TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media silent

Force 136 · Feb 10, 2015

http://therealsingapore.com/content/temasek-writes-8-billion-just-administrative-expenses-each-year

Do you know that Temasek Holdings, run by the "esteemed" wife of Lee Hsien Loong, has been writing off $8 billion under "Administrative Expenses" every year since 2006?

This is on top of "Other Operating Expenses" which cost another $8 billion.

What justify such an eye-popping figure just for admin and operating expenses?

Do Temasek Holdings executives travel First Class on overseas trips? Or do they use Mont Blanc stationery in the office?

Why didn't the MSM pursue this?

songsongjurong · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

Rob Peter to pAy Paul

shittypore · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

Familee's business, so dont hve to accountable to public.

virus · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

she has expensive gambling habits.

vtran2684 · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

But it is Leegal..for the Lees...

uzsxv · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

Tema is sick

period

halsey02 · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

vtran2684 said:
But it is Leegal..for the Lees...

Of course it's LEEgal, they have every creative answers to any questioning , why do they employ these "experts" for? They will show you facts & figures that other....does the same thing, will tell you that everything the does is LoONG Term Investment, they tell you, they do not, do not touch your CPF money...but they obtain their funds from their STAKEHOLDERS....what was the question again..is it LEEgal..yes! :rolleyes:

dr.wailing · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

Guys, did you know these admin, financial and "other" expenses are spent via companies set up by Ho Jinx's relatives and her cronies? Moreover these crony-related companies grossly inflate the sums of expenses? (Remember how Susan Lim who grossly inflated her medical bills for treating a royal related to the Sultan of Brunei? The same principle applies to Temasick.)

For example, travel expenses are spent via travel agencies set up by their relatives and cronies?

Another example, fees for engaging external financial advisors are grossly inflated. Additionally these external financial advisors work for companies run by Ho Jinx's cronies?

The above practices are nothing new. They are practised in countries where authoritarian regimes exist, especially in China. That's why a little bird from the West told me many moons ago.

zeddy · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

Wow... :eek:

now where are the 3 PAP man whores John Tan, Wmulew, Zeroo when you need them?....

Unrepented · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

latest financial state how?

Sinkie · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

For ang pow packets?

laksaboy · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

As long as the PAP govt extracts more money than it burns, everything is well.

Awesome, right? This fabulous husband and wife team. :wink:

JohnTan · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

Toh Chin Chye and Goh Keng Swee would have been proud of our SPH. Our PAP's style of governance is that the media should be pro-government and provide constructive articles. It's not just LKY's idea. It's the idea of several generations of PAP's CEC. Sinkies voted in full support of such partnership between PAP and SPH. So, why complain?

uzsxv · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

laksaboy said:
As long as the PAP govt extracts more money than it burns, everything is well.

Awesome, right? This fabulous husband and wife team.

Fabulous

GOD IS MY DOG · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

these 15 billion expenses must have gone to companies set up by LKY.........as ''management fee' for Temasek's portfolio............

GOD IS MY DOG · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

spread the word......................

winnipegjets · Feb 10, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

I am sure the Norwegian Sovereign fund doesn't spent as much on administration as Temasek and the Norwegian Sovereign Fund manages at least 5X more assets than Temasek.

Why is the AG auditing Temasek? Instead it focuses resources on auditing the WP TC. This is one line the Opposition can use for GE2015.

iluvgst · Feb 11, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

obviously temasick is a badly managed SWF to say the least. expenses of 20b with only a measly profit of 9b.
berkshire hadthaway's last annual report had admin n general expenses of only 12b but earnings of 19b. It is obvious that someone doesnt take $100k annual salary like warren buffett.

Poomer · Feb 11, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

More than 10% of revenue spent on administrative expenditure, no explanation?

Put into context, with that 8 billion, they can hire 275,000 admin asst at $25,000 per annum(market rate), incl. of CPF. That's the equivalent of 9.1% of Singapore's entire workforce, just to do administrative matters.

glockman · Feb 11, 2015

Re: TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media sile

laksaboy said:
As long as the PAP govt extracts more money than it burns, everything is well.

Awesome, right? This fabulous husband and wife team.

Yep, and they adhere to the sickening practice of privatising profits and nationalising losses.

TEMASEK WRITES OFF $8 BILLION IN "ADMINISTRATIVE EXPENSES" EACH YEAR - media silent

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