HA , HA !

IF SAFE HEAVEN - THEN YOU GO AND JOIN LAH ....

DO NOT BE LIKE SOME STUPID FREAK - SAY THE GRASS IS SO GOOD ON THE OHTER SIDE

BUT LATER JOI N THE PRIVATE SECTOR AND GET FAT BONUS ............................

AS MENTIONED, UP TO YOU TO JOIN EITHER SIDE LAH .....

Why are you so freaked out like - siao lang ??

If you want to join the private sector - go and join

Same with public sector

Nobody force U lah, stupid

Watch what they do,

not what they say

And then, there were 3

Temasek appoints two new presidents; move seen to ease urgency of CEO search

Ephraim Seow

ephraimseow@mediacorp.com.sg

SINGAPORE

Temasek yesterday announced that executive director Simon Israel will take on the additional role of president next month, along with former Bank of America executive Gregory Curl. They will join former Singapore Exchange chief executive Hsieh Fu Hua, who assumed the role of executive director and president at Temasek on Aug 1.

Analysts reckon that the new management structure will ease the pressure on the sovereign fund to look for a new chief executive after Mr Charles Goodyear left in July last year just months before he was to have succeeded Ms Ho to the top post.

Temasek said yesterday that Mr Israel, 57, will be in charge of the firm’s Singapore investments and oversee those in the Australia and New Zealand markets.

Mr Curl, 62, will oversee Temasek’s interests in financial services and support its strategic engagement in the Americas. Retired from Bank of America in March this year, he brings to Temasek 34 years’ experience in banking and international merger and acquisitions.

Meanwhile, Mr Hsieh, 60, will look into Temasek’s institutional and capacity building initiatives, including the company’s platform for leadership and talent development.

Temasek said the trio would help Ms Ho to build a sustainable institution that creates and delivers long-term shareholder value.

Associate Professor Mak Yuen Teen from the National University of Singapore Business School said: “I don’t think this necessarily means that the search for the CEO will stop — but it may have less urgency now, with deep bench strength at the senior management level.”

He added: “It’s possible that one of the presidents will eventually become the CEO.

The board will be able to assess their suitability and it will also allow the appointment of someone who is already familiar with the organisation.”

Another key executive joining Temasek on Sept 1 is lawyer Dilhan Pillay Sandrasegara.

He will assume the role of head of portfolio management as well as co-head of Singapore to support Mr Israel.— Singapore investment firm Temasek Holdings has moved to strengthen its management team and will have three presidents to support chief executive Ho Ching come Sept 1.

GIC planning roadshows for $4b IPO: Sources

SINGAPORE

The sources said GIC would launch the IPO at the end of the third quarter or early in the fourth quarter. Nomura has been appointed to market the IPO in Japan, they said. GIC is likely to file the IPO prospectus with the Monetary Authority of Singapore in early September, said a source.

“It’s moving fast,” the person said.

A GIC spokesperson did not respond to MediaCorp by press time.

If successful, the IPO would be the biggest in Singapore in 17 years since SingTel listed in 1993 and raised $4 billion in three tranches. It would also trump CapitaMalls Asia’s US$2 billion IPO last year.

The sources said GIC planned to list its ProLogis assets in Japan and China in addition to some of its assets in South Korea.

In 2008, GIC Real Estate bought ProLogis interests in Japan and China in a deal worth US$1.3 billion to consolidate its existing portfolio in Japan and embark on expanding its logistics property business in China, according to wire reports. ProLogis is a global distribution facilities provider with 475 million sq ft of industrial space across North America, Europe and Asia.

GIC Real Estate also bought Star Tower, a 45-storey office building in Seoul from Lone Star Funds in 2004.— GIC Real Estate, the property arm of the Government of Singapore Investment Corp, is planning global roadshows late next month for an initial public offering (IPO) of its overseas assets worth around US$3 billion ($4.06 billion), Dow Jones Newswires reported yesterday citing unnamed sources.

http://wallstreet.blogs.fortune.cnn.com/2010/08/16/china-sells-treasurys-again/ (Click for more info).

China sells Treasurys again by Colin Barr

teeth53      ( Date: 17-Aug-2010 20:57) Posted: China is for bond sales (not picking up bonds on sales), while U.S. is bond for sales (lelong, lelong). Skip stocks, scoop up bonds  4:10am: With stocks being a loose cannon, investors are turning to bonds to fill all kinds of return strategies. But here's one that's missing: high yields. More Look out below. Falling bond yields - The Buzz 10-year yield sinks to 17-month low

PUBLIC  SECTOR

FAILERS  DID  NOT  SUFFER

any  SIGNIFICANT  SET BACK

during

ASIA  FINANCIAL  CRISIS

WORLD  FINANCIAL  TSUNAMI

PUBLIC  SECTOR 

ZERO  RISK  PARADIGM

PRIVATE  SECTOR 

SUBJECT  tO

bOOm  &  bUst  CYCLE

cIvIl  servants  are  salarIed  servers.

salarIed  servers  have  nO  RiSK  Of  lOss  in  business Ownership

salarIed  servers  are  nOt  ENTREPRENEURS

pharoah88      ( Date: 16-Aug-2010 09:26) Posted: TOP  EARNERS  of  PRIVATE PRACTICE  are  BUSINESS OWNERS. BUSINESS  OWNERS  are  ENTREPRENEURS. ENTREPRENEURS  take  the  RISK  of  LOSS  in  BUSINESS. teeth53      ( Date: 16-Aug-2010 08:57) Posted: http://www.channelnewsasia.com/stories/singaporelocalnews/view/1075367/1/.html Singapore's policies not set in stone: MM Lee [ Goto page: 1, 2, 3 ] The only policy that is cast in stone. Ministers pay must be pegged to the top earners in the private sectors so is the liao Lee salary of $3 million dollars.

TOP  EARNERS  of  PRIVATE PRACTICE  are  BUSINESS OWNERS.

BUSINESS  OWNERS  are  ENTREPRENEURS.

ENTREPRENEURS  take  the  RISK  of  LOSS  in  BUSINESS.

teeth53      ( Date: 16-Aug-2010 08:57) Posted: http://www.channelnewsasia.com/stories/singaporelocalnews/view/1075367/1/.html Singapore's policies not set in stone: MM Lee [ Goto page: 1, 2, 3 ] The only policy that is cast in stone. Ministers pay must be pegged to the top earners in the private sectors so is the liao Lee salary of $3 million dollars.

Mr Lee added that Singapore's basic values - of ensuring leaders of high integrity, meritocracy, a level playing field for all citizens and English as the working language - have laid the foundation of Singapore's success.

He said: "People get to where they are on merit - not nepotism, not corruption. Hence, all are capable and competent. No policy is skewed as a result of personal benefit or profits.

We have been rated as the cleanest government in Asia, and amongst the first three cleanest in the world. "Third, we have a level playing field for all citizens. No one is disadvantaged by our national policies whatever their race, language or religion.

teeth53 - Then how come still in. What is happening in Temasick Holdings ?, esp his daugther-in-law.
what is so meritocracy ?.

This not skewed, then what ?.

teeth53      ( Date: 16-Aug-2010 08:57) Posted: http://www.channelnewsasia.com/stories/singaporelocalnews/view/1075367/1/.html Singapore's policies not set in stone: MM Lee [ Goto page: 1, 2, 3 ] The only policy that is cast in stone. Ministers pay must be pegged to the top earners in the private sectors so is the liao Lee salary of $3 million dollars.