Ex-CDF change of tone
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Kinda funny hearing him say this kind of statements in public. Sounds so unnatural of him.
Temasek also reported a 29 percent drop in net profit to S$9.1 billion ($6 billion) for its 2006/07 financial year from S$12.8 billion a year ago, on lower divestment gains and an impairment charge on Thai telecoms firm Shin Corp. , which lost one-third of its stock-market value in the period.
"The free flow of investment is important for economic growth," Ng Yat Chung, managing director of portfolio management at Temasek, told a briefing on Thursday.
"We would be concerned" about any move towards protectionism in the developed economies, he added. -
Studying advanced management at Harvard is one thing. Being Chief of the Armed Forces is one thing
To place someone without any experience in fund management and investment as MD of Portfolio at a State Investment Agency is a goddamned risky thing altogether. -
Ng Yat Chung read Mathematics at Cambridge and has a MBA from Stanford, before advanced management at Harvard recently. To say that he isn't qualified enough, you'd might as well say that Lee Hsien Loong isn't qualified to be Finance Minister as well.
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Ng doesnt have experience.....Originally posted by Reveille:Ng Yat Chung read Mathematics at Cambridge and has a MBA from Stanford, before advanced management at Harvard recently. To say that he isn't qualified enough, you'd might as well say that Lee Hsien Loong isn't qualified to be Finance Minister as well. -
He got experience. Got experience in delegating jobs, and kah kia reporting to him in the morning. Got this kind of experience learn things very fast one, somemore scholar. Even if he don't learn still got kah kia, army style.
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Holding executive positions within the SAF for the last 20 years isn't experience enough? Well then, at least he has the intellectual ability to tide him through before you one day decide that he is experienced enough. We need talented people to run our country. He is one of them, and I think, rightly so he is put in such a position. Do you expect that the government would ask that a brilliant man, one they have nurtured over the last 20 years, leave the civil sector when he still has much to contribute?Originally posted by mhcampboy:Ng doesnt have experience..... -
Originally posted by Reveille:Holding executive positions within the SAF for the last 20 years isn't experience enough? Well then, at least he has the intellectual ability to tide him through before you one day decide that he is experienced enough. We need talented people to run our country. He is one of them, and I think, rightly so he is put in such a position. Do you expect that the government would ask that a brilliant man, one they have nurtured over the last 20 years, leave the civil sector when he still has much to contribute?
experience in lovemaking doesn't equates to experience in culinary. -
Yat Chung can one lah..after all this is new position..maybe specially created for him to fit in..give him few more years..he'll get the hang of it...
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yes i agree Ng is qualified to hold an MD position. Yes, he has vast military experience and has been in command of an entire armed force.
But i doubt that equates to having similar experience to holding a portfolio MD position. Leadership and what not aside, he's now in charge of alot of resources in Temasek. It's a pretty different job from handling soldiers.
Whilst i would agree he should be able to suceed given his track record, it's still uncomfortable to see an man once in green now holding meetings in a suit and talking about investments, profits and the likes.
cheers -
Just as uncomfortable as when it happened to Teo Chee Hean, Lee Hsien Loong, George Yeo, and the likes?Originally posted by sir sickolot II:Whilst i would agree he should be able to suceed given his track record, it's still uncomfortable to see an man once in green now holding meetings in a suit and talking about investments, profits and the likes. -
yes.
but do not equate uncomfortable to being against the idea. -
Fair enough.
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Yes.Originally posted by Reveille:Just as uncomfortable as when it happened to Teo Chee Hean, Lee Hsien Loong, George Yeo, and the likes?
I always believed that our Government has never been best at matching the talents and qualificiations of our ministers to relevant portfolio.
NYC has experience in leading the SAF and probably has strategic foresight.
However, portfolio management is not the same as any strategic management job. -
Funny, but I interpreted it as generally an upbeat press conference. The $12.8b benchmark, from 2006, was a historical high -- that one was obtained off a massive 71% rise in profits in the preceding 12 months. The latest profit number, $9.1b, remains the second-highest in Temasek's history. Methinks it's too harsh to describe the 29% dropoff year-on-year as a "slump", lah.
As for the Shin Corp stake, give it a year. The main culprit appears to be its Shin Satellite business, which'd suffered a net loss for the first time since 1997 (partly blamed on a malfunctioning satellite) but is expected to rebound into profits again.
Ng Yat Chung also not the Big Bossman here. S. Danabalan is, so it's his head which is on the guillotine. (As if that will ever happen ~lol~) -
Well.. honestly.. Minister's job is to manage or direct PM's goal wishes downwards...Originally posted by Reveille:Just as uncomfortable as when it happened to Teo Chee Hean, Lee Hsien Loong, George Yeo, and the likes?
expertise is from the Perm Sec. -
Saw him on tv for channel 5 news... He nids a new haircut seriously...
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he still fat or not?Originally posted by wonderamazement:Saw him on tv for channel 5 news... He nids a new haircut seriously...
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Bullish market.. he will be fatOriginally posted by mhcampboy:he still fat or not?
bearish market.. he will lose weight and look tired.