GIC loses another $50 Billion - after Temasek ?
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Originally posted by Man!x:
Work for a better tommorrow? The public do not have much say on how the country is run, how to "work for better tommorow". Its not even within our means. Unless you count planting flowers or trees to improve the enviroment as one way to move forward. And why should i just ignore the failings of the current govt when they are fecking paid big bucks, more than the international average for politicians. I want heads to roll! damn it!
Giving money is a sign for good goverment? do tell me how much that money can change the standard of living for most of us? for one is too buy something new or extra money for the month, for another it means eating an extra dish for each meal for a month or so. Even that it depends whether it is hawker, food court or restaurant meal. Like that transsexual faggot Vivian have said boldly.
the gahmen is not the same as before. it has become self-serving, greedy and arrogant.
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You can don't collect the public money in the first place. You can don't gamble with what you collect.
Gambling addicts will always be gambing addicts.
Dishonorable people wil always be dishonorable.
The curses on them will always rub off on the people that support them and if the country supports them, the curses will always rub off on the country and lightning will strike the statue representing the country as a warning for people to stop supporting them or else...
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Originally posted by AndrewPKYap:
You can don't collect the public money in the first place. You can don't gamble with what you collect.
Gambling addicts will always be gambing addicts.
Dishonorable people wil always be dishonorable.
The curses on them will always rub off on the people that support them and if the country supports them, the curses will always rub off on the country and lightning will strike the statue representing the country as a warning for people to stop supporting them or else...
Huh? I thot govt gives money this month...
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angie why u so poor thing.....talking alone.....
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One of these day, Temasek, GIC or both will get SG into deep shit.
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Originally posted by kira.sg:
One of these day, Temasek, GIC or both will get SG into deep shit.
huh? i thot we are already in deep shit, just waiting to get drown. -
every SWF lose in 2008.
Are Temasek and GIC the worst??
The Norwegian Government Pension Fund - Global: 2008 is the worst year in the history of the fund
''2008 was a dramatic year, with equity markets nearly halving in value. This is reflected in the Fund’s return, which last year ended up at -23.3 per cent (measured in international currency terms).
The Norwegian krone value of the Fund rose from NOK 2 019 billion to NOK 2 275 billion. High petroleum revenues and a weaker krone contributed positively, by NOK 384 billion and NOK 506 billion respectively, while investment returns reduced the Fund’s value by NOK 633 billion.
- The investment returns are very poor, but within the possible range that was assumed when the investment strategy was established. The Fund’s investment strategy is long-term, robust and well-understood by the stakeholders. Investments are made on the basis on what is best for the Fund in the long run, and recent developments have not lead us to review the strategy, says Ms Halvorsen.''
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Originally posted by 4sg:
angie why u so poor thing.....talking alone.....
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Originally posted by kira.sg:
One of these day, Temasek, GIC or both will get SG into deep shit.
Into sewerage?