Double whammy for GIC: Manager of CPF monies hit by huge emerging market forex losses, coronavirus

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

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13 Responses to “Double whammy for GIC: Manager of CPF monies hit by huge emerging market forex losses, coronavirus”

  • Asd:

    I think as long as every month got people contribute money it’s ok and it can go on forever

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  • Harder Truths:

    I would like to thank the CoVID-19 for bringing the karma of the 70% back to them so quickly. I thought I would miss the fun. Now I am happy to see the 70% get their just desserts for their selfish and greedy behaviour. Not only heath but stocks and wealth are disappearing fast. Hopefully the high-priced flats and private freehold land will be worth peanuts. Even the best medical care cannot help the rich and powerful.

    Also the pappies will not be spared any more than the poorest in society if the CoV can help it – it is fair to everyone.

    Go CovID-19! If you were running in next GE I would surely vote for you. You know how to get things done!!

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  • Haha:

    It’s OK, I plan to retire outside sg anyways.
    Haha

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  • @ Haha:

    Better do it fast.

    夜長夢多.

    What if touch wood … u kena,…死…

    Everything goes down the drain.

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  • Dr. Chan:

    70% enjoy feeding PAP’s gambling habit. See how it goes this coming GE. According to PAP, CPF is their money, not ours. Let the 70% decide.

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  • Big Problem:

    One, blame it on external factors beyond control.
    Two, CPF is not your money, according to one NMP.
    Three, 70% gave PAP the mandate.

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  • but this NMP is pap pai ka:

    Big Problem:
    One, blame it on external factors beyond control.
    Two, CPF is not your money, according to one NMP.
    Three, 70% gave PAP the mandate.

    normally all humans are pitiful.

    especially those with physical ailments.

    but the pap NMP sure is an unlikeable Cb.

    that is why we no pity the pap pai ka.

    truly a WTF piece of Cb. sad for her parents this pap pai ka.

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  • what. will happen to our cpf?:

    now im worried if we’ll ever get our cpf payouts…or they gonna start tweaking the payout age rules again n again.
    in msia yesterday their new pm released the EPF to those who wish to withdraw in view of this bad times..he also so fatherly advised those who were withdrawing to use it wisely n firstly see that they have food on the table for themselves n their families..very touching.

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  • asymptomatic investing strateg:

    never mind lar, sinkie land investment is for the long term (like free hold 99999 years) lar ??? believe sinkie land reserves stay very high like last time even though the stock market (in most countries) has fallen by at least 20% or or so ? reserves must be kept secret lar else speculative elements will turn against sinkie land reserve lar ???

    CONVICT-20 is quite honestly open about its 14-day asymptomatic investing strategy and very brutal about it; and it does not speculate against stock market – it just does damage to the market better than all the predictions of all the pian jiak pian jiak economists and consultants ????

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  • EPF monthly withdrawal ?:

    Is this Fake News?
    Msia EPF is allowing its active members to withdraw $124 monthly from their accounts to help alleviate their financial needs due to this pandemic?

    If it’s not Fake, would it be possible for CPF to do the same?

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  • Tremendous:

    Once upon a time, there was a village chief and together with smaller chiefs, each of them get multi/ million dollars income per year.
    One day he decided to call an election to seek a mandate. In that election, he told the villagers that if he and his chiefs have delivered and villagers didn’t vote for them, they would be confused. Unsuspecting villagers voted for him thinking that he really ‘delivered’.
    What he meant by ‘delivered’ is he delivered the whole village to another year of rock bottom total fertility rate, piling village sovereign investment losses, and high-depreciating accommodation for villagers.
    Without strong local population growth, the village has now only got another 6 years at most for survival. After that it would fade into obscurity, and the village chiefs will not be there by then.

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  • MarBowling:

    GIC: Going to I Cee (in Hokkien going to die) – helmed by Mai Hum, the world highest paid Head of State.

    TH : Tombmasek Holdings(going to be buried in a Tomb) – helmed by Mai Hum’s wifey Holee Jinx, the world highest paid CEO!

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  • Conserved Cash:

    Better to conserve cash at this time. Stop all oversea investments.
    Singapore will need it at this critical time to help our people.

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