Why did PAP invite new citizen Manu Sawhney to steal our lunch?
To PAP, born and bred Singaporeans are no longer talented and this has resulted in various government/government-related organisations employing foreigners/new citizens to top management positions. One such new citizen invited to steal our lunch is Manu Sawhney, a former Indian national who became Singapore Sports Hub (SSH)...
LKY talked cock on UBS/ Ang mohs that really invest for long term
GIC’s sale of at a loss of part of its stake in UBS reminded me that one Harry Lee boasted that S’pore was even more long term than Buffett: it had a 30 yr horizon. Well he said that in 2007 or 2008 after GIC bot UBS and Citi and Temask bot Barclays (sold) amd Merrill Lynch (disappeared), so it turns out he was talking cock:...
No massive CPF investment losses but GIC cannot be transparent?
Hundreds/thousands of transactions annually but GIC has preferred to keep information which belongs in the public domain private. Any government which conceals such information from the people does it to prevent embarrassment. Fact: Over more than 3 decades, GIC’s realized and unrealized losses amount to tens of billions...
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