The report
also said Temasek had set up an European Advisory Panel in January but did not
name the panelists, presumably also high powered who’s who in Europe. Temasek has big investments in these
continents and needed good advices that money can buy. And these eminent people
would not serve for free and would definitely be paid handsomely. I am
presuming of course. They may be doing charity for Temasek by asking for
peanuts and being in the Panels would be a great honour itself that is more
rewarding in non monetary terms. It is more likely and realistic that such high
powered people would not spare their precious time for free. The big question
is how much?
How many of
such Panels have been set up world wide and hopefully the returns are worth it.
A better panel to pay for would be membership to the illuminati if money can
buy membership to this cloak and dagger mysterious organization.
Has
Singapore become a better and economically more sound in the management of its
economy and hundreds of billions of dollars of investments? Or Singapore is
still throwing money at anything that moves? How many of the failed bankers and
financial professionals made redundant after the subprime and world financial
crisis have landed here and given lucrative jobs, with Singapore being the
Santa Claus in another form? The number of academics flooding the academic and
non academic institutions in Singapore and the money paid to them is no small
change. What is the return or benefit to Singapore for spending so much of the
public’s money on such academics? Are they worth the money spent? Or they are
just like hobbies to be collected to boost one’s ego, that we have so many
trophies to wave around?
Would be good
if this is discussed in Parliament, to conduct an audit and to assess if it is
money well spent? Does Singapore have a bottomless pit of gold that we can just keep sharing with the rest of the world just to feel good?
ReplyDeleteNo need to debate anything in
Parleement la.
70% have full faith in the
cont'd from Above.
Delete70% of Sinkies have
full faith in the Leeders.
And have given them
the Mandate to do as
they like.
Anyway, the Leeders
are doing their bestest
to make Sinkies richer.
Must appreciate and be
thankful to the Leeders.
patriot
RB...again you ask wrong question....))) we have the greatest investment company in the world with YoY returns which none of those invited jokers can ever hope to achieve...btw...any of our great financial wizards invited to their advisory boards? What a great way to start the morning...)))))
ReplyDelete
ReplyDeleteSingapore...........
* lots of money?
* a bottomless pit of gold?
* a very generous Santa Claus?
or it is a case of 小财不出大财不入!
Really 小财不出大财不入?
We shall see.
Cheers!
Come to think of it you are right. How many big funds can afford to lose $100b and survive and grow bigger some more.
ReplyDeleteAlamak...Its not Santa Claus la ( 'cos Santa only give presents but not money Leh?) ..It's call God of Fortune or "财神爷" la in eastern context..GLC/Temasick all wan to play Fortune Gods & hire "运财童子"or "Gods of Money Transfer" to get rich much like a money sucker machinery...
ReplyDeleteWOW. The shit is getting from very bad, to unbelievably fucked up!
ReplyDeleteHaving such "Guanxi" between govt and their massive sovereign funds and powerful global corporations will not have a good ending.
This is globalisation gone totally INSANE, because it is now IMPOSSIBLE for these large nexuses to "do good".
If they "do good things", people lose their jobs or kena robbed of their freedoms. If they "do bad", same thing, only worse. If the MAKE MISTAKES...I can't even imagine what the fuck will happen.
Introducing good or bad policy and legislation doesn't worry me so much, because large "joint ventures" between govt and corporations move slowly enough for people to anticipate the bad outcomes and take some precautions. It is the MISTAKES which scare the shit out of me: NO ONE will see this coming. Even if you did, NO ONE will listen to you. Chances are, everyone---including the govt and the corporations---will be caught UNAWARE, and there'll be catastrophic failure and widespread suffering.
The amount of money being paid to these "advisors" aside...This is very fucking bad.
P.S. Has anyone noticed the massive CONFLICTS OF INTEREST here?
ReplyDelete
ReplyDeleteMr RB, their vision : you must not think short term.
These are long term investment, you know!
Chinese saying : Small wealth No Out Big WEALTH No In.
Just punt and put your heads into the Sand like ostriches.
What is 100 billions? Small peanuts
Like one of my old timer friend investor said No Sell No lose.
Only paper lost.
From 100 billions to five billions, No Sell non loss only paper lost.
The dollar papers became toilet paper.
Cheers
@Anon 10.17am
ReplyDelete"Yo Ho Ho...(Looong Ho Ho..) against Huat Ah (发啊！)..seem like the natural aristocrats dun like the huat ah party ( WP hougang )...
According to the bananas any thing from America and Europe are all" tokong"
ReplyDeleteSo Temassik should be in good hands.Put Money. take money.
I'm guessing that all these experts believe in globalization and the free movement of labour.
ReplyDelete/// Has Singapore become a better and economically more sound in the management of its economy and hundreds of billions of dollars of investments? Or Singapore is still throwing money at anything that moves? /// redbean
ReplyDeleteredbean
You must be more specific.
Who is this Singapore you are referring to?
If it is the Singaporean PMET ... then no doubt they will not benefit.
If it is the elite top 1% of Singaporean society ... then do you think they will benefit from the free networking opportunities (provided by Singaporean taxpayers' money?) with the elite of America and Europe?
If you believe in LKY and his books.
If the elite 1% of Singaporeans benefit and do very well.
Then eventually (after a long period of time) ... the benefits will trickle down to the rest of the 99% of Singaporeans.
This is called the "trickle down theory" of economics.
First, the elite must get rich ... with the support of Singaporeans' taxpayers money.
Then the benefits will slowly (tan ku ku) trickle down to you the 99% of un-wealthy Singaporeans.
Is this also called crony capitalism?
Wah.
ReplyDeleteWe do business with India & China & ASEAN
And now we do business with America and Europe.
I wonder if Temasek and PAP got time to do business with Singaporeans or not ah?
ReplyDeletewho say Singapore is dull
life here is very interesting and very exciting
now, there is an attempted robbery of a bank as reported
don't have the details
but times are really bad
sad
Suspect reported as a Caucasian.
ReplyDeleteOMG ..wat Ang Mo? Rob bank here? Must be really desperate la..Nevermind la this Ang Mo will be let off or maybe fine or jail 1-2 weeks after that bziness as usual..or tat Ang Mo could hv left tis red dot for good la..any way this Ang Mo is jus practising "don't be afraid to make mistakes" Lah..
ReplyDeleteThot Holland Village could be a target for terrorism, it turns out to be a bank robbery.
ReplyDeleteIt's now said that the Robbers an
angmo which is truly unusual or You
may say it's uniquely Sin.
ReplyDeleteBro, saw many instant baked Ang Mohs with SIN red passports frequently to Malaysia at checkpoints.
Lined up at electronic self kiosks instead of service Immigration Counters. Like all Sinkies, after awhile been sucked dried by the Pay And Pay goes to Standard Chartered for replenishment of stocks.
Nothing unusual, later we have the Ah Neys, Pinoys, Italians, and many Others joining the queue at all Banks.
Thanks to the PAP. Cosmopolitan Cuntree
The StanChart bank robber probably East European --- many of them did NS in the earlier years when they still had compulsory NS. And their NS is really tough and gangster-style. Because of their rough history & poor economy, hence most of these East Europeans tend to be uncivilised and prone to resorting to illegal activities & violence. Its in their culture.
ReplyDeleteBut then horr ... in spite of their gangsterism and violence, this bank robber cannot hold a candle to Singapore's very own master robbers -- Temasek & GIC.
E.G. Temasek just reported to have lost $34.5 Billion of our reserves (again!).
http://www.bloomberg.com/news/articles/2016-07-06/temasek-assets-likely-fell-first-time-since-2008-on-china-rout
ReplyDeleteLicenced Gangsters are always
more terror than the Wild Gangsters
They have Infinite Power bestowed upon them by the Voters. That means they have the Mandate to do as they like.
patriot
Ang moh tua kee. Just asked and teller just give, swooning over the handsome hulk. Wonder if they know each other.
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ReplyDelete