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Ho Ching’s recent defence of Temasek’s total write-down of its FTX investment

I refer to Madam Ho Ching’s recent defence of Temasek’s total write-down of its FTX investment loss of US$275 million or SGD 377 million and among other things that she mentioned, ‘we can afford to be contrarian’.

I have some thoughts.

There is absolutely no doubt that Temasek has very deep pockets and that been the case, of course it could afford to be contrarian. For that matter, anyone with such deep pockets could and not just Temasek alone.

I do not blame Temasek for making a loss in this venture that resulted in its total write-down of US$275 million.

No patriots wish Temasek to lose money, much less to lose our collective hard-earned reserves and any reasonable persons will accept that winning and losing is part of the investment game, however, I can confidently say the no thinking Singaporeans will accept that despite Temasek’s defence of it 8 long months of so called due diligence and related efforts, it didn’t uncover that FTX or Alameda Research didn’t have any in-house accounting department or impossible to rely on any of their financial, according to their recent bankruptcy filing.

Despite being a highly sophisticated investor, I suspect that either their so called due diligence screwed up big time or despite realising that both FTX and Alameda Research didn’t have any in-house accounting departments which should be a screaming red, red flag, nobody involved at Temasek gave two hoots about it.

I am willing to accept Ho Ching’s defence that Temasek can be contrarian but I and I believe that many, many more thinking Singaporeans cannot accept the utter recklessness and failure of Temasek’s 8 months of so called due diligence lalala!

Think!

 

Simon Lim

 

 

yyy
READER COMMENTS BELOW

59 Responses to “Ho Ching’s recent defence of Temasek’s total write-down of its FTX investment”

  • We also contrarian:

    People, listen to Temasick. They can afford to be contrarian. Where do the money come from? From us. It’s taxpayer money.

    So we also can afford to be contrarian. Vote in a dark horse. No more white horse. All lousy, can eat, cannot run.

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  • MarBowling:

    Tombmasek Holdings(previously under the armpit but NOW under the THUMB of Holee Jinx)certainly can afford to be contrarian because:

    The US$275 millions LOSS is NOT shim money!
    Shim is a confirmed IMPULSIVE and COMPULSIVE gambler!
    Once shim made a DECISION, shim has NO REGRETS!
    Even shim Limbek hubby Mai Hum dares to STOP Shim for indulging in doing EXTREME STUFFS!
    Shim is Lee Kayu’s Favorite “Talented” DIL!

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  • Lost millions yet untouchable?:

    Millions of our hard earned reserves just like that “Gone with the Wind” and nothing happens to the CEO ! To add oil, they tell us it is only a small tiny % of their total investments or in other words it’s peanuts again.

    If such a financial mishap can happen to Temasek, then anything can also happen to our PAP-led Singapore government. Furthermore isn’t it ironic that our sovereign fund Temasek can be involved in such a high risk investment which our own Government has been harping Singaporeans not to get involved in ? Isn’t it hypocritical for them to tell us one thing but yet they are doing the exact opposite ?

    IMHO, I can only conclude that our Temasek sovereign fund must be either that they are so desperate or greedy to earn more or that they simply bochap to bother about the rules governing investment at all simply because they are untouchable ?

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  • NotMyProblem:

    Contarian could mean, in PAP’s dictionary, “So what? I did it, what you going to do?”

    With the blank cheques given to the PAP, you want to take it back?

    Be smarter the next time, maybe!

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  • xoxo:

    Whats U$275 M?
    Peanut$ mah.
    *I* lost a few tens of BILLION$ BEFORE.
    Then *I* got one stupid angmoh to take over.
    When the lo$$ was recouped after some years,*I* took back my post.
    *I* did not lose a cent leh.
    HOW CU$HY N CO$Y.
    me oso wish i have such a *job*.
    But i cannot only *chase that rainbow* and dream and dream till i drop dead.
    Some PAPple are born LUCKY.
    Other PEOple not so fortunate.
    Talking Big is easy as long as you are *BIG*…

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  • Habislah:

    So when the project went to Legal Department to perform due diligence, someone there must have raised the red flag, and if the red flag was raised, it was waived by somebody.

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  • Screwpap:

    You are willing to accept hoching idiotic points ?

    You must be some clown, STOP YOUR CLOWNISH WRITING.

    YOU ARE A RUNNING DOG !

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  • Dr. Chan:

    @Simon Lim
    As long as taxpayers are willing to keep giving Ho Ching money and keep feeding her gambling habit. Then there is no problem.

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  • Albert Lim:

    When make a GAIN, claims Good Foresight & Capability = Shareholder Dividends.
    When make a LOSS, claims Long-term Investments & Market’s Volatility etc, etc & etc = Taxpaper Monies.

    Sadly, Not a single tinge of remorsefulness & most important of all – NO ACCOUNTABILITY.

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  • PAP mandate strong:

    @ XOXO

    U mean learn from China people lah and be like China people lah shouting 習進平下台 共產黨下台 is it ?
    Or like this china lady protest in front of china embassy in Sg ?

    https://www.channelnewsasia.com/singapore/police-arrest-woman-protest-china-embassy-permit-public-assembly-3109006

    Cmon if real democracy China Xi cannot step down and lead by example, how can others follow suite.

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  • Asd:

    I think how come public fund for investment became for contrarian ar

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  • Lawrence Wong talking cock:

    Straits Times:Temasek’s FTX write-off will not affect contribution to Singapore’s reserves: Lawrence Wong

    Temsek contribution to reserves following FTX fiasco is an insignificant issue. This is a red-herring. Lawrence Wong is insulting Singaporeans by raising this insignificant issue.

    The real issue of FTX is why Temasek invested in a scam despite spending eight months doing due diligence. The amount lost on FTX is insignificant compared to the size of Temasek’s portfolio but the reason the mistake was made is important because it questions the effectiveness of Temasek’s investment process overseas.

    Ho Ching’s defense that Teamasek can “afford to be contrarian” is ludicrous. FTX is a fraud so it never had a chance to succeed. Sam Bankman Fried (SBF) used it as a funding vehicle for his trading operation in Alameda Research.

    The statement of Temasek that is misjudged FTX promoter SBF is also ludicrous. Due diligence is more than just assessing the promoter of the investment. It should have included assessment of operations, governance controls, controls, compliance, regulatory environment, views of other venture capitalist who looked into FTX but decided not to invest, etc.

    Ho Ching and the Temasek Board should be held accountable for the FTX fiasco. She should pay for her stupidity ann incompetence. She should also be removed as Chairman of Temasek Trust. The Chief Technology Officer of Temasek should also be sacked.

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  • Asd:

    I think about pyramid scheme as long as got people contribute it will go on and on

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  • Asd:

    I think fore father’s reserve down drain and yet not repent but hide and hide

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  • REGIME CHANGE IS THE SOLUTION:

    NotMyProblem:
    Contarian could mean, in PAP’s dictionary, “So what? I did it, what you going to do?”

    With the blank cheques given to the PAP, you want to take it back?

    Be smarter the next time, maybe!

    Ho Ching has already lost BILLIONS. If the Goverment does not hold her accountable and remove heras Temasek Trust Chairman then voters should remove PAP. VTO.

    Vote for REGIME CHANGE.

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  • REGIME CHANGE in the cards:

    PAP mandate strong:
    @ XOXO

    U mean learn from China people lah and be like China people lah shouting 習進平下台 共產黨下台 is it ?
    Or like this china lady protest in front of china embassy in Sg ?

    https://www.channelnewsasia.com/singapore/police-arrest-woman-protest-china-embassy-permit-public-assembly-3109006

    Cmon if real democracy China Xi cannot step down and lead by example, how can others follow suite.

    PAP mandate is not strong. It is the opposite. Support for PAP has been steadily declining. It lost another 10% support at the last GE also losing another GRC.

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  • Eggshell:

    If what you said is TRUE, then WHY SHOULD YOU BE PAID SUCH A LARGE SUM OF MONEY YEAR IN YEAR OUT?

    And SECRETLY TOO

    We MIGHT AS WELL go to the CASINO!

    YOU HAVE NO MORAL AUTHORITY TO MAKE SUCH COMMENTS! Only citizen shareholders CAN!

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  • Asd:

    I think to be contrarian for such case will be to bet FTX will go bankrupt else then why buy FTX stock as in normal investment of a healthy company so why buy stocks of FTX instead of buying put option ar surely it is not contratrian as claimed

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  • Western Sheep:

    Poor brainwashed person. She thinks all countries can anyhow protest, the same as her country China? Now she will lose her freedom in a “free” country.

    PAP mandate strong:
    @ XOXO

    U mean learn from China people lah and be like China people lah shouting 習進平下台 共產黨下台 is it ?
    Or like this china lady protest in front of china embassy in Sg ?

    https://www.channelnewsasia.com/singapore/police-arrest-woman-protest-china-embassy-permit-public-assembly-3109006

    Cmon if real democracy China Xi cannot step down and lead by example, how can others follow suite.

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  • Bankruptcy:

    Hope losses more

    Same time gov will releases more to cover our mouth!

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  • only stupid people vote pap:

    pap chief clown lhl wife did not lose only S$275m.

    she lost billions of sinkie monies in all her years as useless leader of ownself appointed ownself leader role in temasick.

    shame of all shame. she talks like the recent S$275m is peanuts money. in a sense, she has the entitlement to think so since her wage is S$99.9m pa, what is S$275m but just about 2+ years of her basic ownself pay ownself S$99.9m pa wage. sinkies sure are stupid.

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  • Temesek, Gov need revamp:

    The disclosure of FTX investment and its write off make people realize that the GIC and Temasek invest in risky asset using taxpayers’ money. It brings up past events of town councils that have invested in Lehman-linked products. They are gambling our taxpayers’ money again this time. And they are getting away with their bad investment of public fund again without punishment like the past. Their investment professionalism is in doubt. Is this the result of parachuting non investment professional into GIC and Temasek? Will heads roll? Why are public fund misuse? Who misuse the public fund? What will happen to public funds like our CPF in future? There are so many questions needed to be answered. More transparency and responsibility is need. Should the government be investing our money when their way is investing risky asset like Lehman and FTX? Will their gamble continue? Don’t one day tell us all our CPF money is lost in some crisis or bad investments and write us off.

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  • Temesek, Gov need revamp:

    Every dollars and cents of public fund must be accountable. It is taxpayers’ money. The culprit who make losses in FTX must be punish. Justice must prevail.

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  • Asd:

    I think only the little guy will kenna one la the no accountability big guns all fill own pocket on and on and on

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  • xoxo:

    i dont know what you talking about.
    Whatever ,as long as you are happy.

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  • myfirstscrew:

    Why did she appoint a new citizen as CEO and then promoted herself to Chairman?
    Why so many new citizens and PRs in that outfit?

    Something is happening for sure.

    But she is Empress Dowager, even Pinky is so scared of her.

    The only thing we can do is to VTO!!!

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  • Trust only myself:

    $377 millions…………how much is this?
    It is like striking Toto top price 377 times……….all the liars must be sack.

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  • PAP mandate strong:

    Coming down GCD sop.
    1. 假裝沒事發生
    2. 假裝放鬆 or 妥協放鬆一些
    3. 暗中抓 protesters “帶頭大哥”
    4. 最好抓到幾個港人, 台灣人 especially Ang Mo, maybe 屈打成招 and pinned it on foreign interference or foreign forces.

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  • Wake up Tar Masek:

    She should be GIVEN 2 EGGS!

    In any CASE, LW talk cock about AUDIT UNNECESSARY AND WAS JUST TO FILL UP PARIAHMENT TIME.

    THE MOST IMPORTANT THING TO PROBE IS TO ASK WHETHER DUE DILIGENCE WAS CONDUCTED BY THE investing team n in what manner n whether

    The due diligence was conducted thoroughly, competently, professionally and whether it was cross-checked with industry players and other competent professionals hired for such big jobs like the big 4 auditors from the country of ORIGIN.

    It is VITAL To carry out cross-checks …….you know it’s US$275 million……no small beer……..the money can be used to build a whole estate of btos.

    AND LAST BUT NOT LEAST Whether

    THE TAR MASEK B O A R D is COMPETENT TO approve the INVESTMENT!

    AND WHETHER There IS A NEED FOR A 2nd APPROVAL BY TH3 OWNER MOF. So Lau Wong better wake up!

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  • IMHO, I think it is unfair to pin squarely the blame on Mdm Ho, even though she may be the CEO at the material time. Temasiek has admitted that there are others on the board that are paid much more than Mdm Ho’s supposed $100m a year, implying that Mdm Ho may not be the only person in Temasick that have the authority to make an investment decision.

    Besides, whats the big deal about the $200m, since Temasick is probably paying its entire board many times more than that amount yearly?

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  • PAP mandate strong:

    Some people who always repeatedly say things like ….
    ” you dont know China ” ,
    ” you dont understand China “,
    ” you need to travel more ” ,
    ” smear China ” , ” defame China” , ” degrade China ” , …..
    ” western propaganda ” , ” fake news ” , ” brainwashed ” , ….
    ” I lived and worked in China for 5 years, 10 years ,15 years , 30 years even 50 years ” ….. etc

    But totally cannot foresee and give heads up that China protests happening.
    What a bunch of jokers! Are they even for real ?

    Your 英明神武 Xi borned in China , live in China for almost 70 years, knows and understands China more than any of you right! Yet protests happened right under his nose right under his watch. Also totally cannot predict.

    Deng’s time never even ask CCP or him to step down. Yet this round unprecedentedly ask CCP and Xi to step down.

    Xi already embarrassed locally and internationally.

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  • Murky way:

    Those born 40s, 50s,60s and some 70s

    Need to go fast fast.problem group.(I 60s born)

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  • Western Sheep:

    You really don’t know China lah. Go learn from this angmoh, your favorite type of teacher. He says China has lots of protests every year. No big deal. He says other good stuffs, for you.

    https://www.youtube.com/waThe Truth About China Proteststch?v=CahOyzka1gA

    PAP mandate strong:
    Some people who always repeatedly say things like ….
    ” you dont know China ” ,
    ” you dont understand China “,
    ” you need to travel more ” ,
    ” smear China ” , ” defame China” , ” degrade China ” , …..
    ” western propaganda ” , ” fake news ” , ” brainwashed ” , ….
    ” I lived and worked in China for 5 years, 10 years ,15 years , 30 years even 50 years ” ….. etc

    But totally cannot foresee and give heads up that China protests happening.
    What a bunch of jokers! Are they even for real ?

    Your 英明神武 Xi borned in China , live in China for almost 70 years, knows and understands China more than any of you right! Yet protests happened right under his nose right under his watch. Also totally cannot predict.

    Deng’s time never even ask CCP or him to step down. Yet this round unprecedentedly ask CCP and Xi to step down.

    Xi already embarrassed locally and internationally.

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  • Western Sheep:
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  • PAP mandate strong:

    I cannot help it. Just merely taking the pleasure to rub it in on the pro China fans.

    Video title too heavy. When have i ever said end of Xi , end of CCP ? It’s China protesters who burst it out.
    End of Xi ? If he step down, that’s one solution. But he will never.

    Let’s have some videos on the ground.

    https://m.youtube.com/watch?v=IQAtX0RIeEA

    Tech: What makes you so sure that if Xi steps down, every problem in China would be solved? The others cannot take over the post meh?

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  • HouseWife in Charge:

    ”Charlie Munger says crypto is a bad combo of fraud and delusion — ‘good for kidnappers’ Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malicious combination of fraud and delusion. “This is a very, very bad thin”

    There are pros like Buffet and Munger….and there are housewives.
    Why we give our tax-payers monies to housewives to invest… only the ”God” knows.
    Over the past 50 years what would have been our returns if the pros like Buffet manage our SWF????
    ”Regulation cannot protect crypto customers nor stop platform collapses: DPM Wong”
    Of course.
    But we must regulate so that no more housewives are in charge of our SWFs.
    Only pros can handle our SWFs.

    Dr. Chan:
    @Simon Lim
    As long as taxpayers are willing to keep giving Ho Ching money and keep feeding her gambling habit. Then there is no problem.

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  • PAP mandate strong:

    Thats up to the China people to decide.

    Not many people can be 100 percent certain.
    Xi used to think he’s very popular and people very happy with him ? Yeah lah for the first term. But protests erupted say otherwise.

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  • Soccerbetting2:

    Reported on Straits Times :Quote-”…Crypto exchange MetaComp gets MAS licence

    Cryptocurreny exchange MetaComp joins other players like DBS Vickers and Independent Reserve in offering digital payment token services in Singapore. PHOTO: REUTERS

    Claire Huang…

    SINGAPORE – Cryptocurrency exchange MetaComp has been awarded a full licence by Singapore’s regulator that allows the company to woo accredited and institutional investors.
    In a statement on Thursday, the Singapore-based company said the Monetary Authority of Singapore (MAS) has granted it a full major payment institution permit under the Payment Services Act, effective from December.
    The licence allows it to join the ranks of other crypto players like DBS Vickers and Independent Reserve in offering digital payment token services here.

    MetaComp said it started the application process in 2019 and the licence application was submitted to MAS in 2020.
    Founded in 2018, the exchange is built on the cloud and powered by the Nasdaq trading engine.
    The company said it provides a platform for businesses to develop and scale their digital asset offerings, with services such as over-the-counter and exchange trading, fiat payment gateway, digital asset custody, prime brokerage and asset management.

    MetaComp’s parent company, MetaVerse Green Exchange, is a digital green exchange that holds the recognised market operator licence as well as the capital market service licence under Singapore’s Securities and Futures Act. These licences allow MetaVerse to deal in securities and collective investment schemes, as well as provide custodial services.

    Together, both entities are able to offer exposure to tokens backed by real-world assets such as intellectual property, supply chain financing and carbon credits in the form of carbon neutrality tokens.
    Said MetaComp’s executive chairman and co-founder Bai Bo: “At MetaComp, we believe in the potential of tokenisation and in its ability to solve some of the world’s most pressing issues today – from enhancing financial inclusion to strengthening the integrity of green finance initiatives.”
    He said the company is looking to support traditional financial services in their transition into a new breed of digital financial services.
    On whether this was a good time to be in the crypto business in light of the collapse of exchange FTX, Dr Bai said the fall of an unregulated platform such as FTX emphasises the need for players that are backed by robust licensing regimes.
    There are greater standards expected around security, safety, and compliance, particularly among accredited and institutional investors, he said.
    MetaComp and MetaVerse, both based in Singapore, have a combined full-time staff of 35.”Unquote.

    Response :Singapore government continue to play with more fires giving more licence to crypto exchange Metacomp ! Lose $377 millions also no need Ho Ching to resign ,apologise and be charge ?Those are public money huge $377 milions !

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  • MarBowling:

    Western Sheep:
    December 1, 2022 at 6:09 am (Quote)
    You really don’t know China lah. Go learn from this angmoh, your favorite type of teacher. He says China has lots of protests every year. No big deal. He says other good stuffs, for you.
    Correct link:
    https://www.youtube.com/watch?v=CahOyzka1gA

    Response: Very well said. Interested folks should spend their precious 1st 20 minutes to watch the Great Narrative given by Cyrus Janssen!

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  • idontbelieveinccpbs:

    SG is largest investor in China, there are over 100 of malls and a number of industrial parks, not to say hotels etc. Our Bunny Tooth flew to Chong Qing to officiate Raffles City?

    You think FTX losses not much right? You calculate these malls and hotels invested… plus the parks…..

    Now the malls are mostly empty due to Covid 0….

    How much are we burning every day for last 3 years?

    And Empress Dowager will tell you, lets fry other fishes??? Open more offices in Europe? How about our investments in Russia and India?

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  • Soccerbetting2:

    Watch this Tik Tok news on HSBC closing few hundreds of its bank branches in UK next year April maybe.Link -”https://vt.tiktok.com/ZS8RUdoNx/”.Banks also closing down somemore HSBC ?

    If our country continue to give more and more licence to bank for crypto currencies and when the banks lose money,this maybe what is going to happen to close down and food prices start to skyrock again ! Obvious when banks lose money,they start to increase their food prices businesses to recover back money,don’t they ? And you Lee Hsien Loong never hauled out Grace Fu evil beast backside to use the party whip to whip her backside all the way ! Yesterday ,I went to NTUC and saw the Chee Cheong Fun at NTUC supermarket selling 4 pieces of it at expensive price of think is $2.85 if I remember or see correctly ! Used to be much lower !Skyrock increase !Pui !

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  • Bad decision:

    A bad decision is a bad decision.
    No need to give excuse.
    Need to have some accountability since it is still public money.

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  • Scared:

    These “real-world assets” sound like castles in the sky. Great for a moment, and gone in a few seconds.

    Soccerbetting2: Together, both entities are able to offer exposure to tokens backed by real-world assets such as intellectual property, supply chain financing and carbon credits in the form of carbon neutrality tokens.

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  • PAP mandate strong:

    @ You really don’t know China lah.

    Of course you are right.

    Since Xi and tis Jan guy also totally never saw the protests coming, i guess we have to admit we dont know China.

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  • Western Sheep:

    You admit you don’t know China. Wait. You claim to know that “Xi … totally never saw the protests coming.” You can even get inside Xi’s brain.

    You know, or you don’t know?

    PAP mandate strong:
    @ You really don’t know China lah.

    Of course you are right.

    Since Xi and tis Jan guy also totally never saw the protests coming, i guess we have to admit we dont know China.

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  • Trash:

    Actually, I encourage Temasek to take their chances. Lose as mush as they wish as no one will go after them or any of them need to lose their job. If they win, there will be a huge hulabaloo and pats on the back.

    Anyway our COE has been skyrocketing.. what they lose is peanuts! Go ahead! We can make it back in one bidding.

    BTW any one with any self respect would have committed hirakiri and not wait for our comments.

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  • MarBowling:

    Western Sheep:
    December 2, 2022 at 2:25 am (Quote)
    You admit you don’t know China. Wait. You claim to know that “Xi … totally never saw the protests coming.” You can even get inside Xi’s brain.

    You know, or you don’t know?

    PAP mandate strong:
    @ You really don’t know China lah.
    Of course you are right.
    Since Xi and tis Jan guy also totally never saw the protests coming, i guess we have to admit we dont know China.

    Response: This we do know: there are more than 1 million covid19 DEATHS in USA(population of 325 millions)vs about 5,230 deaths in China(population of 1.4 billion)as of to date!

    And btw talking of DISORDER, there are SIMILAR PATTERNS of MASSIVE Disruption, Violent Protests and Chaotic scenes that were and are ENGINEERED PREVIOUSLY by CIA in HK, Tunisia, Iran, Myanmar, and elsewhere on planet earth!

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  • PAP mandate strong:

    Very frank Answer straight forwardly given. You dislike ? Okay! But cannot be force !

    Continue to watch how things turn out in China. You will get more answers.

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  • Hold Ho Ching accountable:

    Contrarian to what? Contrarian to doing proper due diligence?

    Being contrarian is irrelevant if FTX is a fraud. It never had a chance to succeed.

    Ho Ching should pay for her stupidity and incompetence in investing in FTX

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  • Arguing with Bots:

    Do not spend time arguing with bots or paid posters or brainwashed peasants.
    Some brainwashed sinkies have been consuming propaganda meant for the peasants in China.
    That is why Emperor Xi is so ”popular” among them.
    Yes sinkies that CHOSE to think like China peasants!!
    ”The 50 Cent Party, also known as the 50 Cent Army or wumao (/ˈwuːmaʊ/ WOO-mow), are Internet commentators who are hired by the authorities of the People’s Republic of China to spread information to the benefit of the governing Chinese Communist Party (CCP).[1][2][3][4][5] It was created during the early phases of the Internet’s rollout to the wider public in China.”

    PAP mandate strong:
    @ You really don’t know China lah.

    Of course you are right.

    Since Xi and tis Jan guy also totally never saw the protests coming, i guess we have to admit we dont know China.

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  • Screwpap:

    Since freak TH and even freakier hoching employ a foreigner as CEO,

    What is so fucking SECRETIVE ARE TH INVESTMENTS ???

    CAN’T THAT FOREIGNER CEO JUST SELL TH’S INVESTMENT POLICY AND TRADES ???

    CAN SIGNING A MEMO OF SECRET POLICY PREVENTS THAT FOREIGNER FROM MONKEY BUSINESS ???

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  • I_am_not_mike:

    Arguing with Bots:
    Do not spend time arguing with bots or paid posters or brainwashed peasants.
    Some brainwashed sinkies have been consuming propaganda meant for the peasants in China.
    That is why Emperor Xi is so ”popular” among them.
    Yes sinkies that CHOSE to think like China peasants!!
    ”The 50 Cent Party, also known as the 50 Cent Army or wumao (/ˈwuːmaʊ/ WOO-mow), are Internet commentators who are hired by the authorities of the People’s Republic of China to spread information to the benefit of the governing Chinese Communist Party (CCP).[1][2][3][4][5] It was created during the early phases of the Internet’s rollout to the wider public in China.”

    Hey you, yellow skin with ownself give ownself angmo name mike.

    Did you papa slap you, you yellow skin who lied about not Chinese and can change your race at any time?

    Why come here and lie about your race?

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  • PAP mandate strong:

    @ This we do know: there are more than 1 million covid19 DEATHS in USA(population of 325 millions)vs about 5,230 deaths in China(population of 1.4 billion)as of to date!

    Yes but this info the whole world knows. Is it concealed ? Especially the whole of China since Xi and CCP will capitalize and spread the info. Didnt this info the past 2 to 3 years CCP keep repeating. But protests still erupt.

    Engineer by CIA ? How ? Fly into China first thing is isolate and quarantine dont know how many days in some hotels or whatever places China assigned. They have enough time to check your background.
    Protesters alot are China U students. Going by your logic all are no brainers ? None will rat them out to CCP?
    CIA bribe the China U students ? How to pay ? By bank transactions CCP authority will know. Bring in suitcases of monies and pay in cash ? Ask yourself How much you worth to risk to go protest ? How many suitcases of monies that will be ? And when you pay them it will be a long queue e.g. from Macpherson to Paya lebar. Oversea bank accounts ? How the U students retreive and enjoy the monies. Digital currency ? CCP already stop others except the one they helm.

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  • Cha tao:

    At least make a police report lah!

    Kena scam mAh!
    Criminal stole our money!citizens $
    Not hers!put in police report for record kena scam! Need me to teach.

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  • Trash:

    One Word! STUPIDITY! Another word for CONTRARIAN!

    Those who have traded will know the fear of LOSING.

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  • CCPmyMaster:

    How about asking president Xi to take back the lands, 100x larger than Taiwan, from Russia?

    Which was signed away by Jiang in 1991, enhanced in 2004, extended understanding by Xi again in 2021.

    https://m.youtube.com/watch?v=kvJefpO1WUA&t=921s

    Fake news?

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  • SingTel lost 2.1billions:

    In its majority controlled India telecom (can’t remember the name). Perhaps 270million FTX lost is nothing .

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  • Temusik Patriot:

    What can be WORSE than a SHIM who is A Jinx? Arse HoLee

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  • Soccerbetting2:

    Watch this Tik Tok on cryptocurrency .

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