Ho Jinx Blew Away Another $16B of SGs' Blood & Sweat Money to Help Foreigners

[makapaaa]

[h=2]China, Singapore plans 100b yuan high-tech zone[/h]

June 2nd, 2012 |

Author: Online Press

Singapore Govt has invested in previous industrial parks in China before, like the Suzhou Industrial Park.


CHENGDU – The construction of a 100-billion yuan ($16 billion) high-tech zone was jointly launched Tuesday in Southwest China’s Sichuan province by the provincial government and a Singapore company.

The Singapore – Sichuan High-tech Innovation Park, planned to cover 10.34 square kilometers and house 120,000 residents in Gaoxin district and Tianfu district in Chengdu, capital of Sichuan, is expected to attract an investment of 100 billion yuan from 2012 to 2020.

Under the guidance of Sichuan government authorities, the project will be operated by the Singapore-Sichuan company Sino-Singapore (Chengdu) High-Tech Innovation Park Development Company Ltd., with a registered capital of $297 million, jointly invested by Singapore state-owned company Temasek Holdings and Chengdu High-tech Investment Group, said Tang Hua, deputy director of the development administration of Gaoxin district.
Of the 100 billion yuan investment, 20 billion yuan will be invested by the Sino-Singapore company, mainly for infrastructure construction, while the rest will come from global investors, Tang said.
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Read rest of article from China Daily: http://www.chinadaily.com.cn/bizchina/2012-05/09/content_15245544.htm
.

 

[besotted]

Temasek's BEST EVER investment!

They did some stupid thing to invest in the West, but this is marvellous!

 

[Merl Haggard]

China ghost cities and malls.


[video=youtube;rPILhiTJv7E]http://www.youtube.com/watch?v=rPILhiTJv7E[/video]


No wonder CPF account and withdrawal age keep on going up!

 

[Froggy]

Even billionaires pay only a few millions for Zhang Zhiyi's pussy but we sinkies have to paying billions for a phuajeebye crony.

 

[batman1]

One of the most stupid investments in the world by HJ of course using Singaporean taxpayers' money.

 

[Leckmichamarsch]

[h=2]China, Singapore plans 100b yuan high-tech zone[/h]

June 2nd, 2012 |

Author: Online Press

Singapore Govt has invested in previous industrial parks in China before, like the Suzhou Industrial Park.


CHENGDU – The construction of a 100-billion yuan ($16 billion) high-tech zone was jointly launched Tuesday in Southwest China’s Sichuan province by the provincial government and a Singapore company.

The Singapore – Sichuan High-tech Innovation Park, planned to cover 10.34 square kilometers and house 120,000 residents in Gaoxin district and Tianfu district in Chengdu, capital of Sichuan, is expected to attract an investment of 100 billion yuan from 2012 to 2020.

Under the guidance of Sichuan government authorities, the project will be operated by the Singapore-Sichuan company Sino-Singapore (Chengdu) High-Tech Innovation Park Development Company Ltd., with a registered capital of $297 million, jointly invested by Singapore state-owned company Temasek Holdings and Chengdu High-tech Investment Group, said Tang Hua, deputy director of the development administration of Gaoxin district.
Of the 100 billion yuan investment, 20 billion yuan will be invested by the Sino-Singapore company, mainly for infrastructure construction, while the rest will come from global investors, Tang said.
.
Read rest of article from China Daily: http://www.chinadaily.com.cn/bizchina/2012-05/09/content_15245544.htm
.

& the dorks she puts in charge of this mega buck investment: Wong Kan Seng & Chong Phit Lian

WKS got zip experience in this industry while Chong PL is an escapee from Jetstar before her mistakes catch up with her (smarter than Saw Piak Hwa who over-stayed in SMRT). Her previous experience is mint, forklift trucks ........ nothing to do with this industry.

So our money again gone case.

 

[laksaboy]

Sichuan? Chengdu?

Good luck to your little project when the next earthquake strikes.

 

[Narong Wongwan]

They are multi talented.
Dun need prior experience.

& the dorks she puts in charge of this mega buck investment: Wong Kan Seng & Chong Phit Lian

WKS got zip experience in this industry while Chong PL is an escapee from Jetstar before her mistakes catch up with her (smarter than Saw Piak Hwa who over-stayed in SMRT). Her previous experience is mint, forklift trucks ........ nothing to do with this industry.

So our money again gone case.

 

[Jah_rastafar_I]

China ghost cities and malls.


[video=youtube;rPILhiTJv7E]http://www.youtube.com/watch?v=rPILhiTJv7E[/video]


No wonder CPF account and withdrawal age keep on going up!

China despite having the world's biggest population still has so much space that it can have ghost cities.

 

[Merl Haggard]

China despite having the world's biggest population still has so much space that it can have ghost cities.

Forget about Greece and Euro Union countries going bust.

The big tsunami is gonna cum from China.

Most of the Chinese banks having to hold 64 million units of vacant apartments, houses and shopping malls would go under.

Short Capland!

 

[scroobal]

Spot on. Had a meeting with a chap who is familar with China's property market this morning. He told me that they are still building while units lie vacant left, right and centre. People and intermediaries are getting paid while shell companies are going to be holding the units.

Forget about Greece and Euro Union countries going bust.

The big tsunami is gonna cum from China.

Most of the Chinese banks having to hold 64 million units of vacant apartments, houses and shopping malls would go under.

Short Capland!

 

[I_Hate_Pappies]

Forget about Greece and Euro Union countries going bust.

The big tsunami is gonna cum from China.

Most of the Chinese banks having to hold 64 million units of vacant apartments, houses and shopping malls would go under.

Short Capland!

This is very true.

 

[shittypore]

Sinkies fav song, There Goes my Everything..........

Spot on. Had a meeting with a chap who is familar with China's property market this morning. He told me that they are still building while units lie vacant left, right and centre. People and intermediaries are getting paid while shell companies are going to be holding the units.

 

[makapaaa]

[h=2]Market analyst: Temasek Holdings’ investment in Europe runs against stream of ‘common thinking’[/h]Posted by temasektimes on June 2, 2012
Just when most investors are getting out of Europe which is currently gripped by a crippling debt crisis with Greece looks set to exit the Eurozone soon, Singapore’s sovereign wealth fund Temasek Holdings is making a bold leap into the unknown by looking for opportunities there.
In an interview with the state media, Temasek’s head of strategy Chia Song Hwee said the investment firm is now looking at European firms with good operations and strong businesses outside the region:
“In the current market environment, as you know, there are market imbalances… So there is an abundance of opportunities for us to tap. However, the most difficult part of picking up opportunities in such an environment is what is the right time, what is the right valuation for the risk-reward proposition,” he said.
Acquisitions in Europe would mark a departure from Temasek’s recent investment activities, which focused on top banks in China and other other emerging economies.
One market strategist for IG Markets Singapore Justin Harper described Temasek’s European foray as flying in the face of market sentiment on the region:
“They seem to be contradicting what most people are doing, a lot of people are saying get out (of Europe), if they have not done that already they’ve got more problems to come…That raises eyebrows from the point of view that they’re going against the stream of common thinking.”
During the peak of the financial crisis in 2009, Temasek Holdings snapped up ailing banks Bank of America and Merrill Lynch on the ‘cheap’. Its investment decision was then criticized by U.S. investment guru Jim Rogers who predicted that Temasek will lose ‘a lot of money’ which eventually came true.