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Temasek’s investment in FTX

Our sovereign wealth fund, Temasek, has written off it entire so called investment in FTX. The investment is now totally down the drain and the amount involved was reported to be US$275 million or S$376.7 million.

Singaporeans must never forget that even though the S$376.7 million loss is ah gong’s money and may represent less than 1% of Temasek’s nett portfolio value, still, it is our collective hard-earned and precious money accumulated over generations.

Too many questions are awaiting answers and I am unsure if all the questions relating to this failed FTX investment loss will be satisfactorily answered.

Still, I would like to strongly urge both PSP and WP MPs to bravely bring it up in Parliament and hold pap ministers to a thorough and proper accountability.

Please also never, never let any pap ministars snake away without proper accountability and satisfactory explanations with excuses such as Not Meaningful to disclose lalala… or What is The Point of the Question crap…

I believe that many fellow citizens will also be watching to see if the Speaker does his job fairly enough, professionally enough and without fear or favour enough.

Think.

 

Simon Lim

 

 

yyy
READER COMMENTS BELOW

20 Responses to “Temasek’s investment in FTX”

  • Asd:

    I think like the ahtc case public funds are involved so hope mnc will also get involve and check ar

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  • Pappy Simon:

    “I believe that many fellow citizens will also be watching to see if the Speaker does his job fairly enough, professionally enough and without fear or favour enough.”

    Fake oppo always singing pappy praises. We, the real oppo, have already seen enough.

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  • MarBowling:

    In the next ParLeeMental Session, Expect World Class Minister IndraKnee Jerk to PARRY OFF any so-called “NOT MEANINGFUL” Qs from the Opposition wrt to the sup sup the Water LOSS of US$275 millions by our SWF, Tombmasek Holdings(previously under the ARMPIT but NOW under the THUMB of Holee Jinx)! Like someone always says: Buying High BUT Selling Low or Writing off as Total Loss is a LOONG Term Strategy by our 2 SWFs(including GIC which is HUMMED oops Helmed by Mai Hum himself).

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  • Flickshit:

    $376.7 million to feed the old folks and the Ah Ned (idiots) asking will the old folks eats at a resturant or hawker sentre..

    I hope that ah ned family will go to hell and answer to Lord Yama, in the hottest hell and see whether he can gives the same reason in hell. Wish him good luck.

    VORE for your future generation’s welfare not for the greedy PAPPIES.

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  • Full charge:

    Since public funds are involved ………….not small beer $275 million, charges should be made to the Temasick team, just like ahtc

    Sinkies deserve better…….whoever you are, whatever shade, charges must be mounted………NO SELF-CHECK IN PARIAHMENT……….right SHAME……..YOUR last words?

    MR SPEAKER SHOULD AND MUST DISALLOW AND DISAPPROVE PARLIAMENT DISCUSSION on the matter.

    Someone should make A POLICE REPORT IMMEDIATELY……….MAYBE KIM LIAN CAN DO IT?

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  • NotMyProblem:

    @Simon, 61% have given PAP a blank cheques. Now Temasek is making full use of it, why Singaporeans want to ask questions now. What is the point or it is meaningful?

    Sorry you cannot take back the cheques!

    If any Singaporean needs to ask questions please do it before you go into the polling stations! Don’t depend on the 39% to do it for you.

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  • Eastern Donkeys Farking:

    Pappy Simon:
    “I believe that many fellow citizens will also be watching to see if the Speaker does his job fairly enough, professionally enough and without fear or favour enough.”

    Fake oppo always singing pappy praises. We, the real oppo, have already seen enough.

    Clearly a cycled CCP troll in new skin. Dun know how to read what Simon has said, please dun embarrass yourself. What is real oppo? Next got real huawei or not farking ccp praises?

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  • Temusik Patriot:

    If idiots are willing to accept a hubby who wears pink panties n a SHIM who wear pants stashing billions n losing billions of public funds happily collecting crumbs from the Banquet Table so be it it

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  • Papsmeariswrong:

    Singaporean pens open letter asking if Temasek’s FTX investment in July last year was made under then-CEO Mdm Ho Ching’s watch

    https://www.prolificskins.com/forum/current-affairs/singaporean-pens-open-letter-asking-if-temasek-s-ftx-investment-in-july-last-year-was-made-under-then-ceo-mdm-ho-ching-s-watch

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  • Billy ma:

    When they bet & win, they quickly & generously reward themselves with big huge bonuses & promotions.

    When they bet & lose big time.
    The excuse is you win some you lose some. They probably still reward themselves with big bonuses & still get promotions.

    Life goes on. They get richer & looking to get even richer when their bets got lucky.

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  • Transparency:

    Hope there will be transparency in reviewing this case to prevent it from happening again.
    Public money should be held to a higher accountability and due diligence.

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  • Pappy Simon:

    You are so naive. Don’t know got fake oppo? Singapore is full of spies, agents, saboteurs, IBs, etc. Better hide in your idyllic dream world.

    Eastern Donkeys Farking: Clearly a cycled CCP troll in new skin. Dun know how to read what Simon has said, please dun embarrass yourself. What is real oppo? Next got real huawei or not farking ccp praises?

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  • Real democracy:

    Eastern Donkeys Farking: Clearly a cycled CCP troll in new skin. Dun know how to read what Simon has said, please dun embarrass yourself. What is real oppo? Next got real huawei or not farking ccp praises?

    This one is likely to be the American operative BK or I am Mike in a new nick.

    The standard attack on CCP for no reason and from no where is the trade mark of an American operative.

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  • idontbelieveinccpbs:

    https://www.efinancialcareers.com/news/2022/11/constance-wang-ftx-credit-suisse

    FTX COO is a young Singapore imported from China, sponsored and go through our schools and end up as part of the scam.

    PAPPy said FTs are smarter than us, this is the kind of smart we see from many foreigners turned locals in Singapore. That includes the many foreigners who started business here but ran away with investor money.

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  • George Soros, FTX, & the Party:

    https://youtu.be/FH31UEALnJo

    The net worth of the founder of the crypto exchange FTX and Democrat mega-donor Sam Bankman-Fried plummeted last week in the biggest single-day wealth plunge for a billionaire.

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  • BIG STORY: Stop the PAP Steal:

    Why the Effking Hell WITH PAP MPs all dumb and quiet NOT Asking Loong why TH fail in its FTX investments.

    It has to go BEYOND beliefs bcz TH executives ARE PAID to check thoroughly what ARE universal truthful facts and what are facts that TH chooses believe in when others DON’T.

    If TH has their own sets of beliefs then THEY ARE STUPID. Like SG has its own set of data to present surplus b or deficit.

    There ISN’T ANY CHOICES for TH NOR THE PAP to pick what suits them and what NOT.

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  • BIG STORY: Stop the PAP Steal:

    In the USA, Congress WILL NOT hesitate to set up House Committees to INVESTIGATE FAILURES – is the PAP Parliament going to set up one, to investigate ‘MISUSE’ of citizens money like they set up committees to attack opposition?

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  • xoxo:

    Is this considered an INVESTMENT,CALCULATED SPECULATION OR PLAIN GAMBLE?
    TIKAM-TIKAM,anyone?!
    Well,its only peanuts,what is USD275 MILLION,$100 BILLION also WE CHIN CHYE squander.
    Why cowpeh on USD 275 M when ALL KEPT AND STILL DIAM-DIAM on $100Billion?
    I dont expect WP to *wayang* on this when ALL MPs dont bother to look into the disbur$ement of the $100Billion.
    Nothing to see here lah!
    Still USD275 M can buy a lot of *PEANUTS*?

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  • Soccerbetting2:

    @xoxo- when all MPs don’t bother to look into the disbursement of the $100 Billion ?That spell trouble and it is a shame on all MPs face including WP when they are holding positions of MP in Parliament and are supposed to question out the disbursement of $100 Billions but none choose to do so and that $100 Billions can easily be siphon off and stolen a massive amount of it and nobody knows ! Everybody assume that Lee Hsien Loong women wing control government are a whole bunch of “honest” people but things show otherwise ! And opposition of WP are part of the government too ! $100 Billions totally no need to question out is no joking matter! Very fast all reserves may disappear off and nobody knows ! You all expect Halimah Yacob to control the reserves well ?

    And TR Emeritus is a shameful website to keep on blocking me.Look like my previous post on $376.7 millions don’t dare to post out on the firing off of Ho Ching !Pui ! Lose $776.7 millions in cryptocurrencies should already be fired off from Temasek Fund and hauled out her evil backside to be send to jail for neglience or whatever ! Public funds of $376.7 millions no need government to be accounted for meh ? Like that ,very easy job to be MP,Ministers and President,no need to account meh ?Lose millions all ok meh ?Pui !

    Tech: FYI, if TRE had not been deleting and censoring your comments, you would either have already joined the queue of Leong and Terry being sued or drinking coffee at Cantonment Complex. TRE is saving your bloody a$$e and it is time you start to tone down on your rant and wordings.

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  • Why so much noise now on FTX? Just $400m nia already cry father cry mother. Some years ago $1b in a Canadian mining company, Turquoise Hills why no one bothered to cry father cry mother?

    I tot some MPs say not your money, then why worry?

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