Month: January 2008

Thinkall on the issue of leverage, banking, Singapore’s SWF, and the subprime crisis

24 Jan 08 The business of banking is a very simple business; the only difficulty is the myriad devices developed for existing and contingent liabilities. The whole business survives on credit and financial reputation. We currently own a whole host of banking entities not truly understanding that collective liabilities amassed are nothing short of one […]

Thinkall: PAP will fall with SWFs books

23 Jan 08 The whole notion that the Government is not in control of the degree of investment and principles that delimit the investment quantum is simply ridiculous. The whole notion of separation of SWF’s responsibilities from State Governance is simply unacceptable. Is the state merely an investor? Do the monies belong to the state? […]

Singapore Democrats: Singaporeans Participated in International Human Rights Torch Relay

Singaporeans Participated in International Human Rights Torch Relay Singapore Democrats 21 Jan 08 For the first time in Singaporean history, a human rights torch had come on shore, so declared human rights lawyer Mr M. Ravi, the president of the Singapore chapter of the Coalition to Investigate the Persecution of Falun Gong (CIPFG). On Saturday, […]

Discount ads on taxis illegal, says LTA

The Land Transport Authority (LTA) has said that discount ads on taxis are illegal. This follows a recent report of TransCab taxi driver Mr A.L. Tan displaying a sign on his windscreen announcing his waiver of the 35 per cent surcharge for peak-hour rides. Cabbies complain that passengers are disappearing during morning and evening rush […]