GIC, Temasek & MAS 01 (May 08 - Aug 09)

[LenaHuat]

Hi K
Good play on rhyme

[winston]

5m people in Spore now?

So about Sin$20,000 per man, woman, child etc

[kennynah]

real singaporeans....maybe only 3.5mil... so, about $30K per singaporean, more like it....

[LenaHuat]

4million out of a population of 5 million are Singaporeans (ie citizens).
That's S$27,000..........wow some 35% higher than Winston's estimate.

[kennynah]

wah...if give me that S$27K...maybe if i am lucky i can generate a tidy return in 1 year....hmmm....give it to me...give it to me !!!!

[iam802]

assuming a household of 4 persons, we are talking about S$108k.

so, all those 'middle income' folks.... can consider working free for 1-2 years, and no food and drinks to your family. Not even Jia Jia Liang Teh!

[kennynah]

but let;s be fair to these people.... in better years, i assume they have generated money for us...

but hey....there's no room for error for professionals when in comes to making money..... if they falter just as easily as retail investors...then they should be sacked !!!! hahahaha...

[LenaHuat]

Hi folks
I looked into the govt statistics and I think K is right abt the number of Singaporeans, only around 3.5 million and so it's $120,000 per household

[LenaHuat]

Gosh.................GIC's UBS stake is at stake

GENEVA - Switzerland's key financial services industry could be decimated if its trademark secrecy is given up as part of reforms to cope with the global economic crisis, a prominent Swiss private banker warned.

'Without this distinction, the financial centre would shrink by up to half of its current size,' Ivan Pictet, a private banker who heads the Geneva Financial Centre bank association, told Le Temps daily on Tuesday.

'Rather than making up about 12 per cent of gross domestic product, the financial sector would make up just about six or seven,' he said when asked what would happen if Switzerland gives up its bank secrecy practices in the face of calls for greater financial system transparency.

[winston]

If those money are clean and obtained legally, why are they worried about more transparency ?