Archive for the ‘Economy’ Category
GIC and Temasek’s annualised returns revised?
In the media today, GIC has confirmed that its 20 year annualized rate of return was only 3.9% and Temasek’s was 15%. Who is spreading the misinformation that their returns were 17% annualized? How did people got such a fantastic figure that no fund managers would dare to claim? 17% annualized! Unbelievable, incredible, insanity! Oh,...
Ng Kok Lim rebuts foreign commodity trader’s view of TRE
I refer to the article “a Foreign Trash’s review of TR Emeritus” dated 22 Jul 2012 contributed by someone with the Internet screen name of ‘CommTrader’. CommTrader regards Singapore as a utopia, a place of ideal perfection especially in laws and government and one that has high GDP, highest home ownership rate, least...
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