[Sg] - DBS has just loaned $30 billion to MAS in a highly profitable win-win deal

[JohnTan]

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DBS Chief Executive Officer Piyush Gupta said during an analyst call that the bank had lent the Monetary Authority of Singapore S$30 billion as it is “not finding enough opportunities to put the money to work.”

This deal wouldn't have happened if the PAP didn't put chettiars in charge of both DBS and MAS. Oppies still think CECA is bad for sinkies?

 

[rushifa666]

You do whatever PhD from India tell you, stupid sinkies. You are low class peasants

 

[borom]

This is not a good sign as it means there are not enough production of goods and services esp by newer and smaller companies and as a result of low sales and or production need to borrow less.
I remember before the korean ecomomy boomed, korean enterprises literally will borrrow any amount of monies you are willing to lend them as the govt give guarantees via a finacial intermediary.
Here you have GLC's and NTUC linked companies dominating almost everthing and local enterprises cannot grow or thrive in this unfair playing field,-no different from the political arena.
They import foreigners by the millions to cut cost but what have these done for innovation?
Why bother to invent or innovate when you can employ cheap labour as the easy way out?

 

[syed putra]

The could have loaned the money to uplift malays.

 

[batman1]

The could have loaned the money to uplift malays.

Make no difference.

 

[JohnTan]

The could have loaned the money to uplift malays.

The muuds wouldn't pay back. Too corrupt or too dumb to manage money properly.

 

[congo9]

It's also saying that money has been flowing in.
They had not been able to lend out the money fast enough.

 

[bobby]

And then MAS lend the $30b to TH to buy Kekling shares

 

[Leckmichamarsch]

View attachment 184574


DBS Chief Executive Officer Piyush Gupta said during an analyst call that the bank had lent the Monetary Authority of Singapore S$30 billion as it is “not finding enough opportunities to put the money to work.”

Adani dun want ?

 

[Leckmichamarsch]

Fishy

 

[NanoRay]

Lend money to MAS for what?

Does MAS assign Temasek to manage funds ?

 

[batman1]

Does MAS assign Temasek to manage funds ?

Better don't.Wait Temasick buy high & sell low.