S'poreans urged to take precautions in case downturn occurs

last SG · 2008-08-02T17:24:18+00:00

Hope the "man hit train" tragedies wont be back! usually happened plus minus 1 to 2 months around the lunar 7th month

oxford mushroom SG

A downturn will come about, although if we are lucky we might escape from a recession. Singaporeans need a dose of reality. Dump that car and take public transport. Forget about the overseas holiday and visit Sentosa instead.

maurizio13 SG

It's the same hole for you.... :)

ditto doc fungus.

i see, you still hold a grudge against me after constantly losing to me in arguments.

a bit petty aren't we.

maurizio13 SG

obviously somebody is not using his brains again

not everybody drives a car in Singapore

not everybody goes for holidays overseas

the latest post by Fantagf was talking about raising fares by transport company

it's sad when people support blindly without the use of brain, or

maybe they did, it's just that it doesn't have enough computing power.

will4 SG

There seemed to b many trouble lying ahed for ML but is their condition going to improve by end of the year?

lionnoisy SG

''When the recession comes - and it will - that $10 billion GIC and Temasek lost on Merril, Citi, UBS will come in really helpful for Singaporeans... CEOs of these banks have all committed seppuku. Where is the accountability in Singapore?''

Merrill compensates Temasek US$2.5 billion for drop in share

price.So,it is genius for Temasek,share price up,it will gain.

Share price drops,it will be compensated!!

Will u all guys pl be more professional in discussion.

Dunt just copy and paste without digestion.

Temasek is not so stupid just to buy shares blindly and becomes

Merrill's largest shareholder.

When Temasek bought US$5 b shares sometimes back ,

there was a capital protection provision

that if Merrill issue share later at price lower than what Temasek

bought,Merrill has to compensate Temasek fully.

Now Merrill compensates Temasek US$2.5 b,

though Temasek uses all 2.5 b to buy new issued shares.

UBS and CITI deals are just creditors--no loss yet

The up or down of UBS and CITI shares are not affecting Temasek

interest to be collected from these 2 giants,

unless they go bust.

I think our learned forumers here know what is creditor!!

Up to today,Temasek are just lenders ,BUT NOT SHARE HOLDERS

OF UBS and CITI.The reasons are many,among them

is Temasek dunt know the full picture of subprime.

But it is a once in few decades chance to get a big share in big and great

companies.

Temasek is vey cautious in UBS and CITI deals by becoming just a lender,

but not a share holder.

Previoulsy, it is suprised to me that Temasek bought

Merrill share without protections.

The truths are it incorporates price protection and ,i read

from other news,that Temasek get dilutions protections also.

http://afp.google.com/article/ALeqM5iPdwYnuGB5awF1tx50Nx_Ytrdm2A

2.Oz also issue same warning

Matthew Franklin and David Uren | August 02, 2008

http://www.theaustralian.news.com.au/story/0,25197,24115289-601,00.html

Sg is not alone in problems of inflation,recession etc.

But we have the income from investment to buffer for buget deficit.

redDUST SG

Merrill compensates Temasek US$2.5 billion for drop in share

price.So,it is genius for Temasek,share price up,it will gain.

Share price drops,it will be compensated!!

Will u all guys pl be more professional in discussion.

Dunt just copy and paste without digestion.

Temasek is not so stupid just to buy shares blindly and becomes

Merrill's largest shareholder.

When Temasek bought US$5 b shares sometimes back ,

there was a capital protection provision

that if Merrill issue share later at price lower than what Temasek

bought,Merrill has to compensate Temasek fully.

Now Merrill compensates Temasek US$2.5 b,

though Temasek uses all 2.5 b to buy new issued shares.

UBS and CITI deals are just creditors--no loss yet

The up or down of UBS and CITI shares are not affecting Temasek

interest to be collected from these 2 giants,

unless they go bust.

I think our learned forumers here know what is creditor!!

Up to today,Temasek are just lenders ,BUT NOT SHARE HOLDERS

OF UBS and CITI.The reasons are many,among them

is Temasek dunt know the full picture of subprime.

But it is a once in few decades chance to get a big share in big and great

companies.

Temasek is vey cautious in UBS and CITI deals by becoming just a lender,

but not a share holder.

Previoulsy, it is suprised to me that Temasek bought

Merrill share without protections.

The truths are it incorporates price protection and ,i read

from other news,that Temasek get dilutions protections also.

http://afp.google.com/article/ALeqM5iPdwYnuGB5awF1tx50Nx_Ytrdm2A

2.Oz also issue same warning

Matthew Franklin and David Uren | August 02, 2008

http://www.theaustralian.news.com.au/story/0,25197,24115289-601,00.html

Sg is not alone in problems of inflation,recession etc.

But we have the income from investment to buffer for buget deficit.

what are the realized `income from investment' that we can buffer? pls point me the way so i don't feel like i am the last to know.

oxford mushroom SG

ditto doc fungus.

i see, you still hold a grudge against me after constantly losing to me in arguments.

a bit petty aren't we.

No I just cannot resist teasing the resident anencephalic monkey

maurizio13 SG

No I just cannot resist teasing the resident anencephalic monkey

you are so adorable.

i wonder if oxford mushroom would be so kind to help out his ally "O o O o" aka Gazelle.

O o O o SG

Can someone please tell me if a Sole Proprietor company has shares?

Can someone please tell me if rising inflation will create more havoc to financial institution in USA?

Can someone please tell me if Temasek make money from the recent disposal of Indosat?

Can someone tell me if the petrol price in Japan and Korea is S$1.43 and S$1.50 respectively?

purpledragon84 SG

for common folks, public transport fares are increasing..

for ministers, wages are increasing..

wow!

Fantagf SG

for common folks, public transport fares are increasing..

for ministers, wages are increasing..

wow!

Fares increase very good for Temasek Holdings. Temasek Holdings headed by ho ching, a member of the lee family. Greed knows no bound. To them, may be they think can bring all their filthy money to hell when they report there. ha ha .

purpledragon84 SG

they took the number of zeros on hellbank notes too literally..

Fantagf SG

they took the number of zeros on hellbank notes too literally..

They bring along their filthy S$ to hell, people here no need to burn any hell notes to them. May be after the arrival of LKY in hell, pic on the hell notes may change to LKY's face. he hee hee

maurizio13 SG

I thought one month back, LKY was telling us that there will be no downturn for Singapore.

One month only the words got changed to something else, either they have lousy forecasting methods or somebody is senile.

eagle SG

No matter what, we should still be prepared for a downturn even if the economy is doing very well. This is in Mandarin ju an si wei

Btw, how come Gazelle suddenly pop up in this thread with totally irrelevant content that already has their own threads?

pearlie27 SG

It is confusing, Tharman said Singapore not headed for a recession, now ministers and MPs urge Singaporeans to take precautions in case there is a downturn.

Even MM Lee and his son are contradicting themselves. MM said economy very good in the next 5 years, then barely a week later his son asked us to brace for a downturn.

maurizio13 SG

Even MM Lee and his son are contradicting themselves. MM said economy very good in the next 5 years, then barely a week later his son asked us to brace for a downturn.

Hehehe................

Something is wrong somewhere.

Fantagf SG

Even MM Lee and his son are contradicting themselves. MM said economy very good in the next 5 years, then barely a week later his son asked us to brace for a downturn.

I thought one month back, LKY was telling us that there will be no downturn for Singapore.

One month only the words got changed to something else, either they have lousy forecasting methods or somebody is senile.

=================================

Sometime this year, LKY did mention that US economy will not affect Singapore. Last year or beginning of this year PAP, LKY spoke about golden period for Singapore. I have not been successful in retrieving these articles online, if anyone has the articles, would appreciate it if you can post it here.

One person in Pay and Pay was rather accurate, Dr Tony Tan. He did mention about recession/economy.

What happen to the old man, he is getting more and more absurd, has his senility reached its peak? Or is he misleading Singaporeans?

angel7030 SG

This is a global problems, in fact USA is in recession, all economy indicator shown a slow down in all countries and sectors, however our govt should be able to ride the tide as they still have lots of reserve, i believe the next 2 years will be all downhill, but it is a norm in economy cyclical trend, nothing can go up forever, its need to go down to recuperate and bounce back.

What is critical here is who can withstand this downturn and see it thru without much problems, i believe singapore can do it again as they have shown so much in the past that they can do it.

This is where singapore stand out among some countries.

pearlie27 SG

What is critical here is who can withstand this downturn and see it thru without much problems, i believe singapore can do it again as they have shown so much in the past that they can do it.

This is where singapore stand out among some countries.

Hope the "man hit train" tragedies wont be back!

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