Apparently the other sovereign wealth managers don't think too highly of the wife. Does amdk opinion count for more?
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10 Obscene Facts About the PM Lee Hsien Loong's Salary
- Thread starter chittychitty
- Start date
Apparently the other sovereign wealth managers don't think too highly of the wife. Does amdk opinion count for more?
His employer will pay his cpf too.
(69.9% Sinkees voted for this).
it's all worth it. at least sg is better managed and run than all the years of a dozen potus prior to president trump.
That's absolute rubbish it's quite the opposite. She has won awards for her outstanding performance.
Temasek chief Ho Ching handed prestigious Asia House business award
Ho Ching, CEO of Temasek, receives the Asia House Asian Business Leaders Award from HSBC head Stuart Gulliver
28/10/14
By David Cowell
The head of Temasek, Ho Ching, received the prestigious Asia House Asian Business Leaders Award at a gala dinner in London’s Banqueting House.
The Executive Director and Chief Executive of the S$223-billion investment company was handed the Award in recognition of her impressive business credentials and her moral leadership and service to society.
Making the presentation on Monday, October 27, Stuart Gulliver, Group Chief Executive of HSBC Holdings, said Temasek’s mission had always been underpinned by integrity, meritocracy, respect, trust, teamwork and doing things today with one eye on tomorrow.
“No-one embodies this ethos more than its Chief Executive, Ho Ching,” Gulliver said.
To watch the video of the event click below:-
Gulliver said that since Ho Ching became chief executive 10 years ago, the value of Temasek’s portfolio had doubled and the diversification of the organisation’s investments had accelerated.
“By increasing its Asia exposure outside Singapore six-fold and by more than doubling its exposure beyond Asia, she has turned Temasek into a truly global company,” Gulliver said.
“In so doing, she has positioned Temasek to benefit from sustainable returns over the long-term, whilst also providing capital that is supporting economic development overseas and strengthening economic links between Asia and the rest of the world.”
He added that Ho Ching’s commitment to building a responsible business was evident in the way that she championed issues such as transparency, probity and good governance.
VIPs and guests at the ABLA dinner in London’s sumptuous 17th century Banqueting House
Gulliver praised Ho Ching’s role in increasing its range of community projects in areas like education and healthcare and extending Temasek’s reach into important new areas like disaster response preparation.
“Ho Ching’s passion for helping others – especially children – can be seen in the charities in Singapore that she supports in a personal capacity. These include the Assisi Hospice, where she is a Patron, and the Trailblazer Foundation, of which she is the founding Chairman.
“She is a role model for others to follow, in Asia and beyond,” Gulliver said.
To watch Stuart Gulliver’s speech and to see him presenting Ms Ho with her award click below:-
UK Minister of State Hugo Swire said Ho Ching’s achievements in global business and at the helm of one of the world’s largest sovereign wealth funds were almost unparalleled and congratulated her on her award. Click here for the full text of his speech and click herefor coverage by Nikkei’s Asian Review.
The dinner was attended by over 250 senior business leaders, political figures, Asian Heads of Mission in London and opinion formers. For a slideshow of the event, click on the image below:
The annual Asia House Asian Business Leaders Award recognises those individuals who embody the ‘Servant Leader’: they can demonstrate economic success and professional excellence accompanied by moral leadership and service to society. For more information, click here.
Previous recipients of the Asia House Asian Business Leaders Award (ABLA) include: Azim Premji, Chairman of Wipro; Lubna Olayan, CEO of the Olayan Financing Company; Ratan Tata, Chairman of Tata Group; Vikram Singh Mehta, Chairman of Shell India; and Jack Ma, Chairman and Founder of Alibaba.com.
Ho Ching spoke about how North America and Europe were markets of increasing interest to Temasek in a separate rare interview with Asia House. To read what else she had to say about Temasek’s future goals and aspirations click here.
David Cowell is a freelance journalist working for Asia House.
My god how dare the cleaning lady charge the stage!
The inside info is that Mdm Ho declined to take a salary. She has volunteered to the do the job without pay because she feels that the satisfaction and honor of serving the people of Singapore is way beyond any monetary gain.
Soon...every Singapore woman with short hair and butch looks will be looking for a Prime Minister to marry.
The bonus is pecked to the nation's GDP and he would pay himself much more than the average civil servants. There is no shame in taking millions of dollars of the taxpayer's money to reward himself and his cabinet. Long live PAP
The salary of the cabinet costs only 5 plates of char kuay teow per Singaporean per year. That is a small price to pay for ensuring that the cabinet is staffed by the best people the country has to offer.
In my opinion Singaporeans are getting a bargain.
Double Arseloon salary!
That will make Stinkapore twice better than now!
And the respect for him will double as well.
Increase his salary ten times.
Stinkapore will then be ten times better than now!
And ten times lagi more respect for that Arseloon too!
AMDK, Ah Nehs and the PRCs will shower her all the awards as long as she remain at Termasick and be their Santa Rina.
Uhm who is his employer?
Let's look at the numbers: the only yard stick that matters as a fund manager.
TSR in past 20 years is around 6%. Mdm took over around 16 years ago.
S&P averages 9% over 90 years.
Objectively she has underperformed a key bench mark.
We would have been better off putting our entire reserves with Berkshire.
TSR in past 20 years is around 6%. Mdm took over around 16 years ago.
S&P averages 9% over 90 years.
Objectively she has underperformed a key bench mark.
We would have been better off putting our entire reserves with Berkshire.
That's absolute rubbish it's quite the opposite. She has won awards for her outstanding performance.
Temasek chief Ho Ching handed prestigious Asia House business award
Ho Ching, CEO of Temasek, receives the Asia House Asian Business Leaders Award from HSBC head Stuart Gulliver
28/10/14
By David Cowell
The head of Temasek, Ho Ching, received the prestigious Asia House Asian Business Leaders Award at a gala dinner in London’s Banqueting House.
The Executive Director and Chief Executive of the S$223-billion investment company was handed the Award in recognition of her impressive business credentials and her moral leadership and service to society.
Making the presentation on Monday, October 27, Stuart Gulliver, Group Chief Executive of HSBC Holdings, said Temasek’s mission had always been underpinned by integrity, meritocracy, respect, trust, teamwork and doing things today with one eye on tomorrow.
“No-one embodies this ethos more than its Chief Executive, Ho Ching,” Gulliver said.
To watch the video of the event click below:-
Gulliver said that since Ho Ching became chief executive 10 years ago, the value of Temasek’s portfolio had doubled and the diversification of the organisation’s investments had accelerated.
“By increasing its Asia exposure outside Singapore six-fold and by more than doubling its exposure beyond Asia, she has turned Temasek into a truly global company,” Gulliver said.
“In so doing, she has positioned Temasek to benefit from sustainable returns over the long-term, whilst also providing capital that is supporting economic development overseas and strengthening economic links between Asia and the rest of the world.”
He added that Ho Ching’s commitment to building a responsible business was evident in the way that she championed issues such as transparency, probity and good governance.
VIPs and guests at the ABLA dinner in London’s sumptuous 17th century Banqueting House
Gulliver praised Ho Ching’s role in increasing its range of community projects in areas like education and healthcare and extending Temasek’s reach into important new areas like disaster response preparation.
“Ho Ching’s passion for helping others – especially children – can be seen in the charities in Singapore that she supports in a personal capacity. These include the Assisi Hospice, where she is a Patron, and the Trailblazer Foundation, of which she is the founding Chairman.
“She is a role model for others to follow, in Asia and beyond,” Gulliver said.
To watch Stuart Gulliver’s speech and to see him presenting Ms Ho with her award click below:-
UK Minister of State Hugo Swire said Ho Ching’s achievements in global business and at the helm of one of the world’s largest sovereign wealth funds were almost unparalleled and congratulated her on her award. Click here for the full text of his speech and click herefor coverage by Nikkei’s Asian Review.
The dinner was attended by over 250 senior business leaders, political figures, Asian Heads of Mission in London and opinion formers. For a slideshow of the event, click on the image below:
The annual Asia House Asian Business Leaders Award recognises those individuals who embody the ‘Servant Leader’: they can demonstrate economic success and professional excellence accompanied by moral leadership and service to society. For more information, click here.
Previous recipients of the Asia House Asian Business Leaders Award (ABLA) include: Azim Premji, Chairman of Wipro; Lubna Olayan, CEO of the Olayan Financing Company; Ratan Tata, Chairman of Tata Group; Vikram Singh Mehta, Chairman of Shell India; and Jack Ma, Chairman and Founder of Alibaba.com.
Ho Ching spoke about how North America and Europe were markets of increasing interest to Temasek in a separate rare interview with Asia House. To read what else she had to say about Temasek’s future goals and aspirations click here.
David Cowell is a freelance journalist working for Asia House.
Temasek performs far better than Buffet.
https://www.thenational.ae/business/temasek-a-company-that-outdoes-buffett-1.565380
Temasek - a company that outdoes Buffett
The Singaporean fund, which is owned by the government, is a highly successful concern that gave world markets a scare when it sold stakes in two Chinese banks last month, writes Frank Kane.
Frank Kane
August 10, 2011
Updated: August 10, 2011 04:00 AM
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The Singaporean fund, which is owned by the government, is a highly successful concern that gave world markets a scare when it sold stakes in two Chinese banks last month. Photographer: Munshi Ahmed/Bloomberg
For Mubadala and ADIA in Abu Dhabi, in Singapore read Temasek Holdings and GIC.
Vision 2030: Abu Dhabi Model Economies
A capital future Read all of the features in The National's Abu Dhabi Model Economies series. Read articles
The island state, used by the UAE as a model for economic development, has its own government-owned investment groups, which have become a vital part of its financial and economic life.
Although the Government of Singapore Investment Corporation (GIC) is bigger, Temasek is arguably better known in the financial world.
Temasek (it derives from the old Javanese word for "sea town") caused a stir when it appeared to "call" the market in the Chinese financial sector, selling stakes in two of China's biggest banks - sending a shiver through world markets early last month.
The Singaporean fund, an investment company owned by the government, was the biggest foreign investor in the Chinese banking sector, with multibillion-dollar stakes in the Bank of China and China Construction Bank, but it sold down about US$3.6 billion (Dh13.2bn) of its total holding, for a tidy profit of about $1.2bn.
Nagi Hamiyeh, the managing director of Temasek's investment unit, says the sales were purely investment decisions, and pointed out that it retained substantial holdings in the Chinese financial sector. "We've still got $13bn in Bank of China."
But the market effect showed the increasing power of Temasek as a global investing force. The Singaporean company had won important political points with Beijing when it bought the stakes in 2009, just as cash-strapped western banks were offloading their interests in China. Just as with its Abu Dhabi counterparts - Mubadala Development, a strategic investment company owned by the Government, and the Abu Dhabi Investment Authority - Temasek is wary of the phrase "sovereign wealth fund" (SWF), and likes to call itself simply "a government-owned investment company".
In fact, its origins are very similar to the Abu Dhabi companies, if somewhat older.
Temasek's seed capital came from the grant of government-owned assets more than 30 years ago, mainly in airlines and telecommunications, rather than oil revenues, as in the UAE. The privatisation of the SingTel communications group in the 1990s also gave Temasek another injection of assets.
Temasek has adopted strictly commercial criteria as its basic business philosophy, and gets top marks on the transparency scales drawn up by investing institutions in their dealings with SWFs. It was a party to the Santiago Principles agreed between western institutions and global SWFs in 2009.
But the comparison Temasek likes to make, rather than the SWF league, is a more telling one: at its recent annual financial report presentation in Singapore, it showed a chart of its performance compared with Berkshire Hathaway, the company run by Warren Buffett, the legendary US investor dubbed the Sage of Omaha for the shrewdness of his financial dealings.
Over a 20-year period, Temasek outperformed Mr Buffett, with a total return of 15 per cent compared with his 13 per cent; over the past two years, the Singaporeans have raced away, with a 22 per cent return against Berkshire Hathaway's 9 per cent.
After Singapore, where Temasek holds 32 per cent of its assets, the investment policy is distinctly slanted towards emerging markets, and firmly anchored in Asia. Some 45 per cent is in Asian assets outside Singapore, with a large proportion in Malaysia. Only 20 per cent is in the West (including Australia and New Zealand).
Like many investors in the UAE, Temasek is becoming increasingly attracted by investment opportunities in Africa. "There are potential problems there, of course, like governance and lack of transparency, and we are cautious by nature, but things are improving, especially in South Africa, " says a Temasek executive.
Temasek has announced a new venture in partnership with South Africa's wealthy Oppenheimer family, setting up a $300 million fund to invest in African consumer and agricultural businesses.
The biggest chunk of Temasek's portfolio is invested in financial services, followed by transport, industrials, telecoms and life sciences.
"Real estate forms only a small part of the Temasek portfolio,"says the executive. "We have equity stakes in real estate companies in Singapore and joint ventures with the Malaysian government, but property is not a big component."
The investment policy has been an undoubted financial success. Apart from a blip in crisis-gripped 2009, the portfolio value has risen in every one of the past eight years, and stood at S$193bn (Dh582bn) at the end of March.
Profits have also recovered quickly over the past 12 months, following two years of downturn in the aftermath of the financial crisis. In the year to March, net profits amounted to S$12.7bn, up from S$4.6bn a year earlier. Debts were reduced by nearly half in that period, to S$9.5bn.
Temasek executives say they come across their Abu Dhabi counterparts as competitors in the international investment circuit, and are aware of "strategic relationships" at the highest levels of Singapore-UAE relations.
One significant link is the role of Baroness Shriti Vadera, a former British government minister, as an adviser to Temasek. She also advised the Dubai Government at the most sensitive stages of the negotiations over Dubai World's restructuring.
Tat was in 2011 as an Investment Co, today its a Charitable Co for filty rich AMDK.
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