Update 9 – Global Economies Heading For Turbulence, Watch Out China
Global economy turned amber this week, I warned of this on 21 May 2011 at https://www.tremeritus.net/2011/05/21/what-is-next-in-economic-policy-rethinking/. Seemingly 8 weeks “behind the curve”, our most learned Finance Minister, Mr. Tharman Shanmugaratnam, shared the same sluggish global economic thoughts on...
PAP playing around with our reserves issuing blanket guarantee to foreign banks?
One week after Iceland faced bankruptcy, Singapore guaranteed $700 billions deposits of various currencies. This blanket guarantee included foreign banks which had financial troubles in hundreds of billions of dollars. (References: Monetary Authority of Singapore Press Release on 16 Oct. 2008 and Deputy Chairman of MAS Minister’s...
Analysts: Temasek’s rates of return not “particularly impressive”
Singaporeans were allowed a rare peek at how Temasek was doing with the monopoly money today. Analysts like APS Asset Management generally agree that the rates of return achieved were "respectable", but not "particularly impressive". Said one, "It's not a figure you can be jubilant about." Or use to justify the salary increases...
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