GIC and Temasek

DIRECTOR  withOUT  pOrtfOliO  in  MANAGING  DIRECTOR  OFFICE

SENIOR  VICE  PRESIDENT  withOUT  pOrtfOliO  in  PRESIDENT  OFFICE

SENIOR  VICE  CHAIRMAN  withOUT  pOrtfOliO  in  CHAIRMAN  OFFICE

SENIOR  VICE  MANGER  withhOUT  divisiOn  in   CHIEF  MANAGER  OFFICE

SENIOR  VICE  ENGINEER  withOUT  department  in  CHIEF  ENGINEER  OFFICE

SENIOR  VICE  SECRETARY  withOUT  sectiOn  in  CHIEF  EXECUTIVE  SECRETARY  OFFICE

SENIOR  VICE AGENT  withOUT  engagement  in  CHIEF  AGENT  OFFICE

nO  End  Of  this  DARK  stOry

teeth53: Was thinking about Temasick Holding offering bonds with AAA rate. Ur choice, ur decision

German central banker warns of Greece 'contagion'. "Many countries are running excessive budget deficits." Portugal, Italy, Ireland and Spain are all in the firing line. An issue of 10-year Greek bonds totalling 8.5 billion euros expires on May 19 and needs to be covered by fresh finance. Lastest to default, just like Dubai.

http://moremoney.blogs.money.cnn.com/2010/03/08/a-dangerous-omen-looms-for-bonds/

A dangerous omen looms for bonds (teeth53 said is contagion)

http://money.cnn.com/2010/04/05/news/economy/fed.rates.fortune/index.htm

Bonds in the 'danger zone' By Colin Barr, senior writerApril 6, 2010: 4:16 AM ET

(Fortune) -- Even bond managers are questioning the wisdom of buying bonds now.

Government bond prices are sliding as an economic recovery takes hold and the feds struggle to fund a massive budget deficit. At the same time, the prices of corporate bonds are looking pricey after a ferocious year-long rally.

Just for info sharing. while Mr Seah is going DBS holdings

Time for Dr Richard Hu to move, to chair Temasek Holdings. Currently Capital Chairman

(Once member of GIC inner circle and former Finance ministry)  and allow

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

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.

teeth53      ( Date: 15-Feb-2009 13:22) Posted: Many red flags planted, warning been posted and not me alone, many others as well.... It has happened in ST technology as CEO (is a lost) B4 Peter Seah took over...actually there is alot of 1st top talented available... just that they do not want to be assiocated with.....so only those less talented is avail to GIsick and Tamasick..Yes man.   Posted: 24-Dec-2008    Capitaland's will have Mr Peter Seah as deputy chairman from Jan 2009. A former banker with OUB, also serve as President & CEO of ST till 2004, with his experience, he can help former Finance minister and with former Finance Minister. Mr Richard Hu as Capland chairman. He is seen as to be slot for taking over the chairmanship. It is a lost to Temasick Holding teeth53      ( Date: 09-Feb-2009 23:48) Posted: Well know, famous...n very popular...under estimated Sub-prime n it housing home-loan crisis..is not by pure incident or by accident after having gone throught so much very so called crisises and experience in dot.com and financial crisises... We lost Shin Corp, we lost ML..save by BOA. Temasick converts Merrill Lynch, converted its 13.7% into BoA Corp stock, teeth53 just sharing some info here.      ( Date: 25-Dec-2008 21:43) Posted: Prologis. Saving a sinking ship from been sink.....and has to sink in Billion of Sing dollars...teeth53 just sharing my thot that another may need another S$1 billion more to save this ship subject to wear n tear and to prop up a sinking ship.   Posted: 25-Dec-2008 teeth53 thot...Six months ago....and the credit crisis  and it down turn warning has long been posted more then a year back.....hmmm, never learn there lesson is Prologis, so is GIC, is still very RICH to with stand this coming prolonger recession for over d next several years. and finally fallen on deaf ears...since Aug 20, 2007 Posted:20Aug2007   lower interest rate and so on....to ride out over this dark cloud hanging all over this world is trying to bufff & trying to ensure ppl's all over that this storm will blow over.come on, of course we will, not before riding into stage 3. We are facing at the word, confident right in our face and in our sub-conscious mind. scary 1st credit issue, then credit squeeze, next credit crunches, what next ?, credit melt....... Cash is king....Hmm

Just for info sharing. Mr Koh is moving...Where ahh ??. While Mr Seah is to taking over as DBS Holding as chairman.

Bonds in the 'danger zone'
By Colin Barr, senior writerApril 6, 2010: 4:16 AM ET
(Fortune) -- Even bond managers are questioning the wisdom of buying bonds now.

Government bond prices are sliding as an economic recovery takes hold and the feds struggle to fund a massive budget deficit. At the same time, the prices of corporate bonds are looking pricey after a ferocious year-long rally.

With forecasters projecting higher interest rates and the market anxiously awaiting the Federal Reserve's next baby step toward normal policy, some strategists are counseling investors to hold more cash -- and to brace for a wild spring.

Facing an onslaught of government bond issuance, investors are demanding higher yields on Treasury debt. The yield on the 10-year Treasury note hit 4% Monday for the first time since October 2008, the height of the financial crisis. The government is preparing to sell $167 billion worth of Treasury debt this week.

The rise in yields comes after a number of Treasury auctions in recent weeks drew tepid demand. An auction of 10-year notes this Wednesday "could be problematic," Larkin said. He recommends investors who want to add bond exposure stick to maturities of three years or less.

At the same time, the quick bounceback in the markets over the past year has sent the prices of corporate, municipal and mortgage bonds soaring. That brought yields way down, leaving some investment managers with an all too familiar feeling: that they aren't being compensated for the risk they're taking in buying certain bonds.

ELITE Hulumus, you are SAGE.

*yOur Question  iS REALLY the  mOst  impOrtant  Question*

USiNG  jUst One wOrd, "lOss",  tO  make  sO many  billiOns  DISappear  frOm  the  peOple's mOney?

investigatiOns  shOuld  bE  cOnducted  that  the "lOsses"  are  TRUE.

Otherwise,  this wOuld  bE the  EASiEST  way   tO  AMASS  Other  peOple's  wealth  frOm  the  peOple's  mOney.

sOverign  lOsses  have becOme  vOgue  and   rOgue.

sOmething  must  bE iN  THiS  TREND.

ALL  the  BEST wOrld  TALENTS  are  invOlved  iN  these  multi-billiOns  lOsses.

T H I N K   

Hulumas      ( Date: 21-Feb-2010 14:45) Posted: Where does all the loss sovereign funds go? That is what I interested in to know! teeth53      ( Date: 28-Sep-2009 21:59) Posted: Just FYI: Other SWFs losses from Gulf states. <> http://news.asiaone.com/News/Latest%2BNews/Business/Story/A1Story20090928-170506.html KUWAIT CITY (AFP) - SOVEREIGN wealth funds (SWFs) of four oil-exporting Gulf states lost around US$350 billion (S$497 billion) last year due to the global financial crisis, according to a UN report. Gulf SWFs lost $497B The funds - Saudi Arabia, Kuwait, Qatar and Abu Dhabi - almost maintained their total asset value at the end of 2008 after governments injected into them huge returns from oil income, the United Nations Conference on Trade and Development (UNCTAD) said in a report. The World Investment Report 2009, released last week, said that assets held by the four Gulf funds dropped to US$1.115 trillion last year from US$1.165 trillion at the end of 2007 and that government injections of US$300 billion helped narrow their losses. Abu Dhabi Investment Authority (ADIA) was the most affected, as it shed around US$183 billion from the US$453 billion it held in 2007. But the government pumped US$57 billion into the fund, helping it end last year at US$329 billion. Kuwait Investment Authority (KIA), which owns stakes in Daimler and Citigroup, lost US$94 billion from US$262 billion it held at end of 2007. The government, however, injected US$59 billion, helping the fund to stand at US$228 billion at the end of last year. Qatar Investment Authority (QIA) lost US$27 billion and ended at US$66 billion in 2008, while Saudi assets, run by the Saudi Arabian Monetary Agency (SAMA), valued at US$501 billion at end-2008, shed around US$46 billion, the report said. Gulf SWFs have never disclosed the size of their assets nor losses. The UNCTAD report said that in recent years Gulf SWFs have become more proactive investors, entering riskier investments and targeting strategic holdings in international companies. 'The recent collapse of real estate and equity markets has generated large losses for SWFs, but it also offers investment opportunities,' UNCTAD said. As a result, some Gulf SWFs have become more cautious in investing abroad and turned to investments in domestic economies. The four Gulf states pump more than 13 million barrels of oil per day, just under half of total OPEC production of around 29 million bpd. -- AFP

A dangerous omen looms for bonds

One of the key questions faced by investors today, a year after the markets were at their worst, is how safe it is to go back in the water. Given that bonds have turned out to be a better bet than stocks over the past 20 years — and given the steep decline and perhaps shaky rebound in the equity markets — is it time to reassess the primacy of stocks in our portfolios? Will we be better off with the security and steadiness of bonds?

A great answer to that question came last week from Charles Schwab chief investment strategist Liz Ann Sonders. Presenting her outlook on the economy and the markets to a group in New York City, Sonders spotlighted what appears to be a powerful contrarian indicator — that is, measure of how the investing herd is zigging in the market, giving a wise and brave investor a roadmap of where to zag.

The contrarian indicator in this case is a monthly asset allocation survey run by the American Association of Individual Investors, a nonprofit focused on investor education. Since November 1987, AAII has been asking its members for snapshots of how their own investments are distributed — how much of their wealth is in stocks (and stock funds), bonds (and bond funds) and cash (or cash equivalents, such as money-market funds).

In that historical record are some fascinating tidbits. Looking back in the archives (accessible with an AAII membership priced at $29 a year), Sonders found that the time at which investors devoted the the highest share of their portfolio to stocks was in early 2000, when AAII respondents had more than three-quarters of their money in stock.



You remember what else happened around then, right? The S&P 500 Index shot past 1,500 — only to begin a two-and-a-half-year slide down to 800. The Nasdaq's slide from its giddy, early-2000 heights was even more devastating.

When did cash hit its peak allocation in the AAII survey? That would be last March, Sonders learned, when people had 45% of their wealth in the green stuff.



Has cash proved to be a good place to have your money since then? No, it hasn't. The the average money-market yield over the past year, according to Lipper, has been less than one-tenth of one percentage point. In contrast, the exchange-traded fund based on the Barclays Capital Aggregate Bond Index returned 8% over the past twelve months. The total return of the S&P was 37%.

So when did bonds reach their high-water mark in the AAII survey? Last summer, when fixed-income investments amounted to 25% of portfolios.



Hmm. And what do allocations look like right now? As far as bonds go, there's little change.



Notice, Sonders said last week, that the current allocation to fixed-income, at 24%, is still very near the category peak hit last summer. "I think this has implications," she said.

Moreover, said Sonders, following the previous two times in recent financial history when bonds outperformed stocks over a two-decade period, the next five years "hugely" favored stocks over bonds.

Will the AAII continue its predictive streak as a contrarian indicator? We'll find out in a few years

Bond Sales for now S$10 Billion and Ho Ching need more Advisers.
She as CEO (more then six years liao) cannot do her job meh ??.

With so much backup, still need Adviser to sdvise her. In other other word....My goodness
Can her Adviser do a better job then her, think lohh Can he ??.
Same flock, after leaving, What about the mess in SGX and

She has to leave ST for Temasick, so is he

If only it can turn less to lossing more,  when one can be prudent it it risk investment and knowing it Value at Risks (VaR). Don boost about how much we can make depending on afew , then we don have to C what's happening on our saving, everyone is a winner.

Sunday, March 01, 2009