Lim Hwee Hua: let WHORE JINX go ahead & squander away GIC TemaSEX

[whorejinx]

http://business.asiaone.com/Business/News/Story/A1Story20100310-203690.html

Govt lets GIC and Temasek make own decisions

By Esther Au Yong

THE Government judges the Government of Singapore Investment Corporation (GIC) and Temasek Holdings on their overall portfolio performance, and does not discuss the individual deals of these sovereign wealth funds, Mrs Lim Hwee Hua said yesterday.

The Second Minister for Finance was replying to MP Inderjit Singh's (Ang Mo Kio GRC) suggestion of more conservative mandates for GIC and Temasek as their investment outcomes affect Singapore's reserves directly.

MP Ho Geok Choo (West Coast GRC) also asked for an update on GIC's investments, during the Committee of Supply debate on the Budget estimates for the Ministry of Finance.

Explaining that the Government leaves the funds to make their own decisions on asset allocation, Mrs Lim said that 'moving to a more conservative mandate as a knee-jerk reaction to the recent downturn would not be prudent, as this could risk compromising the ability of GIC and Temasek to deliver long-term sustainable returns'.

It was announced earlier this month that GIC's 11 billion Swiss francs (S$14.3 billion) investment in UBS bonds was showing a paper loss of over five billion francs after the bonds were converted into ordinary shares when they matured.

Mr Inderjit also suggested the formation of 'Temasek II' to invest actively in Singapore- based companies. Mrs Lim replied that 'such an approach may not be the best way to nurture local companies'.

She said: 'Rather, the Government should identify and bridge market gaps, where they exist, so as to support a thriving ecosystem of locally-based enterprises, and leave the private sector to take the lead in identifying worthy investment opportunities.

'It would be neither sustainable nor appropriate for the Government to step in to finance local enterprises that cannot locate private funding.'

But the Government is looking to help home-grown firms internationalise through the 'development of a market-based institution for cross-border financing'. Such an export-import type of bank is needed, said Nominated MP Teo Siong Seng.

He said: 'To expand overseas or take part in overseas projects, SMEs (small and medium-sized enterprises) need the necessary financial resources.'

A study on this is expected to be completed in a few months, Mrs Lim said.

 

[Ramseth]

THE Government judges the Government of Singapore Investment Corporation (GIC) and Temasek Holdings on their overall portfolio performance, and does not discuss the individual deals of these sovereign wealth funds, Mrs Lim Hwee Hua said yesterday.

Any decent orator or debator would immediately reply, so let's discuss the overall portfolio performance. Why is it like that? Which part of the overall portfolio leads to this? And lead back to the particular part of the portfolio in question, in context of overall. Too bad we lack any decent parliamentarian nowadays. With due respect, no offence intended, none (except LKY) would I consider decent parliamentarian by my standards (that's including both PAP and opposition).

 

[Capano2020]

Cashing Out!

Outside of Singapore better than in Singapore, and it is the only logical solution to a progressive cash out of immense funds accumulated by years of angkat by porlumpars.

 

[elephanto]

Any decent orator or debator would immediately reply, so let's discuss the overall portfolio performance. Why is it like that? .................With due respect, no offence intended, none (except LKY) would I consider decent parliamentarian by my standards (that's including both PAP and opposition).

This is the result of :-
1. entrenched one-party lock on Parliament over the years
2. calibre of PAP MPs inducted - cookie cutter mold of technocratic types
3. articulate & eloquent speakers viewed with suspicion

With 79-2 dominance, one do not expect miracles. But at the very least, a decent level of parliamentary debate to commensurate with Singapore's reputation & PAP's oft trumpeted claims of putting up the best candidates after rigorous QC search.

Everybody scorns at PRC People's Congress as a mere rubber-stamp, but even now I suspect the quality of their debates & policy discussions may be better than ours.

As for LKY, probably due to lack of worthy opponents unlike during Legislative Assembly days, most of what strike us as his Parliamentary brilliance is simply a show of his oratorical skills in most of his landmark monologue speeches.

Spellbinding given Old Man's charisma, but what cut & thrust, piercing & perrying of arguments have we encountered that we can instantly recall ?

There must be some systemic failing such that once-promising tertiary debaters like Indranee Rajah & Vivien Balakrishnan have receded in their ability to hold competent exchanges & deliver poignant points on public policy.

The greatest shame is to hear PAP MPs - whom we are told are so meticulously scouted, screened & scrutinised before getting the nod - PAP MPs like AMK GRC member Lam Pin Min whose sole assinine contribution in the august House so far is to ask : Health Minister, what is the secret to your youthful looks ?

The PAP CEC should seriously reflect & do some in-house post-mortem.

 

[tonychat]

nice work , go and lost all the sinkie CPF money. WHen you have no balls to protest, sinkie deserve to lose all their money, WELL DONE!!!! Keep Going!!! try losing 100 billion in the 2nd half of this year.

 

[johnny333]

Heard that LKY is leaving on a junkett again.


Wonder how much he's taking out of Spore & putting into his secret accounts

 

[Papsmearer]

http://business.asiaone.com/Business/News/Story/A1Story20100310-203690.html

Govt lets GIC and Temasek make own decisions

By Esther Au Yong

THE Government judges the Government of Singapore Investment Corporation (GIC) and Temasek Holdings on their overall portfolio performance, and does not discuss the individual deals of these sovereign wealth funds, Mrs Lim Hwee Hua said yesterday.

The Second Minister for Finance was replying to MP Inderjit Singh's (Ang Mo Kio GRC) suggestion of more conservative mandates for GIC and Temasek as their investment outcomes affect Singapore's reserves directly.

Lim Hwee Hua conveniently forgot mention she is a director in Temasek. Therefore, she is in a conflict position when she answers this question as a representative of the govt. How else is she supposed to answer? Of course, she has to defend Temasek.

MP Ho Geok Choo (West Coast GRC) also asked for an update on GIC's investments, during the Committee of Supply debate on the Budget estimates for the Ministry of Finance.

Explaining that the Government leaves the funds to make their own decisions on asset allocation, Mrs Lim said that 'moving to a more conservative mandate as a knee-jerk reaction to the recent downturn would not be prudent, as this could risk compromising the ability of GIC and Temasek to deliver long-term sustainable returns'.

But the PM and MM has on numerous occasions emphasized that these national reserves entrusted to Temasek and GIC are "rainy day funds". If this is the case, by that definition, they must be conservative in nature. If they are not, than when the rainy day comes, they may not be there.

It was announced earlier this month that GIC's 11 billion Swiss francs (S$14.3 billion) investment in UBS bonds was showing a paper loss of over five billion francs after the bonds were converted into ordinary shares when they matured.

Mr Inderjit also suggested the formation of 'Temasek II' to invest actively in Singapore- based companies. Mrs Lim replied that 'such an approach may not be the best way to nurture local companies'.

Is this a joke? when did Temasek nurture local companies, and we are talking about non GLCs. Did it nurture Creative Labs?

She said: 'Rather, the Government should identify and bridge market gaps, where they exist, so as to support a thriving ecosystem of locally-based enterprises, and leave the private sector to take the lead in identifying worthy investment opportunities.

'It would be neither sustainable nor appropriate for the Government to step in to finance local enterprises that cannot locate private funding.'

Why? Other countries do it all the time. They will give govt. credits or guarantee loans to promising companies. Or give them help in international sales by providing favourable terms for them and their customers thru their EX-IM banks. In the past, the govt. has provided funding and loan guarantees for the likes of SIA and NOL. Why not to non GLC companies?

But the Government is looking to help home-grown firms internationalise through the 'development of a market-based institution for cross-border financing'. Such an export-import type of bank is needed, said Nominated MP Teo Siong Seng.

He said: 'To expand overseas or take part in overseas projects, SMEs (small and medium-sized enterprises) need the necessary financial resources.'

A study on this is expected to be completed in a few months, Mrs Lim said.

What, another study? The EDB provides more help and incentives to foreign companies than the govt. has ever provided to local companies. These are a bunch of politicians and bureaucrats acting like they know something about doing business in the real world.

 

[cooleo]

>>Mr Inderjit also suggested the formation of 'Temasek II' to invest actively in Singapore- based companies. Mrs Lim replied that 'such an approach may not be the best way to nurture local companies'.<<

That's the most brainless idea i have heard for a long time. He shud stick to topics like hot weather and where is good place for prata. KNN waste time!

 

[mustspeakup]

Mrs Lim parents must be proud of her collusions with nepotism in SGP...

 

[Papsmearer]

>>Mr Inderjit also suggested the formation of 'Temasek II' to invest actively in Singapore- based companies. Mrs Lim replied that 'such an approach may not be the best way to nurture local companies'.<<

That's the most brainless idea i have heard for a long time. He shud stick to topics like hot weather and where is good place for prata. KNN waste time!

I don't have a problem with this idea. What's wrong with it? Temasek provides venture capital to other companies all over the world, why not invest in our own people?

 

[Papsmearer]

Mrs Lim parents must be proud of her collusions with nepotism in SGP...

Maybe they have disowned her.

 

[mustspeakup]

I don't have a problem with this idea. What's wrong with it? Temasek provides venture capital to other companies all over the world, why not invest in our own people?

they are bunch of sick bastards..

enjoy watching Singaporeans suffer...

 

[Watchman]

Are Singaporean BANKS allowed to hoard Singapore properties ?

 

[johnny333]

Are Singaporean BANKS allowed to hoard Singapore properties ?

Are PAP politicians allowed to hoard Spore properties

 

[makapaaa]

http://en.wikipedia.org/wiki/Revolution

A revolution (from the Latin revolutio, "a turn around") is a fundamental change in power or organizational structures that takes place in a relatively short period of time. Aristotle described two types of political revolution:

1. Complete change from one constitution to another
2. Modification of an existing constitution.<SUP id=cite_ref-0 class=reference>[1]</SUP>

 

[Watchman]

Ho Jinx