GIC masks its poor rate of return from CPF members by reporting in US$
GIC has been engaging in propaganda to ‘boost’ its performance, eg disclosing irrelevant information to mask its poor returns. Since GIC invests in only foreign assets which carry high forex and political risks, one would have expected a higher rate of return. Instead, GIC has disappointed and due to its poor performance,...
Temasek makes money on Snap
CEO Ho Ching Something alternative media will not tell u about. To be fair neither will the subversives working in ST. FT reported that filings showed Temasek sold Snap 300,000 shares valued at US$6.76m. This works out to US$22.33 a share. Snap sold shares at its initial public offering in March at $17 apiece and at that price...
PM, this is real economic growth
On a year on year measure, GDP rose 3.8 per cent – above a 3.3 per cent forecast – and a moderation from the 4.3 per cent year on year registered at the start of the year. The first quarter expansion was Hong Kong’s best since 2011. FT Now our constructive, nation-building media reports that for S’pore the year-on-year...
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