SDP repeatedly warned about the UBS investment
The recent announcement that the GIC stood to lose in excess of $5.6 billion comes as no surprise. The Swiss bank had been plagued with problems and the SDP had warned on at least five separate occasions against the GIC investing in it. 1. As early as 2009, the SDP warned: “Either Dr Tony Tan (who was the GIC's executive director...
Ang Moh talent’s investment decision causes massive write-offs in SingPost
SingPost released its full-year results ended 31 March 2017 yesterday (12 May). It was announced that its net profit had dropped a whopping 87% from the previous FY's $249 million to $33 million. This is mainly due to impairment charges (i.e, write offs) of $185.0 million coming from its US-based subsidiary TradeGlobal. Impairment...
Joint Statement in support of Dr Tan Cheng Bock’s challenge of the Constitutional change to enforce Reserved Elected Presidency
Dr Tan Cheng Bock Lim Tean, Tan Kin Lian, Syafarin Sarif and I had started the initiative to publish a Non-Partisan Joint Statement in support of Dr Tan Cheng Bock's challenge of the Constitutional change to enforce Reserved Elected Presidency based on dubious grounds. [LINK We wanted a Non-Partisan Joint Statement basically...
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