MAS's foreign reserve is valued at $240 billion. GIC's portfolio is well over $148 billion. And Temasek is worth more than $185 billion. These are numbers as at Sept 08. If there is no overlapping of interest, it works out to an incredible $573 billion!
Now what is the latest number given the collapse of the world financial market which has led to many tycoons jumping onto the equivalent of our MRT tracks?
Whatever that is left must still be a large number. And this is only those assets that are officially valued.
Before I break out into celebration and laughter at what I hope is a total financial fuck-up on the part of the S'pore govt, I would really like to know HOW MUCH of the stolen goods (aka 'reserves') is still actually on their books.
ReplyDeleteSingaporeans are very rich. Singapore reserves belong to the people of Singapore. You Singaporeans are so lucky to be so rich. I am sooooo envious.
ReplyDeleteevery singaporean will smile once a month when he/she receives the cpf statement. everyone has a rich account there.
ReplyDeleteas for this $573b, divide by 2m adults, each adult shall have a theoretical share of $286,000. can they go to a bank and ask for a loan using this as collateral?
if can, then you are right to be envious.
Of course you can. It is your money, so I don't see why you cannot use that as collateral. Singapore reserve belongs to Singaporeans, therefore all Singaporeans are rich.
ReplyDeletegood health and clean living,,,how to calculate ?
ReplyDeleteMoney money money,,,,drives you crazy.
Me,,,,Poorman but rich in spirit n health o.k.
Tomorrow die can't bring money to heaven loooo.
So live simple life style,,,don't worry too much.
http://www.singstat.gov.sg/educorner/faqsinvestment.html#qn5
ReplyDeleteSinner-Spore
Wah Singaporean had so much money and still very stingy leh.
ReplyDeleteShould be smarter abit lah, by voting more watch dogs to guard the Top dogs from eating to much like preparing french dinner for themselves. ha ha.
Anyone, anyway to verify if the numbers published are the actual physical money or just virtual figures? I am not sure, but something I am very sure is, if there is no takers, a price-tag means nothing. It doesn't matter how much you are worth if there is no demand.
ReplyDeletethe numbers are auditted.
ReplyDeleteThe accounts of the big banks and financial institutions of the west were also audited, but...
ReplyDeleteLost Citizen
The recent biggest fraud in India was auditted too.
ReplyDeleteoops, i must be dreaming. but maybe their auditors got no standard.
ReplyDeleteOnly ours got standard meh?
ReplyDelete