3.6 per cent stake to Temasek for 3 billion euros at 96.77 euros per share. Now worth only 60-something euros a share: not even 65. Bayer faces problems over legal liabilities stemming from last year’s $63bn acquisition of Monsanto, which included weedkiller...
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