$58 billion of your taxdollars gone down the drain!

[VIBGYOR]

One Stupid Woman.

Temasek's investment portfolio down 31% to S$127b as of 30 Nov 2008

SINGAPORE: Temasek Holdings' portfolio of investments fell 31 per cent to S$127 billion as of 30 November last year, according to latest data revealed in Parliament on Tuesday.

This was down S$58 billion from S$185 billion six months earlier in light of the global financial crisis.

Senior Minister of State for Finance and Transport, Lim Hwee Hwa, said: "This is less than the corresponding declines in the MSCI Singapore Index of 44 per cent and the MSCI Asia ex-Japan of 45 per cent both in Singapore dollar terms over the same period."

Despite this, the Singapore government said both Temasek as well as the Government of Singapore Investment Corp (GIC) have the ability and resources to weather the ups and downs over multiple economic and market cycles.

Mrs Lim said this is not the first major downturn both soveriegn wealth funds had gone through. She noted that both Temasek and GIC had bounced back from significant reductions in asset values in previous slumps, including the 1997 Asian Financial Crisis.

And despite the downturns, the two investment companies had seen credible investment returns over the years.

Mrs Lim said: "In spite of these market gyrations, including the current downturn, for the 20-year period to late 2008, Temasek had achieved annualised returns of about 13 per cent. GIC, which has a diversified and more conservative portfolio, also had credible returns over the 20-year period.

"As at March 2008, the 20-year average return was 5.8 per cent in nominal Singapore dollar terms. The figure for March 2009 would have fallen as a result of the decline in 2008, but would not be sharply down."

Mrs Lim added that Temasek and GIC are long-term investors, and as such they do not have to divest their investments in market downturns.

- CNA

 

[2lanu]

When they make billion$, they claimed credits and justify that they should be pay fat bonus. Then now lost billion$ are they going to cough that out? F**king lamers!

 

[VIBGYOR]

Great right, our country is blessed with a helpless gay PM who had a cancer, and his sidekick wife, who went on a shopping spree with taxpayer monies because she never get satisfied by her husband.

She hit back at him by throwing our monies down the drain.

A curse for telling taxpayers not to have crutch mentality.

 

[Swiss Standard]

The strategy to use here is of course LONG term investment. That means even my grand mother can also invest....

 

[Goh Meng Seng]

This is not all. This is only the part on Temasek, excluding GIC. And the account is 30 Nov 2008 which is 2 months ago.

My conservative estimate is that the total losses could be as high as $100 billion in total up till now.

Goh Meng Seng

 

[batman1]

When the MIW lost S$58 billion in overseas investments,Yes S$58 BILLION !!!,they will just easily give excuse that it is alright,nothing to worry.Nothing to worry because it is not their money,it is the people's money.
BUT When the jobless citizens want to withdraw some money from their CPF to tide over their financial difficulties,the MIW always say cannot this ,cannot that,so many excuses.

 

[VIBGYOR]

When the MIW lost S$58 billion in overseas investments,Yes S$58 BILLION !!!,they will just easily give excuse that it is alright,nothing to worry.Nothing to worry because it is not their money,it is the people's money.
BUT When the jobless citizens want to withdraw some money from their CPF to tide over their financial difficulties,the MIW always say cannot this ,cannot that,so many excuses.

For this $58 billion, i wonder how many Sinkies

1. Jumped into MRT Tracks.
2. Burn and Whacked MPs.
3. Committed suicides because of financial problems.
4. Burn themselves up.
5. Families argue about money all night
6. Unable to pay housing loan mortgages.
7. Unable to pay utilities bills.
8. Unable to study in Kindergarten.
9. Fought one another over some left over scraps.

Cursed be the nation, whom the people are suffering!!!!

 

[makapaaa]

The strategy to use here is of course LONG term investment. That means even my grand mother can also invest....

But your ah ma got $185B to pray with meh? *chey*​

 

[makapaaa]

>>>Mrs Lim said this is not the first major downturn both soveriegn wealth funds had gone through. She noted that both Temasek and GIC had bounced back from significant reductions in asset values in previous slumps, including the 1997 Asian Financial Crisis. <<<

Which makes it even more damning! This shows that the BEST PAID CBs have not learnt their lessonS. If they're so good, they would have kept the equity in CASH and the $185B should be largely intact. Instead, they acted against common sense used good money to chase after the bad. The worst thing is that they could be hiding the nos. and the truth could even be uglier. FCUK THE FAMILEE! MAY THEY BURN IN HELL!

 

[Cestbon]

It take 5~10 years to make SG$50 billion and only need one years to loss all the money.

 

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">DanBoyNow <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">2:12 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (9 of 24) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>6863.9 in reply to 6863.4 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Bros.
The DEVIL is in the Details.
Check the VERY FIRST PARAGRAPH out.
SINGAPORE: Temasek Holdings' portfolio of investments fell 31 per cent to S$127 billion as of 30 November last year, according to latest data revealed in Parliament on Tuesday.
30th November as a baseline of the REPORT ?
The last month of DECEMBER was the WORST period ever. Why does this report left out the ENTIRE MONTH of December ?
Next.
We know that Temasek and the GIC have sold our our Power Companies to Foreign own companies.
HAVE THE SALE NOT BEEN DONE, Temasek and GIC books will definately be worse.
CLEARLY our Energy Companies are sold to make Temasek and the GIC records to "Perform Credibly" by international standards.
WORLD CLASS CRASS CORPORATE REPORTING BROUGHT TO YOU BY your FRIENDLY IMMORTALS.
Our World class Highest Paid leaders are all skilled in the art of Gourmet Cooking.
The art of COOKING the books have been brought again to its highest heights today by our Capable Elites Wastrels.
Dan

<HR SIZE=1>Edited 2/10/2009 5:49 am ET by DanBoyNow</TD></TR></TBODY></TABLE>

 

[po2wq]

The strategy to use here is of course LONG term investment. That means even my grand mother can also invest....

dey r investing 4 ur gr8-grandchildren 2 use wen dey grow o ...

 

[VIBGYOR]

Bros.
The DEVIL is in the Details.
Check the VERY FIRST PARAGRAPH out.
SINGAPORE: Temasek Holdings' portfolio of investments fell 31 per cent to S$127 billion as of 30 November last year, according to latest data revealed in Parliament on Tuesday.

wholly shit! u mean we lost everything?

 

[eeoror88]

... oh .... my GOD !! .....

 

[Goh Meng Seng]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">DanBoyNow <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">2:12 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (9 of 24) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>6863.9 in reply to 6863.4 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Bros.
The DEVIL is in the Details.
Check the VERY FIRST PARAGRAPH out.
SINGAPORE: Temasek Holdings' portfolio of investments fell 31 per cent to S$127 billion as of 30 November last year, according to latest data revealed in Parliament on Tuesday.
30th November as a baseline of the REPORT ?
The last month of DECEMBER was the WORST period ever. Why does this report left out the ENTIRE MONTH of December ?
Next.
We know that Temasek and the GIC have sold our our Power Companies to Foreign own companies.
HAVE THE SALE NOT BEEN DONE, Temasek and GIC books will definately be worse.
CLEARLY our Energy Companies are sold to make Temasek and the GIC records to "Perform Credibly" by international standards.
WORLD CLASS CRASS CORPORATE REPORTING BROUGHT TO YOU BY your FRIENDLY IMMORTALS.
Our World class Highest Paid leaders are all skilled in the art of Gourmet Cooking.
The art of COOKING the books have been brought again to its highest heights today by our Capable Elites Wastrels.
Dan

<HR SIZE=1>Edited 2/10/2009 5:49 am ET by DanBoyNow</TD></TR></TBODY></TABLE>

Don't say that. Just that they are trying to avoid worst embarrassment, that's all.

Goh Meng Seng

 

[VIBGYOR]

Don't say that. Just that they are trying to avoid worst embarrassment, that's all.

Goh Meng Seng

you planning a coup soon?

count me in! i miss the smell of gunpowder

 

[1sickpuppy]

U know I have a rough mental calculation if the $ they lost in investment were to give each Singaporean family ( Not FT or PR ) just Singaporean family I think all our families will be millionaires right?

 

[dupersuper]

For this $58 billion, i wonder how many Sinkies

1. Jumped into MRT Tracks.
2. Burn and Whacked MPs.
3. Committed suicides because of financial problems.
4. Burn themselves up.
5. Families argue about money all night
6. Unable to pay housing loan mortgages.
7. Unable to pay utilities bills.
8. Unable to study in Kindergarten.
9. Fought one another over some left over scraps.

Cursed be the nation, whom the people are suffering!!!!

well said
fxxk the pap :oIo:

 

[commoner]

HOLE JiNX outdone herself again........

last time $600 mil in electronics in 2 years=1 mil a day +- peanuts

NOW RECORD HOLDER $58bil in 5 years= $11.5bil/year=$1bil/mth=$33mil/day give and take a few packets of peanuts,,,,,,

Super-talented CCB our PM humped,,,,

PM LEE oi,,,,,, your humping costs singaporean $30mil/day,,,,, you are definitely cheap to employ

 

[R4g3]

For this $58 billion, i wonder how many Sinkies

1. Jumped into MRT Tracks.
2. Burn and Whacked MPs.
3. Committed suicides because of financial problems.
4. Burn themselves up.
5. Families argue about money all night
6. Unable to pay housing loan mortgages.
7. Unable to pay utilities bills.
8. Unable to study in Kindergarten.
9. Fought one another over some left over scraps.

Cursed be the nation, whom the people are suffering!!!!

10. Eat outside public toilet for the sake of a job.
11. mental problem
12. lost hope in life, neglect wife or husband, end up partner commit adultary even with teenagers.
13. lost hope in life, neglect children, more ah beng ah lian on the street, create more social problems.
14. resort to Stealing, Robbing or even raping because no money for Pros.
15. Put hopes in gambling, and become an addict, result in more family problems.
16. Lose Jobs, cant find new one, put all saving to start a business, end up money all goes to landlord and heavily in debts.