Were senior executives paid millions in bonuses from Temasek’s $11.65 billion sale of 3 power stations in 2008?
These 3 power stations (table below) were constructed using mostly CPF funds. But shortly after their transfer to Temasek at undisclosed prices, they were all sold to foreign companies. If they had been transferred at rock-bottom prices – similar to POSB – Temasek could have credited senior executives for the massive...
Hyflux Saga – Who killed Hyflux?
The Answer is pretty obvious - Government Agencies PUB, SP and EMA Long and short of it, Hyflux made the terrible mistake of stepping into the minefield of competitive supplier market vs Monopoly buyers in both Electricity and Water industry. What makes it worse is that EMA controlled and manipulated its monopolistic power over...
The Big Lie in Singapore
According to Mr Heng a front-runner for the top job: Singapore is not ready for a prime minister who is an ethnic minority. This was a reply given to a question that pointed out the popularity of Deputy PM Tharman Shanmugaratnam for the top post. The claim was that while younger Singaporeans were amenable to a minority candidate...
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