Puak-puak pembangkang semua peringkat dari atas sampai ke bawah memang gemar membandingkan Malaysia dengan Singapura. Antara ayat yang sering kita dengar ialah “Kenapa Singapura lebih maju daripada Malaysia,
Jawapan mereka ialah kerana Singapura tak ada Umno, Malaysia ada Umno maka ekonomi kita jauh ketinggalan dari Singapura, Oleh kerana Singapura tak ada Umno maka nilai dolar mereka jauh lebih tinggi berbanding mata wang kita.
Ini lah modal pembangkang kerana terpengaruh dengan propaganda Dap yang dikenali sebagai adik kandung PAP yang memerintah Singapura semenjak Lee Kuan Yew.
!MDB juga menjadi modal ahli parlimen setiap penggal akan mengambil peluang untuk balun 1MDB walau pun ia subjudis.
Mata wang Singapura pernah jatuh paling teruk beberapa tahun lalu berbanding 1 USD. Untuk menstabilkan mata wang mereka beribu juta dolar telah dikeluarkan daripada resab negara untuk mengekalkan nilai dolar mereka agar sama nilai seperti yang ada.
Hari ini mereka syarikat kebanggaan negara kecil itu jatuh terduduk Temasek hancur dijual murah dengan mencatatkan kerugian yang begitu besar jumlahnya.
SG is broke... we are gone case๐ญ๐ญ
No accountability in Singapore.
.1. The Reuters news report of Temasek Holdings investment portfolio's multi-billion dollar losses in Barclays (over £850 million GBP), and Merrill Lynch (over $3 billion USD) were never reported (to date) in any of Singapore's news media
http://uk.reuters.com/article/uk-barclays/temasek-sold-barclays-stake-at-loss-idUKL334812220090603
2. A further single year (2016) multi-billion dollar loss in Temasek Holdings investment portfolio amounted to $24 billion USD
http://www.straitstimes.com/business/temaseks-portfolio-value-declines-to-242-billion-one-year-total-shareholder-return-at
3. Temasek Holdings board of directors have not been held accountable for those losses. Ho Ching is the Chief Executive Officer of Temasek Holdings. She is married to the current Prime Minister of Singapore, Lee Hsien Loong.
4. The GIC Private Limited, which manages Singapore's foreign reserves, lost $9.78 billion SGD of CPF funds in bailing out UBS.
https://statestimesreview.com/2017/05/16/lee-hsien-loong-lost-s9-78-billion-cpf-money-in-gic-after-selling-ubs-stocks/
5. GIC's and Temasek's investee company Xiaomi lost $40 billion USD in value in 18 months.
http://www.theindependent.sg/gics-and-temaseks-investee-company-xiaomi-lost-40-billion-in-value/
6. The GIC Private Limited board of directors (helmed by GIC Chairman Mr Lim Siong Guan, a former civil service head, as well as former Permanent Secretary in the Ministries of Defence, Education, Finance, and the Prime Minister’s Office), including the Prime Minister of Singapore, Lee Hsien Loong, have not been held accountable for those losses.
7. Temasek Holdings multi-billion dollar losses under Ho Ching remain unreported in Singapore news media, and she has never been held accountable for those losses either.
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LONDON/SINGAPORE (Reuters) - Singapore state investor Temasek sold its stake in British bank Barclays several months ago at a big loss, people familiar with the matter said on Wednesday.
A Barclays Bank logo is seen on the outside of a branch, in central London in this October 31, 2008 file photograph. REUTERS/Toby Melville/Files
After spending over 1 billion pounds on shares in Britain’s second-biggest bank in the last two years, unlisted Temasek may have lost over 800 million pounds on the investment, according to calculations by Reuters.
Temasek’s loss is in sharp contrast to Abu Dhabi which sold more than 11 percent of the bank’s shares on Tuesday, making a $2.5 billion (1.5 billion pound) profit in just seven months.
Temasek sold its near 2 percent stake in December and January, two of the sources said. The sources asked not to be named due to the confidential nature of the investment.
“It’s true that they sold in December/January,” a person familiar with the deal told Reuters.
It is further evidence that Temasek is shifting away from banks, after it lost about $3 billion on an ill-timed investment in Merrill Lynch.
The fund’s incoming CEO Charles Goodyear may cut its large holdings in banks to allocate money to energy and consumer sectors, analysts at Nomura said on Tuesday.
By 2:57 p.m. Barclays shares were down 4.4 percent at 261.5 pence. The European bank sector was down 2.4 percent.
Tuesday’s placing of shares worth 3.5 billion pounds at 265p each had sated demand among investors and raised concern Abu Dhabi’s sale marked the top of the recent rally, dealers said.
Investors are also expected to get the option to buy plenty more stock in the coming months as banks replenish capital or investors cash in on the strong recent run.
U.S. lenders Morgan Stanley, JPMorgan Chase and American Express have all said this week they plan to sell shares.
BANK EXIT
Temasek and Barclays declined to comment, and details of the price it sold at were not known.
Temasek paid 975 million pounds buying Barclays shares at 720 pence apiece in July 2007. It pledged to spend up to 200 million pounds last July to buy more shares at 282p each as part of bigger fundraising, but it never disclosed how many it bought. It would have spent about 90 million pounds to maintain its holding at around 2 percent, giving it 167 million shares.
Only investors with more than 3 percent need to disclose changes in their holdings.
Barclays shares traded between 136p and 167.8p in December and between 47.3p and 190.6p in January, when the shares crashed to a 24-year low on fears Britain’s government would need to inject funds to boost its capital. The weighted average for the shares was 148p in December and 105p in January.
Based on the average of those prices, Temasek would have lost about 850 million pounds on its investment.
Barclays shares have soared more than five-fold from its January low after the regulator said its capital was adequate and business and sentiment across the sector improved.
Temasek owns stakes in a number of financial firms, and losses in several of them last year hit the value of its portfolio.
It invested over $5 billion in Merrill Lynch in late 2007 and took a hit of at least $3 billion when it sold its stake in Merrill’s new parent Bank of America in the first quarter..
It still holds large stakes in banks such as DBS, Standard Chartered and India’s ICICI.
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Temasek's portfolio value declines to $242 billion; one-year total shareholder return at negative 9%
PUBLISHEDJUL 7, 2016, 3:00 PM SGT
UPDATEDJUL 7, 2016, 4:08 PM
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Wong Siew Ying
SINGAPORE - Volatile stock markets took their toll on Singapore investment firm Temasek Holdings' portfolio value which shrank for the first time since the global financial crisis.
Its net portfolio value fell to S$242 billion for the financial year ended March 31, down from S$266 billion a year ago.
Its one-year total shareholder return came in at a negative 9.02 per cent, reflecting share price declines of its listed investments, the firm said on Thursday (July 7) in its annual review.
Temasek noted that it ended the year in a net cash position.
For the 12 months to March 31, Temasek continued to be an active investor, with S$30 billion in investments while divesting a record S$28 billion of its portfolio as it reshaped its portfolio to make it more resilient.
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Dictator Prime Minister and also Chairman of his country’s sovereign wealth fund company GIC announced an undisclosed loss over its sale of UBS shares which he bought in 2010. According to Bloomberg, the estimated losses is about two-third of the US$11 billion initial investment in 2007. This loss, comprising of CPF money managed by the GIC, is at least US$7 billion or S$9.78 billion.
Corrupted Prime Minister Lee Hsien Loong’s GIC bail out the Swiss bank during the financial crisis in 2007 without Parliament approval on use of national reserves, and now is regretting his decision. The GIC spokesperson, GIC CEO Lim Chow Kiat, commented on the massive loss:
“Conditions have changed fundamentally since GIC invested in UBS in February 2008, as have UBS’ strategy and business. It makes sense now for GIC to reduce its ownership of UBS and to redeploy these resources elsewhere. GIC is disappointed that it lost money on the investment.”
This is the first public revelation of GIC losses after it declared undisclosed losses by an estimated S$50 billion in 2016.
Read: GIC declare undisclosed multi-billion losses in latest Financial Year report
The wife of Lee Hsien Loong is also screwing up Temasek Holdings’ portfolio with a S$24 billion loss in 2016.
Read: Temasek Holdings: We lost S$24 billion in a year
Just earlier last week, Prime Minister Lee Hsien Loong issued a decree through the CPF Board to depress CPF interest rate at 2.5% for the 17th year – the lowest return ever for CPF and all government-backed superannuation funds. The move is crafted to lessen the CPF’s debt obligations to Singapore’s CPF account holders and shave off cash withdrawal stress from the baby boomer generation who are getting the CPF money in partial, or more accurately fractional, payments. CPF account holders who do not meet half of the S$166,000 Minimum Sum (name changed to Retirement Sum due to negative connotation) can only withdraw S$5,000 in cash upon reaching 65.
The former GIC Chairman was Lee Kuan Yew, who later passed the position to his son to prevent anyone from knowing the true assets of the CPF money and national reserves. Interestingly, Lee Hsien Loong removed his Chairman position in the GIC profile, possibly a move to avoid accusations of corruption. Nonetheless, the dictator Prime Minister weld no lesser powers that of Kim Jong Un on North Korea, with the corruption bureau reporting to him – rendering himself immune to all corruption investigation.
Singaporeans’ retirement is now in jeopardy due to the lack of cash in CPF. Poverty for elderly aged above 60 jumped a shocking 74.32% in 3 years between 2012 and 2015.
