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


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Nisa

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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/Business/News/Story/A1Story20081118-101582.html
 

waileong

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Only four? Wow!

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/Business/News/Story/A1Story20081118-101582.html
 

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