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GIC lost on NY property

Hulumas
Supreme
12-Jan-2010 12:15     
 
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Yells: "INVEST but not TRADE please!"
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 Alert Admin 		Singapore is an expensive is beautiful society perhaps! Ha. ha.. ha...

pharoah88      ( Date: 12-Jan-2010 12:09) Posted:

WHY?   The same ICE CREAM (in 1.5 litre box) selling at SINGAPORE Supermaket for S$5.00 is selling at JB Supermarket for RM5.00?

Is the transportation cost from JB to Singapore plus 7%GST equals to 110% of the INCREASE COST?

OR Are the Singapore RETAILERS CUTTING SINGAPOREANS' THROATS????

XIAO YA....

This TYPE and RATE of INFLATION can KILL every Singaporean consumer....

There are many more ITEMS....of same PRICING PHENOMENOM....

Severe Acute Inflation Syndrom [SAIS]????

CHECK them OUT for yourself....

 



Farmer      ( Date: 12-Jan-2010 11:53) Posted:



The old man said: "Kiang to ho, mai kay khiang" - being smart is enough, dun be overly smart. Thus, pay them appropriately, not too much until they can actually retired for good after a 2-3 years sting or for the case of our minister, 1-2 terms.

Have anyone wonder why our CPF's SA ceiling was raised last year from $106k to $117k an increase of >10%? Is Sg's inflation last year at 10%??
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pharoah88
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12-Jan-2010 12:09     
 
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WHY?   The same ICE CREAM (in 1.5 litre box) selling at SINGAPORE Supermaket for S$5.00 is selling at JB Supermarket for RM5.00?

Is the transportation cost from JB to Singapore plus 7%GST equals to 110% of the INCREASE COST?

OR Are the Singapore RETAILERS CUTTING SINGAPOREANS' THROATS????

XIAO YA....

This TYPE and RATE of INFLATION can KILL every Singaporean consumer....

There are many more ITEMS....of same PRICING PHENOMENOM....

Severe Acute Inflation Syndrom [SAIS]????

CHECK them OUT for yourself....

 



Farmer      ( Date: 12-Jan-2010 11:53) Posted:



The old man said: "Kiang to ho, mai kay khiang" - being smart is enough, dun be overly smart. Thus, pay them appropriately, not too much until they can actually retired for good after a 2-3 years sting or for the case of our minister, 1-2 terms.

Have anyone wonder why our CPF's SA ceiling was raised last year from $106k to $117k an increase of >10%? Is Sg's inflation last year at 10%??
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Farmer
Master
12-Jan-2010 11:53     
 
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The old man said: "Kiang to ho, mai kay khiang" - being smart is enough, dun be overly smart. Thus, pay them appropriately, not too much until they can actually retired for good after a 2-3 years sting or for the case of our minister, 1-2 terms.

Have anyone wonder why our CPF's SA ceiling was raised last year from $106k to $117k an increase of >10%? Is Sg's inflation last year at 10%??
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ozone2002
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12-Jan-2010 11:46     
 
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we're living in a society that promotes failure..

too big to fail... too smart to fail.. keke
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pharoah88
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12-Jan-2010 11:37     
 
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 Alert Admin 		HighEST SALARIES usually attract the WRONG TALENT who would LOSE MORE money.... because they are usually "KAY KHIANG" (TOO SMART to FAIL)....

nickyng      ( Date: 12-Jan-2010 09:50) Posted:

Mon, Jan 11, 2010
The Straits Times



By Robin Chan

THE Government of Singapore Investment Corporation (GIC) has confirmed that it incurred losses from an investment in a prime New York property project after the American owners defaulted on a debt payment at the weekend.

GIC is believed to have written off over US$575 million (S$798 million) and it confirmed to The Straits Times that it 'recognised the losses' on its investment last year in Manhattan's Stuyvesant Town and Peter Cooper Village, two enormous housing apartment blocks bought for US$5.4 billion.

GIC did not reveal the exact losses it incurred.
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Hulumas
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12-Jan-2010 11:16     
 
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Yells: "INVEST but not TRADE please!"
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 Alert Admin 		My prediction is nothing considering any fear of investing! Ha. ha.. ha... So your rule no:1 is wrongly applied.

ozone2002      ( Date: 12-Jan-2010 11:10) Posted:

rule no 1 to making big bucks : be greedy when others are fearful...
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ozone2002
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12-Jan-2010 11:10     
 
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 Alert Admin 		rule no 1 to making big bucks : be greedy when others are fearful...
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Hulumas
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12-Jan-2010 11:07     
 
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Yells: "INVEST but not TRADE please!"
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 Alert Admin 		Any US property not worth investing not untill after 2015 I suppose!

nickyng      ( Date: 12-Jan-2010 10:05) Posted:



well...i always like to take it as :

 

1)there goes my GST credits! i could hv been distributed more ! :P

2)there goes my PUB utility subsidies !!! :D

 

...alas....no wonder our CPF  SA,MA,OA acct interest rate hv to be slowly peg to floating bond rates..... :(
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nickyng
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12-Jan-2010 10:05     
 
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well...i always like to take it as :

 

1)there goes my GST credits! i could hv been distributed more ! :P

2)there goes my PUB utility subsidies !!! :D

 

...alas....no wonder our CPF  SA,MA,OA acct interest rate hv to be slowly peg to floating bond rates..... :(
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ozone2002
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12-Jan-2010 10:05     
 
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 Alert Admin 		contribute more CPF!.. oh yeah!
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AK_Francis
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12-Jan-2010 09:57     
 
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Yells: "Happy go lucky, cheers."
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 Alert Admin 		Ha ha, not too good news over d new yr. Hope it will recover d loses thro other revenues loh. Tomorrow could be another good day mah, cheers.
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hotokee
Veteran
12-Jan-2010 09:55     
 
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 Alert Admin 		Win big, lose big!!
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nickyng
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12-Jan-2010 09:50     
 
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Mon, Jan 11, 2010
The Straits Times



By Robin Chan

THE Government of Singapore Investment Corporation (GIC) has confirmed that it incurred losses from an investment in a prime New York property project after the American owners defaulted on a debt payment at the weekend.

GIC is believed to have written off over US$575 million (S$798 million) and it confirmed to The Straits Times that it 'recognised the losses' on its investment last year in Manhattan's Stuyvesant Town and Peter Cooper Village, two enormous housing apartment blocks bought for US$5.4 billion.

GIC did not reveal the exact losses it incurred.
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