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Thread: Four statutory boards suffered a 14 per cent loss this year on their investments. -ST

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    Default Four statutory boards suffered a 14 per cent loss this year on their investments. -ST

    Losses on credit-linked notes

    Four statutory boards suffered a 14 per cent loss this year on their investments. -ST

    Tue, Nov 18, 2008
    The Straits Times

    FOUR statutory boards suffered a 14 per cent loss this year on their investments in credit-linked notes, Finance Minister Tharman Shanmugaratnam said in Parliament on Tuesday.

    Infocomm Development Authority of Singapore, along with statutory boards Singapore Land Authority, Professional Engineers Board and Civil Service College, had 'paper losses' on credit-linked notes, he said.

    Only one of them had investments linked to collateralised debt obligations and credit default swaps, Mr Shanmugaratnam said in Parliament on Tuesday.

    Source : - http://business.asiaone.com/print/Bu...18-101582.html

  2. #2

    Default Re: Four statutory boards suffered a 14 per cent loss this year on their investments.

    Only four? Wow!

    Quote Originally Posted by Nisa View Post
    Losses on credit-linked notes

    Four statutory boards suffered a 14 per cent loss this year on their investments. -ST

    Tue, Nov 18, 2008
    The Straits Times

    FOUR statutory boards suffered a 14 per cent loss this year on their investments in credit-linked notes, Finance Minister Tharman Shanmugaratnam said in Parliament on Tuesday.

    Infocomm Development Authority of Singapore, along with statutory boards Singapore Land Authority, Professional Engineers Board and Civil Service College, had 'paper losses' on credit-linked notes, he said.

    Only one of them had investments linked to collateralised debt obligations and credit default swaps, Mr Shanmugaratnam said in Parliament on Tuesday.

    Source : - http://business.asiaone.com/print/Bu...18-101582.html

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