Thursday, August 27, 2009

"Gian Png" Temasek Needs Retail Investors?

For the benefit of those who do not understand the Hokien dialect, "Gian Png" literally means "hungry for rice" or if I may, "needs more money to survive".

Temasek needs retail investors? [Link]

It needs to update its Charter? [Link]

Does it actually matter to common citizens like me?

To whom does the murky money (whatever that's left) in Temasek (or even GIC) belongs to?
  1. We, the citizens of Singapore?
  2. The PAP Government?
  3. Or "Monopoly Money" of the rich and famous to play with?
And who is accountable for the losses so far?
  1. We, the citizens of Singapoor?
  2. The PAP Government?
  3. The Ministry of Finance (during LHL or Tharman's tenure)?
  4. Temasek's Board of Directors (whoever they are)?
  5. Chairman Dhanabalan?
  6. CEO Ho Ching?
  7. Or shall we put the blame on Chip Goodyear? Ooops . . '
Actually I think both Dhana and Ho Ching are loss for words to describe the loss so far.

Maybe the GreatGrandma of my granddaughter is right after all. She always advises me to let things be. Don't rant. Don't bitch. She tells me that the Power that is (be it PAP govt, CPF Board, HDB, IRA, the Police, the Judiciary, Temasek, etc) has the Power. Simple as that!

They do their "thing" and there's nothing non-elite citizens can do about it . . . except to rant, bitch or vote. And serious feedback (PR gimmick) so often requested even by the PM is nothing but another "chui kong lumpar song" ( mouth talks, testicles titillate).

NMP Viswa Sadasivan is one good example. It is so sad that feedback to build a more inclusive society is but a joke after NMP Viswa Sadasivan with his brilliant truth got shot down by LKY and NEH. The heart of the matter is: Truth bloody hurts! Both the giver and recipients!

Great Grandma (whose husband would be as young as LKY today but decided to let go at age 73) is wise enough to advise that voting them out would be tough because of the gerrymandeering and the silly GRC. One man one vote but one constituency needs 6 bloody MPs? It becomes a greater joke when the GRC is meant to protect the minority and the Pledge is nothing but an Aspiration. A bloody insult to the good names of David Marshall, JB Jeyaratnam, Rajaratnam, Othman Wok, E W Barker and other politicians who truly deserved their parliamentary seats, regardless of race language or religion. Of course, the Election Department under the purview of the PM's office [Link] is another reason why the Pledge is just an Aspiration.

Temasek
Old Charter?
New Charter?
Who cares
Except
The
Power
That
Is

Flip flop? Damage control? Call it what you may. A rose by any name would smell as sweet. Alas, Temasek doesn't.

Even if truth hurts,
The Art of Living is To Die Young . . . . . . . . As Late As Possible!

Yes, to every life, a little rain must fall.

We need the water.

feedmetothefish

10 Comments:

At August 27, 2009 9:09 AM , Anonymous Anonymous said...

I might consider be one of the retail investors if and only if all PAP MPs pledge at least 60% of their assets to Temasek. Likewise, whole Familee must pledge at least 80% of their assets to show unanimous support to Temasek leadership under Ho Jinx.

 
At August 27, 2009 1:06 PM , Anonymous Anonymous said...

Do the words tyrant, dictator, Kim Jong-il, dear leader, dynasty, all sound familiar to you?

 
At August 27, 2009 6:34 PM , Anonymous famiLee bank said...

to anonymous on 27/8 9.09am
jolly good suggestion !
and Nathan must pledge all his assets.

guaranteed the damn PAP stooges will speak up and not remain clueless when their money is involved. hehe

 
At August 27, 2009 10:04 PM , Anonymous Anonymous said...

//At August 27, 2009 6:34 PM , Anonymous famiLee bank said...

to anonymous on 27/8 9.09am
jolly good suggestion !
and Nathan must pledge all his assets.//

Don't you mean all his pratas?

 
At August 28, 2009 12:16 PM , Anonymous top up Temasek said...

Mr Fish, The old fart can decree that all PRs, new citizens, etc must park some money with Temasek.
Ideal buggers would be Jet Li, Gong Li, Jackie Chan, etc, etc.
Not forgetting investment guru, Jim Rogers who is a PR.
I believe there is a substantial amount of CPF if one looks at the Malaysians who work in Spore.

 
At September 3, 2009 1:13 AM , Anonymous Anonymous said...

Temasek should try listing itself on the NY Stock Exchange.
Ho Ching can proclaim to all would be investors an average return of at least 8% ......
of course guaranteed by the hubby and father-in-law.

 
At October 6, 2009 5:17 PM , Anonymous Anonymous said...

I would definitely invest in Temasek as long PAP remain in office for the next 10 years. If you can't beat them, join them.

Why? Its simple, the government would just continue to put the nation assets [GLC, Stat Boards that are monopoly] to Temasek and let them sell at a profit to foreign investors. The best thing about this is if there is enough Singapore retail investors in Temasek, no one would want to "rock the boat" in bring up the "legal corruption" charge!

I would think that Temasek's unit trust would rise to be the top CPF approved investment.

Don't you agree?

 
At January 31, 2010 2:34 AM , Anonymous Anonymous said...

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At February 3, 2010 1:23 AM , Anonymous Anonymous said...

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At March 19, 2010 8:52 PM , Anonymous Anonymous said...

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