GIC suffers 60% loss as it invests in Vietnamese taxi company during a time when ride-hailing apps are on the rise
According to an article in the Tiền Phong newspaper, Singapore’s Government Investment Corporation (GIC) had realised a 60% loss over 4 years after it sold 5.4 million shares in Vietnamese taxi operator Vinasun. The taxi operator was operating a fleet of 5,000 taxis and was mainly concentrated in Ho Chi Minh City, where...
Malaysians enjoy sponsored World Cup, Singaporeans sponsor Trump-Kim summit
Singaporeans cannot be faulted for casting envious glances at our neighbours and wondering what on earth is happening. They threw out their government after 61 years and suddenly national pride has shot up and euphoria is running high. To add to their joy, Finance Minister Lim Guan Eng announced to Malaysians that they will...
What happens after PAP?
Many Singaporeans are wondering what will happen after PAP falls. Like Malaysia, the new government will need to rebuild our foundation which has been corrupted by greed and also remove all forms of legalized corruption. Transparency and accountability will be buzzwords. The bad news is it will take a much longer time than the...
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