Worried for Boon Wan and the HDB
Since Boon Wan’s revelation that HDB was losing money for every flat it sold and the amount was a scandalous billion dollar annually, he has been questioned and ridiculed by many bloggers who simply could not believe in what he said. Some of the attacks were quite personal and very unpleasant. What is more worrisome are the...
The POSB Transaction Revisited
I shall begin with a little background. I recently wrote a comment about the creative accounting at Temasek Holdings drawing on two examples of under-valued acquisitions by Temasek-linked companies (TLCs). The comment itself was a topical response to an article by Christopher Balding. Christopher later cited my comment in his...
More PMETs retrenched
The majority of people losing jobs last year were PMETs, forming 54% of the 11,000 made redundant. The percentages for 2010 and 2011 were 35% and 42% respectively. The other interesting point is that the PMETs that were retrenched were getting younger, in the 20s, 30s and 40s, not necessarily the 50s or older. The dicey part...
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