How Temasek’s mega-losses were recouped?

 

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

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18 Responses to “How Temasek’s mega-losses were recouped?”

  • 有难人民当,有福人民行动党自己享:

    Wasn’t there a joke by Mr Tan Kin Lian?

    Buy low sell high, ching ho (very good in hokkien).
    Buy high sell low, h..c…….. (who is famous for that?)

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  • rukidding:

    One of a very stong reason why citizens suspends that they can never “touch” their retirement fund !

    To put it in BOLD,….everybody “suspects” that inside “kosong” ardy…..cannot meet the “promised released date”…pok kai liow !

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  • N.Jungne:

    Need to create more Chairmehs, crybabies coming

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  • LIONS:

    Lo$e bigLEE,so what?
    Not their money.
    If they lost their own money,its a different story.

    These ass-holes take our CPF money to gamble and when they lose,COLLECT MORE MONEY from us.

    We need decent Checks n Balance.

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  • Bapak:

    Is there a game plan in the investment world that there is a World No. 1 SUCKER investor by the name of TamaSICK. Build up your portfolio nicely by professionals and after they have invested ‘run away’ with the money legally and close it down?

    Cause they know that the real sucker is not TamaSICK but the people of Sinkapore.

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  • Samuel S:

    Has HC or government denied this losses, or they considered peanut hence need not presented to Singapore citizens? Or they will argue this is fake news?

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  • VTO for ACCOUNTS Check:

    Please Singaporeans, vote in 51/49 Oppo so that the accounts can be checked for our own good otherwise CPF may dragged further.

    Work for whole life, money cannot enjoy.
    May die stupid not knowing whether all the money ganna swinged.

    SIGNS OF SOMETHING WRONG

    1. President is selected instead of elected. Altering criteria until resulting only 1 candidate qualify. -> “DANGEROUS”

    2. Many Ministers Spouse hold Top Positions. -> “DANGEROUS”.

    3. Land sales revenues pumped in [MEGA BILLIONS $$$] over the many years but still no additional benefits to the People -> “DANGEROUS”

    4. Megga losses and tax hikes, hikes and hikes, GST increase etc… -> “PAINFULLY Dangerous”

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  • Bobo:

    She could afford to lost whole Singapore that her father-in-law fought so hard for. Guess LHL has let loose of everything for his lover. 70% has to be responsible for the lost as well. Do you agree?

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  • Shameless accountants:

    Singaporeans In General, By and large , never showed they want to know how much are lost given the lack of transparency.

    How can Singaporeans be considered smart?
    They are either ignorant , naive or timid.

    How to fight a war ?

    I feel ashamed as a citizen.

    Accountants and finance people are superstitious. Why ? They base on BELIEVING . Totally do not uphold their professional ethics and standards. Unquestioning.

    They contribute to the losses by their submissiveness.

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  • clown pap group think:

    it is ok if pap clown runs gic and wife runs temasick for true welfare of 70% sheep. after all gic temasick belong to 70% sheep.

    it is NOT ok if pap clown runs gic and wife runs temasick like lky assets to be wasted on frivolous self whim activities. after all gic temasick do not belong to lky or his estate.

    worse because of lack of talent both pap clown and wife instead of giving 70% sheep a better living standard instead keep having to up GST to top up emptying coffer in gic temasick. and there is this pap PA which pap clown also chairs which secrets shall be exposed when New Government takes power.

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  • Free Money Aplenty:

    Suck the dafts dry.

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  • NotMyProblem:

    @Phillip; How to recoup? Bro, that’s a trade secret! Can give you a hint, CPF and national Reserve. But must make sure the Malay President is from the Indian race will be an added advantage!

    How exactly it’s done, that will depend on how Singaporeans vote this GE! Malaysians got their chance to kick out the Official Numbor Satu and now they know what happened to the billion ringgit missing from 1MDB.

    You think Singapore voters are smarter?

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  • no skin off their backs:

    to them its just easy come easy go.
    when they never had to work hard to earn those big bucks..so its like ‘why bother?”
    moreover they feel they arent answerable to us peasants whose $$$ theyre ‘gambling with’ most of the time.

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  • mega billions of losses:

    What about those mega billions of losses in:

    UBS
    Citigroup
    Merrill Lynch
    Standchart
    Barclays
    Pakistani NIB Bank
    Stuyvesant Housing Project
    Shin Corp
    Blackstone
    Irish Telecoms EIR
    Singapore Technologies
    Orphir Energy
    etc., etc.

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  • nizhemoshou:

    everytime made big losses like that n still never learn lessons Sure or not no financial monkey business or hanky panky ??

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  • Bapak:

    Therefore 55 becomes 65 going 70 lor.
    Therefore Dr M thinks, if PeeAndPoo can suka suka break promises why cant MY.
    Therefore, he wants to increase water price.

    If those who dont understand the above I dont blame you cause you have been blinded all these years.

    mega billions of losses:
    What about those mega billions of losses in:

    UBS
    Citigroup
    Merrill Lynch
    Standchart
    Barclays
    Pakistani NIB Bank
    Stuyvesant Housing Project
    Shin Corp
    Blackstone
    Irish Telecoms EIR
    Singapore Technologies
    Orphir Energy
    etc., etc.

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  • UniQ:

    Wife Loose $$ due to habitual gambling, all the Ah Gongs ‘aka Ah Kongs and Ah Mahs’ pay for the loss…until their children and grand children cannot even take care of their minimum needs ?!?!

    $$ paid by Sinkies for these losses from high taxes, high public housing, almost zero retirement funds, Super HIGH medical bills, Super HIGH petrol prices, GST on basic needs as human beings : water, rice, flour, salt, sugar, electricity, etc…

    Yet Sinkies believe all the BS from the propaganda and occasional miserable titbits ‘$$’ to sweeten the ground, while they and their ties collecting Hundreds of Thousands to Millions annually

    How far can stupidity and ignorance can go fellow Sinkies ??

    Sigh…

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  • RedHot:

    There are many cases where losses are announced intentional to cover corruption. So nobody will knows what exactly what happened.

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