MP Inderjit - Our Bank Investments should not be seen as losses.

[Confuseous]

“If we consider a longer-term horizon, then some of the issues like what UBS faces today should not be seen as failed investments,” said Inderjit Singh, a member of Parliament for the ruling People’s Action Party, and chief executive officer of Infiniti Solution Pte, a provider of services to chipmakers.

“However, from a Singapore Inc. perspective, with the two sovereign wealth funds not coordinating, I feel they have overinvested in the financial sector.”

Financial services companies made up 36 percent of Temasek’s portfolio as of March. It is the biggest investor in lenders including Standard Chartered Plc (STAN), the British bank that earns most of its profit in Asia, and Singapore’s DBS Group Holdings Ltd. (DBS) It also owns stakes in China Construction Bank Corp. and India’s ICICI Bank Ltd.

- http://www.bloomberg.com/news/2011-...et-losses-pile-up-on-ubs-trading-scandal.html

 

[red amoeba]

,I hope she use this as an excuse to tell her shareholders, shld Infiniti Solution make a loss...

n see what happen to her shareholders.

 

[streetsmart73]

,I hope she use this as an excuse to tell her shareholders, shld Infiniti Solution make a loss...

n see what happen to her shareholders.

hi there


1. another load of crap!
2. tau neh tan, so how huh?

 

[MightyMouse]

“If we consider a longer-term horizon, then some of the issues like what UBS faces today should not be seen as failed investments,” said Inderjit Singh, a member of Parliament for the ruling People’s Action Party, and chief executive officer of Infiniti Solution Pte, a provider of services to chipmakers.

Have to agree with Inderjit, from a short-term perspective, the UBS investment failed miserably!

 

[GOD IS MY DOG]

Inderjit..........ah neh, right ?


enough said liao lor.........

 

[Balls2U]

Fucking useless bahyi should just shut up and stop talking cock! :oIo:

 

[bryanlim1972]

said Inderjit Singh, a member of Parliament for the ruling People’s Action Party, and chief executive officer of Infiniti Solution Pte, a provider of services to chipmakers.

they're all bloody linked to temasek.

 

[Wang Ye]

Reminds me of a book I read on how Indian banks maintain their balance sheet by having losses credited as other asset.

 

[GOD IS MY DOG]

Reminds me of a book I read on how Indian banks maintain their balance sheet by having losses credited as other asset.

that's how banks like Citibank do it too.........


if a joker mortgage his house to Citibank for 500,000 at height of property boom..........


that house will be in Citibank's books as 500,000...........even when it drops by half or more in property bust......

 

[vamjok]

stupid bahyi long term investment period is defined as 100 years

 

[middaydog]

,I hope she use this as an excuse to tell her shareholders, shld Infiniti Solution make a loss...

n see what happen to her shareholders.

She? she meh?

 

[zeddy]

:

Bayi what colour..???

 

[hairylee]

Yes, our highly esteemed bagi is absolutely right.
They are not loses but just Investment Without Returns.

 

[halsey02]

Bayi what colour..???

BAYI! CHOPE!...smack you bcak!... ha ha ha ha!!!!

 

[zeddy]

BAYI! CHOPE!...smack you bcak!... ha ha ha ha!!!!

He..He..He.. Ok lah you win...

 

[Capano2121]

Singapore was founded and is still running on trial & error! They do the trying and you pay for their errors!!! Period!!!