TP listens to person and lends $40M to his company
The Auditor-General’s Office (AGO) has just released its report for the Financial Year 2014/15 [Link]. It was submitted to President Tony Tan on 1 July 2015. In its report, AGO said it has found lapses in the Temasek Polytechnic (TP)’s evaluation of and approval for its investments in bonds. As at 31 March 2014, TP had invested...
7 businesses connected to ex-CCC Chairman struck off
The Admiralty CCC Chairman who was under investigation by the People's Association reportedly resigned from his post on Wednesday (15 Jul). Since then, the media have identified him as Tonic Oh Thai Nan. The Auditor-General's Office (AGO) recently reported that during its audit, it found irregularities in procurement and payment...
LG (NS) Ng may lose his job at NOL soon
NOL's Boss, Lieutenant-General (NS) Ng Yat Chung The Wall Street Journal (WSJ) reported yesterday ('Temasek Puts Neptune Orient Lines Up for Sale', 16 Jul) that Temasek Holdings has put its US$1.7 billion container-shipping company, Neptune Orient Lines (NOL), up for sale. "Heavily indebted, money-losing Neptune Orient...
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