Category Archives: GIC

CPF members can forget about timely return of retirement funds, GIC reeling from humongous forex losses

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Role of defending Singapore currency lies with MAS, no need for GIC to conceal size of portfolio including CPF monies

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Singaporeans should stop pretending we know what’s happening to our CPF, PAP must be transparent

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GIC’s remaining 5% shares in Luckin Coffee now worthless?

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Record S$34 bil in CPF invested by GIC last year near market top, tens of billions wiped out during market rout

Over the past 3 years, almost $100 billion in CPF was invested in risky overseas assets, ie subject to political and exchange rate risks.

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CPF: What if PAP had lied about GIC managing our retirement savings?

Screenshot of email to PM Lee @ https://likedatosocanmeh.wordpress.com/2019/09/08/cpf-monies-managed-by-cpfb-or-gic-2/ SWFI is THE authority on SWFs and is unlikely to be wrong. This would mean that the PAP has been lying to Singaporeans; returns from CPF are known to the government all along. … Continue reading

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Singaporeans dumb to remain bystanders, watch CPF monies disappear into GIC black hole

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No strategic reason for reserves managed by GIC to be ‘state secret’, PAP lied

MAS press release @ https://www.mas.gov.sg/news/media-releases/2019/mas-transfers-s$45-billion-to-the-government-for-long-term-investment#2 MAS Transfers S$45 billion to the Government for Long-term Investment Singapore, 8 May 2019…The Monetary Authority of Singapore (MAS) said today that it would be transferring S$45 billion from the official foreign reserves (OFR) to the … Continue reading

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Emerging markets: GIC, Temasek suffer billion$ in forex losses, unable to divest

GIC lied about emerging markets contributing to our long-term real returns. Likely, most investments have been decimated. What’s more worrying is GIC manages CPF monies.

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Temasek, GIC CECA investments: Up to 50% forex losses, unable to divest

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