Tony Tan confident in UBS’ long-term growth potential but GIC endedup losing US$4b of our reserves
In a ST report, it said that GIC is facing a loss in excess of USD4b (S$5.6b) on its investment in UBS Group nine years ago. GIC cut its losses in UBS after selling 93 million shares at 16.10 Swiss francs each on Monday (15 May).GIC invested into UBS in late 2007 at the height of the toxic bond crisis brewing in the world. At...
Public Order Act undermines freedom of expression and assembly
Maruah would like to express its concern with the amendment to the Public Order Act. We would like to emphasize the practicality of the new rules. Hong Lim Park is a public place. We believe that organizers do not have the authority to exclude anyone from the park, even if they wanted to. Are we arguably, being insincere in...
Navy men are professional and courageous fighters but outside of navy, they screw-up and quit?
As the Singapore Navy celebrated its 50th anniversary and commissioned a new warship, PM Lee paid tribute to the men and women in the navy. "We needed a strong maritime force to protect our sovereignty, defend us from seaborne threats, and keep trade – our lifeblood – flowing," he said. "So at Telok Ayer Basin on this day...
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