No Government bailout for Hyflux investors—Masagos Zulkifli

Singapore—In Parliament on Monday, April 1, Environment and Water Resources Minister Masagos Zulkifli announced that taxpayers’ money cannot be used to make up for the losses of beleaguered water treatment company Hyflux. In other words, there will be no Government bailout for the debt-ridden firm or its subsidiary Tuaspring Pte Ltd (TPL). Mr Masagos said … Continue reading No Government bailout for Hyflux investors—Masagos Zulkifli