Government determined to increase population to 7 mil in 2030.

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GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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(28-03-2013, 09:01 AM)egghead Wrote: This is a restructuring of HDB. If I understand it correctly, previously HDB was involved in the construction of flats; whereas the restructuring removed that part of the HDB so that construction is outsourced to private enterprises. This is not the same as privatizing HDB.

I suppose the word privatize is used loosely. E.g. a privatization of a public listed entity means that it becomes the asset of a few private investor; whereas when you said privatization you likely meant corporatization.

From Investopedia:

Privatization: The transfer of ownership of property or businesses from a government to a privately owned entity.

Corporatization: The act of reorganizing the structure of government owned entity into a legal entity with the corporate structure found in publicly trade companies.

Hmm...Corporatization seems the better term.
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"'HDB Corporation Pte Ltd' will be set up.  The HDB Corp will  be  a fully-owned subsidiary of HDB"

The wording is not vague and it is a transfer from stat board to an entity under companies act. I am agreeable to both nomenclature. The other way to look at it is Corporatisation does not need to involve being a Pte Ltd

Nonetheless I digress from my main issue.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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(28-03-2013, 09:34 AM)cfa Wrote: GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?

IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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(28-03-2013, 01:38 PM)specuvestor Wrote:
(28-03-2013, 09:34 AM)cfa Wrote: GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?

IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.

What is IIRC stands for ? Thanks.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Reply
(28-03-2013, 01:38 PM)specuvestor Wrote:
(28-03-2013, 09:34 AM)cfa Wrote: GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?

IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.

Am I right to say that gain in Chinese investments is only on paper since they are no yet realised, but the $40B loss in US is REAL money loss?
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(28-03-2013, 03:17 PM)cfa Wrote:
(28-03-2013, 01:38 PM)specuvestor Wrote:
(28-03-2013, 09:34 AM)cfa Wrote: GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?

IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.

What is IIRC stands for ? Thanks.

IIRC = If I Remember Correctly Big Grin

May i suggest a sticky thread for common acronym ?
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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(28-03-2013, 03:30 PM)zhangwuji Wrote: Am I right to say that gain in Chinese investments is only on paper since they are no yet realised, but the $40B loss in US is REAL money loss?

From an asset manager's POV, how meaningful is this?
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(28-03-2013, 03:35 PM)CityFarmer Wrote:
(28-03-2013, 03:17 PM)cfa Wrote:
(28-03-2013, 01:38 PM)specuvestor Wrote:
(28-03-2013, 09:34 AM)cfa Wrote: GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?

IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.

What is IIRC stands for ? Thanks.

IIRC = If I Remember Correctly Big Grin

May i suggest a sticky thread for common acronym ?

Thanks Cityfarmer, I am learning new thing everyday.Smile
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Reply
(28-03-2013, 03:30 PM)zhangwuji Wrote:
(28-03-2013, 01:38 PM)specuvestor Wrote:
(28-03-2013, 09:34 AM)cfa Wrote: GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?

IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.

Am I right to say that gain in Chinese investments is only on paper since they are no yet realised, but the $40B loss in US is REAL money loss?

IIRC they used most of their money made from Chinese banks to plow into US/ EU banks

Sorry a lot of things I posted is based on my memory, actual figure may not be exactly right but the right idea is there Smile CityFarmer most likely can concur Big Grin
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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