Temasek should disclose hundreds of million$/billion$ paid out in ‘Wealth Added’ bonus from Alibaba investment
Temasek’s FY2018 annual report disclosed in footnotes Wealth Added (WA) bonuses paid for a single investment: Alibaba. With a market value of US$6.7 billion in Q2, Alibaba is Temasek’s biggest US-listed investment. Temasek was reported to have made US$300 million after divesting 7.3 million shares in Q4 2014. Subsequently,...
PAP’s kung fu with tax payers’ money
PAP knows how to make yr money its money and make you grateful for it spending money on you. Those were my tots when I read Dr Paul Tambyah: [t]he PAP’s ability to mobilise state resources in other ways is “very, very difficult to try to go up against”, he says. “During my first clinic session after the election,...
Why did GIC conceal its cash position since FY2014?
GIC made ‘cash’ disappear by combining it with a different asset class. Former President KFC and current President Milo Gao/Kosong have pretended there are no issues despite such ‘funny’ business. (Image below posted on FB) Click to enlarge Any accountant care to enlighten? Phillip Ang * The author blogs at LikeDatOsoCanMeh. Read More →
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