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GIC and Temasek

Trouble here is ...we are train to be too honest to d tune of been kena in believeing those angmo...like good eg Madoff...and when one or two say YES..the rest cannot say NO and if...A big if we depend just on one man, then we are dead liao...luck is with us as we still has a as many top talented 1st class rated running outside of the inner circle...to prop up a few "Yue Luo Yue Hu Too" type

teeth53      ( Date: 15-Feb-2009 16:56) Posted: Out there and right here in Singapore...there are many top graded people's who is alway around...Just to names a few..Like SIA...proven very solid organisation even in this recession, Capital land, Singtel, MAS board, SGX board, POSBank, NTUC Fairprice Chairman, we also has Mr Khaw..from health who has proven to nurse back Singapore govt restructure hospital to it healthy position today. All no easy task, all plan for long term, great mind, overseeing their respective portfolios. Most recently, Mr Koh is tap for his qualitative experience, he is one n only one among so many heavy weight...cannot do much even if he wanted to say no...I do understand..

 

"I see Ho Ching as a victim in this case for her bad decision on the investment that lost big time, especially the investment in US. I see her investment is not an individual decision but a group's decision" (then group will have to take responsible who has d most say and most powerful voice will have to be responsible and account for...) (which does not include the finance ministry). In the investment climate, every countries are losing big time (Yes agree with U...do we need to losing big as well...Answer is we do not have to...). Big companies are closing down or swallowed up in preparation for the next player to come into the mkt (we don't have so many big ships like in US..eg; Lehman Bro, Merrill Lynch, CITI, BoA, AIG and many others who can effort to suck up US 50 billiob lost). Billions of dollars were swept away from the table. I don't see how Singapore will survive this onslaught even Temp Temp was headed by someone else (we will..when there's will, there's a way, we''ll see some light end of 2009). She being the PM's wife has her advantage and disadvantage.

Latest to note: Euro zone suffers record 4th-Quarter contraction. Gross domestic product (GDP) shrank by 1.5% instead of 1.3% drop, statistics office Eurotat said. England & Germany is offically in recession, France, Italy, Dutch...others in EU, 16 nations suffer too, said Mr Carsten at ING Financial Markets of Germany figures. Recovery is it truest sense of the word will materialise only in 2010.

teeth53      ( Date: 15-Feb-2009 16:56) Posted: Out there and right here in Singapore...there are many top graded people's who is alway around...Just to names a few..Like SIA...proven very solid organisation even in this recession, Capital land, Singtel, MAS board, SGX board, POSBank, NTUC Fairprice Chairman, we also has Mr Khaw..from health who has proven to nurse back Singapore govt restructure hospital to it healthy position today. All no easy task, all plan for long term, great mind, overseeing their respective portfolios. Most recently, Mr Koh is tap for his qualitative experience, he is one n only one among so many heavy weight...cannot do much even if he wanted to say no...I do understand..

 

Out there and right here in Singapore...there are many top graded people's who is alway around...Just to names a few..Like SIA...proven very solid organisation even in this recession, Capital land, Singtel, MAS board, SGX board, POSBank, NTUC Fairprice Chairman, we also has Mr Khaw..from health who has proven to nurse back Singapore govt restructure hospital to it healthy position today.

All no easy task, all plan for long term, great mind, overseeing their respective portfolios.

Most recently, Mr Koh is tap for his qualitative experience, he is one n only one among so many heavy weight...cannot do much even if he wanted to say no...I do understand..

 

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:

 

I don't know are we still friend if I have to say this which opposed your view....it's just my personally view.


I view Temp Temp as a private company although they are investing with the public fund and headed by the "public figures/celebrities". Why I said that is bcos they used the public fund to invest in private entities through the years and they were profitable for the last 35 years under LKY steership. Although they were not as transparent in the past as compared to now (no Annual Reports, etc), they went throught bust and boom and announced 12% gain annually for last 35 years.... clap, clap, clap!!!

Now that the company under presuure to be more transparent, annouces result annually which will open to criticism and comments. I see Ho Ching as a victim in this case for her bad decision on the investment that lost big time, especially the investment in US. I see her investment is not an individual decision but a group's decision (does not include the finance ministry). In the investment climate, every countries are losing big time. Big companies are closing down or swallowed up in preparation for the next player to come into the mkt. Billions of dollars were swept away from the table. I don't see how Singapore will survive this onslaught even Temp Temp was headed by someone else. She being the PM's wife has her advantage and disadvantage. She will be under constant stress to perform well before critics barking her up the tree. She has to be transparent incase....

Bottom line, I felt engaing her as the CEO is not wrong, but was not the best choice in the first place. I have a few name in mind which I felt will not conflict the whole thing...Koh Boon Hwee (Chairman DBS), Botak (UOB), or Finance Minister himself.

So are we still friend...hehehe! My view oni!

 

Mrs Lim...Knowing U has choosen to defend losses..then in the 1st  instant must give ur chioces of opinions to those few "Yue Luo Yue Hu Too" type....

 

Mrs Lim explained GIC and Tamasick investment in "dangerous asset classes" was not sudden move but slowly evolving strategy, (why defended when several months ago matured minister boosted so much in news ST paper, got chances must invest...teeth53 thot red flag is planted what.?.)

Since then., the one who was instrumental in bringing in Ho Ching and based purely on merit is equally and fully responsible, is still vey much comfortable headed Tamasick....heading for sick bed.

Mind U before that Tamasek Holding is in very healthy position and after that..is so different now,

one who has choosen must equally responsible and account for it....... 

1st credit issue, then credit squeeze, next credit crunches, what next ?, credit melt
From day one, even since....and losses amounted to........ZZZzzz...under this or not Mrs Lim

"Whether this is a way of making a change of someone
who is related to the prime minister, this has been a
point that I've dealt with since the first day Ho
Ching was appointed as CEO. I was very instrumental in
bringing in Ho Ching and it was based purely on merit
and has nothing to do with her relationship to
anyone," he said.

teeth53      ( Date: 15-Feb-2009 09:50) Posted: We do not had to lost so much...Understand or not....Mrs Lim... LOST S$190billion to S$200 billion So it took the Senior Minister of State for finance. Mrs Lim Hwee Hua to defend GIC and Tamsick Those responsible few who are still very, very Senior or very matured minister has collected several million of Sing$ dollar in salary very years after years(Minister salary) after lossing not only S$58 billion, but to a tune of (estimated) to be S$190billion to S$200 billion in losses...SAD and the Chairman still around, through CEO has step down. BACK on TRACK....What this.???...by Mrs Lim Hwee Hua As for the Government Investment Corporation of Singapore (GIC), the investment analyst said it would also lose more than a third of the value of its investment portfolio. "GIC started the crisis with roughly Singapore $550 billion in reserves. My (her) estimate is that it has lost about S$190-S$200 billion of that, leaving it with about $350 billion left. This amount is equivalent to 200 per cent of Singapore's gross domestic product," he added. "So both have lost money but their performance has not been out of line with other large funds, possibly a bit better (what is a bit better then to compare with the worst..?) These are all worst-case estimates." teeth53      ( Date: 09-Feb-2009 23:26) Posted: Understand this...stage four...credit melting...still counting more losses. This X is two of Switzerland's largest banks, UBS and Credit Suisse... so say Ta Ma sick...we are still better off and for long, long term. "Yue Luo Yue Hu Tu" http://sg.news.yahoo.com/afp/20090209/tts-finance-banking-switzerland-ubs-cred-c1b2fc3.html

 

We do not had to lost so much...Understand or not....Mrs Lim... LOST S$190billion to S$200 billion

So it took the Senior Minister of State for finance. Mrs Lim Hwee Hua to defend GIC and Tamsick

Those responsible few who are still very, very Senior or very matured minister has collected several million of Sing$ dollar in salary very years after years(Minister salary) after lossing not only S$58 billion, but to a tune of (estimated) to be S$190billion to S$200 billion in losses...SAD and the Chairman still around, through CEO has step down.

BACK on TRACK....What this.???...by Mrs Lim Hwee Hua

As for the Government Investment Corporation of
Singapore (GIC), the investment analyst said it would
also lose more than a third of the value of its
investment portfolio.

"GIC started the crisis with roughly Singapore $550
billion in reserves. My (her) estimate is that it has lost
about S$190-S$200 billion of that, leaving it with about
$350 billion left. This amount is equivalent to 200
per cent of Singapore's gross domestic product," he
added.
"So both have lost money but their performance has not
been out of line with other large funds, possibly a
bit better (what is a bit better then to compare with the worst..?) These are all worst-case estimates."

teeth53      ( Date: 09-Feb-2009 23:26) Posted: Understand this...stage four...credit melting...still counting more losses. This X is two of Switzerland's largest banks, UBS and Credit Suisse... so say Ta Ma sick...we are still better off and for long, long term. "Yue Luo Yue Hu Tu" http://sg.news.yahoo.com/afp/20090209/tts-finance-banking-switzerland-ubs-cred-c1b2fc3.html

 

Understand this...stage four...credit melting...still counting more losses. This X is two of Switzerland's largest banks, UBS and Credit Suisse... so say Ta Ma sick...we are still better off and for long, long term. "Yue Luo Yue Hu Tu"

http://sg.news.yahoo.com/afp/20090209/tts-finance-banking-switzerland-ubs-cred-c1b2fc3.html

 

There is HOPE...with job credit, but but.....let minister Tharman know 1st and get Heath minister to nurse it back to good health...Ya.

teeth53 thot so....hmm...Just a reminder been. we r at stage four liao...Ya

teeth53      ( Date: 21-Oct-2008 16:30) Posted:

teeth53      ( Date: 01-Feb-2009 10:10) Posted: teeth53 thot so: Well, well in other word.... See monkeys do, act monkeys goes, so are we....Err...MNC and SMEs can also now more or less reporting their style of Profit & Lost (P&L) into...overall value's delline less than other of our Bro n Sis companies, so, so call reported company R better off...Ya. Like that oso can...We'll be half dead liao, as we has to be contented with an estimated 100,000 of jobless, of which 1/3 fall below 30 year GIC, Temasek's overall value's decline less than that of global market's, so we R better off..Ya Temasek reports the market value of its portfolio in the annual Temasek Review. GIC now reports its long term returns on a moving average basis, which will be updated in the next annual GIC Report. teeth53      ( Date: 01-Feb-2009 09:42) Posted: GISick and Temasick can model after JP Morgan way, to invest...JP Morgan way. http://www.forbes.com/2008/03/16/bear-fed-update-markets-equity-cx_lm_mm_0316markets02.html?partner=sph JPMorgan was raiding its petty cash to buy Bear. Following an astonishing weekend of activity in the United States. Bear Stearns will be bought for a song by JPMorgan Chase, a result of its mortgage-related problems, bought the firm on Sunday at fire-sale price of $2 a share, or $236.2mil. We are raiding our golden reserve to buy out (part of / partially) trouble angmo bankers bank, our deputy GIsick chief can say we do this for long term, Wrong foot, wrong time and wrong strategies, so resulted we has to dig into our reserve as well to serve out our remain prolong recession period. Oni reason, very long term. Who don't know that, tell that to the kids...meanwhile enknowledge is not forthcoming that S$ got stuck, at least it has declared Temasick has a paper lost of S$2 billion. It mean next cycle can come oni in about 12 -15 years..., getting caught on the wrong foot on investment timing strategies with so..much people's citizen $$$ mean our mass will has to take what is been offered. Cut cost to save jobs rather then cut jobs to save cost teeth53 has all along telling them JP Morgan way.....Hmm..ZZZzzz still has't fully wake up yet.

 

Òbama as US President is ...good, but..but with Angmo (westerner) around to assist him... i see monkey do...monkeys does... as.....just like..Westerners are good con men, so are their followers. Take for example Madoff fraud hit up to 3 million victims: law firm Obama demands stimulus action but Republicans want changes

teeth53 thot: Westerner has been proven to be world best Professional Con Man...Ya.

Making as plenty of money as possible for theirself...read those share holder / Directors  of Merill L....(ML) enriches themself b4 selling it at one go for $US50 billion to BOA...Ya, isit..we r all...err..not we, those few oldman & hosuewfie been either to willingly or to in-experience to invest...? by under estimated this Sub-prime & US housing woes, plus consumers lost of confident and more under water current have yet to arrive. 

 

teeth53 thot so: Well, well in other word....

See monkeys do, act monkeys goes, so are we....Err...MNC and SMEs can also now more or less reporting their style of Profit & Lost (P&L) into...overall value's delline less than other of our Bro n Sis companies, so, so call reported company R better off...Ya. Like that oso can...We'll be half dead liao, as we has to be contented with an estimated 100,000 of jobless, of which 1/3 fall below 30 year

GIC, Temasek's overall value's decline less than that of global market's, so we R better off..Ya
Temasek reports the market value of its portfolio in the annual Temasek Review. GIC now reports its long term returns on a moving average basis, which will be updated in the next annual GIC Report.

teeth53      ( Date: 01-Feb-2009 09:42) Posted: GISick and Temasick can model after JP Morgan way, to invest...JP Morgan way. http://www.forbes.com/2008/03/16/bear-fed-update-markets-equity-cx_lm_mm_0316markets02.html?partner=sph JPMorgan was raiding its petty cash to buy Bear. Following an astonishing weekend of activity in the United States. Bear Stearns will be bought for a song by JPMorgan Chase, a result of its mortgage-related problems, bought the firm on Sunday at fire-sale price of $2 a share, or $236.2mil. We are raiding our golden reserve to buy out (part of / partially) trouble angmo bankers bank, our deputy GIsick chief can say we do this for long term, Wrong foot, wrong time and wrong strategies, so resulted we has to dig into our reserve as well to serve out our remain prolong recession period. Oni reason, very long term. Who don't know that, tell that to the kids...meanwhile enknowledge is not forthcoming that S$ got stuck, at least it has declared Temasick has a paper lost of S$2 billion. It mean next cycle can come oni in about 12 -15 years..., getting caught on the wrong foot on investment timing strategies with so..much people's citizen $$$ mean our mass will has to take what is been offered. Cut cost to save jobs rather then cut jobs to save cost teeth53 has all along telling them JP Morgan way.....Hmm..ZZZzzz still has't fully wake up yet.  teeth53      ( Date: 20-Jan-2009 23:17) Posted: http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20090119-115715.html GIC, Temasek's overall value's decline less than that of global market's, so we R better off..Ya Temasek reports the market value of its portfolio in the annual Temasek Review. GIC now reports its long term returns on a moving average basis, which will be updated in the next annual GIC Report. teeth53 thot: We do not have to loss many billion when warning shot is shot n warned across more then a year back) This money can more then go into our CPF a/c with plenty to spare for our raining day, Is this our raining day yet?. Personnally i do not think so...this day weather is cooling In other word, it mean we R lossing less and not more then others, S$10 billion ONI, very affordable, their one and oni reason, very long term. Who don't know, tell that to the kids. It mean next cycle can come oni in about 12 -15 years...meanwhile don't even enknowledge they got stuck, on the wrong foot on investment timing strategies with soo..much people's citizen $$$,  defended AS EXPECTED, real wrong timing n we has to pay for it, call for more sacrifices for those misjudgement mistake on investment made by a few....Sad..Ya

 

GISick and Temasick can model after JP Morgan way, to invest...JP Morgan way.

http://www.forbes.com/2008/03/16/bear-fed-update-markets-equity-cx_lm_mm_0316markets02.html?partner=sph

JPMorgan was raiding its petty cash to buy Bear. Following an astonishing weekend of activity in the United States. Bear Stearns will be bought for a song by JPMorgan Chase, a result of its mortgage-related problems, bought the firm on Sunday at fire-sale price of $2 a share, or $236.2mil.

We are raiding our golden reserve to buy out (part of / partially) trouble angmo bankers bank, our deputy GIsick chief can say we do this for long term, Wrong foot, wrong time and wrong strategies, so resulted we has to dig into our reserve as well to serve out our remain prolong recession period.

Oni reason, very long term. Who don't know that, tell that to the kids...meanwhile enknowledge is not forthcoming that S$ got stuck, at least it has declared Temasick has a paper lost of S$2 billion. It mean next cycle can come oni in about 12 -15 years..., getting caught on the wrong foot on investment timing strategies with so..much people's citizen $$$ mean our mass will has to take what is been offered. Cut cost to save jobs rather then cut jobs to save cost

teeth53 has all along telling them JP Morgan way.....Hmm..ZZZzzz still has't fully wake up yet. 

teeth53      ( Date: 20-Jan-2009 23:17) Posted: http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20090119-115715.html GIC, Temasek's overall value's decline less than that of global market's, so we R better off..Ya Temasek reports the market value of its portfolio in the annual Temasek Review. GIC now reports its long term returns on a moving average basis, which will be updated in the next annual GIC Report. teeth53 thot: We do not have to loss many billion when warning shot is shot n warned across more then a year back) This money can more then go into our CPF a/c with plenty to spare for our raining day, Is this our raining day yet?. Personnally i do not think so...this day weather is cooling In other word, it mean we R lossing less and not more then others, S$10 billion ONI, very affordable, their one and oni reason, very long term. Who don't know, tell that to the kids. It mean next cycle can come oni in about 12 -15 years...meanwhile don't even enknowledge they got stuck, on the wrong foot on investment timing strategies with soo..much people's citizen $$$,  defended AS EXPECTED, real wrong timing n we has to pay for it, call for more sacrifices for those misjudgement mistake on investment made by a few....Sad..Ya

 

teeth53 just thot so...recalling those warning went totally to all d black crows..ZZZzzz

teeth53      ( Date: 13-Dec-2008 17:50) Posted: With global recession grooming around for any other 2-3 years. This time round GIC and Tamasick is too over expose to over investment, Reits..Capland, Malls, Banks, ABC, oversea investment banks...all need money to top it up including those many unnames.. so got to sell asset and afew other companies within to companies that has good enuff money to buy over, re-adjusting shares value to make a good report when it come Think POSB should JV and takeover DBS and becoming even a more establish regional bank with 3rd / 4th generation proven to run and that will only happen after all the 1st Gen is all becoming retiree

 

http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20090119-115715.html

GIC, Temasek's overall value's decline less than that of global market's, so we R better off..Ya
Temasek reports the market value of its portfolio in the annual Temasek Review. GIC now reports its long term returns on a moving average basis, which will be updated in the next annual GIC Report.


teeth53 thot: We do not have to loss many billion when warning shot is shot n warned across more then a year back) This money can more then go into our CPF a/c with plenty to spare for our raining day, Is this our raining day yet?. Personnally i do not think so...this day weather is cooling
In other word, it mean we R lossing less and not more then others, S$10 billion ONI, very affordable, their one and oni reason, very long term. Who don't know, tell that to the kids. It mean next cycle can come oni in about 12 -15 years...meanwhile don't even enknowledge they got stuck, on the wrong foot on investment timing strategies with soo..much people's citizen $$$,  defended AS EXPECTED, real wrong timing n we has to pay for it, call for more sacrifices for those misjudgement mistake on investment made by a few....Sad..Ya

 

Sold three power stn (got it for zero value i guess), where got no money to spend...at d present movement $S 10 billion lost can be cover, not enuff can still sell back side liao n can contiune to enjoy reaning many $S million of dollar in SALARY, into their housewfie pocket.

equator2010      ( Date: 19-Jan-2009 18:36) Posted: I was reading the BT, how did tamasick and geeAisee outperform the market? I tot they had invested in many stocks which have plunged in market value?

 

I was reading the BT, how did tamasick and geeAisee outperform the market? I tot they had invested in many stocks which have plunged in market value?

 

Bro, u right on d spot loh. AK kena washed liao, on SPC n GAR.

jackjames      ( Date: 19-Jan-2009 08:58) Posted: I remember reading report saying Jim Rogers cover all his short position at US banks... I wonder he regretted to cover so early..... and I wonder if he short again last month................ personally, I think he is another joker and love to manipulate people minds... especially now stationed in Singapore, wanna brainwash all Singaproean minds to enter commodities... ha ha... teeth53      ( Date: 17-Jan-2009 09:01) Posted: Not forgeting. We has a red very, very old Indian chief, should have long counted as a retiree. Err...let see, we has a housewfie running a few..err many biggie CORPORATION houses. We has also a old househmem running d other as well...all by now should long classified over as retiree way back, What that?, housewfie running losses into many billions of dollars. Woww..gd life Regulators are pressing Citigroup to shake up its board and replace its chairman in an effort to restore confidence Read this on how to save n restore, not just do a louzy paint job

 

I remember reading report saying Jim Rogers cover all his short position at US banks... I wonder he regretted to cover so early..... and I wonder if he short again last month................ personally, I think he is another joker and love to manipulate people minds... especially now stationed in Singapore, wanna brainwash all Singaproean minds to enter commodities... ha ha...

teeth53      ( Date: 17-Jan-2009 09:01) Posted: Not forgeting. We has a red very, very old Indian chief, should have long counted as a retiree. Err...let see, we has a housewfie running a few..err many biggie CORPORATION houses. We has also a old househmem running d other as well...all by now should long classified over as retiree way back, What that?, housewfie running losses into many billions of dollars. Woww..gd life Regulators are pressing Citigroup to shake up its board and replace its chairman in an effort to restore confidence Read this on how to save n restore, not just do a louzy paint job. AK_Francis      ( Date: 12-Jan-2009 22:47) Posted: Ha ha, do u think that possible with Chairmen, Mr Dee at DIC n Mdm Do at  d other arm?

 

Not forgeting. We has a red very, very old Indian chief, should have long counted as a retiree. Err...let see, we has a housewfie running a few..err many biggie CORPORATION houses. We has also a old househmem running d other as well...all by now should long classified over as retiree way back, What that?, housewfie running losses into many billions of dollars. Woww..gd life Regulators are pressing Citigroup to shake up its board and replace its chairman in an effort to restore confidence Read this on how to save n restore, not just do a louzy paint job.

AK_Francis      ( Date: 12-Jan-2009 22:47) Posted: Ha ha, do u think that possible with Chairmen, Mr Dee at DIC n Mdm Do at  d other arm?   teeth53      ( Date: 12-Jan-2009 21:27) Posted: Will such item happen here...?. http://www.nytimes.com/2009/01/12/business/12citi.html?partner=rss&emc=rss Citi Is Urged to Replace Chairman Mon, 12 Jan 2009 11:52:59 GMT Regulators are pressing Citigroup to shake up its board and replace its chairman in an effort to restore confidence in the beleaguered bank.