Swiss joke: Bailed-out bank now bailing out another bank

https://www.vccircle.com/nazara-to-raise-42-mn-from…

https://www.equitypandit.com/nazara-tech-shares-plunge-7…/

GIC’s recent Indian startup investments may go bust

https://www.vccircle.com/nazara-to-raise-42-mn-from…

https://www.equitypandit.com/nazara-tech-shares-plunge-7…/

GIC and Temasek may not have direct exposure to SVB but numerous investments have been impacted by SVB’s collapse.

Covid-19 scandal biggest in American history

As more evidence emerged, we now know that we have been had by Dr Fauci and gang. According to Fox News, the Covid-19 scandal “is the biggest scandal in American history”. Govts all over the world have let down their people. Including our supposedly intelligent? politicians. People who claim to be following science were not only ignoring common sense but fooled.

Stock market bubble: Will Temasek’s, GIC’s Indian investments turn to rubble?

The PAP govt has been trading off Singaporean jobs for investments in India after the signing of CECA in the belief that there’s easy money to be made by GLCs.

GIC, Temasek bullish on Indian startups just before Silicon Valley Bank collapse

Both GIC and Temasek were bullish on Indian startups near the top of the stock market bubble! Errr … were GIC and Temasek expecting low interest rates to stay low forever?

https://www.straitstimes.com/…/silicon-valley-bank…

https://www.business-standard.com/…/temasek-bullish-on…

https://timesofindia.indiatimes.com/…/arti…/84454474.cms

Assets of GIC, Temasek likely down by more than $150 billion in FY2023

With investment returns badly hit, Singaporeans should expect our ‘caring’ govt to find ways to generate revenue by increasing healthcare costs/MediShield insurance premiums, S&CC, etc.

https://www.investmentmagazine.com.au/…/falling…/

https://www.asianinvestor.net/…/gic-temasek…/482742

https://www.straitstimes.com/…/singapores-gic-set-to…

https://www.cnbc.com/…/norways-sovereign-wealth-fund…

https://www.barrons.com/…/norway-s-sovereign-wealth…

Is Temasek’s MindChamps really a …. champion?

https://www.businesstimes.com.sg/…/mindchamps-set…

https://www.reuters.com/article/abc-idUSSYD8022320080228

https://en.wikipedia.org/wiki/ABC_Learning

https://www.asiasentinel.com/…/singapores-temasek…

Temasek’s JV with MindChamps doesn’t appear to be going well.

Update on Temasek’s investment in Silvergate Capital Corp

Singaporeans should rest easy as this is one of Temasek’s smallest crypto-related losses. What is worrying is the liquidation of an investment in less than a year.

https://www.cnbc.com/…/silvergate-shutting-down…

https://www.facebook.com/photo.php?fbid=3586586611568519&set=pb.100006516457547.-2207520000.&type=3

https://13f.info/manager/0001021944/cusip/82837P408

CPF: Has PAP pulled the largest con in pension history?

Most Singaporeans have been buried by propaganda and don’t even realise they have been scammed by CPF Board. Many could have retired very comfortably if CPF returns have not been pegged to short-term rates using a flawed formula.

If CPF Board had paid EPF rates, a member would have earned an additional $92,000 over a 40-year period. A CPF member with $100,000 earning EPF rates would have earned an additional almost $1 million!

Begs the question why our tak-boleh neighbour has been able to generate much higher returns for EPF members but our best and brightest elites at GIC have been able to guarantee CPF members very-low, below-inflation long-term rates.

CPF scheme urgently needs a reset and it’s about time WP and PSP highlight this issue in Parliament.

https://www.facebook.com/photo/?fbid=3632450773648769&set=a.2120811958145999

CPF: Has PAP pulled the largest con in pension history?

The Singapore government’s current borrowing cost (10-year bond) exceeds 3.3%; much higher than the CPF OA rate of 2.5%.

Why should an exception be made for the PAP government to borrow from CPF members at a much lower rate (non-market, self legislated)  for GIC to invest in risky overseas assets?

The CPF rate formula is clearly flawed as no fund manager in any part of the world is able to borrow $181 bil at 2.5% for investment. Singaporeans have been … scammed, no?

CPF members’ balance @ https://www.cpf.gov.sg/…/cpfstatistics/Sub_Balances.jpg

https://www.facebook.com/photo/?fbid=3629755023918344&set=a.2120811958145999