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Pan-El saga - A small problem that changed many things in S'pore

Because of Pan-El, regulation here changed, corporate governance stopped being a joke and senior people cooperated with each other.

The Monetary Authority of Singapore began to mature after Pan-El. After a "coup" several years before Pan-El, it became very aggressive towards bankers, via its Banking Supervision Department.

PAN-Electric Industries, the small but rather significant listed company in Singapore, was suspended from listing on Nov 19, 1985. Its significance drew from its connections and its involvement in "unusual" financial transactions - the forward share contracts that may, or may not, have been...

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