Record payout for SIA CEO Goh a slap in the face for shareholders
Goh Choon Phong, a former SIA scholar, has helmed SIA since 2011. His performance is laughable, if not for the billions investors, including Temasek, have lost. Goh is no different from other former scholars who were parachuted into GLCs, eg, Ng Yat Chung, Desmond Kuek, etc. Already grossly overpaid for flying SIA nowhere in...
Let It Go
Managed to get a young man who I’ve been trying to guide along his path replace me in a meeting. I’ve been overcome with this strange emotion of satisfaction that after the second week on the job, he’s actually being allowed to do things without me and more importantly, he’s going to develop the confidence to it. As...
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...
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