CPF vs. Temasek; Our Retirement Funds a Cause for Concern???
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I might be overreacting or wrong here, because I do not know what percentage of Temasek funds belong to the MAS, which ultimately belongs to CPF members.
If all our CPF funds in MAS is placed in Temasek, I would be concern about my money. Whether they can payout our retirement money when it's time for us to retire?
In 2006 CPF has "Long Term Investments" of "$108,096 millions" in it's Balance Sheet.
In 2006 MAS owes CPF Board $108,096 millions (under 10. Long Term Investments) in it's Balance Sheet.
Temasek obtains it's funding from MAS and Temasek's Shareholder's Equity in the Group Balance Sheet 2006 is $90,630 million.
There is a shortfall of $17,466 millions ($108,096 - $90,630), I wonder with the current investment strategy Temasek is making, will the CPF Board be able to meet all future liabilities to it's members when they fall due (without leading to inflation, as MAS could always increase the money supply to meet it's liabilities to CPF Board).
Of course this is all hypothetical, as I do not know the extent of funding MAS extends to Temasek. But if all the Long Term Investments in CPF Board goes to Temasek, there might be a cause for concern.
Everything stated here is hypothetical, so readers should exercise caution interpreting the figures shown, and not presume that they are all facts. I made alot of assumptions, so I could be wrong in my analysis.
Source: CPF Board
Source: CPF Board
Source: Temasek -
Maybe that's the reason for the 2% GST increase, the increase in Minimum Amount in CPF and the increase in Retirement Age.
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....and there's hint that there might be a change in the CPF education scheme.
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Perhaps to limit the outflow of CPF funds.Originally posted by googoomuck:....and there's hint that there might be a change in the CPF education scheme.
I wonder who checks and ensures that their accounts are proper, if the management are not performing up to standards, they are terminated without prejudice.
Minister of Finance checks up on CEO of Temasek?
Much like husband checking up on wife.
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Just think of CPF as "STAYING IN SINGAPORE TAX", then you won't feel so much heartache. Anyway, Singaporeans are a bunch of spineless whiny cowards so don't waste your breath.
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I have a few queries:Originally posted by maurizio13:In 2006 CPF has "Long Term Investments" of "$108,096 millions" in it's Balance Sheet.
In 2006 MAS owes CPF Board $108,096 millions (under 10. Long Term Investments) in it's Balance Sheet.
Temasek obtains it's funding from MAS and Temasek's Shareholder's Equity in the Group Balance Sheet 2006 is $90,630 million.
[b]There is a shortfall of $17,466 millions ($108,096 - $90,630), I wonder with the current investment strategy Temasek is making, will the CPF Board be able to meet all future liabilities to it's members when they fall due (without leading to inflation, as MAS could always increase the money supply to meet it's liabilities to CPF Board).
1) Does Temasek obtain its funding only from CPF funds?
2) Temasek's Shareholder Equity of $90,630 m is derived after minusing liabilities. So by right, there is no reason why it should tally with CPF's long term investment figure of $108,096 m (since it is pure investment)? -
1) There might be other funds received by Temasek, as there exist Current Liabilities and Non-Current Liabilities.Originally posted by Rock^Star:I have a few queries:
1) Does Temasek obtain its funding only from CPF funds?
2) Temasek's Shareholder Equity of $90,630 m is derived after minusing liabilities. So by right, there is no reason why it should tally with CPF's long term investment figure of $108,096 m (since it is pure investment)?
2) Temasek's Shareholder's Equity of $90,630 is derived from their Total Assets (what they own) less their Total Liabilities (what they owe), the leftover is what shareholder's can get back. It's not a matter of tallying the 2 figures, those 2 figures are not suppose to tally anyway. But the difference between the 2 figures is $17,466 millions.
With all those "investment gains" that Temasek is making, I would at least expect the Temasek's Shareholder's equity to be greater than the loan given to MAS from CPF Board. Instead it's a loss of $17.5 billions. -
It seems a little odd to me that Temasek, being the govt's investment arm, is only worth $90b.Originally posted by maurizio13:1) There might be other funds received by Temasek, as there exist Current Liabilities and Non-Current Liabilities.
2) Temasek's Shareholder's Equity of $90,630 is derived from their Total Assets (what they own) less their Total Liabilities (what they owe), the leftover is what shareholder's can get back. It's not a matter of tallying the 2 figures, those 2 figures are not suppose to tally anyway. But the difference between the 2 figures is $17,466 millions.
With all those "investment gains" that Temasek is making, I would at least expect the Temasek's Shareholder's equity to be greater than the loan given to MAS from CPF Board. Instead it's a loss of $17.5 billions. -
what about singapore technologies?Originally posted by Rock^Star:It seems a little odd to me that Temasek, being the govt's investment arm, is only worth $90b. -
The China Development Bank (CDB) and Temasek, the investment arm of the Singaporean government, have invested £2.4bn (3.6bn euros) in Barclays.
And they will invest a further £6.5bn if the ABN takeover goes through.
If Barclays acquires ABN, the Chinese state would emerge with a shareholding of 7.7% in the enlarged group.
It has pledged not to raise its stake to more then 9.9% of the group over the next three years.
A smaller stake of about 3% would be taken by Temasek - which is owned by the Singapore government but says all investment decisions are made independently.
The company, whose chief executive is the wife of Singapore's prime minister, has about $80bn under management.
Britain's Barclays bank said it would increase its offer for Dutch bank ABN Amro to about $93.2 billion, including $34.2 billion in cash, by selling as much as 19 percent of itself to two Asian state-run banks. The bid still fell short of a rival $98 billion offer from a consortium of banks led by Royal Bank of Scotland, which includes about 93 percent cash. (MarketWatch) The two Asian banks, China Development Bank and Singapore's Temasek Holdings, will buy a combined $5 billion in Barclays shares now, and another $13.5 billion if the ABN acquisition is successful. -
2.do u mean MAS just print more sg bank note to pay debts to CPF??Originally posted by maurizio13:(without leading to inflation, as MAS could always increase the money supply to meet it's liabilities to CPF Board). -
maurizio13, dont waste time giving us all that BS lah. Beside Temasek, havent your heard of another investment arm call GIC?
Save your time lah, I think you are better at talking about how to shoot sper.m into people's mouth and of course your favourist subject, sniffing panties.
There was once I went to a friend's place to check out his new audio system..Â…..my friend was staying in the nice apartment together with his sister (who is Singapore supermodel ) and parents, who were away on that dayÂ…Â….....when I first arrive, nobody was there accept for my friendÂ….....then at about 10.30 in the eveningÂ…......this tall, gorgeous looking girl walks inÂ…that was the first time that I see his sister in person...Â….she was stunning, wearing this worn out jeans and white T-shirt....Â…..she was very friendly and sat down with us for about 15 mins before going to her room to take her showerÂ…Â…Â….(her sister room is actually linked to the common toilet that I have been using before she came back)Â…Â…..and after about 20minsÂ…..Â….her sister open the toilet doorÂ…..and I quickly make my way to the toilet cause I need to pee badlyÂ….
When I was enjoying my peeÂ…Â…Â….I was shock to see sometime lying on the laundry basket cover Â…..it was my friend sister's used panties and bra...she just remove a few minutes agoÂ…and you can see that the stain on it is still wet....(must have forgotten that I am in the house)Â…..when I see thatÂ…....my heart start to pump in double quick timeÂ…and without much thinking........my hands went straight down to reach for itÂ…Â…..the panties that I was holding is white in color......and it comes with some yellowish stain Â…...Â…while I am holding itÂ….....my mind was trying to picture her supermodel face together with the pantiesÂ…Â….man it was really mind blowÂ…...then I start to smell itÂ…Â…..
I know it might sound sick and crazyÂ…Â…Â…but the curiosity of knowing how a supermodel pu$$y smells like is just irresistible. -
Originally posted by Gazelle:
Must provide others with link to your page, else others might think I am a retarded monster.
maurizio13, dont waste time giving us all that BS lah. Beside Temasek, havent your heard of another investment arm call GIC?
Save your time lah, I think you are better at talking about how to shoot sper.m into people's mouth and of course your favourist subject, sniffing panties.
[b]There was once I went to a friend's place to check out his new audio system..Â…..my friend was staying in the nice apartment together with his sister (who is Singapore supermodel ) and parents, who were away on that dayÂ…Â….....when I first arrive, nobody was there accept for my friendÂ….....then at about 10.30 in the eveningÂ…......this tall, gorgeous looking girl walks inÂ…that was the first time that I see his sister in person...Â….she was stunning, wearing this worn out jeans and white T-shirt....Â…..she was very friendly and sat down with us for about 15 mins before going to her room to take her showerÂ…Â…Â….(her sister room is actually linked to the common toilet that I have been using before she came back)Â…Â…..and after about 20minsÂ…..Â….her sister open the toilet doorÂ…..and I quickly make my way to the toilet cause I need to pee badlyÂ….
When I was enjoying my peeÂ…Â…Â….I was shock to see sometime lying on the laundry basket cover Â…..it was my friend sister's used panties and bra...she just remove a few minutes agoÂ…and you can see that the stain on it is still wet....(must have forgotten that I am in the house)Â…..when I see thatÂ…....my heart start to pump in double quick timeÂ…and without much thinking........my hands went straight down to reach for itÂ…Â…..the panties that I was holding is white in color......and it comes with some yellowish stain Â…...Â…while I am holding itÂ….....my mind was trying to picture her supermodel face together with the pantiesÂ…Â….man it was really mind blowÂ…...then I start to smell itÂ…Â…..
I know it might sound sick and crazyÂ…Â…Â…but the curiosity of knowing how a supermodel pu$$y smells like is just irresistible.
[/b]
http://politics.sgforums.com/?action=thread_display&thread_id=88447&page=0 -
thats your job!!Originally posted by maurizio13:Must provide others with link to your page, else others might think I am a retarded monster.
http://politics.sgforums.com/?action=thread_display&thread_id=88447&page=0