GIC, a comforting change

Ng Kok Song, the 64 year old veteran Chief Investment Officer of GIC has retired. He is replaced by a younger Lim Chow Kiat, 42. This move is not only comforting but also reassuring. Song Seng Wun of CIMB also agreed that it is a good move to promote from within.

My beef is more than that. With the influx of so many foreign talents, some dressed up as Sinkies waving their pink ICs, it is so scary that many of them will sit in many strategic positions in govt or govt linked companies. I never like the idea of foreigners or new citizens taking up such important positions, managing Sinkie money and assets. I can be trusting and generous in thinking that human nature can also be good. But never be too trusting of strangers. Important positions are best left to true blue Sinkies. This is their home and this is where they belong and where their interests lie.

Let’s hope the Govt will take this point very seriously and not foolishly give away important and strategic positions to foreigners, including PRs and newly minted citizens. The Govt must be prudent and ever vigilance over national interests and the wealth and assets of Sinkies. It is also a way of developing our own human resource and talents, providing them the opportunities to be groomed into such positions.

The banking and finance industry is in a very pathetic state of development where locals will not make it to the top unless father happens to be boss man. So only foreign talents will be given the chance to try and experiment in top banking positions. This piece of GIC news is crucial and hopes it will be the new trend to use Sinkies for such strategic and important appointments in the private and public sectors.

Charity begins at home.


Anonymous said...

Normally occupied by foreign ah neh

Anonymous said...

It's better to trust a foreign crony who knows which side his bread is buttered.
A Sinkie has too many bad attitudes.
Like putting the good of the country first. Instead of loyalty to the cronies who promoted him.

Veritas said...

Lee Hsien Loong is a traitor same as his father Kuan Yew. They have no interest of Singaporeans at heart. Ng Kok Song has did a bad job.

GIC was founded based on failed ideas of Jews bankers -- the notorious and corrupt NM, Rothschild & Son, around 1981. PAP has sold us to Jewish shylocks as well as USA.

I do not have the book beside me. So I roughly recall what has happened.

The Rothschilld hired Goh Keng Swee teacher in LSE, a Jew himself, to lobby Singapore government. The task team are ridiculous, it has 3 person as core member. One of them is a young girl that has ZERO experience in banking. Goh Keng Swee teacher that was in the Rothschild project team is a university professor in maths background.

The whole damn thing is fishy. The Jewish bankers suggested a lot of convoluted financial engineering tools, aiming to impoverish the society and enrich the bankers. Kuan Yew family is prominent bankers.

In fact, GIC and Temasek should not open shop at all. All our saving should be park in gold reserve like what all other central banks did many years ago.

GIC remained under Kuan Yew long time. And after Kuan Yew, GIC was controlled by Hsien Loong. Even Chok Tong and president has no say in GIC. This is a fxxking corrupt organization. Its a fxxking blackbox.

Fxxk the GIC.

Matilah_Singapura said...


>> Let’s hope the Govt will take this point very seriously and not foolishly give away important and strategic positions to foreigners, including PRs and newly minted citizens <

If I gave a shit -- which I don't -- I would say let the best person for the job be he or she foreign, local or a "mixture" be appointed for the jobs.

>> Charity begins at home. <

This is not "charity". This is government-mafia business -- using the property it has seized from the private sector and private citizens to do what-the-fuck.

Anonymous said...

does that remind you of this story.

there is two kids name Redbean and GreenBean. One day, while walking along the road, GreenBean is about to step on DOG SHIT.

RB: Stop, GreenBean, you are going to step on dog shit !

GB: "Don't talk cock lah. How do you know this is really Shit and is dog shit unless you taste it. Until you convince me, please don't insult my intelligence."

Insulted, RB decide to taste the SHIT to feed his ego and to win at all cost. So he pick up a pile of that shit and taste it.

RB: "Ok. I taste it and it is definitely dog shit. Now I have my dignity back."

GB: "WTF ! You eat SHIT just to reclaim your dignity and to prove that you are right ?"

Moral of story: It does not matter whether you step on the shit or taste the shit because you know I know it still SHIT, and you don't have to taste shit to know it is shit when it is NONE OF YOUR F$@#$ING BUSINESS.

Does it matter whether it is dog shit, human shit as long as it is SHIT ?

Can you see how this apply in GIC staff change context ?

What is really change ? Foreigner or no foreigner , their mindset and culture is still the same. Nothing really change. So what's the deal ?

Chua Chin Leng aka redbean said...

The truth will be out one day. What looks so perfect may not be so.

Matilah_Singapura said...

What are you talking about redbean?

Most adults with a functioning brain already know what's going on. Some complain, some ignore...but no one does anything.

There are very few things bout the govt that people don't know. They know. Cow peh alot. Then just leave things as they are.

That's why Singapore is stable. No one rocks the boat. The govt does what it likes.

Got paradise?

Anonymous said...

Change is the only constant. GIC will change, PAP will change, many things will change but whether it is for the worse or better, only time can tell.

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