GIC should disclose other underwater CPF investments, don’t impress Singaporeans with half truths and propaganda
GIC’s UBS investment possible losses may be the largest but there are numerous undisclosed mini UBSes. The government must cease disseminating half-truths to impress Singaporeans that all is well at GIC when it is clearly not. For example, the massive UBS loss should be acknowledged individually and not linked to another...
So $10 billion loss in investments is just like that – nothing from any minister AT ALL?
Huh? So $10 billion loss in investments is just like that - nothing from any minister AT ALL?? Nothing? Zilch? Nada? It's not $10 leh. It's S$10 billion, you know? $10 billion of Singaporeans' hard-earned money leh. Got nothing to say? 80+ MPs and not a single one is even interested to at least post about it on their Facebook...
GIC still trying to save face after massive UBS loss, “combined strategy” made peanuts returns
CPF fund manager GIC was reported to be facing a possible record loss of US$4 billion on a single investment. “GIC faces possible US$4b loss on UBS bet: IFR” There are of course many more underwater investments which is why the PAP government has refused to be transparent. It is also strange that not a single elected...
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