TODAY asks: did govt of sg agree with shin corp investment

last SG · 2006-11-16T09:48:38+00:00

I think all this is up to the choice of Shin Corp.

charlize SG

I want to find out your source which says that she is an economist.

Please don't tell me you heard it from your friend's 16 year old brother. Laughing

shade343 SG

Forbes Magazine. There was one article that described her as an economist with a graduate degree in engineering.

shade343 SG

Yah, I know, but generally, I dont see what has that got to do with the shin corp blunder. The shin corp blunder was a mistake which left everybody wiser in the end. I dont see what the big fuss is all about.

There are top CEO who have made mistakes but their shareholders refuse to accept their resignation because they believe everybody make mistake. The 3billion dollars is like a tuition fee to the BOD of Temasek. I do not see the logic in sacking the BOD when they have become much more wiser.

What if Temasek had made 3Billion in profit? You guys still wouldnt thank or celebrate with them right?

charlize SG

I checked out Forbes.

This what I found:

http://www.forbes.com/lists/2005/11/OO5O.html

She is an electrical engineer by training.

So I find it odd that suddenly she is an economist. Laughing

charlize SG

Ok, name me a few of these CEOs.

I would like to know how they stayed on the job and learn from them. Laughing

shade343 SG

Yes I know, its one in the back issue of Forbes, I read about it last year in the library. Laughing

Zelphon SG

Little Boy.. All working singaporeans contribute CPF to the govt to manage... We DUN FUCKING have a choice... Who says anything abt trust??? In the first place, a degree in economics and engineering doesn't make an expert in investing, LITTLE BOY...

Most SAVVY investors are those that are experienced and intelligent. Getting As in all ur subjects and get a good degree only means you are great at studying....NOT really intelligent....Civil servants are there because they are products of the education system of the govt which only looks at one aspect of a person and that is their ability to study...

NO one in their right mind will TRUST a politician to handle their investment portfolio.... As for the 18% returns...U really think it is impressive ??? WHo knows how much of our reserves is being used to generate a pitiful 18%.... In fact, can this figure be trusted? In Singapore whereby the govt controls ALL media, I doubt the figures and statistics released by anything even remotely linked to the govt...

GROW UP...LITTLE BOY.. Seek the truth beneath the layers of lies that were fabricated since the inception of the PAP.. Observe the changes between the PAP in the 1960s and the one today that head the country..

dragg SG

i wonder which company can afford a 3 billion blunder, let alone decide to keep the CEO after that.

Shocked

shade343 SG

Laughing

I was about to play some DOTA when I read your post. I was so amused by it that I couldnt resist replying to your post.

You really make me laugh. Firstly, you should get your facts right. There are no politicians sitting on the Board of Temasek Holdings.

Secondly, 18% returns were based on total shareholder return. If you cant trust that figures, why dont you lodge a complain with the MoF and ask them to launch an investigation into Temasek Holdings blance sheets?

The fact remains that one needs a good education in order to be a much more capable person. Accumulating Knowledge is a never ending journey which every person should undertake. And studying is one of the methods one can employ in acquiring knowledge.

Also, I suggest you take up an employment with Temasek as an investment manager if you think you can do a better job than their investment managers.

I do not see a basis for Temasek Holdings to lie about their results. They are a large investment firm with key stakes in strategic companies in other parts of the world. Lying about their corporate results is a lose-lose situation that does not benefit the company in the long run.

So dear sir, I suggest you continue to go back in your own world of fiction and daydream more about fictitious conspiracies which serves no real purpose for anybody other than yourself. Kindly do not rebut with fiction in future. Very Happy

the Bear SG

it's called Singapore Incorporated

dragg SG

i think we should agree to disagree.

justcooler SG

PM: NO (to save face)

Today: is this invesment legitimate and in accordance to the Thai law

PM: YES sure (else will be slapping his own face)

Today: If asked to sell off the shares, how will the loss be recovered

PM ans ver1: i believe that will not happen (else i will hv think of ways to juices the sg people)

PM ans ver2: The company will have sufficient reserve for that action (i still hv think of ways to juices the sg people)

Phoebie SG

Laughing

sunny6110 SG

Many businesses world-wide or even Singapore are not clinched successfully going by the front door... It's all about guan xi.. I guess nobody would expect the Man In Power to lose Power overnite.... Mr. Green

I agree that someone should be made responsible to the case of shin corp. BTW... I think 18% returns over the yrs in a an investor point of view is simply pathetic... I need not quote any other overseas example... Compare SPH's ROE over 20 yrs to Temasek's result... Tink if Temasek is gonna Listed on SGX, I dun know abt others... But looking at the track record, I wun even look at it....

But then, tink again... where hv Temasek's assets spread in the past? Concentrated mainly in Singapore rite? If Temasek were to be v profit-oriented... I tink many would hv jump Mrt when there are only NS route available then. It is only these recent few years Temasek has decide to spread its wings world-wide. So I tink Temasek's result cannot be measured mainly in monetery returns only...

shade343 SG

The original aim of Temasek was to promote entrepreneurship and local competition in Singapore. They have now changed their objective to that of a leading world class investor. So I suppose you got to give the company some time in establishing itself.

T.Ryousuke SG

If this is a mistake by someone, then there must be corrective action.
Dun think anybody will let this case rest, it will be a topic use in next GE.
Wonder when can we benefit from the money that gahmen had collect/invest/save. How much anybody know? 200b? or already 400b?

sunny6110 SG

We can benefit only when there is crisis in Sg... It would be transparent to most people who always complain... Terroism nowadays strikes not only in Bombing... Can oso strike speculating our currency... Our government would need those reserves to stablize our currency in case of any attacks...

Do you see Y Temasek is agressively buying into other countries' Banks, Air Line, Telcos recently...? Do u tink it is for $$ returns only? I tink it is oso for Defense purposes... I stress again my view that Nobody would expect The Man In Power to lose His Power overnite.. And many businesses are clinched not going by the front door... Nonetheless I tink someone has to made responsible for the case of Shin Corp.

Wakus SG

Ok brader...or sister...I got your point....Yes 18% seems like a big sum...but brader, it still cannot be ignored that they made a lost with using PEOPLE'S MONIES. And even if they have fund managers, could the FUND MANAGER be the CEO? Why? An economist, is not an Investor. A Engineer is not an Investor. Economists studies behaviours in market and market changes. Engineers are well...engineers. so really cant we have someone more credible?

A valuable lesson yes...But what makes you so sure that this mistake wont be made again...I'll say again...It's not their money they're handling...That's why, if a loss occur, She'll just say...hey i dont regret it...I cant say that she say so cause its not her money. But really, thats what makes normal people pissed about the whole situation. What makes you so sure after, suzhou, Optus and Shin corp....Three by the way...they'll not do the same...

Yes i do not claim to be a fortune teller. And i do not claim that i know how the market would change over the next few years...Hence, i salute you for really being able to support your arguments well Very Happy

But then it still makes me wonder, after these three events why is she still there in the first place...Really, if you want to make an investment company, put a fund manager as CEO. Yes, maybe the presence of employees-type-of-people is to make sure the employee side is represented. But again, shes not earning from the investment...shes earning a stable amount of salary per month...irregardless of the losses...

sunny6110 SG

Y is Optus a bad investment decision? Someone update me?

LinYu SG

won't happen lah. by then get another chap to say sorry also must explain and the thing will blow over by casting day.
Twisted Evil

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