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...
Kiasu, Kiasi, Bo Chup — Singapore’s Withering Trinity of Maladies
Kiassu, kiassi and bo chup are quintessential Singapore lexicology. These are Hokkien dialect terms which Singaporeans of all races are familiar with. All three have negative connotations, and I am ahgast that some writers suggest these are cultural embodiments of Singaporeans. These Singapore local catch phrases or terms are...
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- PAP mandate strong on Losing Control
- PAP mandate strong on Losing Control
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