More CPF lost as GIC blundered near 21Vianet’s peak

Like Temasek, GIC has also been overpaying for overseas assets.

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

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11 Responses to “More CPF lost as GIC blundered near 21Vianet’s peak”

  • TruBlu:

    So DPM HENG does not *interfere*?
    Is he Finance Minister or what?
    Does he *INTERFERE* when they ask him to COLLECT MORE MONEY from us?

    Expect more strange type$ of *taxe$* coming forth after GE if sgs let them have tbeir $way?

    TIME FOR ACCOUNTABILITY.
    TIME TO CHECK N BALANCE.
    NO MORE HANK-PANKY.

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  • doom is nigh:

    even God cant help us now!

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  • Taleban:

    Philip
    I don’t know where you get all those investment data on GIC and Temasak.
    I hope you are very wrong.
    But if you are correct than we are in very deep shit. All those BILLION dollar just donated into the world economy, other people economy.
    It will be good if you can come up with accumulated losses (in dollar, not percentage) over the years.
    How many billion dollar lost?
    All the same, their accumulated profit over the same period.

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  • I think hoh:

    Soon, this caring government will want us to save our CPF for our children. It will be called Children Pension Fund.

    Always Children Pension Fund for every member.

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  • TL Tan:

    Phillip,

    You claimed that with many similar investments, an increasing number of Singaporeans are convinced PAP is unable to return CPF to members.

    Firstly, how many of such similar investments is considered a lot? Are you aware of GIC’s overall portfolio hedging strategies whereby buying a stock at a seeming loss is actually being offset by an opposite exposure elsewhere? GIC’s track record speaks for itself. It is a long-term investor and can afford to take a long time horizon, during which almost all its investments would be profitable.

    Secondly, how many Singaporeans are worried about not being returned their CPF? The reality is merely a handful. The majority of Singaporeans know the CPF is in good hands. Go speak to more folks on the ground. Don’t use a handful of exceptions to make sweeping generalizations.

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  • HarderTruths:

    …but they and their FT fund managers will be handsomely rewarded for doing so….

    Isn’t it nice when you can bankrupt a fund and still become rich?

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  • Unlike HK people power:

    Luckily for Singapore, Singaporeans are easily controlled. They fear this and that.
    If they were like HK people, govt overthrown already.

    The best controlled in South East Asia and some say Batam.

    So, no matter how much is lost, they will not rebell. Just say “aiya, boh Bian wan lah! Life is all Boh Bian one.”

    Boh Bian means you accept it reluctantly saying that there is no way out.
    HK people fight till the end even though they know unlikely to fight win a dictatorship.

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  • Kudos to Mr Phillip Ang:

    I applaud Mr Phillip Ang for all his contributions here. Unfortunately alot of people still behave very ignorant and putting their trust, believe in PAP. That’s really a sympathetic situation. The government has not been transparent throughout many yrs from the beginning and billions of $ had been lost in stock market investments through Temasek and GIC. Recently I saw many Vietnamese working in wet markets, shops and many filipinos working as taxi drivers. I heard that many local companies employ foreigners esp Indians to work as Grab drivers with monthly salary and commission. I wonder how they got employment pass or illegally employed? Woudl the authourity care to reply?

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  • Tremendous:

    Here’s what I hope you can do to enlighten everyone. Compile all the losses (or possible losses) you have captured to date in 1 article. You don’t have to put a definitive number to each loss, just show it in the manner you have been showing us. Then continue updating that article over time and every time you update it, include it in a “what’s new over your last version” in that article. It’s not too late to start now.

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  • what to do:

    Unlike HK people power:
    Luckily for Singapore, Singaporeans are easily controlled. They fear this and that.
    If they were like HK people, govt overthrown already.

    The best controlled in South East Asia and some say Batam.

    So, no matter how much is lost, they will not rebell. Just say “aiya, boh Bian wan lah! Life is all Boh Bian one.”

    Boh Bian means you accept it reluctantly saying that there is no way out.
    HK people fight till the end even though they know unlikely to fight win a dictatorship.

    No need to be so long winded.

    Boh Bian = What To Do.

    Singapore love PAP. Long live PAP.

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  • Asd:

    Really sick of all these moaning and complain.. if don’t want to do anything to change than just shut up and live with it please..

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