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Thread: [Opinions] Singapore's Temasek loses $39 billion in 8 months

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    Default [Opinions] Singapore's Temasek loses $39 billion in 8 months

    SINGAPORE: Singapore state investment company Temasek lost about $39 billion, or 31 percent of its holdings, in eight months last year as big bets in the financial sector went sour.

    http://www.iht.com/articles/ap/2009/...re-Temasek.php



    *Could be one of the reasons why need to dip into Reserves. To lose $39 Billions!!!!! and all that has happened we know of is the Temasek CEO steps down. wah like that anyone can lose billions or even trillions and all that happens is they give up the CEO position. power sia.

    at least not as bad as the forecasted possible $200 Billions loss of GIC. http://nationmultimedia.com/2009/02/...s_30095260.php
    Last edited by Reportage; 10th February 2009 at 07:30 PM.
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  2. #2
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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    wonder where all that money come from...

  3. #3

    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    The problem is world wide.

    I am not surprise.

  4. #4
    vince123123
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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    I thought the 930 news said it was 58 billion.

    Quote Originally Posted by Reportage View Post
    SINGAPORE: Singapore state investment company Temasek lost about $39 billion, or 31 percent of its holdings, in eight months last year as big bets in the financial sector went sour.

    http://www.iht.com/articles/ap/2009/...re-Temasek.php



    *Could be one of the reasons why need to dip into Reserves. To lose $39 Billions!!!!! and all that has happened we know of is the Temasek CEO steps down. wah like that anyone can lose billions or even trillions and all that happens is they give up the CEO position. power sia.

    at least not as bad as the forecasted possible $200 Billions loss of GIC. http://nationmultimedia.com/2009/02/...s_30095260.php

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    Member luntut's Avatar
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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    Quote Originally Posted by vince123123 View Post
    I thought the 930 news said it was 58 billion.
    39 billion US is about 58 billion sing.
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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    for me a 16yr old child with simple politics and inside-info

    singapore temasek holdings

    65% on US
    10% on China/other small parts
    25% on sg this 25% also is considered emergency money

    now that sg has lost most of #1 &#2
    you know why singapores in recession right now ^^
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    Member luntut's Avatar
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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    Quote Originally Posted by poondq View Post
    for me a 16yr old child with simple politics and inside-info

    singapore temasek holdings

    65% on US
    10% on China/other small parts
    25% on sg this 25% also is considered emergency money

    now that sg has lost most of #1 
    you know why singapores in recession right now ^^
    very very extremely simple minded indeed.
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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    I always told my friends that during the good years like the past 2-3 years, cost fund manager with funds on China and India can make money for you. Right now is the reverse. But investment is a forward looking activity, cannot judge after things happened.

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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    Quote Originally Posted by Simon_84 View Post
    wonder where all that money come from...
    Our CPF lah bro.......... u think they keep our CPF money doing nothing meh? They using our tax payer money lah.....hoping to grow loh. Like the bank lah, they will redeposit or even invest it out. Otherwise, how they make money leh....
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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    thats a lot of dough.

    now that the chef calls it quits, i just hope the new tire can steer the ship back.

    strange is, why are all the good leaders quitting on this tired world? big banks top guns, great leaders, etc, all are dumping the their jobs for quick retirement.

    if only there is a savior to reverse direction the world economy is heading into. thats all we need. we dont need no phd, harvard or anything. just a few creative individuals to make this world spin again.

  11. #11

    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    In case some members here do not know how much is 60 billion ....

    $60,000,000,000

    In effect, if there are 3,000,000 Singaporeans, we have each contributed only about $20,000 .....

    or only 15,000,000 5D MKII

    But guys, don't worry too much, we still have enough reserves to suffer another 2 such "one-in-a lifetime" badluck .... cannot be soooooo badluck 3 times, right?
    Last edited by Canonised; 11th February 2009 at 10:59 AM.
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  12. #12

    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    Quote Originally Posted by Canonised View Post
    In case some members here do not know how much is 60 million ....

    $60,000,000,000

    In effect, if there are 3,000,000 Singaporeans, we have each contributed only about $20,000 .....

    or only 15,000,000 5D MKII

    But guys, don't worry too much, we still have enough reserves to suffer another 2 such "one-in-a lifetime" badluck .... cannot be soooooo badluck 3 times, right?
    woot, thats a lot of cameras. i believe you meant b and not m as above.

    was told spore is aiming at revovery by 2010. if not, even a macdonals auntie may have trouble keeping her job in the wake of cost trimming.

  13. #13
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    Default Re: [Opinions] Singapore's Temasek loses $39 billion in 8 months

    i would think that we all learn to see the big picture

    i believe that all investors were burnt by this crisis
    there is nothing that we can say to improve the situation
    they only need to concentrate on the recovery or how to make the best of the upturn when it arrives

    so to prevent this thread to degenerate to something else
    i will close the thread

    read the news for updates and official statements

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