Ho Ching to leave Temasek Holdings
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When you have a dishonorable despot and his dogs practicing cronyism, nepotism, and making policies in the interests of self, relatives, cronies and dogs and persecuting dissidents, activists, opposition, why should anyone be surprised when a country faces downfall?
Continue to be prepared for the downfall of Singapore
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Five-day workweek= poor work-life balance?
AsiaOne - 4 hours ago
By LEDIATI TAN In a controversial speech in Parliament last Wednesday, Nominated MP Loo Choon Yong said the move by the public and private sectors in 2004 to have a five-day work week could have eroded the Singaporean work ethic.Right, dog, blame everyone else while you continue to lick despotic asses.
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Temasek portfolio falls 31%
Financial Times - 1 hour ago
By John Burton in Singapore Temasek Holdings, the Singapore state investment company, suffered a 31 per cent fall in the value of its portfolio from S$185bn ($123bn) to S$127bn in the eight months to the end of November last year, the government said ...Why? Dare not say what is it now? Figures only for up to Nov last year?
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Ho Ching announces retirement last week and today the news came out that Temasek lost 31%.
Who are they kidding when they say Ho Ching is leaving not because of performance? If that is indeed the case why didn't Temasek announce a 31% loss and then do the news on Ho Ching's departure since they are independent events?
Anyway, the news that Temasek outperforming equity indices is rubbish. Temasek cannot be 100% vested in equities, otherwise they are not fulfilling the principal directive for a SWF,which is protection of capital. Even for an aggressive portfolio at least 20% should be in liquid assets like Govt bonds or cash. And if indeed 20% is placed in govt bonds (i.e US treasuries, Japanese bonds or German bonds). These bonds would have outperformed last year by at least 10-20% due to risk adversion from equities. If that's the case simple back of the hand calculations would have shown that the other 80% of assets would have depreciated by about 45% which is roughly in line with the MSCI indices.
Also, Temasek's performance should be benchmarked with hedge funds and not an equity index as it's more comparable.
Here's one such index -> http://www.eurekahedge.com/indices/default.asp
From this the Global Hedge Fund index only lost 12.5% in 2008, but Temasek lost a whopping 31%. Clearly, Temasek is underperforming the average hedge fund or the market!
Bottomline is Temasek's performance is just terrible and Ho Ching got removed because of it. The media and govt is just trying to take the average singaporean for a ride with nice comparison and articles to spin a good story. But it's such a lousy spin with obvious loopholes, it just makes one wonder whether our govt is really capable of doing anything well. If we are to pay our civil servants millions of dollars, Singaporeans should deserve a much better spin to make us feel at ease and glow with happiness!!
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Temasek cannot serve as rescue agency
AsiaOne - 37 minutes ago
TEMASEK Holdings must stick to making investments on a purely commercial basis and cannot swoop in to rescue ailing local companies, as some MPs have suggested, said Senior Minister of State for Finance Lim Hwee Hua yesterday.
Kuwait, Singapore funds lose on finance bets International Herald Tribune
Temasek Holdings Loses 31 Percent of Portfolio New York Times
Financial Times - Channel News Asia - BBC News - Wall Street Journal
all 65 news articles »Can rescue ailing US and British banks but own Singapore companies cannot. Asslickers.
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Originally posted by ShitSandwich:
Anyway, the news that Temasek outperforming equity indices is rubbish. Temasek cannot be 100% vested in equities, otherwise they are not fulfilling the principal directive for a SWF,which is protection of capital. Even for an aggressive portfolio at least 20% should be in liquid assets like Govt bonds or cash. And if indeed 20% is placed in govt bonds (i.e US treasuries, Japanese bonds or German bonds). These bonds would have outperformed last year by at least 10-20% due to risk adversion from equities. If that's the case simple back of the hand calculations would have shown that the other 80% of assets would have depreciated by about 45% which is roughly in line with the MSCI indices.
Also, Temasek's performance should be benchmarked with hedge funds and not an equity index as it's more comparable.
Here's one such index -> http://www.eurekahedge.com/indices/default.asp
From this the Global Hedge Fund index only lost 12.5% in 2008, but Temasek lost a whopping 31%. Clearly, Temasek is underperforming the average hedge fund or the market!
Bottomline is Temasek's performance is just terrible and Ho Ching got removed because of it. The media and govt is just trying to take the average singaporean for a ride with nice comparison and articles to spin a good story. But it's such a lousy spin with obvious loopholes, it just makes one wonder whether our govt is really capable of doing anything well. If we are to pay our civil servants millions of dollars, Singaporeans should deserve a much better spin to make us feel at ease and glow with happiness!!
Are you kidding me, the usual stock falling give rise to bonds appreciation, cos most peoples will diversify their pathetic stock into bonds for save keeping with of cos, less return. However, in today economic crisis, the funny thing is, the bonds are also doing badly, this indicate that most peoples either prefer to hold their money, as my Uncle Andrew advices, on fix or have lost all if not most of their stock porfolios. And in desparate situation, peoples are selling their bonds to pay for their mortages and bankruptcy debts. Therefore bonds is not performing well.
Temasek went bersek becos the stock if falling and also the bonds is also falling, therefore the lost is deep. Anyway, unless they sold at a lost, which is a real lost, if not, for the moment, it is only a paper lost.
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Originally posted by AndrewPKYap:
Temasek cannot serve as rescue agency
AsiaOne - 37 minutes ago
TEMASEK Holdings must stick to making investments on a purely commercial basis and cannot swoop in to rescue ailing local companies, as some MPs have suggested, said Senior Minister of State for Finance Lim Hwee Hua yesterday.
Kuwait, Singapore funds lose on finance bets International Herald Tribune
Temasek Holdings Loses 31 Percent of Portfolio New York Times
Financial Times - Channel News Asia - BBC News - Wall Street Journal
all 65 news articles »Can rescue ailing US and British banks but own Singapore companies cannot. Asslickers.
Uncle, take medicine or not?? Aiya, u know why they must rescue those ailing US n British banks, cos they invest alot in them mah, if these banks go bust, more singapore companies will also be gone for good, so save the problem at the nip of the root, not simply saving leaves and flowers, which will not hv growth without the root.
Understand!!!! go take your medicine ya
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Originally posted by angel7030:
Uncle, take medicine or not?? Aiya, u know why they must rescue those ailing US n British banks, cos they invest alot in them mah, if these banks go bust, more singapore companies will also be gone for good, so save the problem at the nip of the root, not simply saving leaves and flowers, which will not hv growth without the root.
Understand!!!! go take your medicine ya
Let the British and American governments rescue their own banks.... Why should the despots do it and then say they cannot rescue Singapore companies?
I thought you only lick the despots' assholes but it looks like you are sarong party ger as well.... 4 letters for you... AIDS.
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Originally posted by AndrewPKYap:
Let the British and American governments rescue their own banks.... Why should the despots do it and then say they cannot rescue Singapore companies?
I thought you only lick the despots' assholes but it looks like you are sarong party ger as well.... 4 letters for you... AIDS.
Because singapore companies are pegged to American and British banks, our MM and PM are western trained, harvard and cambridge scholars, their ideologies of business belong to the west, we are different, we are north bridge road and geyland trained, there fore we alway think of singapore only, as MM said, think big, think global, dun keep yourself in the well!!!You take the right medicine in time and on time ok, otherwise you may develope complication...4 letters for you in return...HIVs
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Originally posted by angel7030:
Because singapore companies are pegged to American and British banks, our MM and PM are western trained, harvard and cambridge scholars, their ideologies of business belong to the west, we are different, we are north bridge road and geyland trained, there fore we alway think of singapore only, as MM said, think big, think global, dun keep yourself in the well!!!You take the right medicine in time and on time ok, otherwise you may develope complication...4 letters for you in return...HIVs
What an idiot you are and what idiots they are. Didn't you read USA needed US$700 billion and now they need more to rescue their banks?
You sell your backside no one wants, where are you going to find US$1 trillion to bail them out?
You think that just because you call yourself "Angel of God" your hell money has any value?
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Most likely due to thisn issue,SG Gov had to dig into reserves funds.
But not entirely Ho Ching's fault,just put the blame on all those damn American banks who collapse & causing the economy downfall.
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Of course have to blame the ass-hole-jinx and despots that took the money from Singaporeans to enable them to take massive amounts for their own pockets and gamble away massive amounts. Blame the American banks for what? Nobody forced the ass-hole-jinx to buy the American bank shares. It was her own gambling addiction.
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Originally posted by AndrewPKYap:
Of course have to blame the ass-hole-jinx and despots that took the money from Singaporeans to enable them to take massive amounts for their own pockets and gamble away massive amounts. Blame the American banks for what? Nobody forced the ass-hole-jinx to buy the American bank shares. It was her own gambling addiction.
well said. they don't gamble with their own money so it is OK to lose such huge amount. It is the peasants' money they are losing. vote PAP out
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Originally posted by Flyingarrowz:
Most likely due to thisn issue,SG Gov had to dig into reserves funds.
But not entirely Ho Ching's fault,just put the blame on all those damn American banks who collapse & causing the economy downfall.
Continue to be blind.....you don't pay people sitting there with common view and blame others. NOBODY POINT a Gun in her head to go into subprime bond....
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Originally posted by Arapahoe:
Continue to be blind.....you don't pay people sitting there with common view and blame others. NOBODY POINT a Gun in her head to go into subprime bond....
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Name change for Temasek Holdings?
For the past few years, Temasek Holdings has been plagued by endless troubles. For example, it failed to seize control of the Thai, Malaysian or Indonesian economies.
Perhaps a name change would help to change its luck for the better!
If there is a name change, which of the following name is most suitable?
1) CMI Holdings
2) CBL Holdings
3) TCSS Holdings
4) Honest Mistakes Holdings
5) Extraordinary Holdings
6) Double Standards Holdings
7) Fireworks Holdings
8) Paper Losses Holdings
9) Third Generation Holdings
10) Meritocracy Holdings
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How come she still stick around till Oct? Why not immediate? Does that mean still have to pay her high salary? All top mgt of Temasek should cough up all their bonuses & take big pay cut for their losses, some ought to be sacked- then there is accountability!
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She has got to hand over to the new guy.
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he's handing a pile of shit to the new guy?
still, the PM's husband is handing stuff to a guy named.. Chip..
ahahahaha
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Originally posted by Mastersldragon:
Name change for Temasek Holdings?
For the past few years, Temasek Holdings has been plagued by endless troubles. For example, it failed to seize control of the Thai, Malaysian or Indonesian economies.
Perhaps a name change would help to change its luck for the better!
If there is a name change, which of the following name is most suitable?
1) CMI Holdings
2) CBL Holdings
3) TCSS Holdings
4) Honest Mistakes Holdings
5) Extraordinary Holdings
6) Double Standards Holdings
7) Fireworks Holdings
8) Paper Losses Holdings
9) Third Generation Holdings
10) Meritocracy Holdings
None of the above. Maybe Leemasek Holdings best...
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Originally posted by Flyingarrowz:
But not entirely Ho Ching's fault,just put the blame on all those damn American banks who collapse & causing the economy downfall.
Are you for real? If yes, you better stand in front of the flying arrows.
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Originally posted by angel7030:
Are you kidding me, the usual stock falling give rise to bonds appreciation, cos most peoples will diversify their pathetic stock into bonds for save keeping with of cos, less return. However, in today economic crisis, the funny thing is, the bonds are also doing badly, this indicate that most peoples either prefer to hold their money, as my Uncle Andrew advices, on fix or have lost all if not most of their stock porfolios. And in desparate situation, peoples are selling their bonds to pay for their mortages and bankruptcy debts. Therefore bonds is not performing well.
Temasek went bersek becos the stock if falling and also the bonds is also falling, therefore the lost is deep. Anyway, unless they sold at a lost, which is a real lost, if not, for the moment, it is only a paper lost.
Maybe can buy T Bills .... A friend is smart enough to go and buy it sometime back ...He did made some money out of it .... -
We shall wait for the announcement on where will ho jingx go next.
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Originally posted by xtreyier:
C'mon guys, enough of the doom and gloom. Is it of any pleasure for singaporeans to be reminded of PAPER LOSSSES daily? What purpose can it serve except to make singaporeans sink further? Did anyone gave solutions on how he/she can turn those paper losses into real profit today?
Push for regime change by all means, but do spare a thought for the common citizens who have to face the grind daily in this crisis. They really don't need the reminder. And i doubt if they will care much for the people who force fed this reminder daily.
Many had claim they would set aside partisanship in a crisis and unite to help. Those who left our shores claimed and proffessed they will help too when we citizens are in dire straits. That time has come. We are in a crisis now of unprecedented proportions. And who actually meant their words?
Think of your fellow citizens for once please, unless you are not a singaporean and likely some outsider who takes pleasure in seeing singaporeans down and out or dead.
It can't be more true. Well said.
The bunch of fools here are labelling the neutrals as fools for not siding with them.
I wonder who is more foolish, the blind leading the blind or those who point to the blind that they are leading themselves to death through NATO (No Action Talk Only).
Bitch, Moan, Whine. You guys only know how to BMW and kpkb the govt. I will really like to see you guys in the hot seat one day. I am not sympathetic towards Ho Ching. In fact I think she screwed up the Shin Corp thingy badly.
However, let's ask yourselves, which human doesn't folly? You have a right to criticise only if you can do a better job than the person.
If not, just diam diam and carry on with your own lives. Normal people have got better things to bother.
Oh wait a minute, you guys have a life in reality. Or do you?
Don't give me the Dr-Chee-Soon-Juan-predicted-this-coming-and-he-would-have-done-much-much-better-than-the-senile-despot crap. Dr CSJ is no better than the regime. He only knows how to NATO and pay lip service only. Getting himself thrown into jail? OMG I don't want to see him managing Temasek Holdings if he doesn't know how to manoevure a political mindfield.
All in all, you guys can kpkb the regime all you want and worship-cum-grovel at the feet of Dr CSJ.
You guys are pseudo-peasants who come here to BMW only. Who knows, you guys may just be PAP agents that serve to make the opposition look bad!
The true peasants don't give a fuck. Truly. We have got better things to bother about, like thinking about how to fill our bowls for the next meal.
Pardon my language. It's the language of a true-blue peasant. Don't understand it? Too crude for you? Fuck off. We have no need for you people who only know how to kpkb about the regime while promoting your Dr Chee Soon Juan cult.
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fools. ha haha. the fools calling others fools. an arrogant toad, teraexa