Inflation could “reverse a lot of those gains” made by the GIC since it launched in 1981, he said.
He would not comment on how many years’ worth of returns he expected could be wiped out.
(27-07-2022, 08:11 PM)Scythian Wrote: [ -> ]Inflation could “reverse a lot of those gains” made by the GIC since it launched in 1981, he said.
He would not comment on how many years’ worth of returns he expected could be wiped out.
Is GIC going to loose a lot of money from now onwards?
(27-07-2022, 08:54 PM)Niubee Wrote: [ -> ]Better tighten belts.
Our CPF savings will be affected and possible that CPF Board will extend withdrawal age and smaller amount repayment and payout.
(27-07-2022, 08:59 PM)Scythian Wrote: [ -> ]Our CPF savings will be affected and possible that CPF Board will extend withdrawal age and smaller amount repayment and payout.
Arsetralia too
talk kok lah, why point fingers at inflation. lose money mean lose money lah. just tax the people can liao. what's so difficult
(27-07-2022, 09:19 PM)wulala Wrote: [ -> ]talk kok lah, why point fingers at inflation. lose money mean lose money lah. just tax the people can liao. what's so difficult
Borrowing CPF savings @2.5% pa, so bloody cheap, and yet, cannot generate profit
Then what are they good for?
Lost and blame it on inflation?
No wonder give you a chicken wing but take back a whole chicken.
Getting so much from COE and now want to increase ERP charges,
Fast forward, expect more increases in cost including GST, fines, etc
Never gave profit sharing/investment return to CPF members yet, able to talk big..
"Ho Ching claims investment returns by GIC, MAS, and Temasek are the “single largest contributor to SG budget” more than income tax or GST"
https://theindependent.sg/ho-ching-claim...et-more-th
(27-07-2022, 08:11 PM)Scythian Wrote: [ -> ]Inflation could “reverse a lot of those gains” made by the GIC since it launched in 1981, he said.
He would not comment on how many years’ worth of returns he expected could be wiped out.
Reverse a lot of gains?
Sound serious
(28-07-2022, 04:14 AM)Oasis Wrote: [ -> ]Reverse a lot of gains?
Sound serious
Clearly admitting that GIC has made many wrong investment decisions and strategies in the past to realise losses in the future.
Who is to be held responsible and accountable?
(28-07-2022, 06:11 AM)Scythian Wrote: [ -> ]Clearly admitting that GIC has made many wrong investment decisions and strategies in the past to realise losses in the future.
Who is to be held responsible and accountable?
Sounds familiar like SIA hedging and locking in high oil prices and incurred heavy losses for 15-20 years.
"reverse a lot of those gains"..???
(Ie..previous Gain and profits overly revalued only)
It's book Revaluation only.
He's assuring us that it's not incurring additional or actual losses
Usually by the time GIC says there is a problem with inflation...the problem is aover already.
(28-07-2022, 07:29 AM)sgbuffett Wrote: [ -> ]Usually by the time GIC says there is a problem with inflation...the problem is aover already.
Over the past years since incorporation, GIC could be over stating profits and performance until now.
Strengthening SGD also causing losses.
Those created the problems already rewarded huge bonuses and now, leaving behind cow dung
(28-07-2022, 07:29 AM)sgbuffett Wrote: [ -> ]Usually by the time GIC says there is a problem with inflation...the problem is aover already.
.
Increasingly yearly provision for valuation loss:
- assets
- stock
- foreign exchanges
- off balance sheet including hedging/ derivatives
Of course, power of inflation
that only dumb people like Jac Lau do not understand
die to low IQ
(27-07-2022, 10:10 PM)mikotan Wrote: [ -> ]Lost and blame it on inflation?
So simple
All collected millions and disappeared
(27-07-2022, 11:28 PM)Gstalk Wrote: [ -> ]No wonder give you a chicken wing but take back a whole chicken.
Getting so much from COE and now want to increase ERP charges,
Fast forward, expect more increases in cost including GST, fines, etc
Exposing Past performance and profits are all BS
(27-07-2022, 08:54 PM)Niubee Wrote: [ -> ]Better tighten belts.
Maybe GIC has over stated past profits, valuations, and performance
Unprecedented
It started to face reality and challenges
(28-07-2022, 09:32 AM)Scythian Wrote: [ -> ]Maybe GIC has over stated past profits, valuations, and performance
Unprecedented
It started to face reality and challenges
Don't try this Maybe stunt. Prove it
What Is his point of saying this?
Dun he knows before he is born inflation has been in force?
Inflation has been escalating rapidly during LHL era.....
Clear my doubt please, is it using this covid situation to write off hidden or fake past account?
(28-07-2022, 10:06 AM)Niubee Wrote: [ -> ]Don't try this Maybe stunt. Prove it
Our CPF savings finished
(28-07-2022, 12:23 PM)Scythian Wrote: [ -> ]Our CPF savings finished
LJ...
(28-07-2022, 12:41 PM)Niubee Wrote: [ -> ]LJ...
CB
..
Compare to Temasek, Ho Ching always says very good and prosperous
Making fantastic ROI
like i say high COE still not happy, up ERP like running water. this gov is getting out of touch. sg is going down hill, all about money, even our gov. so you see for yourself, why we.need foreigner to come here, cos the problem is cause by them. no one want to give birth, high cost living, stress pressure all built up just to satisfied their high salary. this is not ok for our true blue singaporean. this is not the country we want to see.
.
Using our cheap CPF savings and talk cock
