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Temasick has lost it credible trust worthiness in naming a successor to take over as CEO
Singapore Pools became a wholly-owned subsidiary of the Tote Board, a statutory board under the Ministry of Finance.
On the long term basic. Temasick is just another invesment SWF organisation, showing it willing-ness to buy /sell on short term and lossing as much as S$58 billion or about 40% lost. Under her leadership role..it only can shown us how well she can take on such job and responsibilties on world stage.
I (teeth53) strongly recommended MOF should and with careful thought provide this oppportunty to Singapore Pool as Genting SP is part gaming, and part gambling company For the sake of all Singaporean this Pools can benefit and meet all objective of what MOF can delivery to singapore.
Singapore Pools was established in 1968 for the dual objective of combating illegal gambling operators and channeling gaming revenues for good causes.
Singapore Pools is a legal lottery operator incorporated by the Singapore Government in 1968 in a bid to curb the illegal gambling that was rampant in the 1960s. From 1 May 2004,
We aim to provide a legal avenue for betting in Singapore to counter illegal betting syndicates, and to devote surplus earnings towards worthy causes that serve the needs of the community.
Singapore Pools is a member of the World Lottery Association (WLA), an international body of lottery organisations and the Asia Pacific Lottery Association (APLA).
The WLA calls on game operators to conduct their business fairly and justly based on established industry norms; and to take their corporate citizenship seriously for channelling proceeds to the deserving in the community. At the same time, lottery and gaming organizations are encouraged to act responsibly on the issues of problem gambling and underage betting.
The Association also aspires to be a proactive force, meeting the needs of the lottery industry worldwide. Through international seminars, professionals from the gaming industry can better manage an increasingly complex environment by sharing ideas, experiences and solutions.
Singapore Pools became a wholly-owned subsidiary of the Tote Board, a statutory board under the Ministry of Finance.
On the long term basic. Temasick is just another invesment SWF organisation, showing it willing-ness to buy /sell on short term and lossing as much as S$58 billion or about 40% lost. Under her leadership role..it only can shown us how well she can take on such job and responsibilties on world stage.
I (teeth53) strongly recommended MOF should and with careful thought provide this oppportunty to Singapore Pool as Genting SP is part gaming, and part gambling company For the sake of all Singaporean this Pools can benefit and meet all objective of what MOF can delivery to singapore.
Singapore Pools was established in 1968 for the dual objective of combating illegal gambling operators and channeling gaming revenues for good causes.
Singapore Pools is a legal lottery operator incorporated by the Singapore Government in 1968 in a bid to curb the illegal gambling that was rampant in the 1960s. From 1 May 2004,
We aim to provide a legal avenue for betting in Singapore to counter illegal betting syndicates, and to devote surplus earnings towards worthy causes that serve the needs of the community.
Singapore Pools is a member of the World Lottery Association (WLA), an international body of lottery organisations and the Asia Pacific Lottery Association (APLA).
The WLA calls on game operators to conduct their business fairly and justly based on established industry norms; and to take their corporate citizenship seriously for channelling proceeds to the deserving in the community. At the same time, lottery and gaming organizations are encouraged to act responsibly on the issues of problem gambling and underage betting.
The Association also aspires to be a proactive force, meeting the needs of the lottery industry worldwide. Through international seminars, professionals from the gaming industry can better manage an increasingly complex environment by sharing ideas, experiences and solutions.
Somemore 1 2 to on d roll...said don't 1 such post and onbody to take over right on d news paper. Just can't imagine what further execuses can come out with...so make S'pore paper lost S$58 billion is nothing, like so affordable, MOF is very rich and not people's $$$, then what ?. Money is pluck from d air ? . Another army guy roll a few million with just a YES man. Full of black bird turn white and white also turn black bird.
So long as one listen...Money talk..Power politic. W/o people's working hard earning money and company keep pushing hard to MOVE ON to target and with full support, will Temasick have todate to enjoy such lost ?. "Ching Ho ching ho...Ya"
This is not a goodyear for goodyear about goodyear.
teeth53 ( Date: 25-Jul-2009 18:52) Posted:
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Dana around for a long time...new coming oni just a few years, so another 20years on d roll..Not a surprise at all. likely chossen one to take over is d new comer. Ching Ho, ching ho.
All about look for someone to task over / takeover...All rubbish. Money talk..Power politic.
Mark my word for another 20 years.
Hey bro, welcome back.
tchoonw ( Date: 25-Jul-2009 14:56) Posted:
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who is a saf scholar also...but only a 'yes' chap in temasick!
dcang84 ( Date: 22-Jul-2009 09:19) Posted:
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HoHoHo....Ching Ho, .Ching Ho..Ho Ching "wow piang Wei...Bo Swee lehh".
No goodyear liao, cling on power come 20years later. Watch my word
Like the oldman...Err...tink tink is more then 30 years liao. it is reserve.....come 20 years later
All about look for someone to task over / takeover...All rubbish. Money talk..Power politic.
Other then...Who would 1 2 b potiential CEO and get ready to b cut, paste and chop. Err..crop
Black is white and white is also black..the power behind the curtain..Mis.T..Boleh..Ya.
teeth53 ( Date: 21-Jul-2009 22:51) Posted:
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When the going get tough, the management is no where to be seen..
When the good times is back, the management are there to claim the credits..
The broom star made AK took 80 k less while retired, in 2006. Really big wok, but just use d... hit the head loh. D gov Investment Scheme, recommended by PWC in 2000 still exist. As far as d investment returns r -ve, be it the accrued gratuity or pension lump sum, would be shrinked, if retired or exit fr service in near term, esp those opted Dynamic Investment Scheme.
Recommendation, if above 50, opt for Stable scheme liao, not even Balance scheme.
Hulumas ( Date: 22-Jul-2009 19:33) Posted:
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It was supposed to be a Goodbuy., unfortunately, it turns out to be Goodbye
Cheers!
Cheers!
So the Green Lady Ho is back and I wonder how much more of our money she is going to evapourate !
As a hardworking citizen with experience and wisdom can't even get very small financial assistant (despite goverment vow to help) ?
Congratulations to both of them for their future bright career and strong endeavor.
ticklish8 ( Date: 21-Jul-2009 17:40) Posted:
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Short Olam down to 15X PE. It's a bubble stock.
The reason why Goodyear left.... according to Reuters...
SINGAPORE, July 22 (Reuters) - Singapore state investor
Temasek’s plan to bring in its first foreign CEO lies in
tatters as CEO-designate Chip Goodyear walked out less than six
months after he was named to the top post.
The departure of American Goodyear, a former BHP Billiton
head, is a setback for Temasek as it tries to present
a more international image, after its close government links
meant its investments in Southeast Asia and the West drew fire
from the public, regulators and lawmakers outside the
city-state.
His exit may not create a leadership vacuum, given CEO Ho
Ching, the wife of Singapore’s prime minister, and her
management team are still intact, and may continue to pursue an
investment strategy focused on emerging markets.
But as the company searches for a new CEO, top talent of
Goodyear’s calibre would be wary of moving to the hot seat
after his dramatic departure.
WHY DID GOODYEAR LEAVE?
Goodyear’s decision to leave likely was made after a board
meeting last week when he put in a list of proposals and
changes he wanted to make after taking the helm on Oct. 1,
sources with knowledge of the meeting told Reuters.
But the proposals ran into trouble with the board, the
sources said. It must have become clear to Goodyear then that
running a state-linked firm is a much bigger challenge than
running a privately-held company.
Goodyear was expected to diversify the portfolio, currently
loaded with banks, by moving more into commodities and energy.
He was also expected to improve risk management after Temasek
lost over $4 billion in Bank of America and Barclays
due to early exits. He was widely expected to make
management changes.
“With Goodyear widely expected to implement significant
changes to Temasek’s investment strategy, the failure in
reaching agreement between him and the board suggests that the
fund is not ready for a big shift in direction,” said Sherman
Chan, an economist at Moody’s.
Temasek declined to comment for this story and Goodyear was
not available to comment.
WILL IT HAVE ANY MATERIAL IMPACT ON TEMASEK?
His exit is not seen having any financial impact on Temasek
or on markets given he had still not assumed charge at the
company. Temasek owns large stakes in Singapore companies such
as DBS and Singapore Telecommunications .
Shares of both DBS and SingTel were unaffected by the news
and were either slightly higher or flat on Wednesday.
WILL TEMASEK’S STRATEGY CHANGE?
Goodyear’s leaving may slow the company’s drive toward
resources, which he would have spearheaded with his strong
mining experience at BHP.
Recently, Temasek took a 14 percent stake in Olam
International , which investors saw as a sign of the
firm’s move into commodities.
Temasek, with $84 billion of assets as of November, is
likely to continue to be aggressive in emerging markets,
notably in China, where it recently poured $600 million into
China Construction Bank and is in talks to start a
$1-$2 billion infrastructure fund.
A few months after Goodyear was named CEO-designate,
Temasek’s Ho stated the company was rebalancing its portfolio
towards emerging markets and Asia and cutting exposure to
developed markets.
Temasek is also likely to trim its exposure to financials
on concerns returns from the banking sector will be affected by
tighter regulation and curbs on excessive risk-taking.
“We believe Temasek’s broader strategy will continue in
line with the geographical allocation mix announced by Ms Ho in
May,” said Jit Soon Lim, a Nomura analyst.
With Ho at the helm, there will be continuity although
Temasek may need to address the issue of its sectoral
diversification given that it has a large 40 percent asset
allocation in financials, he said.
WHAT NOW FOR GOODYEAR?
It is unclear what he will do next, but at age 51 Goodyear
still has time on his side and could end up at a top position
in a global mining or energy firm. Goodyear is currently
believed to be on vacation.
(Additional reporting by George Chen in HONG KONG; Editing by
Neil Chatterjee and Muralikumar Anantharaman)
Unbelivable, what's wrong?
Another dismissal case was reported by Zaobao:
http://www.zaobao.com/sp/sp090722_005.shtml
乒总国青队总教练 徐向东遭开除 （2009-07-22） 早报导读 中国民委官员：少数民族政策是成功的 中国国家民族事务委员会副主任吴仕民说，中国少数民族政策实质是促进各民族团结、平等、和谐。 韶关：新疆员工自愿来工作 不存在剥削问题蔡逸儒：从高雄世运检视两岸关系淡马锡候任总裁突请辞 何晶继续留任总裁 ● 吴秀金乒总秘书长孙敏慎和技术经理黎仕汉在两个星期前以“不敬业”、“队伍管理不善”和“无法取得球员信任”为理由，决定提早与徐向东解约，并愿意补偿三个月的薪水。 亚青运才结束，连庆功宴都还没来得及办，我就接到这样的消息。我当了20多年教练，从来没有遇到这种情况，真叫人感到寒心。 ——徐向东
Temasek didn't have a Goodyear......so to speak
Cheers!
Cheers!
I think they have one senior manager that looks like Kim of NK.
some similarity with North Korea....
Just because last year and this year are not a good year ??
"Kaki Nun Pa Si Bo Siang Kang"
What a BIG JOKES....Ya..."Kaki nun pa si bo siang Ka" "Gua Ho Chu ho Liao" HoHoHo....Ching Ho...Ho Ching "wow piang Wei...Bo Swee lehh". Power talk..Power politic.
All about look for someone to task over / takeover...All rubbish. Oldman can resign, so is the house lady can somemore SAID..Said somemore big..BIG.