Creative accounting at play in Temasek Holdings
For anyone who refuses to accept that creative accounting is at play in Temasek Holdings, I offer the following two examples. But I assure they are not the only examples: Example One – DBS Press Release 24 July 1998 The Government has accepted DBS Bank’s proposal to purchase all the assets and liabilities of POSBank except...
Lynn Lee: Still waiting for answers from IAO
In January this year, I interviewed former SMRT bus drivers, He Jun Ling, Gao Yueqiang, Wang Xian Jie and Liu Xiang Ying. They were said to be key instigators of Singapore’s first strike in 26 years and as a documentary filmmaker and journalist, I was eager to find out their stories. A fifth driver, Bao Fengshan was by then,...
Rebutting Christopher Balding – Why Temasek can have 17% return
Professor Balding in his website has published 3 graphs showing the returns of Temasek since it was started in 1975. They showed that the returns of TH since then have been very high compared to market benchmarks and the performance of various shares owned by TH, such as SIA, NOL and others. These graphs have since appeared...
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