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Old 02-06-2012, 11:07 PM   #1
.Hack
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Default Temasek To Invest in European Firms

Not another investment.
No wonder they just raised the CPF Minimum Sum.
So whats next?
More ERP gantries, increase GST, increase medical fees, increase electricity and water bill?




Singapore investment giant Temasek Holdings has said it is looking to invest in European firms owing to an "abundance of opportunities" as the region suffers an economic crisis, a report said Friday.

European firms with good operations and strong businesses outside of the region were being considered, Temasek's head of strategy Chia Song Hwee said in remarks carried by the Straits Times daily.

"In the current market environment, as you know, there are market imbalances... So there is an abundance of opportunities for us to tap," Chia -- who joined Temasek in October 2011 -- was quoted as saying in the newspaper.

"However, the most difficult part of picking up opportunities in such an environment is what is the right time, what is the right valuation for the risk-reward proposition," he added.

Chia did not mention any specific European companies or industries Temasek was casting its eye over.

The report comes as Europe is caught in the grips of a crippling debt crisis that has seen the euro tumble, unemployment soar, trade tumble and public deficits widen.

Analysts are also worried that Greece could end up leaving the eurozone while a banking crisis in Spain has stoked talk that Madrid might have to seek an international bailout.

Acquisitions in Europe would mark a departure from Temasek's recent investment activities, which focused on top banks in China and other other emerging economies.

Its European foray also flies in the face of market sentiment on the region, said Justin Harper, market strategist for IG Markets Singapore.

"They seem to be contradicting what most people are doing, a lot of people are saying get out (of Europe), if they have not done that already they've got more problems to come," he told AFP.

"That raises eyebrows from the point of view that they're going against the stream of common thinking."

But Harper said Temasek was likely to be engaging in "a bargain-hunting exercise" by snapping up cut-price shares in big European institutions who had been hit by the region's economic woes.

Temasek Holdings is one of two Singapore state investment firms and had a portfolio worth Sg$193 billion ($149.53 billion) for the financial year ended March 31, 2011.
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Old 02-06-2012, 11:50 PM   #2
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Probably going to raise the CPF withdrawal age? Now taxi driver age limit raise from 73 to 75. Imagine 75 years old still driving on the road for long hours.
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Old 02-06-2012, 11:53 PM   #3
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Probably going to raise the CPF withdrawal age? Now taxi driver age limit raise from 73 to 75. Imagine 75 years old still driving on the road for long hours.
Think they can raise the withdrawal age and minimum sum all they want.
To me, CPF $$$ is like so "unreachable" liao.
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Old 03-06-2012, 12:00 AM   #4
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Ya agree with you bro. Use the CPF $$ to pay house installment lor.
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Old 03-06-2012, 12:23 AM   #5
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Wonder why they go in at this time when euro market is down.......unless they think is buy low and sell high......knn 1 more loss we all die again.
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Old 03-06-2012, 12:25 AM   #6
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Wonder why they go in at this time when euro market is down.......unless they think is buy low and sell high......knn 1 more loss we all die again.
They already lost till jiak sai the other time.
Then recently still "donate" $4billion to other country.
So what's another few billion investment to them?
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Old 03-06-2012, 03:43 AM   #7
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Let me translate what they are saying. They are saying they are going to "probably lose a lot of our money again" (investment=gambling with our money and probably losing them; and even if they make money out of it, we ordinary citizens won't get the money/returns as it will go to them or their own use)
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Old 03-06-2012, 12:08 PM   #8
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They are willing to give out billions to other people but unwillingly helping our own ppl.
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Old 03-06-2012, 12:24 PM   #9
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Go where died where ,,,,,,,,

they only got power in singapore ....can earn here ,, but go to other ,... no power ,,,,,, . $$$ all in ,died there ........
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Old 03-06-2012, 12:24 PM   #10
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They are willing to give out billions to other people but unwillingly helping our own ppl.
Yeah, can hand out $4billions readily to other country.
Own citizens welfare and upgrading must wait long long queue.
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