Monthly Archives: October 2018

‘Temasek’ and ‘GIC’ unable to prevent Hyflux from seeking court protection?

Although Temasek may not have any interest in Hyflux, it is a government-linked company. On Hyflux’s board are former paper colonel Gay Chee Cheong and Lau Wing Tat, former GIC senior management executive. Gay is also a director of Heliconia Capital Management … Continue reading

Posted in POLITICS | Leave a comment

PAP depressed prices of older flats to stem CPF funds outflow from GIC

Singaporeans should take note that numerous policy tweaks are merely attempts to stem funds outflow from GIC. Funds outflow – redemptions in the case of Ponzis – will spell the death knell for GIC, ultimately leading to the spectacular collapse of … Continue reading

Posted in HOUSING, POLITICS | Leave a comment