Temasek’s unrealized $1/2 billion loss hidden in Pakistani bank merger?
In 2005, Temasek took a 25% stake in March and increased this to 72% 3 months later. This was likely based on the assumption that it was smarter than all other investors. Taking such a huge stake means there was no plan B and Temasek stood to lose hundreds of millions if the bet went sour. It did. Temasek woke up to its mistake...
GIC takes on riskier investments because of its asset mix
CPF members have been repeatedly told that GIC (and Temasek) does not take on riskier investments with our CPF and reserves. This not true. GIC has to take on higher risk because its asset mix demands a riskier approach. GIC’s assets consists of 39% of nominal bonds and cash plus inflation-linked bonds which generate miserable...
When the PM has to sell CPF snake oil/koyok, you know GIC is in trouble
The huge shortfall in retirement funding for Singaporeans is testament to the abject failure of our CPF scheme. Instead of addressing the issue, PAP has engaged in propaganda to create an illusion that all is well, eg in 2011, PAP quietly amended the original objective of providing for an adequate retirement to include providing...
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- Caoliangoh on Pakistan to nuke Israel if…
- Pandora’s box on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- Liar on Pakistan to nuke Israel if…
- unprovoked aggression on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- PAP mandate strong on Pakistan to nuke Israel if…
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