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Daily Archives: 2019-04-19

SM Investments to sue Hyflux over “repudiatory breach of agreement”

SM Investments (SMI), the Singapore unit of Hyflux’s debt consortium Salim-Medco and the water treatment firm’s former white knight, has announced its intention to sue the company for terminating their bailout agreement. The Straits Times reported SMI as saying on Fri (19 Apr) that it did not accept Hyflux’s “purported termination” of the rescue deal on 4 Apr. Instead, it …

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ST Forumer: Shouldn’t you be proud of what Singapore has achieved?

A member of the public, Calvin Sim Pheng Hoe, wrote to ST Forum today lamenting that the Singapore spirit has gone missing these days in Singapore (‘Singapore spirit has gone missing‘, 19 Apr). “I have been observing that over the past few years, Singaporeans’ pride in the Republic has been diminishing,” he said. He blamed this on the “rise of …

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