Friday, July 31, 2009

Sometime you gain, sometime you lose

Singapore budget for FY2009: SGD 43.44b.
As of Sep 2008, GIC managed assets: estimate SGD225b (well over USD100b).
As of 31 mar 2008, Temasek Holdings net portfolio value: SGD185b.

If we assume total asset value is SGD410b.
Then in the last financial year, Temasek lost more than SGD40b can represent almost one year of national expenditure or 10% of total asset.

Saturday, March 21, 2009

Legally correctness

"We have to act because they are alleging corruption... If we do not act, and the lies and defamation are repeated throughout and in election rallies and spread around, I think the government's reputation goes down. And its standing must go down and it must lose its moral authority to govern, because these statements have been made and you've not reacted and that means there must be some truth in it,"

~~ Lee Hsieng Loong, Prime Minister, 22 April 2006.






NOTE: Look for pictures of bronze heads in Google search here.