GIC incurs over $7 billion loss in its UBS investment

Wmyongj SG

LOL. If this happen in PRC, the Chinese will rescind the contract, throw it in the dustbin and turn around to sue the bank for bad faith. Instead, only Stupid Singaporean will honor the agreement, pay the money and take the ‘lost’ as obligation. Guess what 7.2b could buy…72000 HDB houses to be given free to the ‘foriegn Talent’ which effectively solve the housing problem for them. Not bad…Singapore..continue to pay the foreigners, give them a job, give them food and than maybe, give them free house. Afterall, we need ppl to lay eggs in our country.
Isnt, our minister alreay say he is a deaf frog and that we Singaporean are inferior migrants from the southern China..the intelligent Northerner Chinese did not come to Sg. After all, we are making up the shortfall now with Bangala and Indian. That history repeat itself, isnt mankind originte from Africa and that South east Asian, are migrants from the Indus delta from Indian. Our history book say that the Indian Prince spotted the lion and name this island Temasek?

pearlie27 SG

And it was reported that GIC only took 3 days to confirm the deal! Maybe it is managed by super talents who can perform due diligence for complex and big investment in one or 2 days’ time.