
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...

Why was an unlicensed platform allowed to market their platform to Singapore residents?
MAS said that FTX is not licensed to operate in Singapore. Someone told me that 40,000 Singaporeans have opened an account with FTX and that the amount deposited in FTX exceeded $1 billion. I have not been able to verify these figures. If FTX is not licensed to operate in Singapore, it would be illegal for them to market their...

The EU is going to implement CBAM
“Lao Lan, we have a problem.” Without looking up from his mobile, Lao Lan mutters, “What?” “The EU is going to implement CBAM.” Lao Lan doesn’t seem interested, “Is it some kind of continental ballistic missile?” KY rolls his eyes, “No, you idiot! It’s Carbon Border Adjustment Mechanism.” “Carbon what!?” KY...
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