Hyflux, the Singapore icon in the water desalination industry, went bankrupt in May 2018. Their financial problem was caused mainly because they signed a long term gas contract at fixed prices and the electricity market collapsed due to oversupply of gas.
If they were able to tide over this period, Hyflux would have been very profitable today.
This is just a personal opinion - not suitable for POFMA.
1 comment:
If you watch foreigners or PRS asked on talk shows or news channels to give talks, they also scared POFMA or lose their jobs, they normally give good reviews, especially if they are from NUS or government link entities. The worse ones are normally from third-world countries such as India.
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