Why is CPF Members the major shareholders of GIC, not the Singapore Government?
#11
AUSTRALIA : Top performing balanced funds over 10 years (to 30 June 2019)
Fund and option Return over 10 years (% per year)

AustralianSuper – Balanced 9.8%
Hostplus – Balanced* 9.7%
UniSuper Accum (1) – Balanced 9.6%
Cbus – Growth (Cbus MySuper)* 9.4%
CareSuper – Balanced 9.3%
QSuper – Balanced 9.3%
Mercy Super – MySuper Balanced 9.2%
Rest – Core Strategy 9.2%
VicSuper FutureSaver – Growth (MySuper) Option 9.1%
TelstraSuper Corp Plus – Balanced 9.1%


Source: SuperRatings. Returns are net of investment fees, tax and implicit asset-based administration fees. *Interim return.
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#12
Depositors are the major shareholders of UOB, OCBC, and DBS also Big Grin
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#13
12-11-2019 8:46 AM
maipenrai said:
Depositors are the major shareholders of UOB, OCBC, and DBS also Big Grin
Really?

Have you taken the wrong medication this morning?
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#14
12-11-2019 6:00 AM
sgbuffett said:
I am dismayed my savings are forced to be loaned to GIC without my consent.

I really want this to stop.

anyone who knows how a ponzi scheme works, will tell you, this is some kinda enforced low payout ponzi scheme.

you just have to pray everyday that they won't lose all your money.

and if they do lose, as the govt, they will enforce new taxes, raise existing ones, to patch up the losses. we are their "oil reserves" and also their ATM machine.
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#15
12-11-2019 9:33 AM
Alice Alicia said:
anyone who knows how a ponzi scheme works, will tell you, this is some kinda enforced low payout ponzi scheme.

you just have to pray everyday that they won't lose all your money.

and if they do lose, as the govt, they will enforce new taxes, raise existing ones, to patch up the losses. we are their "oil reserves" and also their ATM machine.

IF Singapore govt has no money to repay, then, NTUC supermarket will issue weekly food vouchers inplace of CPF cash withdrawals.

PUB will partially off-set electricity bills.
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#16
All along, Singapore government had never disclosed the full assets that GIC managed. The figure out there was just guesstimate.

GIC manages the Government’s assets. We have publicly stated that it manages well over US$100 billion of assets. However, revealing the exact amount would, taken together with the published assets of MAS and Temasek, expose the full size of Singapore’s financial reserves.

This is against our national interest. It would make it easier for speculators to attack the Singapore dollar during periods of vulnerability. Further, our reserves are a strategic asset, especially for a small country with no natural resources or other assets. It would be unwise to reveal the exact amount at our disposal for defending our currency, or for use in an emergency.


Read more - > https://www.mof.gov.sg/Newsroom/Forum-Re...-long-term

It could be bigger than thought.

" Although we don’t know how big GIC is, it is certainly big. For example, it is one of the largest real estate managers in the world, despite the fact that real estate should only represent 8% to 13% of the portfolio – and that makes it difficult to keep allocations in some asset classes as high as GIC would like them to be. So, for example, on March 31, 2018, the allocation to real estate stood at 7%, below the intended range, while nominal bonds and cash stood at 37%, above the intended ceiling.

(InRev, a European association for investors in non-listed real estate vehicles, publishes an annual ranking of property holdings at investment managers, based on public information, which is why GIC isn’t in the ranking. Making the top 10 of that list required about $60 billion in real estate assets as of the end of 2017. If GIC were to be at that level and $60 billion represented 7% of the portfolio, GIC would have $857 billion under management and be among the biggest funds in the world. But this is nothing more than educated guesswork. The Sovereign Wealth Center research group puts the group AuM figure at $398 billion.)


Read more ->https://www.euromoney.com/article/b1f9hf...apores-gic
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#17
Even Professor Tommy Koh query, " is Amaravati sick, very sick or dying?"
Shows the amount involved must be extremely huge as the area in Andhra Pradesh is 10X the size of Singapore.

Furthermore, the total Singapore commitment was S$ 10 000 000 000. And the first S$ 1 000 000 000 was disbursed by Temasek in 2014 and subsequently, follows one bn per year.

AP govt is very hungry so S$ 5 bn just nicely fit in.
You think the Indians are morons like Singaporeansè?
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#18
Why is GIC a peanut without our CPF savings?
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#19
12-11-2019 9:33 AM
Alice Alicia said:
anyone who knows how a ponzi scheme works, will tell you, this is some kinda enforced low payout ponzi scheme.

you just have to pray everyday that they won't lose all your money.

and if they do lose, as the govt, they will enforce new taxes, raise existing ones, to patch up the losses. we are their "oil reserves" and also their ATM machine.

maybe he is a pay ip. to shape our belief thru paranormal story.Laughing
Citizen Power Game for Citizens to work together to Build a New Social System.

https://www.tapatalk.com/groups/singapor...apore-f24/
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#20
12-11-2019 1:32 AM
sukhoi35 said:
Why is CPF members the major shareholders of GIC, not the Singapore Govt?

As reported, GIC assets of S$ 440 bn under management ranked 6th World's Largest SWF.

IF CPF members were to take S$ 287 bn and MAS takes S$ 45 bn FX reserves away from GIC, instantly, GIC ranking drops 14 notches from 6th to 20th position in the world.

Clearly, CPF members are the major shareholders of GIC.

12-11-2019 8:46 AM
maipenrai said:
Depositors are the major shareholders of UOB, OCBC, and DBS also Big Grin

12-11-2019 8:49 AM
sukhoi35 said:
Really?

Have you taken the wrong medication this morning?

But you said Clearly, CPF members are the major shareholders of GIC.
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