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UBS + Citi + Merrill Lynch (now BOA) alone, losses very much probably > 10b liao la.
And, anyone even accounted for the asset devaluation of Temasek-held bluechips? STI from 3906.16 to 1643. How?
Louis, just because the losses are affordable, doesn't mean the losses are necessary. Look at what CIC said regarding financial institutions investments.
BTW, if you are so confident of the gains in 5-10 yrs, why are you still in 100% cash?
cashiertan ( Date: 04-Dec-2008 04:46) Posted:
u sure u know what u toking abt? spotted few flaws in your post below. 1st i think the lost is more than 10 billions, should be 20 billions(someone pls cfm) that is abt 10-20 years of our nations surplus reserve gone because of a few dick heads who refuse to let go of power but sit there get fat paycheck asking for PTE sector pay. Pte sector would have asked them to get lost long ago for the mistakes they made...disgusted by this nation politicians...
louis_leecs ( Date: 03-Dec-2008 23:15) Posted:
| if i have million,,,,,,i will follow up GIS AND TERMASEK buy the over FOREIGH COMPANY,,,,,,AFTER THAT SIT FOR MULTI YEAR revenue,dividend and capital gain,,,,jus look at now their total asset,,,,,,,now even 10 billion lost we still can affort to write off,,,,dont forget we haVE CAPITAL GAIN FROM zero asset,,,,,,so come on,,,,,,cheers for next five year,,,,or even 10year,,,,,,,,why now argue and the game just start kick off,,,,,,,,,just sit down wait for the good forture akan datang,,,,,,,,,,,,,jus like me 100 cash waiting at bukit timah hill,,,,,,,,,and six sense tell me another trunamic akan datang,,,,,,,,,,,.,, |
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I am worries if the 3 genco temasek sold to foreign... No longer Singapore own... Like the petrol station next time, slow to drop price very quick to increase electricity tarriff when allow... What control do singapore have, nothing....
Electricity power plant is no longer a national issue... No more national issue meh, give a few power shutdown for a few hrs in the future, we will see what will happen next.
jackjames ( Date: 04-Dec-2008 08:29) Posted:
<>
Power plant sold for $3.8b
<>Surprise sale of PowerSeraya to YTL Power unit after 'unsolicited proposal'
heee... I am so proud of YTL.... now, Malaysian owned a power plant in Singapore, besides Japan and China.. sounds cool lei, ha ha.. YTL.... you really got balls, from bukit bintang road to sentosa cove, now power plant.... ni(2) you(3) zhong(3)....
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China Investment Corp (CIC), with S$305 billion and back by almost US$2 trillion, has vested in Balckstone Grp US$3Bil and in Wall St Bank Morgan Stanley 9.9% (paid US5Bil) is feeling extreme hot under the collar as it came firing from netizens, forcing the SWF fundedto take a more prudent attitude towards oversea investmment, sited Shifting goverment policies make him wary of foreign financial firms...mentioning he do not understand why "very good companies is sideline and bad ones which suddenly obtained a high credit rating...(teeth53 can tell him Angmo companies, Angmo control & is everythings angmo rating, so we are their...bankers..Err...oni as investors, No say, no power ones).teeth53 ( Date: 03-Dec-2008 19:45) Posted:
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HONG KONG : The head of China's sovereign wealth fund said Wednesday he had lost confidence in western financial institutions during the global economic crisis and would not be investing in them, a report said.
Lou Jiwei, the chairman and chief executive of China Investment Corp (CIC), said the fund would now avoid investing in banks and other groups because of "uncertain" foreign government policies, the Wall Street Journal reported.
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/393883/1/.html
Yeah..very interesting...Tell that to LKY, he should know that too as he is also there.
nickyng ( Date: 03-Dec-2008 17:49) Posted:
this article is interesting...hee
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/393883/1/.html
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Ha ha, someone behind the scene!!
The more countries infiltrate into Spore, the safer Spore is, as obligation is there.
There is no reason, Spore make frd with US n other countries. Tsunami, China earthquak aids, bring in more foreign talents etc had the same reason.
Guess what next, shift Telok Blanga rail station to woodland. Business issue the second? No further elaboration.
<>
Power plant sold for $3.8b
<>Surprise sale of PowerSeraya to YTL Power unit after 'unsolicited proposal'
heee... I am so proud of YTL.... now, Malaysian owned a power plant in Singapore, besides Japan and China.. sounds cool lei, ha ha.. YTL.... you really got balls, from bukit bintang road to sentosa cove, now power plant.... ni(2) you(3) zhong(3)....
u sure u know what u toking abt? spotted few flaws in your post below. 1st i think the lost is more than 10 billions, should be 20 billions(someone pls cfm) that is abt 10-20 years of our nations surplus reserve gone because of a few dick heads who refuse to let go of power but sit there get fat paycheck asking for PTE sector pay. Pte sector would have asked them to get lost long ago for the mistakes they made...disgusted by this nation politicians...
louis_leecs ( Date: 03-Dec-2008 23:15) Posted:
| if i have million,,,,,,i will follow up GIS AND TERMASEK buy the over FOREIGH COMPANY,,,,,,AFTER THAT SIT FOR MULTI YEAR revenue,dividend and capital gain,,,,jus look at now their total asset,,,,,,,now even 10 billion lost we still can affort to write off,,,,dont forget we haVE CAPITAL GAIN FROM zero asset,,,,,,so come on,,,,,,cheers for next five year,,,,or even 10year,,,,,,,,why now argue and the game just start kick off,,,,,,,,,just sit down wait for the good forture akan datang,,,,,,,,,,,,,jus like me 100 cash waiting at bukit timah hill,,,,,,,,,and six sense tell me another trunamic akan datang,,,,,,,,,,,.,, |
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if i have million,,,,,,i will follow up GIS AND TERMASEK buy the over FOREIGH COMPANY,,,,,,AFTER THAT SIT FOR MULTI YEAR revenue,dividend and capital gain,,,,jus look at now their total asset,,,,,,,now even 10 billion lost we still can affort to write off,,,,dont forget we haVE CAPITAL GAIN FROM zero asset,,,,,,so come on,,,,,,cheers for next five year,,,,or even 10year,,,,,,,,why now argue and the game just start kick off,,,,,,,,,just sit down wait for the good forture akan datang,,,,,,,,,,,,,jus like me 100 cash waiting at bukit timah hill,,,,,,,,,and six sense tell me another trunamic akan datang,,,,,,,,,,,.,,
No point commenting. They will always be right because they do not look at short term but long term (10yrs , 20 yrs). And the timing of the report card is at their discretion.
haha...we pay them cashew nuts(not peanuts)and still get monkeys.
Better gif the job to ppl like ipunter....able to have hindsight and foresight.
ppl like livermore,can sell high and buy back low....
etc......
anyway,be happy.Singapore is still better than Bangkok....haha.
GIC and Temasek are so damn screwed with their huge investments in the banks. Temasek lost $400m in ABC just only after 1yr. They have to start selling Singapore Food, Energy assets to make up for the losses or raise capital.
There is now talk of a snap election before the economy deteriote further or for that matter, GIC and Temasek would have to report on the returns of their 20 over Billion dollar adventure.
Pay them MILLIONs and this is what we get. hahaha
HONG KONG : The head of China's sovereign wealth fund said Wednesday he had lost confidence in western financial institutions during the global economic crisis and would not be investing in them, a report said.
Lou Jiwei, the chairman and chief executive of China Investment Corp (CIC), said the fund would now avoid investing in banks and other groups because of "uncertain" foreign government policies, the Wall Street Journal reported.
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/393883/1/.html
Yeah..very interesting...Tell that to LKY, he should know that too as he is also there.
nickyng ( Date: 03-Dec-2008 17:49) Posted:
this article is interesting...hee
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/393883/1/.html
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this article is interesting...hee
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/393883/1/.html
I ONI see and read, putting only Angmo to said retrenching us for doing their lousy job..U know angmo mahh (can come in n start cutting) and not they to tell us to cut our retrenching staffs, very clear cut to me, they don't 1 2 be d bad boy on the next blk, the next time they go on meet the people's secession.
I don't like them talk BIG, Very BIG..Boosting about what those few fellows up there on top board can do (don't like to be told) now oni taLK and boost about their investment. Sleeping on their job,zzzzzz, warning sign posted more then a year back and they some talk big, very big mouth to taLK big somemore and enjoy huge pay back in salary,
should be pay a dollar for now and get what they should get...Angmo style mahh, after all thsoe few worship AngMo style and can employ Angmo to introduce angmo products to us and as well as SOLD their product to us, they are still very very rich every if they earn a dollar for a year salary to save many more job for ordinary workers
nickyng ( Date: 03-Dec-2008 10:14) Posted:
| well...i think they are really trying to get or do somethg to give u jobs as well as jobs for those of your next generations....try to be fair and dun pick bones from within an eggs lah....compare to other garment...eg. thailand ? or Philippines ?? u rather we degenerate to those state ??? come'on not as if they can predict the outcome of this USA initiated financial mess rite ?? :P just be objective...if u thk they give themselve HIGH PAY$$....cant beat them...apply to JOIN them lah !! hee.....*juz kidding* :P
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This day..ya we r having less and less talented people's available now, co's most of them has been...die, one oredi die, gone one oredi gone, those staying alive one not available, too much decision making is in d hand of too few.......that why we r having such problems as having to recervie news such as we r investing into long, long term, such thing as this is commerical decision and not govment decision and that why even now read news on Straits Times Sunday paper heads lines, like Ex-NTUC Income chief mentioned "I am game enuff to be next elected president or to be elected as MP...What your take on this..?.
This one can...cut n paste from
Tan Kin lian eyes elected presidency...:))
It is an up hill task. They tell us to grab at any jobs that come along, then move on..We are all after all human and if they are also as human, they kept theirs safe and sound, very warm in fact, very secure (No sacking, No retrench, No worry over next meal and next payment) while we will have to worry over our dead tiring body and mind, just to survive on everyday decent meal, the next time should sit with us on MRT, SMRT, SBS, TIP,
U see this. Pay cut oni, should be pay ONI a dollars for their salary for doing a lousy job. I still remember. talk big ONI afew months back, saying will invest somemore when they is opportunities, Just very ordinary followers of following their big boss n earn huge salary.
CapitaLand said in a statement that the firm-wide measures will affect mostly management and executive level employees, with its chief executive, Liew Mun Leong, bearing the maximum cut of 20 percent.
Property giant CapitaLand is set to cut staff pay between three to 20% in light of a slowing economy. ğDetails
teeth53 ( Date: 03-Dec-2008 10:02) Posted:
Usually when one walking into shop...one see big, big SOLD stickers on it...after all one can still re-order the good to arrive...here we have to get ready to sell our IR liao or even our solid properties in order to keep our job as well as their...We do our part and kept out promises, are they keeping their parts and promises to give us more solid job over this few years and into next generation for our kid to survive, so as to contiune to keep them up there as well...?.
nickyng ( Date: 03-Dec-2008 09:52) Posted:
ok.....now garment got another S$3.8b or so to punt on global foreign assets !! hee...cheers ! :P we are back into the GAME again !! :P
see i told u !!! hee....wow..those 3x power hse add up abt S$10b hor !! enuff to cover paperloss for CITIBANK and UBS rite ?? or was it ?? ....hmm....
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well...i think they are really trying to get or do somethg to give u jobs as well as jobs for those of your next generations....try to be fair and dun pick bones from within an eggs lah....compare to other garment...eg. thailand ? or Philippines ?? u rather we degenerate to those state ??? come'on not as if they can predict the outcome of this USA initiated financial mess rite ?? :P just be objective...if u thk they give themselve HIGH PAY$$....cant beat them...apply to JOIN them lah !! hee.....*juz kidding* :P
Usually when one walking into shop...one see big, big SOLD stickers on it...after all one can still re-order the good to arrive...here we have to get ready to sell our IR liao or even our solid properties in order to keep our job as well as their...We do our part and kept out promises, are they keeping their parts and promises to give us more solid job over this few years and into next generation for our kid to survive, so as to contiune to keep them up there as well...?.
nickyng ( Date: 03-Dec-2008 09:52) Posted:
ok.....now garment got another S$3.8b or so to punt on global foreign assets !! hee...cheers ! :P we are back into the GAME again !! :P
see i told u !!! hee....wow..those 3x power hse add up abt S$10b hor !! enuff to cover paperloss for CITIBANK and UBS rite ?? or was it ?? ....hmm....
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ok.....now garment got another S$3.8b or so to punt on global foreign assets !! hee...cheers ! :P we are back into the GAME again !! :P
see i told u !!! hee....wow..those 3x power hse add up abt S$10b hor !! enuff to cover paperloss for CITIBANK and UBS rite ?? or was it ?? ....hmm....
So We or even the next generation, we all will have to pay to keep Tamasick and a few of those sitting on board alive....to subsidies for those >S$10billion of losses. We called it a commercial deal...So those can still enjoy big huge salary earn for those losses (not to be sack..Sick of it, really sick of it), our generation and next generation will have to earn several more or many more thousand in salary term every months to contiune to make Tamasick and even GIC fat shares holder fat, and who control it..?. Not the President.
Are they, those few can do it to keep us, many of us becoming rich with many more millionaire, or just re-invent again to welcome many more foreign millionaires or billionaires to give us job so as to keep their as well.
They always tell us and said to give us job and not theirs. We have uncles and aunties tolling, working day and night for afew hundred of dollars ONLY...What nonsense...pay monkey, get monkey work
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/393730/1/.html
Another such blunder from them..we have to sell backside liao as this is the last power stn we...err...not we, they..those few on board SOLD them, not us, so don't blame us for not supporting those few fellows up there...Ya..:(( sad isint it..?.
teeth53 ( Date: 02-Dec-2008 21:39) Posted:
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