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How Will Ass Loon Make SGs' Pay for Ho Jinx's Losses in India This Time?

makapaaa

Alfrescian (Inf)
Asset
[h=2]As rupee falls, what about SG investments in India?[/h]
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September 5th, 2013 |
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Author: Editorial

Since 2010, the Indian rupee (INR) has fallen some 60% relative to the Singapore dollar (SGD) from 1 SGD to 33 INR to the current 1 SGD to 53 INR.
In fact, in just the past 3 months this year, the Indian rupee has lost some 20% of its value. It certainly is one of the world’s worst-performing currencies in 2013.
INR_SGD-640x480.jpg

The main reason for the rupee’s deep fall is India’s record current-account deficit. In other words, India is importing more than it is exporting by the biggest margin ever. India’s current-account deficit widened to a record 4.8% of GDP in the year ended 31 March 2013. The rupee has taken a beating as investors are losing confidence in the Indian government’s ability to turn around the slowing economy and boost the country’s dwindling current account.
The slowdown in India’s growth rate which has hit its lowest level in a decade has also rocked investors’ confidence.
The Indians themselves think the rupee is under speculative attack.
In any case, analysts think the rupee will fall further.
With the rupee falling against SGD, one must ask about Singapore taxpayers’ money invested in India.
According to a 2010 Temasek Holdings report [Link], at least S$520 million were invested in India then:
“In India, we invested S$241 million in the National Stock Exchange of India in May 2010. We also added to our exposure in the infrastructure space with a S$280 million investment in GMR Energy Limited in June 2010, a leading Indian power utility company with existing generating capacity of 808 MW and planned additions of 6,000 MW in various stages of development. Other investments include Sobha Developers in February 2010, a leading developer in South India, and in Essar Energy in April 2010.”
It is unclear if Temasek Holdings has hedged against the rupee’s fall or if it has gotten out of its investments in India prior to the rupee’s plummet.
Assuming the S$520 million is still invested in India, in order to break even, Temasek Holdings must make a capital gain of at least 60% out of the S$520 million to offset currency losses.
Of course, one could argue that Temasek Holdings is a long-term investor and can ride out the currency storm. And in the long term, it can still recover its money when the rupee rises again.
However, the famous economist, John Maynard Keynes, said, “In the long run, we are all dead.”
 

makapaaa

Alfrescian (Inf)
Asset
Pap disability:
September
5, 2013 at 10:25 am
Pap
disability(Quote)


What pap wants and needs is growth.
And what is their model?

making sg fully Dependent on foreigners and imports.

Its like pap has created a constraint for itself by intentionally making sg a
DISABLED without the ability to survive on its own.

For fifty years instead of building a capability to RELY on itself, it
created a DISABILITY.

But here is where we can play with words.

On the one hand, sg has claim to be or want to be a HUB of MAny things, and
this seems like true to a naive, on the otherhand, its hubs are actually EMPTY
HUBs where the CORE is an empty shell.

This simplistic model has one flaw. The price to pay is to SACRIFICE
CITIZENS.

FTA by utself is not a bad thing totally.
Its the extent of the fta. And
from what we see, its gine overboard that to meet the fta is to do things at tge
EXPENSE of sinkies.

In first worlds, pap long farked.
But in sg, the reason started long back
with the giving away of Absolute Power that we now cannot get back from
politicians.

Sg model seems to work on surface – businesses happy with endless supply of
cheap labor, gdp growing, foreign money inflowing etc.
But something has to
give and its the sacrificing of the sinkies.

Hdb could not be so successful without the hardworking money saving sinkies
who gone thru tough time studying and sacrifice for ns and cooperated with pap
and slogged to work hard for mnc. Overworked first world citizens. Underpaid
firstworld citizens. Powerless citizens. Nurtured to think like submissive
slaves.
Jobs have to be given to foreigners.
Cheaper .
FTA demands
giving india citizens jobs.
 

halsey02

Alfrescian (Inf)
Asset
Very easy, CPF Forever with no withdrawal, Medisave Forever, even after you are gone..Medishield will be revised from Life to Forever, psst! forever theirs...ha ha ha ha
 

Qantas

Alfrescian
Loyal
Very easy, CPF Forever with no withdrawal, Medisave Forever, even after you are gone..Medishield will be revised from Life to Forever, psst! forever theirs...ha ha ha ha

We still got our Special Account and bank accounts mah! You think they will siphon those away too...?:eek:
 

watchman8

Alfrescian
Loyal
Just currency alone it lost 40% value in last 3 year.
Around 2010, temasick made a portfolio strategic overweight to Asia emerging markets. And we know that most of these emerging markets have been underperforming for past few years. That's why all the GLC stock prices have to maintain at high level to prop up the entire temasick portfolio. When the next recession hit, these props will collapse too. Then the jinx will arm twist her pink bitch to transfer more state assets to temasick to fill up her hole.
 

escher

Alfrescian (Inf)
Asset
Sinkies remain head down down and arseholes up high high and to be screwed and fucked of more billions for HC to make up the losses
 
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