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...
ST report: Halimah’s father an Indian Muslim
In 2013, when Halimah Yacob was selected to be the new Speaker of Parliament after the former one, Michael Palmer, resigned from politics due to his marital affair with a PA woman, ST wrote an article to feature Halimah ('A strong advocate for workers, women and minorities', Jan 2013): Mdm Halimah Yacob In the article, it was...
Parliamentary Chair for Transport MP Sitoh supports PAP Govt’s decision to raise ARF for bikes
Click to enlarge Last month in Parliament (1 Mar), MP Sitoh Yih Pin in support of the PAP Govt’s raising of the ARF fee for higher-end motorcycles said: “The rising number of motorcyclists buying expensive motorcycles is pushing up the overall costs of all motorcycles. The rising trend of COE prices for motorcycles bear...
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