Archive for the ‘Opinion’ Category
Is Goh Keng Swee truly the hero of Singapore’s success?
The recent demise of Goh Keng Swee, widely regarded as the brains behind the success of Singapore’s economic success has left the propaganda mouthpiece of PAP, The Straits Times working overtime in sprouting numerous publications of his glorified contributions to Singapore. Nevertheless, two fundamental questions are left...
GIC converts UBS notes, faces $5 bln paper loss
Singapore's biggest sovereign wealth fund, GIC, said it converted its UBS (UBSN.VX) notes into ordinary shares, suffering a paper loss of about $5 billion. The Government of Singapore Investment Corp [GIC.UL] had invested 11 billion Swiss francs ($10.22 billion) in mandatory convertible notes in UBS to support the Swiss bank...
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