Will our BIG Ms follow CITI CEO’s example to take a salary of $ 1?
By Eugene Yeo The PAP leaders had always proclaimed themselves as "financial gurus" comparable to the likes of Warren Buffett and George Soros in Wall Street deserving of the highest salaries pegged at market rates. Singaporeans have been told again and again that we have to pay them salaries commensurating with their "capabilities"...
Clamp down on internet will breed more adversarial netizens
By Fang Zhi Yuan Judging from recent remarks made by PAP MPs in Parliament and veiled warnings given by the police through the media, it appears that the establishment is feeling riled and uncomfortable by the apparent rising anti-establishment sentiment on the internet. Internet chatter lampooning and ridiculing government...
More accountability and transparency needed in management of Singapore’s Sovereign Wealth Funds
By Fang Zhi Yuan, Senior writer In a recent interview with Bloomberg Television (read article here), Singapore's Finance Minister Tharman Shanmugaratnam revealed that Singapore’s state-owned funds invested about $24 billion in UBS, Citigroup and Merrill Lynch in the past 14 months. Bank losses worldwide from U.S.-originated...
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