Record payout for SIA CEO Goh a slap in the face for shareholders
Goh Choon Phong, a former SIA scholar, has helmed SIA since 2011. His performance is laughable, if not for the billions investors, including Temasek, have lost. Goh is no different from other former scholars who were parachuted into GLCs, eg, Ng Yat Chung, Desmond Kuek, etc. Already grossly overpaid for flying SIA nowhere in...
MAS’s $30.8b loss
MAS made a staggering loss of S$30.8b in 22/23 due mainly to (a) S$21.4b translation loss of foreign assets which are primarily the foreign reserves, and (b) S$9b which is the carrying cost of the foreign reserves. There are those who understand it is the price MAS has to pay to stay the course to minimise the import of foreign...
Paranoia over security protocols
Singapore businesses are too paranoid about security. They overdo their security protocols. They create unnecessary steps. They make life difficult for their customers and the public. The overloaded protocols also caused the platforms to behave erratically and to crash regularly. This has happened to our banks, commercial organizations...
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