Malaysia GE Aftermath
The contest of GE has extended into the contest between PH and PN to garner support from other parties and alliances to form the next Gov. Purely from Game Theory perspective, PH should have a slight advantage over PN. The two major block of alliances that could decide who will form the next Gov are BN and Borneo block which...
Temasek’s investment in FTX
Our sovereign wealth fund, Temasek, has written off it entire so called investment in FTX. The investment is now totally down the drain and the amount involved was reported to be US$275 million or S$376.7 million. Singaporeans must never forget that even though the S$376.7 million loss is ah gong's money and may represent less...
Chinese RMB as a reserve currency
This is how I see the Chinese RMB becoming a reserve currency: 1. China buys raw materials from other countries and pays in RMB. 2. The exporting country keeps the RMB and use it to pay for products from China. 3. The unused RMB can be kept with the Chinese banking system to earn an attractive interest rate. 4. The RMB can be...
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