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UBS Hit with multibillion lawsuit = Sg $ gone ?

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  • UBS Hit with multibillion lawsuit = Sg $ gone ?

    http://money.cnn.com/2008/07/24/mark...ties/index.htm


    Since Our gahment invested heavily into UBS with our 'cpf'.... so if lawsuit lose then hw?
    *****************************
    A bad day of fishing is still better than a good day at the office.


    Just me and my NT...

  • #2
    then they will come up with a GST hike lor..someone gotta pay e lost mah.. Since Temasek bought big pie of UBS. Same as e Suzhou investment years ago, a bleeding project from e start, think Temasek lost few Billion. Bad Debt liao..write off lor..
    "夫君子之行:静以修身,俭以养德;非淡泊无以明志,非宁静无以致远。" - 诸葛亮

    One should seek serenity to cultivate the body, thriftiness to cultivate the morals. Seeking fame and wealth will not lead to noble ideal. Only by seeking serenity will one reach far. - Zhugeliang

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    • #3
      hai..bo bian de...either more erp gantries or gst increase or ciggie prices or liquor prices..aiyo....income tax mayb...
      Courage is what it takes to stand up and speak

      Courage is also what it takes to sit down and listen

      Quoted from Sir Winston Churchill

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      • #4
        Already confirm got $$$ gone...
        http://www.littlespeck.com/content/e...omy-080724.htm

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        • #5
          oh dear....hope not too bad or else alot of things and taxes going to increase liao....Gosh..everything goes up but not salary...
          Courage is what it takes to stand up and speak

          Courage is also what it takes to sit down and listen

          Quoted from Sir Winston Churchill

          Comment


          • #6
            Originally posted by Nooch View Post
            then they will come up with a GST hike lor..someone gotta pay e lost mah.. Since Temasek bought big pie of UBS. Same as e Suzhou investment years ago, a bleeding project from e start, think Temasek lost few Billion. Bad Debt liao..write off lor..
            i think write off alot leow... only knwo how to make local's $$ with those GLC... competing wiht local co for rice bowl... tht day friend were saying sometimes is a mistake for GLC to own so many co in sg and compete with the rest of private sector, cos money just dont go around... jst look at other 1st world.. they dont hv co like keppeland, capitaland, mapletree etc ( jst to name prop sector nia )... to compete with private developer ...

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            • #7
              hahaha..true...GLC have their fingers in every sectors that make money..hahaha....
              Courage is what it takes to stand up and speak

              Courage is also what it takes to sit down and listen

              Quoted from Sir Winston Churchill

              Comment


              • #8
                no matter what gahmen still make money..

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                • #9
                  yeah..they make money from locals to lose to others in a moment..hai....i juz wish they dun invest the reserves and give us locals some rebates or incentives if got surplus...better mah..afterall it is all our money mah...
                  Courage is what it takes to stand up and speak

                  Courage is also what it takes to sit down and listen

                  Quoted from Sir Winston Churchill

                  Comment


                  • #10
                    Originally posted by feilong108 View Post
                    yeah..they make money from locals to lose to others in a moment..hai....i juz wish they dun invest the reserves and give us locals some rebates or incentives if got surplus...better mah..afterall it is all our money mah...
                    grandpa will say... we cannot depend on these growth dividends or gst rebates..or something like that la..

                    Comment


                    • #11
                      Originally posted by Nooch View Post
                      then they will come up with a GST hike lor..someone gotta pay e lost mah.. Since Temasek bought big pie of UBS. Same as e Suzhou investment years ago, a bleeding project from e start, think Temasek lost few Billion. Bad Debt liao..write off lor..
                      yah lor..incrase gst to help the poo lor..gst increased for a year liao but any plans to help the poor? no news liao..silly garment..

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                      • #12
                        Originally posted by pet View Post
                        i think write off alot leow... only knwo how to make local's $$ with those GLC... competing wiht local co for rice bowl... tht day friend were saying sometimes is a mistake for GLC to own so many co in sg and compete with the rest of private sector, cos money just dont go around... jst look at other 1st world.. they dont hv co like keppeland, capitaland, mapletree etc ( jst to name prop sector nia )... to compete with private developer ...
                        Other 1st world have true democracy lor..look at us? Autocratic state. Everything also they wan to get involve, my fren workin in a small publishing firm then SPH bought over he say never e same, everything he write must be vetted by his boss, he was told tat it was to ensure accuracy, I say BS lor..it is to ensure anyone never write negative abt garment. Here is 1st world country, 3rd world pay. I see e ppl in white dancing Hip-Hop i feel disgusted. Alamak if I got million dollar wage i also can dance lor..
                        "夫君子之行:静以修身,俭以养德;非淡泊无以明志,非宁静无以致远。" - 诸葛亮

                        One should seek serenity to cultivate the body, thriftiness to cultivate the morals. Seeking fame and wealth will not lead to noble ideal. Only by seeking serenity will one reach far. - Zhugeliang

                        Comment


                        • #13
                          growth dividend and gst rebates?

                          do they help?

                          Originally posted by icecream View Post
                          grandpa will say... we cannot depend on these growth dividends or gst rebates..or something like that la..
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                          • #14
                            the above mentioned is a temp measure to help the less fortunate in delaying the effect. ie: give them some cushion against the price hike.
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                            • #15
                              Our money??? I never think those are our money already loh.... my money is in my bank....

                              Originally posted by feilong108 View Post
                              yeah..they make money from locals to lose to others in a moment..hai....i juz wish they dun invest the reserves and give us locals some rebates or incentives if got surplus...better mah..afterall it is all our money mah...

                              Comment

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