‘Singapore's GIC and Macquarie invest in Australian student dorm developer
Singapore
sovereign wealth fund GIC and Australia's
Macquarie Capital said Wednesday they have formed a joint venture that bought a
majority stake in an Australian student accommodation group.’ AFP. This news
was reported about a month ago.
GIC, our SWF, one of the biggest in the world, is
investing money to build dormitories for students in Australia.
I can’t remember whether it was GIC or Temasek that invested in the ill fated
childcare that went bust and burnt a big hole in the fund’s pocket. Oops,
apologies, just a tiny hole only, smaller than a kacang puteh.
There are some commonalities in the two investments.
Both by Singapore’s
world class SWF managed by the finest talents money can buy. Both involved
education and students, only difference is one is bigger than the other. Let’s
hope and pray that the commonality stops here.
One thing for sure, investing in the education of
children is a noble thing to do. And the cost would not be as big as investing
in world class banks. So it is a very safe investment and any losses would be
kacang puteh at most.
This is prudence at the highest level, small risk
investments. May I suggest investing in foodcourts, hawker centres and pasar
malams, all national institutions, to the world market? These are low cost
investments but with potentials to be Singapore’s
Kmart or MacDonald and Kentucky Fried Chicken. Can tap on low cost engineering
from India and
low cost labour too to make these investments even more competitive.
They said branding makes a world of difference. Brand
these products with the names of GIC or Temasek would definitely raise eyebrows
and make them great household names.
Oh, talking about dormitory and labour, how about
investing in dormitories for our 2 million foreign worker and talent
population? There is a critical mass to make the venture worthwhile and also
help to solve our social problem of not providing quality living environment
for these people that came to help turn Singapore
into a world class city.
A real shocking headlines would be "GIC Investing in Singaporean Students"
ReplyDeleteThese guys don't believe that if Singaporeans do well, Singapore will do well.
Our PAPigs seem to like their immigrants rich and the citizens poor.
Alamak. GIC cutting into our (private owners) action.
ReplyDeleteStudent dorms and living quarters near campuses have been very lucrative investments -- especially for Asians. Many families send their kids to study n Oz, but instead of burning possibly 100's of $ on rent, they buy property. When kids graduate, then rent out property to other students.
I have a Malaysian friend also very clever. He rents/ buys properties near campus and decks them out for student accommodation, and then subs out to students. The fucker hardly does any physical work and pockets tens of thousands a month...damn shiok lah.
Now the cheebye Singapore GIC come in and probably spoil market.
Fuckers.
yeah, right, rents out to other fellow students and live on passive incomes.
ReplyDeleteLater, got blungeon to death by baseball bat and murderer got acquitted.
Hope same happens to sinkie households in sin city living on these investments.
GET RAPED, BLUNGEON TO DEATH BY THE FOREIGN TRASHES.
"Oh, talking about dormitory and labour, how about investing in dormitories for our 2 million foreign worker and talent population?"
ReplyDeleteRB
No lah, investing in this is not worthwhile at all, because ROI is no good. If not, Temasek and GIC would have invested already, no need for kopi asking RB to suggest.
Is ROI good for giving scholarship to daft Sinkies? Definitely not, when there are so many foreign talents from all over world to choose from to give.
Better chances of catching good and exotic fishes from the big ocean than from the small Sinkie pond, tio bo?
Such big international funds investing in petty businesses with low level of entry and barrier!
ReplyDeleteAh Long will do a better job and no need to pay millions of dollars in salaries and bonuses.
All our Millionaire talents.
ReplyDeleteWhat can they really do?
Nothing.
Other than buy property and become landlords.
Where did they learn?
They learn in Singapore.
Where they rent HDB flats to us for 99 years and make us pay 99 years of rent in advance.
And some more.
They make us, the tenants pay a percentage for things like lift upgrading.
Anywhere else in the world.
The landlord/owner pays for all structural defects & upgrades.
And 60% of daft Sinkies still believe they "own" their HDB flats.
U think I can interest them in my char kway teow stall?
ReplyDeleteHave you been feeding the right people free tasting of your XO char kuai tew with extrraa egg?
ReplyDeleteTHey think that they can control the aussie politicians.
ReplyDeleteIs it fair to say that PAP government companies are very good at making a profit in Singapore?
ReplyDeleteBut not so good in making a profit overseas?
"Is it fair to say that PAP government companies are very good at making a profit in Singapore?"
ReplyDeleteAnon 7:46 am
Fair or not, not good overseas or not, that is not the most important.
Most important is PAP is very good at winning the GE in Singapore with at least 90% seats.
Tio bo, u tell me lah?
GIC & TEMASEK could set up as many casinos as possible outside Sg.
ReplyDeleteThink there is casino operation school in Sin, give diploma and degree courses to cater to the HR needs. Viola, a sure win business for Sin to prosper.
What's so difficult ?
Excellent idea. Setting up casinos overseas does not have to bother about the protests by righteous groups. There have been investing in petty loan shops with good profits. Casino is not much difference.
ReplyDelete