TR EMERITUS

The mainstream media has reported Temasek Holding's latest result. It's year-on-year returns was -9%, a reduction of S$24b from its market value of S$266b.10 year rolling, the total Shareholder Returns is at 6%. The year on year loss was half of what I expected. How come? The clue is given by Temasek saying the decrease reflects... 

In a recent post, I wrote "the old virile economic model is sputtering having gone flabby with too years imbibing on fat and sweeteners like foreign workers and overly business friendly policies. It is barely even reaching half the "new normal" of 3% GDP growth." A FB friend commented "Adjusting to the 'new normal' is not easy...