As I am somewhat anti-woke and pro-PAP, I find other PAP loyalists jumping to the defence of SPH CEO Ng Yat Chung. This is puzzling because Ng Yat Chung is not a politician. In fact, Min Shan has spoken somewhat against him. I will not describe the immense and consequential damage that was just inflicted on SPH shareholders as this is well documented by many bloggers. In fact, I will try to figure out why so much damage control was done over a few words of someone who is a non-politician. All I can say is that my ERM students were burned by SPH's foray in Orange Valley in the past and buying SPH counts as one of the poorest investment decisions we have ever made during the life of the entire program, second only to the disastrous position in Eagle Hospitality Trust for one batch of students....