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Las Vegas Sands signals it may not survive downtur
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knightbridge
Veteran |
12-Nov-2008 00:31
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What the objective of SWF fund in Singapore? To invest and made alot alot money to do what, so that figure look very good on a piece of paper that we have strong reserve. Our forefather cannot use, we cannot use in time of crisis, our next generation cannot use as it is preserve for the next next generation. So when can we use the SWF. Good times cannot use SWF, bad times also cannot use SWF. So when is the right time to use SWF. We can never never use the SWF as we dun know when the next crisis will come. (So i really dun understand why must we keep SWF, when no one can ever use it) Should have a condition in the event of a crisis, we can use a certain % of the SWF. When crisis over, we top-up with the increase % on the surplus we have. |
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Andrew
Master |
11-Nov-2008 23:23
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SWF is traditionally lossy in nature. There are plenty of example from Malaysia to MiddleEast to China. While the fund is made from blood and sweat, yes, our forebear toil and sweat to build up. It can be spent in weeks !!! When currency trader attack Thailand in 98, their foreign reserve is finished in 3 weeks....Indonesia 2 weeks !!! Korea too and Korea again ?? Probably garments are thinking that if fund is parked, it will become stale.....
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knightbridge
Veteran |
11-Nov-2008 22:06
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Investment is always full of pit holes, no one make perfect 10 out of 10. Just make sure u have 1 or 2 star winner out of the 10 will make overall good gain. If temasek can perform like WB, we will have free healthcare, free education and free water and electricity. Temasek should beg WB to come singapore and help us manage the fund when it comes to overseas investing. |
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teeth53
Supreme |
11-Nov-2008 21:55
Yells: "don't learn through life, learn to grow with life " |
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To save us, go get JP Morgan man we 1 2 be as chief, but I has my doubtl, here biggieesss on board is too proud to be dis-engage, always dreaming for a few more S$bil...by hang on to new way of doing business, like those Angmo, by the way any JP man coming...?.
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louis_leecs
Elite |
11-Nov-2008 21:51
Yells: "half cash" |
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i think singapore government will step in before SAND casino official openning,,,,,,,,,,,,either capitaland( they have money 40bill and still collect more bullet before they announce interest bec alot uncertain now amd still have plenty of time to wait,,,,,wat for waste bullet now joint in),,,,,,,,,,,or termaseh( they sell power station to foreigher and with plenty of multi billion money to bxxx out ,,,not buy because bxxx out no need use too many money,,,,,wat for buyso they jus buy like ubs ,,,,ml,,,,,,,ah moh come and bet for money and termaseh become hero,,,,,,,,,,,,,,,,,,so watch out this story may be become true at akan datang news,,,,,,,,,,,,,,hope tis may be not a dream,,,,,,,,,,,is a singapoorean dream | ||||
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dcang84
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11-Nov-2008 21:44
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Well said..
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teeth53
Supreme |
11-Nov-2008 21:36
Yells: "don't learn through life, learn to grow with life " |
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Go ask JP morgan to teach them how to buy, how to invest...go JP maogan way.....Ya. Gen't sand good target within our control, still can make it if ah kong got powerful money available, look like Capland is the....selling away a few warehouse (Reits) and there is one talented guy called for calling up...he is formerly OUB bank chief and also ST Eng...chief. But he is only just one...!! Nothing mush he cab do as compare to those biggiesssss on board.
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learningtheropes
Member |
11-Nov-2008 21:29
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Umm I think the US is 700B USD but China is 877B SGD NOT 877B USD..
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teeth53
Supreme |
11-Nov-2008 21:21
Yells: "don't learn through life, learn to grow with life " |
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it is definate not lack of opposition, definately lack in cow sense,,, err....commom sense when Bearstrean announced it arrival and when our ah kong move in in a hurry to top up their credit Citi, UBS ML Barleys...Singapore style...kia soooo, (Why don't there top up our retirment a/c and credit all our Ex NS fellows, that will over nite solve all our retirement problem liao). so b prepare for long, long, very long term, very , very long trem investment. Even now Arab oil money is into trouble now as oil px fall and fall....satge four... What next...?. YA. look to OBAMA lohh...US700B and China US877B, all very serious about how to stop this Sub-prime from collapse. what can Sing..do with a few a hundred Bil or two, losses a few $Bil here and lossing a few S$Bil there, got money ...talk big ONLY, some said got chances must invest somemore, all this companies IS NOT control, there r control by ANGMO
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learningtheropes
Member |
11-Nov-2008 21:10
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ya this koo koo bank robber go rob the bank near my house w/o gun nor knife..the police there not scared of his unconvincing story. He should disguise himself as Mas Salamat 1st before saying he got bomb then more convincing, then mayb noone 'll dare to stop him..haha
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teeth53
Supreme |
11-Nov-2008 21:00
Yells: "don't learn through life, learn to grow with life " |
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Made me just wondering why soooooo quite this day when he or she speak on the rostrum and yet sleeping on those job making many million of $dollars. err.. losess ot profit, Sub-prime fianaical crisis is still in stage four. ::(( ...got money, money talk..very easy, no money... no talk
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SmartBear
Member |
11-Nov-2008 16:53
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the problem is we do not have any opposition in singapore. or rather they are not given the chance to make any real impact... for those who say "we are a lot better then other countries, why rock the boat?" i say "look at hong kong.." |
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knightrider
Elite |
11-Nov-2008 16:19
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Hey ! thank you ! Don't mention, I just don't want all to get into any unnecessary law suit. Take care and good luck !
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knightrider
Elite |
11-Nov-2008 16:16
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Aha, life is a movie or dream or drama and also a gamble, this show that they also bet on the wrong horse lor. Can anyone imagine Town council collects all the funds also invested in don't know what "Lehman Sister" or "Lehman Brother" "oo7 James Bond". You see, they also try their luck. So blame it on their greed ! Greed is good, beri beri good, yes indeed beri Good ! Don't know this Town council could be consider as "vunarable group of investor " or not leh ? | ||||
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elfinchilde
Elite |
11-Nov-2008 16:13
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i quote my news source as the Straits Times. Pg A6 of Prime News, today's issue. 
tomasay.  inventive, knightrider. 
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knightbridge
Veteran |
11-Nov-2008 16:10
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Cannot imagine they are still getting bonus for the kind of work. Maybe can use ABC learning shares as bonus for them. Haha To tell them what kind of investment they are making. |
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knightrider
Elite |
11-Nov-2008 16:07
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There is this Tomasay-in-charge, who make decision to invest in Australia and lost $400m in australia what abc or xyz learning school ! Another long long long term investment ! Don't laugh, this is a long..................................................................................long term investment ! Ha ! Ha ! Ha ! that guy take S$$$ and laught all the way to A$$$$ and run liao. Now Tomasay group become Tomoto group ! Hee ! Hee ! So don't spell the full group's name - wait they real desperate, they sue you for a few S$k also happy. The group is call Tomasay ! Ok ! |
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dcang84
Veteran |
11-Nov-2008 16:06
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As long as Sands remain viable as a going concern (no chapter 11), the IR @ Marina is safe. Howevet, if they do go bust, we'll have a big mess and the ripple effect is unthinkable. Stay nimble. | ||||
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elfinchilde
Elite |
11-Nov-2008 16:05
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agree with smartbear. it's the people's money they're playing with--OUR money. Same with GIC. notice how after they lost money in MS and all, they are just oh-so-quiet? whatever happened to accountability? How much of their so-called profit is in fact income from our CPF and all--steady revenue--rather than investment profits? A$400mil was invested in the ABC childcare centre in aussieland. Temasek bought at about $7.30. Before suspension, the shares were trading at 54c. how much of our money was lost? You go do the maths. As for ML investment: let's face it: temasek was only lucky that BoA bought them out. GIC wasn't so lucky with its stake in MS. And this is just it: why are we paying our scholars so much, that we "peg their salaries to the highest CEO pay package so as to be competitive"---yet CEOs can be fired, but scholars, never? Even CEOs have performance reviews. 1.9mil is the ministerial salary. up from previous years' 1.2mil. I say if we're paying them so much, then we have the full right as citizens to question if we're getting our money's worth. No more such thing as "we have made an honest mistake, let's close ranks and move on." If market practice is to be competitive, then i say, we pay each of them exactly what he/she is worth. Fairly, based on their actual work and results. And not a one-salary-fits-all. Long term investments should be by design, not default. |
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AK_Francis
Supreme |
11-Nov-2008 16:05
Yells: "Happy go lucky, cheers." |
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Foreign talents is the word. Can't challenge liao.
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