LATEST from Hong Lim Park: Over 500 disgruntled investors turn up to protest against MAS’s inaction
Article and photos by Eugene Yeo and Cheng Siew Peng on site from Hong Lim Park, 6.15pm [youtube=http://www.youtube.com/watch?v=BNSTHTs-wRw&hl=en&fs=1] Mr Tan Kin Lian preparing for his speech. The 15 minutes speech will be uploaded in 3 parts on our blog in the next few hours In spite of the latest offer by 3 banks...
Who are the real winners and losers of the Lehman minibond fiasco ?
By Fang Zhi Yuan In spite of my initial misgivings of the government's handling of the Lehman minibond fiasco, I must applaud them for bringing about a faster than expected closure with the latest announcement by Hong Leong Finance, Maybank and DBS to compensate "vulnerable" buyers for their losses. If the outcome was expected,...
Comparison of how MAS and HKMA are handling the complaints of Lehman investors
By Fang Zhi Yuan In parliament yesterday, Deputy Trade and Industry Minister Mr Lim Hng Kiang claimed that MAS is already doing everything that it can for the affected minibond investors. "It is fully understandable he said, that investors are anxious but the process must be allowed to take its course as rushing into a "fire-sale"...
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