ST censors segments of Reuters interview with MM
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"Straits Times mentioned that the portfolio of Singapore’s sovereign wealth fund GIC has fallen about 25 per cent from its peak due to the financial crisis, but it deliberately left out Reuters’ crucial statement that “the value of the fund was around $300 billion a year ago“.
If the figures provided by Reuters were accurate, this means that GIC is staring at a potential loss of some $75 billion dollars and taken together with Temasek’s loss of $58 billion dollars, we would have lost $133 billion dollars of our reserves in less than a year. These were 2008’s figures before the financial meltdown. I dare not imagine how much we have lost by now."
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These days still got press censorship ah.....The govt wants us to read what they want us to read.
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Aiya, this is called being polite. Censorship is when you don't even see it.
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hmm ... sgforums also got censorship ??
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Originally posted by frakfrakfrak:
Aiya, this is called being polite. Censorship is when you don't even see it.
938, hear only the good things =)
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You just know that the dogs lapped all of it up....
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Who can we trust these days?
Who?
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Originally posted by charlize:
Who can we trust these days?
Who?
Trust nobody. Trust money. ha ha ha -
It is so beneficial to control the press, ha ha ha
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Originally posted by Rock^Star:
"Straits Times mentioned that the portfolio of Singapore’s sovereign wealth fund GIC has fallen about 25 per cent from its peak due to the financial crisis, but it deliberately left out Reuters’ crucial statement that “the value of the fund was around $300 billion a year ago“.
If the figures provided by Reuters were accurate, this means that GIC is staring at a potential loss of some $75 billion dollars and taken together with Temasek’s loss of $58 billion dollars, we would have lost $133 billion dollars of our reserves in less than a year. These were 2008’s figures before the financial meltdown. I dare not imagine how much we have lost by now."
You can't be so naive as to believe that they are going to free the press, can you? -
Originally posted by Fantagf:
Trust nobody. Trust money. ha ha ha...better not have too much trust in money.... the central banks are now behaving like counterfeiters...
...need money? Print More!!!!
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Originally posted by AndrewPKYap:
...better not have too much trust in money.... the central banks are now behaving like counterfeiters...
...need money? Print More!!!!
Good morning, Andrew. That is really thanks to the US. Because of one country, USA and the rest of the world is suffering.Should do something to punish the americans.
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Originally posted by Fantagf:
Good morning, Andrew. That is really thanks to the US. Because of one country, USA and the rest of the world is suffering.Should do something to punish the americans.
...morning... 3rd WW?
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Originally posted by Rock^Star:
"Straits Times mentioned that the portfolio of Singapore’s sovereign wealth fund GIC has fallen about 25 per cent from its peak due to the financial crisis, but it deliberately left out Reuters’ crucial statement that “the value of the fund was around $300 billion a year ago“.
If the figures provided by Reuters were accurate, this means that GIC is staring at a potential loss of some $75 billion dollars and taken together with Temasek’s loss of $58 billion dollars, we would have lost $133 billion dollars of our reserves in less than a year. These were 2008’s figures before the financial meltdown. I dare not imagine how much we have lost by now."
the amount of assets are old news...
Singapore - Government of Singapore Investment Corporation
Singapore - Temasek Holdings http://www.swfinstitute.org/fund/gic.php
paper loss or relaised loss are sad.
But on the other hand,shall we be happy that our forefathers
leave us so much reserve for rainy days?
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Originally posted by lionnoisy:
the amount of assets are old news...
Singapore - Government of Singapore Investment Corporation
Singapore - Temasek Holdingshttp://www.swfinstitute.org/fund/gic.php
paper loss or relaised loss are sad.
But on the other hand,shall we be happy that our forefathers
leave us so much reserve for rainy days?
I saw the link you provided. It says T has 10 points. I counted the total possible points and it seems to be 10 also. does this mean T is as transparent as a SWF needs to be liao?G is 6. I wonder which points it did not get ?
anyone knows?
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Originally posted by lionnoisy:
the amount of assets are old news...
Singapore - Government of Singapore Investment Corporation
Singapore - Temasek Holdingshttp://www.swfinstitute.org/fund/gic.php
paper loss or relaised loss are sad.
But on the other hand,shall we be happy that our forefathers
leave us so much reserve for rainy days?
I admire your positivity despite losing $133b. -
Originally posted by Rock^Star:
I admire your positivity despite losing $133b.
It's a thin line between unbridled optimism and hopeless delusion. I am not sure if his case is the former... -
Originally posted by lionnoisy:
the amount of assets are old news...
Singapore - Government of Singapore Investment Corporation
Singapore - Temasek Holdingshttp://www.swfinstitute.org/fund/gic.php
paper loss or relaised loss are sad.
But on the other hand,shall we be happy that our forefathers
leave us so much reserve for rainy days?
why should we be happy that our forefathers left us so much reserve for them to lose? only loony will be happy!