Another Opt-In ?

The insurance can become annuity later or not?

They got so many problem children other than this one….Shin Corp, Citigroup, ABC, etc.

I wonder what kind of dysfuntional parent Temasek is? Think better for them to be orphans than to have this kind of lousy parent.

It has nothing to do with the company, its the decision makers that need a make over!

your guess is as good as mine :)

But they give jobs to Singaporeans. Can’t always bash the government guys.

Some of the things the government did is good for Singapore citizens. Chartered gives job to singaporeans. If it was to go, have you thought of the jobless. The earlier reviews did not think of that.

uhm..not at such a huge loss. the jobs given = the loss suffered by taxpayers. in other words, still lose.

i am more interested in the other childs of TH, such as ABC, Shin Corp, UBS, ML, citibank….i doubt these give jobs to Singaporeans, and the losses suffered by all of these children will make the losses suffered by Chartered seem like PEANUTS. literally.

To Ghim Moh Resident:

A1 type gahmen investment = profitable company that creates many jobs for locals.

F9 type gahmen investment = investments that loses entire capital invested that does not create jobs for locals. (eg Shin Corp, ABC Learning)

F8 type gahmen investment = traumatic loss making company that creates some jobs for locals. (eg Chartered.)

Have we been paying for an A1 (Division 1) or F8/F9 gahmen?

But this topic is about Chartered Semi-conductor. If this company is to go down, many Singaporeans is going to be affected. Shareholders of this company will get little or nothing back. Its really easier said than done. Its still the world 3rd largest chip maker.

To me, pls prove for Chartered “the jobs given = the loss suffered by taxpayers”. This is still a public listed company and therefore shareholders bear losses too. I do know about Temasek other investments which has gone sour as mentioned in public but still this topic is about Chartered Semi-Conductor, a local company.

To fly, its F8 from your point of view. Still easier said than done for this local company. This company has been making losses for a few years already, not just now. Pls prove also that we citizens are still paying now for this loss making company when it is still a public listed company.

To Ghim Moh Resident

Do reread your post on message 4 & 5.

Your contention is that as long as jobs are created, we shouldnt bash the gahmen.

I pointed that that is not true in post 7.

Thank you, but I shall not get embroiled in your attempt to change the subject to prove your hypothesis.

Perhaps some other reader would bother to amuse you.
Perhaps some other posters would like to continue

[i]Chartered is the world’s third-largest foundry chipmaker. … Analysts estimate that Chartered will lose money until at least 2010[/i]

let me give you peeps an insight on this problem child….
first and formost
nobody can beat samsung
not even sony inc
when samsung manufactured chips
they are prepared to LOSS
which is how/why
the ic chips market crashed
samsung first targets was the fellow koreans
hunydai/watever korean names you can think of..
park/kim/lees……..
it under cut the chip to 40 cents
when the production costs was around 65 cents or something liked that
hunydai was the first to shutdown
followed by hitachi (charter inc did have a share with that)
so our prince the prime minister comes out with PlanB
he want the semiconductors industries to have a ZERO gst tax rate
in order to compete with the world giants
you know
i know why he wants that special priviledges to be effective
simply because
his wife run charter inc…
off course
we can’t do that right?
simwonghoo can also demand the same privileges what…
so in the end?
how to compete with samsung inc?
now you all know
why the computers rams are dirt cheap
far cheaper than a kitkat….

To fly, you didn’t answer my question ” Pls prove also that we citizens are still paying now for this loss making company when it is still a public listed company “.

Relax man, such stuff always happens on blogs. We are always entitled to give different views.

But what kinds of jobs are created?
for who?

what logic is this – keep losing millions to save Spore jobs? Is this too expensive a method to keep Sporeans employed? like cutting off the nose to spite the face?
Where does this listed company gets its money from to keep up the millions lost? out of the thin air?
To create high paying jobs for high fliers to keep losing money obviously incapable of turning around the ship? or blame global conditions for the losses?

To Potong Pasir resident, then who is capable of turning around the ship? Isn’t Citi, GM etc all run by private indivduals and look where they end up. Its isn’t so simple. Just who is capable enough, who has the answers?

hi ghim moh resident, where does the TH’s funds come from? as simple as that. the money lost via investing by TH is the same money that the funds came from, so as long as you can figure out where the money comes from, i am sure you can easily figure out what i trying to say.

like capitaland when economic not good will they reduce rent for retailers?

i guess not.

not even maintain existing rent.

and still wish to increase.

so how can consumers benefit when retailers cannot sell their products cheaper?

its like when times are bad will Chartered try to maintained salary of staff.

i guess not.

it will still want to cut pay.

so how are people going to spend more also.

so in good or bad times, those who will benefit the most and suffer the least will still be the very rich major shareholders and rich minsters.

we as small citizen hai……………

but what can WE do ?

maybe next life must be a minster or ceo.

not be dog and cat again.

In time to come all singaporeans will be made bankrupt soon and the only people who will benefit from it will be those elites themselves. Maybe, this is what they want so as to keep them in power forever.

16) me on January 2nd, 2009 10.59 pm hi ghim moh resident, where does the TH’s funds come from? as simple as that. the money lost via investing by TH is the same money that the funds came from, so as long as you can figure out where the money comes from, i am sure you can easily figure out what i trying to say

I do know where the money come from, most people know. Chartered Semi Conductor is a company that is set up many years ago and had an IPO in 1999. We should be proud of this Singapore company especially now when it needs the support of its own citizens. This is not about a debate on Citibank, Merrill Lynch, Shin Corp etc remember. These can left to another day or have already been debated before. In any case, the democratic US government did not prevent US citizens from bailing out these failed institutions, wasting tax payers money, causing investors to lose money over Madoff ponzi scheme. GM, Ford, Citibank, Fannie Mae were proud US companies and the US government want to save these companies because failing is unthinkable. Does that apply too to chartered semiconductor?

Thats the reality, why was the Singapore government so much being blamed on Chartered Semi Conductor woes? I see that as an easy way out, an easy answer to the battered chip industry. Have you thought how employees of this company would feel if they see this discussion. I hope the employees, the government and the unions will work hard together to see that this company overcome this crisis.

14) Potong Pasir resident on January 2nd, 2009 10.39 pm what logic is this – keep losing millions to save Spore jobs? Is this too expensive a method to keep Sporeans employed? like cutting off the nose to spite the face?
Where does this listed company gets its money from to keep up the millions lost? out of the thin air?
To create high paying jobs for high fliers to keep losing money obviously incapable of turning around the ship? or blame global conditions for the losses?

I mentioned my point above. If the US government was to run our country, do you think they will do the same to Chartered Semi Conductor as they had done to their own US companies like Citibank? I bet they will. Concessions were made by the companies that receive the US bailout, I hope the same applies to Chartered Semi-conductor too. I really hope to see Chartered one day over take the Taiwanese semi conductor companies. We have shown we can do it in this little red dot.

I want to add that by putting your name as Potong Pasir resident seems to imply something.

20) tiredsingaporean on January 3rd, 2009 1.11 am In time to come all singaporeans will be made bankrupt soon and the only people who will benefit from it will be those elites themselves. Maybe, this is what they want so as to keep them in power forever

This website has so many anti government discussion which I agree some veiw and don’t agree some. It is such an interesting website and an eye opener for me. In the end, i feel its a tough world, there is no such thing as a free lunch, everyday is a survival, rely on yourself and not the government, care for the people around you.

As suzie orman likes to say at the end of her show in CNBC: People first, then money then things. You will feel happy if you allow her advice.

By the way, I put that nick because I have lived in Ghim Moh all my life and I am proud of this estate. Love it.

#22) Ghim Moh resident on January 3rd, 2009 2.11 am

Maybe you should ask your elite TC Coordinating Chairman on his TC funds were invested in this problem child Chartered. But then again I guess he’ll probably ask you to go read the annual reports and figure it out yourself. And after that he’ll most likely raise your S&C charges as and when he feels like.

Fankly, I don’t think its about giving jobs to Singaporeans.

I think its more about losing money in BIG TIME investments, just imagine if we had a wish list of all the investments that have gone bad ?

What lessons can we draw from them ? Nothing at this point of time because we have no ACTUAL visibility of them.

With losses, logical thinking tells us somethings gots to give, and where is this SOMETHING gonna come from ? The GOVT? but where do they get their money from ? ?

Its not about JOBS, its about the quality of life Singaporeans have at the end of the day.

So much has been said about transparency.

Would the government publish figures covering investments made by Temasek over the last say, 15 years on this basis:

[1] month/year of purchase [2] name of company [3] amount paid [4] present market value [5] total dividends received to date [6] if divested/sold, capital recovered/[lost] [7] amount of write-off if applicable [8] net paper gain/[loss] [9] actual net gain/[loss].

25) WKC on January 3rd, 2009 9.19 pm
Would the government publish figures covering investments made by Temasek over the last say, 15 years on this basis:

You think they will? or should I say if they dare to furnish the full details then probably they would be thrown out of the parliament by the people. With those already surfaced has already made losts by the billions, what about those still hidden from the people?

Hi folks,

There is nothing hidden from the people as the silence is rather deafening and the answers are obvious when you get no REAL answers.

The more they do not want to engage, the more is gonna lead to Singaporeans being skeptical.

I guess, the dinosaur is so used to living in the past that the internet world is gonna make them extinct

Easy money come, easy money go, simple as that !

Holly Shit !

Re #28

“Easy money come, easy money go, simple as that !”

This may not be true. This is something for the government to tell us.