SDP calls for public inquiry on loss suffered by GIC in sale of UBS share
Below is a statement by Singapore Democratic Party (SDP) on the recent news that Singapore investment body, GIC might be looking at a loss of over $5.6 billion after it sold 93 million shares of Swiss bank UBS Group. SDP's statement The recent announcement that the GIC stood to lose in excess of $5.6 billion comes as no surprise....
Tony Tan confident in UBS’ long-term growth potential but GIC endedup losing US$4b of our reserves
In a ST report, it said that GIC is facing a loss in excess of USD4b (S$5.6b) on its investment in UBS Group nine years ago. GIC cut its losses in UBS after selling 93 million shares at 16.10 Swiss francs each on Monday (15 May).GIC invested into UBS in late 2007 at the height of the toxic bond crisis brewing in the world. At...
Ang Moh talent’s investment decision causes massive write-offs in SingPost
SingPost released its full-year results ended 31 March 2017 yesterday (12 May). It was announced that its net profit had dropped a whopping 87% from the previous FY's $249 million to $33 million. This is mainly due to impairment charges (i.e, write offs) of $185.0 million coming from its US-based subsidiary TradeGlobal. Impairment...
|
|
|
|
- SINGAROAR on Jordan backstabs Iran and opened its airspace to US and Israel
- Anwar knows history on Malaysian PM FEARLESSLY slams West’s hypocrisy over Gaza
- Employee no decision making on Is it too early to be euphoric?
- More hypo on Hypocrisy Of The Highest Order
- $600 out of $12,000 on Is it too early to be euphoric?
- PAP mandate strong on Hypocrisy Of The Highest Order
- WakeupSG on Is it too early to be euphoric?
- ganeshsk on Is it too early to be euphoric?
- rice on Massive floods pummeled Dubai and United Arab Emirates
- rice on Malaysian PM FEARLESSLY slams West’s hypocrisy over Gaza
- rice on Is it too early to be euphoric?