GIC claims it “recoups†most of its losses,no actual figures
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how can it be possible?
if they have invested say US$50billion
begining this year - 1 US$ = S$1.65
today - 1 US$=S$1.31
They lost S$17billion in exchange
it only paper lost to them
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If they make $, our taxes go down; if they lose $, our taxes go up. Why is GIC not a listed company? With so much $ in their management, they can easily IPO....why they dun do it?
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As a corporate company, they no need to account for actual losses and profits to shareholders de meh?
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If I'm not wrong, company audits are not compulsory, is it true?
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wah seh, you all best la
Lose money kao peh kao bu
Win money then say something is wrong
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Originally posted by Demon Bane:
If I'm not wrong, company audits are not compulsory, is it true?
it is compulsory if you are public listed and more so, if you are so called an International standard organisation. Because if you dun audit by a third party, people may not want to do business with you. But on the other hand, auditors can be corrupted, after all, they are humans, and humans as seen and proven many times, are greedy by nature.Govt paid an audit firm who operate it business in singapore to audit the govt check and balance...any simple man will know that the audit is going to be massaged in a way to suit the govt.
Whatever govt financial results are, gain or lost is man make, and anything that is man made is not natural, lost or gain will depends on how much they want to take from you, if lost, they want to pay more to recoup, if gain, they said singapore very good, all making money now, so rise costs...same same...but different ways
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who will believe the spore gov now?
even a 10 year old kid also find it hard to believe!
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But it is unbelieveable that they are still able to hold control of peoples who dun believe in them. It is a very weird case here in singapore, in my native taiwan, long long get stoned by peoples liao, most resigned and run for life
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Originally posted by eagle:
wah seh, you all best la
Lose money kao peh kao bu
Win money then say something is wrong
they win money, we got no share
they lost money, we pay higher tax, hdb flats.......
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Originally posted by seyKai:
they win money, we got no share
they lost money, we pay higher tax, hdb flats.......
I thought tax reduced?
And I thought we had growth dividends?
Singapore is a land of opportunities. Just whether we are there to find it.
My views really changed when I see that fren of mine, armed with an ITE cert, running his annual 600k turnover business. -
mebbe sporens hope it will get better next time..........if it was me i would stand outside at istana and show my preence n disapproval.....n walk away when policemen start to point n move arms here n there...all this at gunshot distance.which was what i did every week.
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Originally posted by eagle:
I thought tax reduced?
And I thought we had growth dividends?
Singapore is a land of opportunities. Just whether we are there to find it.
My views really changed when I see that fren of mine, armed with an ITE cert, running his annual 600k turnover business.
u mean company tax or GST?hoping to join your friend to start or run a company? dun envy, do it!
education is not the yard stick to measure success.
me 1 friend with sec 2 education driving 350 benz and own few properties
600K turnover is no big deal
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politic are just like religion, that are base on faith and emotion, it is not base on facts and figures.
that grandpa talk n talk to the public to gain support and power, then he started to build houses and the economic.
what he is doing in the pass i also know how to do but i am only interested to go to the beach and play guitar only, lol
oops, sorry, i talk rubbish again, lol
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Originally posted by seyKai:
u mean company tax or GST?hoping to join your friend to start or run a company? dun envy, do it!
education is not the yard stick to measure success.
me 1 friend with sec 2 education driving 350 benz and own few properties
600K turnover is no big deal
Agreed. The interesting thing is that the friend at age 29 is only 2 years older than me.
I'm not envying. In fact, I have planned my path and set my goals for the next 3 years. ;)
No worries.