Todayonline, Friday 14 Mar 2008
China group gets Tuas Power for $3.9b
CHINA Huaneng Group has won the bidding for Singapore's
Tuas Power (picture), having offered between US$2.8 billion ($3.9
billion) and US$3 billion to buy the utility firm owned by
sovereign wealth fund Temasek Holdings, the Wall
Street Journal's online edition cited people familiar with the
situation as saying.
... and why? My guess is that it is because they have lost so
much to foreigners, they need to raise cash that they profiteered
from Singaporeans...
Merrill Lynch & Co., Inc. (MER)
The dishonorable despots force Singaporeans to put money in they
CPF and pay interest rates less than the inflation rate... which is
an automatic loss year after year and you can imagine how much you
lose by the time you retire...
They then take the money and put into their own pockets,
millions of public money...
...and in their nepotism, let a jinx lose Singaporeans money to
foreigners...