Who can match such a sterling performance by Temasek? Wealth added is $23 bil and net value of portfolio from $129 bil to $164 bil or $35 bil added. Thus the 38% return should be somewhere between $23b and $35b. Is it reasonable to say that for the last 5 years, 2002-7, the average return from investment is about $25b times 5 or $125b? Now this number may look too big. How about a ballpark figure of $100b?
And this would mean that in 2002, the net portfolio was only $64b. Reasonable? Just guessing. Not going to crack my head on this.
Again confusing the confused.
ReplyDeleteTo achieve that result in Singapore is pretty much simple b'cos of power corruption & monopolised of local markets, s'porean are force to pay every damn thing increases as they like b'cos answerable to share holders & everyone knew who are they.
ReplyDeleteSo those so called extra-ordinary people & do them need to work hard to achieve that sterling performance. Basically, we people are working damn hard like a slave to fulfil their super big & never ever enough appetite. Look at after GST, leaders & servants pay, PUB & now transport are asking again since 1998 crisis till now do they ever stop to increase even oil prices decreased.