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I can't access www.temasekreview.com via my Singnet, how about the rest of you? M1 & Starhub can access?

http://theowlcritic.blogspot.com/2011/04/t...dos-attack.html WEDNESDAY, APRIL 20, 2011 Temasek Review Downed By DDOS Attacks If you can't access the Temasek Review, it is because it has been downed by DDOS (denial of service) attacks. Similar attacks during the Sarawak Election brought down Malaysia's Alternative News Sites like Malaysiakini, Malaysia Chronicle and the UK-based Sarawak Report. The Sarawak Report was forced to go 'on the run' moving from server to server as each new server came under attack. In the case of Malaysia, there was little doubt that the attack was ordered by the BN. The PAP seems to have taken a leaf out of the BN's dirty tricks playbook and may be intent on doing the same to the Temasek Review. These attacks, we note, are illegal. The Singapore voter is expected to swallow the propagandic gibberish spewed by the Straits Times and other such 'news' sources to make his or her decision. The fact that the PAP is engaging in such tactics should be reason enough to vote against them. They wish to deny the Singapore voter, access to their most implacable, and no-holds barred, critic, the Temasek Review. It is an insult to the Singapore voter's intelligence that tactics seen as being succesful against natives in Sarawak's remote interiors are being used to deny them information. It is a clear sign that the PAP is afraid, and the PAP is desperate. And they now seem willing to use methods favoured by Malaysia's disreputable BN. No matter how despicable, or how illegal, such methods are. Posted by The Owl at 6:48 PM

Well, we know that he hard truth cannot be swallowed..... Temasek Review to shut down after July By Ng Jing Yng | Posted: 07 April 2011 1909 hrs Photos1 of 1 A screenshot of the Temasek Review website. SINGAPORE: Socio-political website Temasek Review (TR), which has often positioned itself as critical of government, will be shutting down after July. In a reply to Channel NewsAsia queries on Thursday, a TR spokesperson confirmed that no agency has asked it to shut down but added: "We would be lying if we say there's been no pressure from the Government." The spokesperson, however, said that the effect of the pressure was minimal as the TR team is based overseas. Last year, Singapore's investment company Temasek Holdings, asked the website to change its name, saying TR was trying to capitalise on its goodwill and reputation linked to the their annual report named "Temasek Review". The closing down of TR was first reported on Yahoo! Singapore on Thursday. TR editor Amanda Tan said that uncertainty over funding was the reason for shutting the site down. There was no external pressure and negative press on one of TR's past contributors, Dr Joseph Ong, did not influence their decision, she said. But the TR spokesperson however, said there was indirect pressure arising from mainstream media reports which "were aimed to shut us down". TR's growth was also stymied by its limited pool of contributors, the TR spokesperson told Channel NewsAsia. Despite its growing popularity, potential contributors stayed away because they were afraid of being associated with TR. This "fear factor bordering on paranoia did not help TR", he said. The website started seven years ago and garnered a strong following over the years, reaching 1.04 million visitors in just Singapore alone. TR's impending closure comes in the wake of socio-political blog The Online Citizen (TOC) becoming the first blog here to be gazetted as a political association in January. This means it cannot accept foreign donations. Singapore Management University assistant professor Michael Netzley, who has research interests in digital media, said that the question of governmental pressure would inevitably come up among the blogosphere. But these sites might then respond to come up with more balanced and thoughtful articles to enhance their reputation, he said. Political observer Azhar Ghani, however, believes TR's closure will not affect bloggers. Other sites will soon emerge to replace TR, he said. Political blogger Siew Kum Hong, who is one of the four persons responsible for TOC's compliance as a gazetted site, said: "I always back the principle of having more speech than less, and hence it is a pity to see TR shut down." But sustaining a site is very time-consuming, he said. TR has been funded by donations and advertising revenues, but there have been occasions when its team had to pay costs out of their own pockets, the TR spokesperson said. Netizen Quah Chin Chin, 25, said that while TR offers a one-sided view of issues at times, it still provides an alternative voice to the mainstream media. Readers would feel its loss, she said. -CNA/ac

http://www.temasekreview.com/2011/04/05/on...lded-in-an-smc/

Temasek Holdings to pay Indonesia fine By : Date : 18 January 2011 1247 hrs (SST) URL : http://www.channelnewsasia.com/stories/afp...1105381/1/.html SINGAPORE: Singapore's Temasek Holdings said Tuesday it will pay a fine of 15 billion Indonesian rupiah ($1.66 billion) imposed by Indonesia for breaching the country's anti-competition laws. The state investment company decided to pay the fine after Indonesia's Supreme Court rejected its application to review the ruling by a competition watchdog that it had breached rules in the telecoms market, Temasek said. "Temasek is disappointed that its application for civil review has been rejected as it has not contravened Indonesia's anti-monopoly laws," said Goh Yong Siang, senior managing director for strategic relations. "As an international investor, Temasek continues to comply with the laws and regulations of Indonesia in its activities in Indonesia, and will duly follow up to pay the KPPU fine without prejudice to its legal position, and reserves all its rights," he said in a statement. The competition watchdog KPPU ruled in November 2007 that Temasek was guilty of anti-competitive behaviour in Indonesia's cellular phone market by holding stakes in the two biggest domestic mobile phone operators. Last month, the KPPU said it was considering seeking a court injunction to seize Temasek assets equivalent in value to the fine. In addition to the fine, the KPPU ordered Temasek to divest its holdings in either PT Telekomunikasi Selular (Telkomsel) or PT Indosat. Singapore Technologies Telemedia, a wholly-owned unit of Temasek, sold off its interest in PT Indosat to business partner Qatar Telecom in June 2009. Temasek indirectly holds 35 percent of Telkomsel via its 56-percent owned unit Singapore Telecommunications Ltd. (SingTel). -AFP/ac

Temasek Holdings to pay Indonesia fine By : Date : 18 January 2011 1247 hrs (SST) URL : http://www.channelnewsasia.com/stories/afp...1105381/1/.html SINGAPORE: Singapore's Temasek Holdings said Tuesday it will pay a fine of 15 billion Indonesian rupiah ($1.66 billion) imposed by Indonesia for breaching the country's anti-competition laws. The state investment company decided to pay the fine after Indonesia's Supreme Court rejected its application to review the ruling by a competition watchdog that it had breached rules in the telecoms market, Temasek said. "Temasek is disappointed that its application for civil review has been rejected as it has not contravened Indonesia's anti-monopoly laws," said Goh Yong Siang, senior managing director for strategic relations. "As an international investor, Temasek continues to comply with the laws and regulations of Indonesia in its activities in Indonesia, and will duly follow up to pay the KPPU fine without prejudice to its legal position, and reserves all its rights," he said in a statement. The competition watchdog KPPU ruled in November 2007 that Temasek was guilty of anti-competitive behaviour in Indonesia's cellular phone market by holding stakes in the two biggest domestic mobile phone operators. Last month, the KPPU said it was considering seeking a court injunction to seize Temasek assets equivalent in value to the fine. In addition to the fine, the KPPU ordered Temasek to divest its holdings in either PT Telekomunikasi Selular (Telkomsel) or PT Indosat. Singapore Technologies Telemedia, a wholly-owned unit of Temasek, sold off its interest in PT Indosat to business partner Qatar Telecom in June 2009. Temasek indirectly holds 35 percent of Telkomsel via its 56-percent owned unit Singapore Telecommunications Ltd. (SingTel). -AFP/ac

temasek review true colours in the eyes of blogger - it is trash but yet try to say it is the truth "So, let

Now this is getting amusing.

talk big, now balls small when threatened to get sued. molina han and amanda tan is joseph ong chor teck. somehow the message was passed to joseph and tr agreed to change the name later? Temasek Review agrees

Apparently on the New Paper. Anyone read it? Link

Tudou IPO soon, says CEO 15 Sept 2010 Today SHANGHAI - Tudou.com, China's second-largest online video website, plans an initial public offering soon to raise funds to compete against market leader Youku.com in the world's biggest Internet market. "It's something that's inevitable. It should happen fairly soon. I can't talk about specifics," chief executive Gary Wang, the 37-year-old founder of Shanghai-based Tudou, said of a possible IPO in an interview yesterday. Tudou will sell shares in a "Western market," he said on Bloomberg TV, without elaborating. Tudou and Youku both have said they must invest in bandwidth to broadcast videos and in copyright for professional content that the companies say makes up about 70 per cent of their sites. Youku commands about 18 per cent of China's online-video market, while Tudou has about 13 per cent, according to a survey published by Analysys International, a Beijing-based research firm. "Youku and Tudou share a similar strategic layout and operation mode," according to the Sept 9 Analysys report. While both offer user-generated content, they are also "purchasing film copyrights actively so as to widen the gap with other independent online-video websites," the report said. Tudou started its website in 2005 and has raised US$135 million ($177 million through five rounds of funding, including US$50 million last month, of which US$35 million came from Singapore's Temasek Holdings. Tudou's vice-president for marketing and business development, Ms Anita Huang, told MediaCorp last month when it raised funds from Temasek that it would use the investment to woo more Chinese mobile phone owners to its portal. China has 420 million Internet users, of which at least 277 million access the Internet with their mobile phones.

Insider news is that Temaek plans to buy over a certain European car manufacturer. No idea which one and what possesed them to do that. IIRC, Alfa is not making money? Don't tell me it's them?

The latest news is that she is not going away after all, and Goodyear is not going to take on the CEO role after all. http://www.channelnewsasia.com/stories/sin.../443811/1/.html

Wondering what's next? http://www.channelnewsasia.com/stories/sin.../433620/1/.html

TEMASEK Holdings sold its stake in British banking giant Barclays in December and January, at an estimated loss of between 500 million pounds (S$1.2 billion) and 600 million pounds, sources have told The Straits Times. RELATED LINKS BARCLAYS SHARE PRICE IN THE PAST YEAR News of the sale first broke on Wednesday with a Reuters report in London saying that the Singapore investment agency had lost up to &pound800 million on the sale of its holding of almost 2 per cent. Temasek and Barclays both declined to comment when contacted by The Straits Times on Wednesday. A Temasek spokesman said: 'We don't comment on unsourced reports.' The sale was apparently done during December and January, a tumultuous period for global markets. Barclays shares ranged from 136 pence to 167.8 pence in December but swung wildly from 47.3 pence to 190.6 pence in January. In January, the stock hit its lowest since 1985, reflecting the near-panic over bank shares, and Barclays in particular, given rumours it could be nationalised. The shares have recovered sharply since, partly due to improved market sentiment and partly due to its posting a 15 per cent jump in pre-tax profits to 1.37 billion pounds in the first quarter this year. They closed at 273.5 pence on Tuesday and hovered around 260 pence on Wednesday. Temasek paid 975 million pounds to buy the shares at 720 pence apiece in July 2007. The Reuters report came a day after news that the Abu Dhabi government made a killing in its Barclays investment. It bought into Barclays last October - just weeks after the collapse of Lehman Brothers - and sold out for a US$2.5 billion profit seven months later. The Straits Times understands that Temasek was also approached in October to increase its investment, but declined. This is Temasek's second exit from a high-profile investment in a Western bank recently. It sold its 3 per cent stake in Bank of America (BoA) in the first three months of the year, crystallising estimated losses of between US$2.3 billion (S$3.3 billion) and US$4.6 billion. Although Temasek has suffered heavy losses on these investments, its long-term record has nonetheless been defended as being comparable to those achieved by top fund managers. http://www.straitstimes.com/Breaking%2BNew...ory_385671.html

Fri May 22, 2009 2:03am EDT * Temasek says risk-return environment had changed * May take investment loss to cut risk, tap opportunities * Temasek's losses on BofA may exceed $3 bln * Letter comes after whirlwind of criticism (adds analysts quotes, background) By Kevin Lim and Saeed Azhar SINGAPORE, May 22 (Reuters) - Singapore's Temasek defended its money-losing exit from Bank of America (BAC.N), saying the U.S.-centric bank did not fit its investment criteria and the risk was perceived to be greater than the expected return. The explanation, a rarity for the state investor, came in a letter to major Singapore newspapers after the loss on BofA attracted fierce criticism from the usually muted pro-government local media, investors and independent blogs, which noted BofA shares have rallied more than 70 percent after Temasek's exit. The losses are also expected to be discussed when Singapore's Parliament convenes next week. Temasek, which is headed by Ho Ching, the wife of Singapore's prime minister, sold its 3 percent stake in BofA in the first quarter after converting its Merrill shares into BofA in January. Temasek has not said how much it lost in the process, but Reuters estimated the loss was more than $3 billion. [iD:nSIN454726] Temasek announced in February that Ho will step down and be replaced by Chip Goodyear, the former CEO of BHP Billiton (BHP.AX), on Oct. 1. "Our investment thesis had changed from Merrill's specific businesses to the more diversified BoA linkage to the broader U.S. economy. The risk-return environment had also changed substantially," Myrna Thomas, managing director for corporate affairs, said in the letter. Temasek's aim is to ensure that its portfolio delivers returns that are higher than the cost of capital employed on a risk-adjusted basis, Thomas said. "We may choose to divest an investment, even at a loss, to optimise our risk or portfolio exposure, or if there are better opportunities elsewhere or later," she added. Temasek, which like other sovereign wealth funds, ploughed billions into Merrill Lynch in the early phase of the credit crisis, saw the value of its portfolio plunge 31 percent to S$127 billion between March 31 and Nov 30 last year during the severe market turmoil. KEY QUESTION UNANSWERED Financial investments accounted for 40 percent of its portfolio. "The letter doesn't give the answer that everybody is asking. How much did they lose?," Leong Sze Hian, president of the Society of Financial Services Professionals, told Reuters. The exact losses are difficult to quantify because Temasek had also offloaded about 30 million Merrill shares last year in smaller lots, reducing its exposure to the investment bank by the time BofA took over Merrill. Conraj Raj, editor-at-large at the Today newspaper in Singapore, threw the spotlight on the sovereign wealth fund's stated strategy of taking a long-term view of its investments. "After all, it has been drummed into us ad nauseam that both Temasek and its cousin, the Government of Singapore Investment Corporation, invest for the long term with a time horizon that could stretch for as long as 50 years," he wrote on May 18. "Whatever happened to the sovereign wealth fund's (SWF) strategy of taking a long-term view of its investments?" Singapore's bigger sovereign wealth fund, GIC, on the other hand said it was a long-term investor in Citigroup (C.N) and UBS (UBSN.VX). [iD: SIN463524] "It is difficult to understand why a long-term investor like Temasek was willing to stick with a dud like Australia's ABC Learning centres to the end, but did not try to exercise a little bit more patience with a U.S. government-backed entity like BofA," Png Eng Huat wrote in a letter to Straits Times forum. "The U.S. government has stated clearly that it will not nationalise BofA even though it is technically the largest shareholder of the bank." (Editing by Muralikumar Anantharaman)

TOPIC Correction: Temasek loss $4.6billion in BoA ======================== Temasek

HONG KONG (MarketWatch) -- Singaporean state investment company Temasek Holdings Pte. Ltd., U.K. insurer Prudential PLC (PRU.LN) and Toronto-based insurance company Manulife Financial Corp. (MFC:Manulife Financial Corporation , two people familiar with the situation said Wednesday. The three companies will submit their bids by Friday's deadline for final offers, one of the people said. A third person familiar with the situation said Temasek is "seriously considering" a bid for AIA. "There are talks going on now and the size Temasek would go for if the bid is materialized is not yet decided," the person said. "Price will be paramount in the decision," he said. Temasek and Prudential declined to comment. Manulife couldn't immediately be reached for comment. AIG declined to comment. AIG initially intended to sell 49% of AIA, which is Asia's largest life insurer with operations in 10 countries, but it has since signaled it was open to selling the whole unit. AIG is seeking bids that value AIA between US$20 billion and US$30 billion. One person familiar with the situation said AIG would look into an initial public offering of the Asian unit if bids fall below this range, while another said there was no certainty that the bids would be within that range. The Wall Street Journal also said Wednesday the Obama administration could take ownership of the rest of the company and hold onto the stake until market conditions permit an initial public offering of stock. If AIG receives unsatisfactory bids, the insurer would consider bringing in a partner, or "toe-hold" investor, who would take a minority stake in the business at what AIG considers a fair market valuation. "I wouldn't expect bids to be so high," the third person said. A December report by CreditSights, an independent debt research firm, illustrated the difficulty of placing a value on AIG's subsidiaries amid the economic tumult. The report said that in a "best case" scenario, a 50% stake in AIA's Asian life-insurance operations outside Japan would be worth US$29.5 billion, but said the "worst case" scenario was a 70% discount, or US$8.9 billion. AIG is operating under emergency loans from the U.S. government and is seeking to offload a range of businesses as part of its restructuring efforts. Citigroup Inc --- I don't see why the hell temasek want to involve itself in that mess....

Sibeh Funny... http://www.youtube.com/watch?v=nTDXosoa3jg

just saw this from Reuters...... Temasek CEO Ho Ching to leave; replaced by ex-BHP's Goodyear SINGAPORE, Feb 6 (Reuters) - Singapore state investor Temasek Holdings [TEM.UL] said on Friday its chief executive Ho Ching will step down and be replaced by former BHP Billiton CEO Chip Goodyear on Oct. 1. Ho Ching, wife of Prime Minister Lee Hsien Loong, joined Temasek as a director in January 2002 and has been CEO since January 2004. "The team has already embarked on a different stance since mid-2007, and has begun to review its long-term plans under different scenarios prompted by the economic downturn," Chairman S. Dhanabalan said at a media briefing. "If we are to bring in new leadership, it would be just as good a time as any to involve a new leader in this review." Goodyear, 51, stepped down as CEO of BHP Billiton in January 2007. He joined Temasek's board on Sunday. Temasek, which had S$185 billion ($123.2 billion) in assets as at March 2008, has been hit hard due to its 40 percent exposure to banks that have slumped in value due to the global financial crisis. The sovereign wealth fund's key investments include 28 percent of DBS Group <DBSM.SI>, just under a fifth of Standard Chartered Bank <STAN.L> and about 3.8 percent of Bank of America (BoA) <BAC.N> following BoA's takeover of Merrill Lynch. Temasek's $5 billion plus investment in Merrill alone has resulted in a loss of more than $2 billion.

By Saskia Scholtes and Greg Farrell in New York Published: January 7 2009 23:13 | Last updated: January 7 2009 23:13 Temasek, the Singapore state investment fund, is sitting on significant paper losses related to its stake in Merrill Lynch, the investment bank acquired by Bank of America last week. The state agency

There goes tax payers $$$ ... Temasek will be one of the biggest casualties. It took a 12 per cent stake worth about A$400 million last year, buying in when the shares were at A$7.30 only to see the stock plummet to 54 Australian cents before they were suspended. http://www.straitstimes.com/Breaking%2BNew...ory_300845.html

Can cutting salary build public's confidence? How to make good what is lost? http://news.sg.msn.com/article.aspx?cp-documentid=1797813 Singapore's Temasek Holdings, one of the world's largest sovereign wealth funds, says it will cut staff salaries in the face of a global economic slowdown. "We anticipate a global recession in 2009 and possibly beyond. Therefore, Temasek will institute a firm-wide wage cut, led by senior management who volunteered 15 to 25 percent," the firm's managing director of human resources, Robert Chong, said in a statement issued late Friday. "In total, nearly 90 percent of the wage saving will be borne by our key managers." Temasek's executive director and chief executive officer is Ho Ching, the wife of Prime Minister Lee Hsien Loong. "As a long-term investor, we believe this current crisis will throw up tremendous opportunities. Yet, we also recognise the short-term challenges and will adjust our actions appropriately," Robert Chong said. Temasek revealed its pay cuts on the same day the government further downgraded its growth forecast for 2008, pledged 1.5 billion US dollars in credit support for businesses, and said the economy -- already in recession -- could contract next year. Since December, Temasek has invested billions of dollars in the US bank Merrill Lynch, a victim of the meltdown in the United States subprime, or higher-risk, mortgage sector which precipitated a global credit squeeze and economic slowdown. Bank of America announced in September that it was buying Merrill Lynch. While announcing the pay cut, Chong said Temasek also plans to increase staffing by about 15 percent over the next two years. The company currently employs 350 people, according to its website. Temasek controls some of Asia's best-known firms and in October reported a record profit of 18.2 billion dollars (11.9 billion US) in the year to March. It said its portfolio rose in value to 185 billion Singapore dollars, and Citigroup Global Markets last October listed Temasek as among the largest sovereign wealth funds (SWFs) in the world. SWFs are a form of government-created investment vehicle which has emerged as a potent force on global financial markets, prompting concerns the funds are too opaque and could pose threats to national security. Temasek has claimed a record of transparency.

http://www.bloomberg.com/apps/news?pid=206...nvhc&refer=home Another high risk move