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Big News! Temasek CEO Ho Ching Steps Down!

Err...thk n....way to go...as dust is about to settle...when she got new job. Be back after that.....

dcang84      ( Date: 15-Feb-2009 21:24) Posted: Teeth53, this subject must be very close to your heart. You're just about the only person left standing,..err I mean ranting. Way to go, man!! teeth53      ( Date: 15-Feb-2009 20:31) Posted: No doubt about it...She., Ms Ho Ching got a good heart....Minister for Culture and Social Affairs, for long term S'pore Prosperity. teeth53 thot so. For more info...Click below http://www.channelnewsasia.com/stories/analysis/view/407691/1/.html In politics, Ms Ho Ching won’t have that luxury. So what should she do? There is a ready and very important vacuum for her to fill in the help-for-the poor sector. Look at how many people are suffering from the economic fallout, and falling through the cracks. But the tragedy is that there are helping hands, many of them official, out there. Just last week, the Government said only one-third of the S$6.25 million in its ComCare Fund has been given out. That is a national shame in a small country which has demonstrated its ability and power to move mountains to get something done. Many don’t know help schemes like these exist; there is too much tight-fistedness by the people who hold the purse strings, and then there are people who are shy and reticent about seeking help. Someone has to unclog this bureaucratic mess. Ms Ho Ching fits the job to a T. Once that is done, she can look at the charity sector, especially the area of philanthrophy, which the Government has identified as a growth sector. That is her long-term role, that of a Mother of all Charities. A veteran journalist, P N Balji is now the director of the Asia Journalism Fellowship, a joint initiative by the Temasek Foundation and NTU.

 

Teeth53, this subject must be very close to your heart. You're just about the only person left standing,..err I mean ranting. Way to go, man!!

teeth53      ( Date: 15-Feb-2009 20:31) Posted: No doubt about it...She., Ms Ho Ching got a good heart....Minister for Culture and Social Affairs, for long term S'pore Prosperity. teeth53 thot so. For more info...Click below http://www.channelnewsasia.com/stories/analysis/view/407691/1/.html In politics, Ms Ho Ching won’t have that luxury. So what should she do? There is a ready and very important vacuum for her to fill in the help-for-the poor sector. Look at how many people are suffering from the economic fallout, and falling through the cracks. But the tragedy is that there are helping hands, many of them official, out there. Just last week, the Government said only one-third of the S$6.25 million in its ComCare Fund has been given out. That is a national shame in a small country which has demonstrated its ability and power to move mountains to get something done. Many don’t know help schemes like these exist; there is too much tight-fistedness by the people who hold the purse strings, and then there are people who are shy and reticent about seeking help. Someone has to unclog this bureaucratic mess. Ms Ho Ching fits the job to a T. Once that is done, she can look at the charity sector, especially the area of philanthrophy, which the Government has identified as a growth sector. That is her long-term role, that of a Mother of all Charities. A veteran journalist, P N Balji is now the director of the Asia Journalism Fellowship, a joint initiative by the Temasek Foundation and NTU.

 

No doubt about it...She., Ms Ho Ching got a good heart....Minister for Culture and Social Affairs, for long term S'pore Prosperity. teeth53 thot so. For more info...Click below

http://www.channelnewsasia.com/stories/analysis/view/407691/1/.html

In politics, Ms Ho Ching won’t have that luxury. So what should she do?

There is a ready and very important vacuum for her to fill in the help-for-the poor sector. Look at how many people are suffering from the economic fallout, and falling through the cracks.

But the tragedy is that there are helping hands, many of them official, out there. Just last week, the Government said only one-third of the S$6.25 million in its ComCare Fund has been given out. That is a national shame in a small country which has demonstrated its ability and power to move mountains to get something done.

Many don’t know help schemes like these exist; there is too much tight-fistedness by the people who hold the purse strings, and then there are people who are shy and reticent about seeking help.

Someone has to unclog this bureaucratic mess. Ms Ho Ching fits the job to a T. Once that is done, she can look at the charity sector, especially the area of philanthrophy, which the Government has identified as a growth sector.

That is her long-term role, that of a Mother of all Charities.

A veteran journalist, P N Balji is now the director of the Asia Journalism Fellowship, a joint initiative by the Temasek Foundation and NTU.

 

Some may not understand.. "There is an inexhaustible supply of bad management out there." and it will take time to probe, like in any court case, so lender will be very cautious in lending.....

Trust worthy one even paint world greatest picture..turn world greatest cheater to a tune of US$ 50 billion...Ya. 

Even govt wishes to help maybe taken for a ride.....

teeth53      ( Date: 13-Feb-2009 19:42) Posted: http://sg.news.yahoo.com/rtrs/20090212/tbs-business-us-distresseddebt-investing-7318940.html What expert has said... The current recession will last at least three years and possibly longer absent a revival in credit markets, according to investors who specialize in distressed debt and bankruptcy. "This is going to be a three- to four-year disaster," said Michael Psaros, managing partner at KPS Capital Partners, at a restructuring conference in New York. The United States is going through a "Great Recession," "We are going to invest an awful lot of money this year," Psaros said on Thursday. "There is an inexhaustible supply of bad management out there."

 

When Tamasick vested so many billions in so many angmo investment banks w/o really taking all the trouble to look at their real troubled, like Merrill Lynch pay themself.

All those few so called top, very well experience R really been mug by the Angmo (after all our system really teach us to be real honest), and a few totally under estimated this Sub-Prime and their housing crisis. Read & see what i mean.....

http://sg.news.yahoo.com/afp/20090212/tts-us-banking-justice-probe-company-mer-972e412.html

WASHINGTON (AFP) - - Merrill Lynch quietly paid out at least one million dollars bonus each to about 700 top executive even when the investment house was bleeding with losses last year, a probe has revealed.

 

One who can stay in posh hotel...1st class suite..know what...?. He or she whom best is to can put in some real time risk analysts managers and workers or supervisers into the factors and lay those ground work  and find out those real reasons can be ensure real companies is into real trouble....and not by doing a deal in paper in posh hotel.

teeth53      ( Date: 13-Feb-2009 21:05) Posted: By nature even those sitting on top most responsibilties like advisers, chairman and CEO must take fullly, the response on WHY it kept it mistake made, mistake after mistake.....and mis-judgement after mis-judge in cold storage and, needed junior minister, heavy weighted, senior minister to defend them as long term. More for commercial reason, then CEO is 1st to go what....rite..!!! teeth53      ( Date: 13-Feb-2009 20:53) Posted: When chairman, CEO and board do not have to answer, then % in risk is alway higher and greater in depth and when they must answer for it, then % in risk is alway lower and lesser in depth. Just like newly tobe appointed CEO for Tamasick....He will be very careful which each step he take to verture abroad and has to study throughtly, nor only it details and fine words, but also personnally go down to root, to fine out what really can work and why?. When public money is involve..., 9 out of ten, very usually...money business is badly need (monkey business, will want to put up d best picture and picture frame to paint (not even half truth) whatever it take to get those money in...). Trust worthy one even paint world greatest picture..turn world greatest cheater to a tune of US 50 billion...Ya.

 

By nature even those sitting on top most responsibilties like advisers, chairman and CEO must take fullly, the response on WHY it kept it mistake made, mistake after mistake.....and mis-judgement after mis-judge in cold storage and,

needed junior minister, heavy weighted, senior minister to defend them as long term.

More for commercial reason, then CEO is 1st to go what....rite..!!!

teeth53      ( Date: 13-Feb-2009 20:53) Posted: When chairman, CEO and board do not have to answer, then % in risk is alway higher and greater in depth and when they must answer for it, then % in risk is alway lower and lesser in depth. Just like newly tobe appointed CEO for Tamasick....He will be very careful which each step he take to verture abroad and has to study throughtly, nor only it details and fine words, but also personnally go down to root, to fine out what really can work and why?. When public money is involve..., 9 out of ten, very usually...money business is badly need (monkey business, will want to put up d best picture and picture frame to paint (not even half truth) whatever it take to get those money in...). Trust worthy one even paint world greatest picture..turn world greatest cheater to a tune of US 50 billion...Ya.

 

When chairman, CEO and board do not have to answer, then % in risk is alway higher and greater in depth and when they must answer for it, then % in risk is alway lower and lesser in depth.

Just like newly tobe appointed CEO for Tamasick....He will be very careful which each step he take to verture abroad and has to study throughtly, nor only it details and fine words, but also personnally go down to root, to fine out what really can work and why?.

When public money is involve..., 9 out of ten, very usually...money business is badly need (monkey business, will want to put up d best picture and picture frame to paint (not even half truth) whatever it take to get those money in...).

Trust worthy one even paint world greatest picture..turn world greatest cheater to a tune of US 50 billion...Ya. 

 

Three years recession? No way!!!!!!!!!!!!!

teeth53      ( Date: 13-Feb-2009 19:42) Posted: http://sg.news.yahoo.com/rtrs/20090212/tbs-business-us-distresseddebt-investing-7318940.html What expert has said... The current recession will last at least three years and possibly longer absent a revival in credit markets, according to investors who specialize in distressed debt and bankruptcy. "This is going to be a three- to four-year disaster," said Michael Psaros, managing partner at KPS Capital Partners, at a restructuring conference in New York. The United States is going through a "Great Recession," "We are going to invest an awful lot of money this year," Psaros said on Thursday. "There is an inexhaustible supply of bad management out there."

 

Ta Ma Sick do not need luck, it has to repalce it chairman who personnally bring the CEO and as well as those board members who alway had nothings to say...just yes ONLY....some one like me,  do not know economy and finance gas long foresee and foretell such thing is going to happened here and in US and they..those few really ZZZzzz and totally willingly ignore most of our frd flag warning....odd to be sack for lossing S$58 billion or this year and for last few years...since 2006 failure in oversea verture...by nature even those sitting on top most responsibilties like advisers, chairman and CEO must take fullly, the response on WHY it keep mistake after mistake.....and lossing $$$ after lossing more $$$.

03-Dec07

Both IR operator is asking for delay in their opening..Ya ?. Money problem, high construction cost, Bank anyhow credit lending problem..all due to Sub-prime and global recession and even if opening is due..wrong time as well. U believe in it..U buy /sell and do not hold the script. Be prepare for more volatile mkts at this point in times. Beginning of recovery is only 2 yrs away, another few yrs to slip upward B4 it peak (chiong) another few yr later.. for only short rally

limkt009      ( Date: 06-Feb-2009 19:13) Posted: Nobody knows the depth of recession and its recovery, it may be good that she steps down now to save herself and partner any brickbats in the event of a worst turnout happens to TMSK's investments. Anyway, TMSK badly need a change of luck.

teeth53      ( Date: 13-Feb-2009 19:42) Posted: http://sg.news.yahoo.com/rtrs/20090212/tbs-business-us-distresseddebt-investing-7318940.html What expert has said... The current recession will last at least three years and possibly longer absent a revival in credit markets, according to investors who specialize in distressed debt and bankruptcy. "This is going to be a three- to four-year disaster," said Michael Psaros, managing partner at KPS Capital Partners, at a restructuring conference in New York. The United States is going through a "Great Recession," "We are going to invest an awful lot of money this year," Psaros said on Thursday. "There is an inexhaustible supply of bad management out there."

 

http://sg.news.yahoo.com/rtrs/20090212/tbs-business-us-distresseddebt-investing-7318940.html

What expert has said...

The current recession will last at least three years and possibly longer absent a revival in credit markets, according to investors who specialize in distressed debt and bankruptcy.

"This is going to be a three- to four-year disaster," said Michael Psaros, managing partner at KPS Capital Partners, at a restructuring conference in New York.

The United States is going through a "Great Recession," "We are going to invest an awful lot of money this year," Psaros said on Thursday. "There is an inexhaustible supply of bad management out there."

 

if tis really happens, then retail investors who r retirees in their late fifties or early sixties have to wait 10 years??? hope, as at now, very very very few r vested in the stock market[s].

Andrew      ( Date: 12-Feb-2009 00:33) Posted: Obama is very optimistic to say 3year....afterall Japan took 10 years to fix.....the lost decade Some finance historian are starting to say that this crisis will wipe out One Generation of Investors.  In 25 years time, a new group of sucker will emerge, your daughter or son perhaps will buy stock and funds again. WOW.....   teeth53      ( Date: 11-Feb-2009 21:46) Posted: 58 Billion (58, how about the rest of others year and also exceptional prolong recession down turn this...year 2009. Obama said it...Three years to turn it round

 

So 58B is about 1~2 month of GDP in Singapore. Izzit ??

Thanks Alligator.

Alligator      ( Date: 11-Feb-2009 21:57) Posted: our GDP from department of statistics are at this link http://www.singstat.gov.sg/stats/themes/economy/hist/gdp2.html  Year S$ mil US$ mil 2005 199,374.8 119,773.4 2006 216,994.5 136,569.0 2007 243,168.8 161,348.8   latest (2008 Quarter number) on this link http://www.singstat.gov.sg/stats/latestdata.html Items   Date of Latest Most Recent Period % Change1 Previous Period % Change2 Gross Domestic Product (GDP) GDP at Current Market Prices S$m Q3/08 63,729.6 1.7 63,181.4 6.3 GDP at 2000 Market Prices S$m Q3/08 58,466.5 -0.6 58,310.1 2.3

 

Obama is very optimistic to say 3year....afterall Japan took 10 years to fix.....the lost decade

Some finance historian are starting to say that this crisis will wipe out One Generation of Investors.  In 25 years time, a new group of sucker will emerge, your daughter or son perhaps will buy stock and funds again. WOW.....

 

teeth53      ( Date: 11-Feb-2009 21:46) Posted: 58 Billion (58, how about the rest of others year and also exceptional prolong recession down turn this...year 2009. Obama said it...Three years to turn it round. teeth53      ( Date: 11-Feb-2009 21:37) Posted: We dig more...we R paying more...common sense...we now dig S$4.7 B...rite into our golden reserve...Err...from MAS (GISick) or from MOF (Tamasick) ?. How long to Sq off S$58 and how long to bilt it up..?. Ask Ms Lim

 

our GDP from department of statistics are at this link http://www.singstat.gov.sg/stats/themes/economy/hist/gdp2.html 

Year

S$ mil

US$ mil

2005	199,374.8	119,773.4
2006	216,994.5	136,569.0
2007	243,168.8	161,348.8

 

latest (2008 Quarter number) on this link http://www.singstat.gov.sg/stats/latestdata.html

Items

Date of Latest

Most Recent Period

% Change1

Previous Period

% Change2

Gross Domestic Product (GDP)
GDP at Current Market Prices	S$m	Q3/08	63,729.6	1.7	63,181.4	6.3
GDP at 2000 Market Prices	S$m	Q3/08	58,466.5	-0.6	58,310.1	2.3

 

58 Billion (58, how about the rest of others year and also exceptional prolong recession down turn this...year 2009. Obama said it...Three years to turn it round.

teeth53      ( Date: 11-Feb-2009 21:37) Posted: We dig more...we R paying more...common sense...we now dig S$4.7 B...rite into our golden reserve...Err...from MAS (GISick) or from MOF (Tamasick) ?. How long to Sq off S$58 and how long to bilt it up..?. Ask Ms Lim

 

We dig more...we R paying more...common sense...we now dig S$4.7 B...rite into our golden reserve...Err...from MAS (GISick) or from MOF (Tamasick) ?.

How long to Sq off S$58 and how long to bilt it up..?. Ask Ms Lim

 

GST is a good source of revenue, one of my friend predicated that the next GST hike to 11%.  The reason he said that 3%, 5% and 7% is Prime Number.  So PAP like prime number and the next one would be 11%.   It made sense right....heeeee

And the first water agreement with Malaysia expired in 2011, can also increase more tax. Say 300% water conversation tax (now 30%)

Fixed Price COE at say 30000 is a very fair value to use our road.

I heard from somewhere LTA is conducting road pricing experiment using GPS technology. Something like pay per use scheme. When your car moves, the revenue growth.

So where do the money come from ? Of course from you.

I think the management of Temasek need to call : 1800-6-668-668 or  1800-X-Gamble (1800-9-426253)

Not us !!!

What can 58B do?? :

a) 682 years of HDB & URA fine waived based on 2006FY of 85 million dollars of fine collected.

b) 34  KPE 9km Tunnel (1.7B so cheap)

c) 11 Marina Coastal Expressway 5km Tunnel due 2013 (5B)

d) 7 North-South Expressway to link Thomson to the city (21km Tunnel) (8B) due 2020

c) 58000 units of condo , assume 1m per condo,

BTW, anyone knows our GDP ?

dcang84      ( Date: 10-Feb-2009 23:39) Posted: My question to Mrs Lim is where are you going to get the money to start a third investment fund? Isn't it a waste of tax payers money to start a third fund when the existing ones would suffice. Haiz... Farmer      ( Date: 10-Feb-2009 22:05) Posted: Hoho! Read this statement quoted from link : http://www.channelnewsasia.com/stories/singaporebusinessnews/view/408020/1/.html "Mrs Lim also reiterated that Temasek must continue to operate commercially without government interference. But she does not rule out the possibility of a third investment fund set up to buy into local companies hit by the current downturn. Mrs Lim was addressing suggestions for Temasek to play a role in rescuing local firms that have been affected by the economic crisis"

 

Get $ by increasing GST to 8% or 9% after elections? let me guess wat they'll say... "its never a good time to increase, but its inevitable. Measures are set to ensure that the impact is cushioned".... lol

 

My question to Mrs Lim is where are you going to get the money to start a third investment fund? Isn't it a waste of tax payers money to start a third fund when the existing ones would suffice. Haiz...

Farmer      ( Date: 10-Feb-2009 22:05) Posted: Hoho! Read this statement quoted from link : http://www.channelnewsasia.com/stories/singaporebusinessnews/view/408020/1/.html "Mrs Lim also reiterated that Temasek must continue to operate commercially without government interference. But she does not rule out the possibility of a third investment fund set up to buy into local companies hit by the current downturn. Mrs Lim was addressing suggestions for Temasek to play a role in rescuing local firms that have been affected by the economic crisis"