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Posts tagged with "ho ching"
Analysing Temasek Holdings’ Review: Does portfolio value mean anything?
Sep. 30 | Two different headlines in the Straits Times, one day apart. (See below) Gangasudhan Temasek Holdings released its annual report on 17th September 2009 which was duly highlighted in the best possible light with a bold header of ‘Temasek Rebounds’...
Ministry of Finance replies to WSJ article
Aug. 26 | From The Wall Street Journal: Your editorial “Temasek and Transparency III” (Review & Outlook, Aug. 20) makes unfounded claims on disclosure regarding Temasek. The government takes a principled approach in what it discloses on Temasek,...
Temasek’s revised charter downplays Singapore links
Aug. 25 | From Reuters: SINGAPORE, Aug 25 (Reuters) – Singapore state investor Temasek Holdings [TEM.UL] on Tuesday issued an updated charter that described the fund as an investment firm managed on commercial principles, dropping a reference to its role...
Ho Ching named 5th most powerful – and first lady
Aug. 20 | “Forbes’ Power Women list isn’t about celebrity or popularity; it’s about influence,” says the American publishing and media company, Forbes. It names German Chancellor Angela Merkel as the Most Powerful Woman in the world, for the...
A mockery of Parliament
Aug. 20 | Leong Sze Hian / Andrew Loh Minister fails to realise the consequences of his remarks and actions in Parliament In 2005, then-Minister for Education, Mr Tharman Shanmugaratnam, was the guest of honour at a youth and media conference. The key theme was...
Did Goodyear receive a golden handshake?
Aug. 18 | It’s useful for the Government to say if we did pay him, how much it was and whether it was justified. I would be concerned if it was a huge sum of money. PAP MP Lim Biow Chuan, referring to Charles Goodyear who was formerly employed by Temasek.
“To build a democratic society”
Aug. 7 | Leong Sze Hian The foundations of a democratic society, arguably, are transparency and accountability. Can we build a democratic society when there is a lack of these ? The answer is no. Whilst Singaporeans have over the years called for the government...
Temasek’s losses – govt to raise charges to recoup losses?
Aug. 1 | We know the government well…Because of the losses, they will eventually have to raise GST (Goods and Services Tax), road gantry charges and other service levies. A retired civil servant, quoted by The Star Online, on Temasek’s losses
Who holds the sovereign wealth of this nation and why?
Jul. 30 | Sydney Morning Herald: SINGAPOREANS aren’t usually given to open criticism of the Lee family that has ruled them for half a century. Rightly or wrongly, some presume that in their tightly controlled island state, walls have ears, and one never knows...
Temasek – Murky figures and unanswered questions
Jul. 29 | Latest: “We look at this speculation sometimes with irritation and sometimes with amusement because all of it is very far away from the truth, including those sources who claimed to be familiar with the situation.” – Temasek CEO Ho...
Breaking News: $40 billion loss by Temasek Holdings
Jul. 29 | “We are certainly not happy with the negative wealth added in March last year, as well as March this year,” says Ho Ching. (See Bloomberg report below.) Read the transcripts of Ho Ching’s speech here. SINGAPORE, July 29 – Singapore state...
Ho Ching’s Temasek appointment is not decided by the Prime Minister, says High Commissioner
Jul. 28 | The following is from Times Online website: Sir, Your article (“Singapore’s Temasek scraps plan to bring in Goodyear ”, July 22) claimed that Ms Ho Ching’s “status as both head of one of Singapore’s two sovereign wealth funds and wife of the...
Are you angry yet?
Jul. 23 | Andrew Loh Temasek Holdings seems to be caught in a cycle of bad and inept decision making. In a country which brooks no failure, it is a wonder that despite the failings of the past few years, no one – at all – in the sovereign wealth fund has been...
The president, the cabinet, Ho Ching, Temasek’s Board of Directors – all got it wrong?
Jul. 23 | Andrew Loh Anyone expecting Temasek Holdings to shed further light on the departure of Mr Charles Goodyear will be disappointed. Don’t hold your breath. Despite calls for more transparency and openness in its dealings, the state sovereign wealth fund...
GIC, Temasek and transparency
Jun. 5 | Ho Ching, Chief Executive of Temasek Holdings The latest revelation by Reuters that Temasek has off-loaded its stakes in Barclays Bank, resulting in an estimated loss of more than a billion dollars, is worrying. This comes on the heels of Temasek...
Temasek is “most transparent”
Jun. 5 | Singapore’s investment firm Temasek Holdings has been ranked as the most transparent sovereign wealth fund (SWFs) in the first quarter of this year. Channel NewsAsia
Temasek may have lost 800 million pounds on Barclays – Reuters
Jun. 4 | Announcement: The Online Citizen is looking for HDB tenants (commercial and public) who are struggling with rising rentals. Also, we are looking for ‘horror stories’ (rude reception, poor service, insensitivity) from your interactions...
Temasek: Lose so much, tell so little?
May. 25 | Leong Sze Hian / Columnist In the annals of investment history, perhaps never has so much been lost in so short a time! Will Singaporeans ever forget when they woke up on May 16 to discover that – “Temasek sells BoA stake: Move in line with fund’s...
Temasek Holdings – still “long term” strategy despite huge losses?
May. 22 | Our investment thesis had changed from Merrill’s specific businesses to the more diversified BoA linkage to the broader US economy. Temasek spokesman Myrna Thomas, explainin why Temasek sold its stake in Bank of America (BoA), resulting in estimated...
In a culture of secrecy, no courage is required
May. 17 | Ravi Philemon “A Temasek spokeswoman declined Friday to comment on the price the fund sold its shares for or the timing of the sale”, reported the Associated Press. Why should the secretive Temasek Holdings reveal such sensitive information to a...
Temasek, “no regrets” for $6.8bn loss?
May. 16 | From Gerald Giam’s blog: While I believe Singaporeans accept that in all investments there will be ups and downs, Temasek and the government cannot hide behind this flimsy excuse for realising as large a loss as this. This is a national scandal! Where...
Ho Ching gets May Day award
Apr. 29 | Breaking News: World Health Organisation raises flu alert to phase 5 out of 6., signaling that a pandemic was “imminent” following the swine flu outbreak. From Channelnewsasia: Presenting the May Day Awards to 55 individuals and companies was labour...
MM Lee & Ho Ching make life difficult for PM Lee?
Mar. 20 | Life would be much easier for me if MM were not my father and Ho Ching were not my wife. But they’re there. This is the way Singapore has worked. Singaporeans have understood this is how the system works. And they’ll render judgment when elections...
GIC losses – foreign media more important than Parliament?
Mar. 16 | Leong Sze Hian The reply in parliament last month, to the question on GIC’s losses, was that it was “substantially lower” because of its more conservative lower risk portfolio. The actual loss amount was not revealed. It was only three weeks later,...
Losses but not “indisreputable”
Feb. 26 | This is not a disreputable record. The PM’s press secretary, on Temasek and the GIC’s performance
What the Temasek debacle reveals
Feb. 25 | Aloysius Foo A Temasek wrapped up in a mystery within the abyss of the Singapore economy Public displeasure should be directed correctly, for it to be effective. The recent revelation, that Temasek Holdings has lost 31 percent of its net portfolio value...
Where is the President?
Feb. 16 | Mr Nathan, as President, you must take the initiative to release the above information for the public to know. You are a very close friend of Lee Kuan Yew. But he is not your boss. You do not need to save face for them by covering up their mistakes....
Extraordinarily bad times
Feb. 15 | These are extraordinarily bad times for many Singaporeans. Littlespeck
Blog Feature: Puzzling over portfolio
Feb. 11 | Today’s Blog Feature is from The Koh Report titled, “Puzzling over portfolio”, on Temasek Holdings: Another dimension of Temasek’s achievements must also take into account its investment performance. The fact that these investments are long-term...
Looking forward to (more) Goodyear
Feb. 10 | Percevale Ho Ching has stepped down as CEO of Temasek Holdings. For over 6 years, the Prime Minister’s wife held one of Singapore’s most powerful positions. During her reign, some losses at Temasek included: - SGD 400 million-...
Memo to the Prime Minister
Feb. 9 | Re: Suggested career path for Madam Ho Ching MAY WE offer our commiseration on the news that your wife, Madam Ho Ching, will be joining the ranks of the unemployed this October. Indeed the increase in the numbers of the unemployed in Singapore is lamentable,...
