Mr_b20 6th Gear May 15, 2009 Share May 15, 2009 and the sickiest part, always never report in our 154th media must find out from international news ↡ Advertisement Link to post Share on other sites More sharing options...
Jeff49er Clutched May 15, 2009 Share May 15, 2009 wonder we have good memories during the next GE....or we are still concern about whether there is a lift stopping on the level where we stay.... I am sure we do have good memories. WHen it comes to decison time during GE and u see the rival parties' credibilities there are voters who tend to go for the safe and proven team. Link to post Share on other sites More sharing options...
Quirky_ster Clutched May 15, 2009 Share May 15, 2009 I have shiver up my spine reading these posts.... Link to post Share on other sites More sharing options...
Yipsy1 Neutral Newbie May 15, 2009 Share May 15, 2009 For a country that does not have oil or any other natural resources, a sovereign wealth fund like Temasek have a total assets of S$185billion (2008). This is very credible achievement however you cut it. This monies is for us Singaporeans. Not the selected few. Just look at our neighbours, so rich in resources and all the monies going to only the selected few. Loss of $1billion is really peanuts considering that they earned S$22billion last year. Dun miss the forest for the trees. Big picture please. http://en.wikipedia.org/wiki/Temasek_Holdings In 2008, Temasek Holdings achieved a net profit of S$22.474 billion (about US$15 billion) on revenues of S$83.284 billion (about US$55 billion). Link to post Share on other sites More sharing options...
Svtfocus Neutral Newbie May 15, 2009 Share May 15, 2009 Tell that to the poor and needy people who are struggling to survive on a day to day basis. For a country that does not have oil or any other natural resources, a sovereign wealth fund like Temasek have a total assets of S$185billion (2008). This is very credible achievement however you cut it. This monies is for us Singaporeans. Not the selected few. Just look at our neighbours, so rich in resources and all the monies going to only the selected few. Loss of $1billion is really peanuts considering that they earned S$22billion last year. Dun miss the forest for the trees. Big picture please. http://en.wikipedia.org/wiki/Temasek_Holdings In 2008, Temasek Holdings achieved a net profit of S$22.474 billion (about US$15 billion) on revenues of S$83.284 billion (about US$55 billion). Link to post Share on other sites More sharing options...
Zyrofillica 1st Gear May 15, 2009 Share May 15, 2009 aye majority of temasek is built from cpf hor. else where the govt got such a big fund to play around with? 1 million singaporeans. each with 100k in cpf. Thats 100 billion dollars already. Link to post Share on other sites More sharing options...
Yipsy1 Neutral Newbie May 15, 2009 Share May 15, 2009 Tell that to the poor and needy people who are struggling to survive on a day to day basis. Try going old Delhi. Their poor are living on make shift tents on the streets, young children begging on the streets. It becomes a vicious cycle. The 'struggling poor and needy people' in Singapore would appear to be living in Heaven when compared to them. Dun over exaggerate your stories about 'struggling to survive on a day to day basis'. Heard of anybody in Singapore who dies of hunger, starvation on a daily basis? Link to post Share on other sites More sharing options...
Svtfocus Neutral Newbie May 15, 2009 Share May 15, 2009 You go Delhi yourself. Stay in context, I'm talking about Singapore. $1 billion can help many people. If we don't have needy people, then we won't need NGO's, VWO's and other charity and welfare organizations. I hope one day you will find yourself in a poor and needy situation. Then you will be in Heaven. Try going old Delhi. Their poor are living on make shift tents on the streets, young children begging on the streets. It becomes a vicious cycle. The 'struggling poor and needy people' in Singapore would appear to be living in Heaven when compared to them. Dun over exaggerate your stories about 'struggling to survive on a day to day basis'. Heard of anybody in Singapore who dies of hunger, starvation on a daily basis? Link to post Share on other sites More sharing options...
Tohdj Neutral Newbie May 15, 2009 Share May 15, 2009 i remember that Ministry of Finance was the direct owner of state-owned enterprises and companies like Singtel, DBS, pidemco, ST etc etc etc. These holdings were consolidated under a single holding company called Temasek Holdings, as it would be easier to manage these investments as a private holding company. So temasek's money didn't come from CPF. Link to post Share on other sites More sharing options...
Tohdj Neutral Newbie May 15, 2009 Share May 15, 2009 There are good professionals and bad professionals. Being professional just means they get paid. ...and when they lose lots of money...they will say "I've no regrets..." Link to post Share on other sites More sharing options...
Quirky_ster Clutched May 15, 2009 Share May 15, 2009 Try going old Delhi. Their poor are living on make shift tents on the streets, young children begging on the streets. It becomes a vicious cycle. The 'struggling poor and needy people' in Singapore would appear to be living in Heaven when compared to them. Dun over exaggerate your stories about 'struggling to survive on a day to day basis'. Heard of anybody in Singapore who dies of hunger, starvation on a daily basis? That is a a HUGE country you are comparing to.. most of those living on the streets are from the rural areas trying their luck through begging since this is the best form of income since jobs are difficult to come by.. But then again.. they also have one of the top billionaires there are as well as many millionaires.. it's a different dermographics systems.. Over there a $1B... will disperse in thin air if they are to share it around with those that needs it... compared to the few thousands in singapore.. for the same $1B. it's the law of relativity.. They are poor and need to seek or beg or scavenge for food to eat but hey they have no debt!.. Most Sg living in our pigeon home is poorer than these people because we have negative assets..loans, bills and debts to pay.... Can poor Sg beg? ...and loiter the streets to ask for help, food and surviving...? My grandparents was poor once.. but they have land to work on to survive on the food, they have the sea to go fishing.. and chickens for the eggs... and they are debt free... all 10 children survive and have sufficient education... You are probably right... we should not complain so much... how much we contribute to the reserve.. just pay GST wanna tok so much... These are my 2 peanuts view on this matter... Link to post Share on other sites More sharing options...
Yipsy1 Neutral Newbie May 15, 2009 Share May 15, 2009 You go Delhi yourself. Stay in context, I'm talking about Singapore. $1 billion can help many people. If we don't have needy people, then we won't need NGO's, VWO's and other charity and welfare organizations. I hope one day you will find yourself in a poor and needy situation. Then you will be in Heaven. Crux of the story is: They lost 1billion. But overall they earned $22billion last year. So what is the problem? Nit pick on their losses? Sorry no Heaven. I'm going Hell. Got booking number to Hell already... Link to post Share on other sites More sharing options...
Furrynadz 5th Gear May 15, 2009 Share May 15, 2009 its a buffet Link to post Share on other sites More sharing options...
Quirky_ster Clutched May 15, 2009 Share May 15, 2009 Crux of the story is: They lost 1billion. But overall they earned $22billion last year. So what is the problem? Nit pick on their losses? Sorry no Heaven. I'm going Hell. Got booking number to Hell already... If I give you 10 praises and then give you one swearing ... which one you will grumble about... Link to post Share on other sites More sharing options...
Svtfocus Neutral Newbie May 15, 2009 Share May 15, 2009 Granted they have done a good job overall, agree with you. But downplaying a $1 billion loss was my contention. Sorry bro, no offense, just speaking my mind. I was harsh on the Delhi and Heaven thing. Apologies. Better say my peace with now because I might meet you in Hell... Crux of the story is: They lost 1billion. But overall they earned $22billion last year. So what is the problem? Nit pick on their losses? Sorry no Heaven. I'm going Hell. Got booking number to Hell already... Link to post Share on other sites More sharing options...
Yipsy1 Neutral Newbie May 15, 2009 Share May 15, 2009 >it's the law of relativity.. They are poor and need to seek or beg or scavenge for food to eat but hey they have no debt!.. Most Sg living in our pigeon home is poorer than these people because we have negative >assets..loans, bills and debts to pay.... Can poor Sg beg? ...and loiter the streets to ask for help, food and surviving...? Bro, if we sell all our pigeon holes, and whatever assets here and migrate to India, we will live like a king! The poor if they beg on the streets will have welfare officers scooping them up and send them to welfare homes. Never to beg again. Cant say the same for other countries. The poor in India especially have no chance of moving up the social ladder as the caste system is still deeply entrenched. In Singapore, we do not care your background, as long as you perform, you will move up the ranks. Mediocrity rocks. >My grandparents was poor once.. but they have land to work on to survive on the food, they have the sea to go fishing.. and chickens for the eggs... >and they are debt free... all 10 children survive and have >sufficient education... During our grandparents time, it's basically feeding hand to mouth. Living by the day. Now our kids expect overseas travels, luxury cars, condos and everything good. The big difference in lifestyle and expectations during our grandparents time and now is quite unbelievable. If my grandmother is alive and see our lifestyle, I swear her jaws will drop off the floor. >You are probably right... we should not complain so much... how much we contribute to the reserve.. just pay GST wanna tok so much... GST? 7% is not a lot with all due respect. Look at the VAT for the rich, resource full developed countries. Ours is quite minimal. Link to post Share on other sites More sharing options...
Quirky_ster Clutched May 15, 2009 Share May 15, 2009 I only dare to say about India.. coz' I was there numerous times and managing the operations all over India...... We sell our staff and become king there.. true.. probably have 10 servants for the every nitty detail.. but not for long... real estate are more expensive in singapore and their interest rates is a killer... on the other hand.. there's this thing about being paid if you are not working for up to 2 years in Europe.. and the maternity leave that takes ages to complete... yes their GST is heavy.. agreed... but so are the welfare....... SG is still a balance place.. it's a challenge to live here.. but pls dun downplay the $1B losses.. they may have earn $20+B last year.. but what's the total lost actually... So long they dun give "quirky" remarks that will bite them back, I am ok with that.. Link to post Share on other sites More sharing options...
Drive_carcar Clutched May 15, 2009 Share May 15, 2009 They have lost so much $$$, I am interested to know if fat bonuses are still being paid out. Anyone knows? When I last heard, they got paycut. They also cut budget on a lot of expenditures, including IT infrastructure spending, professional services. ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Another term for China's President.
Another term for China's President.
Yet Another Car Catches Fire...
Yet Another Car Catches Fire...
Reform Party loses another GE candidate
Reform Party loses another GE candidate
Another Kungfu actor/master pass away
Another Kungfu actor/master pass away
No Down Payment Required, 100% Finance Available
No Down Payment Required, 100% Finance Available
I am diagnose with another incurable illness
I am diagnose with another incurable illness
Another MU Place To Consider
Another MU Place To Consider
Another Travel Agency Run-Road - Asia Euro Holidays
Another Travel Agency Run-Road - Asia Euro Holidays