GIC, Temasek & MAS 01 (May 08 - Aug 09)

[millionairemind]

GIC's average return 5.8% over 20 yrs By LYNETTE KHOO

SINGAPORE - The Government of Singapore Investment Corporation (GIC) had achieved an average rate of return of 5.8 per cent in its portfolio over the past 20 years to March 2008 in Singapore dollar terms. This was 4.5 per cent above global inflation.

The global markets tanked about 30-45% more from March 2008 levels when STI was at 3000...

[winston]

Hmmm.... Just curious why the Statistics stopped at Mar 2008 ?

[iam802]

I guess...we can wait for an updated report that includes period March 2008 to Feb 2009.

The figures should be interesting.

[winston]

Ho Ching to step down..

[blid2def]

Ho Ching to step down..

Joke, opinion, rumour or news? I'm confused...

[millionairemind]

Confirmed.
http://www.reuters.com/article/rbssBank ... 0820090206

[blid2def]

Interesting report. Note the absence of accolades and the "leave it to you to you read between the lines" comments from Dhanabalan...

"The team has already embarked on a different stance since mid-2007, and has begun to review its long-term plans under different scenarios prompted by the economic downturn," Chairman S. Dhanabalan said at a media briefing.

"If we are to bring in new leadership, it would be just as good a time as any to involve a new leader in this review."

[iam802]

ok...lar...Goodyear stepping up.

So, more good years lor.

Seriously, does it really matters??!!

[LenaHuat]

I shudder when I think abt her next involvement, possibly education. I recalled she talked abt this some years back.

[millionairemind]

Sibei Jialat!!!

February 10, 2009, 4.41 pm (Singapore time)

Temasek's net portfolio value drops 31% in 8 mths

By EMILYN YAP

Temasek Holdings' net portfolio value fell 31 per cent from S$185 billion as of Mar 31, 2008 to S$127 billion as of Nov 30, 2008, said Lim Hwee Hua, Senior Minister of State for Finance in Parliament on Tuesday.

Nevertheless, she said that 'this is less than the corresponding declines in the MSCI (Singapore) of 44 per cent and the MSCI (Asia ex Japan) of 45 per cent, both in Singapore dollar terms over the same period'.