It's the economy, stupid.
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Erm, since they started with 354 million then and ended up a portfolio of around 160 billion today, they are an investment house....i gather that they got the billions from profits derived over the years.Originally posted by Fingolfin_Noldor:And where did the few billions to invest in Shin Corp come from? -
Does private investment houses of the world have constant inflow of funds for them to invest such that they no need worry about cash inflow?
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I would be careful to just simply base off the current data provided. For starters, they have not produced the books for the last few decades for us to see.Originally posted by kramnave:Erm, since they started with 354 million then and ended up a portfolio of around 160 billion today, they are an investment house....i gather that they got the billions from profits derived over the years. -
If they have problems with cash inflow then they should have had investments in short-term liquid assets.Originally posted by reddressman:Does private investment houses of the world have constant inflow of funds for them to invest such that they no need worry about cash inflow? -
Go to their website lor, they have some group financial statements for you to see and their major holdings. Can be skeptical lah but aiyah like that if every thing government do also skeptical very tiring one.Originally posted by Fingolfin_Noldor:I would be careful to just simply base off the current data provided. For starters, they have not produced the books for the last few decades for us to see. -
True. But quite frankly, I see no reason for not opening the books, unless they did something wrong and they don't want to tell us all about their misadventure.Originally posted by kramnave:Go to their website lor, they have some group financial statements for you to see and their major holdings. Can be skeptical lah but aiyah like that if every thing government do also skeptical very tiring one. -
True. Even though it has been very profitable, profits were derived from Singaporeans money and profits are still money belonging to Singaporeans as we are its stakeholders.Originally posted by Fingolfin_Noldor:True. But quite frankly, I see no reason for not opening the books, unless they did something wrong and they don't want to tell us all about their misadventure.
However, as much as i want to know every detail, no investment house would logically bare everything for all to see. That is the dilemma. -
If it is allowed by them, our late Mr Ong would have been successful to accomplish his mission.Originally posted by kramnave:True. Even though it has been very profitable, profits were derived from Singaporeans money and profits are still money belonging to Singaporeans as we are its stakeholders.
However, as much as i want to know every detail, no investment house would logically bare everything for all to see. That is the dilemma. -
I have a question.Originally posted by kramnave:True. Even though it has been very profitable, profits were derived from Singaporeans money and profits are still money belonging to Singaporeans as we are its stakeholders.
Why is it that as the nation progress, it seems to be getting more expensive to live? Many people , who are not the rich, are finding it tougher and tougher to earn a living or support the rising cost of living and finding it less certain about their future and retirement? Rice bowl protection is getting more challenging than ever. Constant upgrades and learning just to keep up. How to live longer when medical cost is rising and will be rising? How to retire the way you want, after all you deserve it - its your life, as the cost of living increases?
PROGRESS - what does it mean for you, the stakeholders?
Progress for you. ? -
Developed country problemOriginally posted by reddressman:I have a question.
Why is it that as the nation progress, it seems to be getting more expensive to live? Many people , who are not the rich, are finding it tougher and tougher to earn a living or support the rising cost of living and finding it less certain about their future and retirement? Rice bowl protection is getting more challenging than ever. Constant upgrades and learning just to keep up. How to live longer when medical cost is rising and will be rising? How to retire the way you want, after all you deserve it - its your life, as the cost of living increases?
PROGRESS - what does it mean for you, the stakeholders?
Progress for you. ? -
After all the Hamsters, Retards, Down Syndrome, Supply and Demand, let me go back to my original topic:
So long as our economy is strong, healthy and jobless rate low, why should I choose the opposition?
Why?
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Originally posted by rojak12:
Because there's a need for balancing of political power.
After all the Hamsters, Retards, Down Syndrome, Supply and Demand, let me go back to my original topic:
[b]So long as our economy is strong, healthy and jobless rate low, why should I choose the opposition?
Why? [/b] -
Will economy be better and more job being created?Originally posted by (human):Because there's a need for balancing of political power. -
What do you think of the WP manifesto ?Originally posted by rojak12:Will economy be better and more job being created? -
Under Economic Policy, Section C, Others:Originally posted by kramnave:What do you think of the WP manifesto ?
"2. There should be a waiver of Goods and Services Tax (GST) on basic necessities. Although GST is a consumption tax, it should be the consumption of luxury goods that should be taxed. Basic necessities such as rice should not be taxed at all."
Just for discussion sake, there are many different grades of rice. So should "luxury" rice be taxed?
What are luxury goods? Are mouth wash basic necessities? How about all goods in NTUC supermarket (since nothing luxury inside) should not be taxed? Then will other supermarket survive?
The manifesto is interesting and "feel good" to read, but how about implementation?
If government waived all GST for NTUC supermarket, what will be the response? -
It have to depend how global is changing and the person who is placed to take charge. You won't want Some one specialising in Engineering to be placed leading Finiance investment of the nation. (e.g Temasek Holding)Isn't it?Originally posted by rojak12:Will economy be better and more job being created? -
Ng Yat Chung MD of portfolio management TemasekOriginally posted by (human):It have to depend how global is changing and the person who is placed to take charge. You won't want Some one specialising in Engineering to be placed leading Finiance investment of the nation. (e.g Temasek Holding)Isn't it?
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Please lah, you think that person made all the decisions?Originally posted by (human):It have to depend how global is changing and the person who is placed to take charge. You won't want Some one specialising in Engineering to be placed leading Finiance investment of the nation. (e.g Temasek Holding)Isn't it? -
What about the rest of the economic policy that are not under others ?Originally posted by rojak12:Under Economic Policy, Section C, Others:
"2. There should be a waiver of Goods and Services Tax (GST) on basic necessities. Although GST is a consumption tax, it should be the consumption of luxury goods that should be taxed. Basic necessities such as rice should not be taxed at all."
Just for discussion sake, there are many different grades of rice. So should "luxury" rice be taxed?
What are luxury goods? Are mouth wash basic necessities? How about all goods in NTUC supermarket (since nothing luxury inside) should not be taxed? Then will other supermarket survive?
The manifesto is interesting and "feel good" to read, but how about implementation?
If government waived all GST for NTUC supermarket, what will be the response? -
You have to ask the person.Originally posted by rojak12:Please lah, you think that person made all the decisions? -
I choose the one which I think will affect me. What you think of the others?Originally posted by kramnave:What about the rest of the economic policy that are not under others ? -
Ask him for what? Will my life change if I find out he made a mistake?Originally posted by (human):You have to ask the person. -
Well you asked whether the economy will be better or not and whether there will be more jobs created. So i thought you might want to read WP's Manifesto and make a view for yourself. Personally, i feel that the question of yours can't be answered.Originally posted by rojak12:I choose the one which I think will affect me. What you think of the others?
With regard to the manifesto i think that it is a good effort albeit too vague. There are a few proposals that run concurrent with PAP ideals as well...like the attraction of international talent and the development of the finance industry, including attraction of funds of high net worth individuals.
I would like to see them work along these lines. I'm pretty bored of people saying that Singaporeans should vote for the opposition because PAP blah blah blah. I'm waiting for the day that maybe people can say that vote for WP because of blah blah blah.
Whether the economy will be good or bad is anybodys guess. Chee Soon Juan has said PAP reneged on its election promises as the economy was bad post 98 till 2003. Raymond Lim asks if we have progressed from 5 years ago. Why compare a period where there were external factors like the Asian economic crisis and SARS ? I must admit that we were not raped when the things were not looking good for the region and when globally things picked up, we moved along as well. Guess that is the minimum we expect.
As for the original topic of the thread, keep yourself updated on the WP's manifesto and ideals. Maybe one day you'll find something you like. Perhaps there are other things outside the economy that will make you want to vote for the opposition. -
Originally posted by kramnave:
I read mah and I said I chose the one (for discussion) which I think will affect me (everyday in fact) - about GST.
[b]
Well you asked whether the economy will be better or not and whether there will be more jobs created. So i thought you might want to read WP's Manifesto and make a view for yourself.....b] -
economy better and more jobs created[/b]Originally posted by rojak12:I read mah and I said I chose the one (for discussion) which I think will affect me (everyday in fact) - about GST.