Temasek and GIC portfolio is valued in SGD, so when MAS allows SGD value to rise against major trade currencies, the value of the portfolio is expected to decline due to FOREX adjustment. Temasek and GIC are now ranked among the best in the world or gold standard. Not bad for a country without natural resources.
@davebakchoy1744 there are many islands of other countries just adjecent. If location is key Binta, Batam would have been much wealthier. It's always easy to discredit the hard work.
@@prime8krish Stating the Fact is not wrong lest to say its discrediting. Your thinking logic error is quite pervasive among many singaporeans. Eg. If an activity is not illegal in sg, do you think it must be legal? No. Even leaders have admitted the advantage of our strategic geographical location. The other places do not offer a more efficient route than sg Strait. Also , much more piracy. Also, other countries their leaders are not given world highest salaries. Do not be confused to compare a sg with other countries. Compare sg now with past.
@@LonganLee Justly like Singapore having world class education system we cannot expect everyone to be brilliant and smart. With Singapore world-class standard of living, we cannot expect everyone to be happy. Just because a child is born rich, does it mean they will be smart? When British left us and Singapore seperated from Malaysia, we pretty much have nothing other than being a free port. on the same note. Malaysia and Indonesia have been trying very hard to duplicate Singaproe model and where are they now? Perhaps they should pay their minister well like Singapore so they can attract more talents and eliminate corruption?
Just a note that Temasek invests in private equities, including VC backed startups. Whose valuation is a little subjective. So perhaps Temasek should have a mandate around how much early stage, tech startups etc. Because paper gain in private markets is not quite "real" until realized and may have a discount if traded back too soon or runway not long enough.
I'm sure they already have mandates, its part of their overall strategy and risk management. The venture caps probably take up 1-2% of their portfolio and is negligible in the bigger scheme of things. And out of that 1-2%, they will have tighter risk management policies to limit exposure of each investment to x% within this 1-2% again....
0:18: The NIRC in 2022 was S$22.38 billion, higher than income tax and rivaling corporate tax revenue. 0:32: Without the NIRC, personal income tax in Singapore could be twice the current rate. 0:46: Goods and services tax could more than double without the NIRC. 0:57: The NIRC is half of the returns derived from investing Singapore's reserves, with GIC and Temasek Holdings being the main contributors. 9:20: Temasek's investment strategy has shifted from local companies to international investments. 11:02: Temasek invests mainly in equities and startups, aiming for higher returns. 11:50: Temasek has started investing in startups and building its own companies. 13:04: Temasek's performance is often debated due to its riskier investments. Recap by Tammy AI
Investing can be risky, we all know that. Singaporeans don't want to wake up one day and realized that the Gamble Failed especially the companies are Privatized and the Govt has No direct involvement in them. What are the short terms performance? If it is not 100 million, then how much is it?
@@jsurfin1 Follow Swiss Standard of reporting performance and NOT OR NEVER be induced to wait until 10 years later to find that all are lost and empty. The Reserves don't belong to the PAP and their term is ONLY on 5 years term.
You're dishonestly putting this comment in various videos. That's blatant lie. The MAS OFR is published on a monthly basis, Temasek's portfolio value is also published annually. NIRC is public on the national budget. It is the GIC's portion that is secret so that others won't know what we have to defend our assets under attack... There's no loss hiding anywhere. Stop putting out lies.@@LonganLee
@davebakchoy1744 I had worked in a $30 billion organisation prior and we know how that works; checks & balances, bells & whistles. Each subsidiary manages at least $120 million in annual revenue.. The CEO, or even the PM has limitations on the operations. 🥹
"The historical average yearly return of the S&P 500 is 9.752% over the last 20 years, as of the end of June 2023." Benchmarked against S&P, returns from GIC and Temasek both fall short. Anyone care to explain?
@@danielkhoo2093 which is why I cited the 20-year returns. But even with this occasional drops of S&P, it still beats returns from GIC and Temasek long term. Why can't GIC and Temasek beat S&P benchmark?
@@lee1039 That is because this is not an apple-to-apple comparison. S&P500 measures the performance of the top 500 US-listed companies and is meant to help you know which companies to invest in the US. GIC governs Singapore's sovereign wealth which is meant to minimise risks primarily, before taking on additional risks to grow the funds over time. Do you think Singapore's investments for long term growth should just be in US companies? This is exactly what the series is talking about from Dr Goh's lesson on diversifying. You don't want to have Singaporean's generational savings to just dip overnight if the S&P suddenly does not do well. Hindsight is 20/20, and yes there are all the statistics which says that S&P is doing well over 20 years, but it does not tell you how much risks people at the time were taking when they decided to invest in it. In the same way, investing now into S&P does not guarantee that it will continue to grow as it did the past 20 years. If you really want to compare portfolio returns, it makes more sense to compare with other Sovereign Wealth Funds which has a similar purpose to GIC, such as ADIA, KIA, CIC
because its not just about absolute return, its about return per unit of risk taken. You can't take high risk going 100% equity on a country's reserves, the SNP is extremely volatile @@lee1039
solar panel is quite environmentally unfriendly. They have to chop down trees to install the panels.... isnt it counter productive. unless they find a barren land to do it like dessert . then the disposable of panel itself is a problem too.
PPL Who works in temasek and GIC are self serving rather than serving Singaporeans. They paid themselves millions. Have no accountability if they lose monies and reward themselves if they make monies. I had no respect for ppl who work in these entities.
Singapore Reserves may not exist anymore. Circumstances evidences 1 ) huge external debt 2.)GST 9% hike 3.) Government keep selling Singapore Assets 4.) CPF withdrawal age keep pushing back n lock up sum keep going up. 5.) Cost of living spike 6.)Property price spike 7.) Government taxes increases 8.) Huge spending on lost investment n useless projects. 9)Squandering spending no accountability for ROI.
I like the idea of keeping the reserves a secret such that voters died also never will know not just their generation but all their future generations. I think singaporeans become too smart already. 😅
Really what's the use of this series of Reserves, GICs and Temasek when a lot is spoken but nothing much is said to answer many questions utmost on the minds of Singaporeans? Am sure a very very good and close friend of Ho Ching will be more informed.
Guessing a draw out of 3 % on the NIRC -it works out @ 1.5 trillionif the govt spending is 50% -22 B. But it does not acct for the hard assets -land, properties locally and oversea and gold etc -- and since gold is 200b -I am guessing all in in a good day --3-4 trillion ?
Why is GIC's returns NOT reported in Singapore Dollars since late 2000's. Should give pple a clue of the poor returns in Sing$. No need for further comments...............BOTH GIC/TH got their views on China egregiously wrong with huge % of assets in PRC.
@@Summerphantom05 Ignorance is a bliss. Yes, you can reach a certain level with hard work. However to reach the elite class, it takes just a little bit more secret ingredient that not everyone has. Continue chasing the meritocracy dream that has been fed to you. It's a dream because you need to be asleep to live it.
Waste time telling us all this when they can't solve high cost of living. high food cost, high utility bills, high transport taxi fares, high un employment jobs given to more than 1 million foreign workers + CECAsians !!! What do you think?
Not everything is equal. the best and smart one got it. Those not smart, somebody need to fill the " hardcore poor " position else the word meaningless
![[Online Special] What makes up Singapore’s reserves? - Pt 1/5 | Singapore Reserves Revealed](http://i.ytimg.com/vi/h0wI1dHL9sw/mqdefault.jpg)
![[Online Special] What makes up Singapore’s reserves? - Pt 1/5 | Singapore Reserves Revealed](/img/tr.png)
![Temasek Explained: How was Temasek started? [Part 1/8]](http://i.ytimg.com/vi/S6Ey5hPsBfY/mqdefault.jpg)
![[Online Special] The ‘inheritance’ that almost didn’t exist - Pt 2/5 | Singapore Reserves Revealed](/img/n.gif)
Love this CNA series of documentaries! Keep up the good work!👍
Temasek and GIC portfolio is valued in SGD, so when MAS allows SGD value to rise against major trade currencies, the value of the portfolio is expected to decline due to FOREX adjustment. Temasek and GIC are now ranked among the best in the world or gold standard. Not bad for a country without natural resources.
The strategic geographical location is a resource as valuable as oil fields. Without this sg cannot achieve
@@LonganLee I dont see that in Johor Bahru or Batam
@davebakchoy1744 there are many islands of other countries just adjecent. If location is key Binta, Batam would have been much wealthier. It's always easy to discredit the hard work.
@@prime8krish Stating the Fact is not wrong lest to say its discrediting. Your thinking logic error is quite pervasive among many singaporeans. Eg. If an activity is not illegal in sg, do you think it must be legal? No.
Even leaders have admitted the advantage of our strategic geographical location. The other places do not offer a more efficient route than sg Strait. Also , much more piracy. Also, other countries their leaders are not given world highest salaries. Do not be confused to compare a sg with other countries. Compare sg now with past.
@@LonganLee Justly like Singapore having world class education system we cannot expect everyone to be brilliant and smart. With Singapore world-class standard of living, we cannot expect everyone to be happy. Just because a child is born rich, does it mean they will be smart? When British left us and Singapore seperated from Malaysia, we pretty much have nothing other than being a free port. on the same note. Malaysia and Indonesia have been trying very hard to duplicate Singaproe model and where are they now? Perhaps they should pay their minister well like Singapore so they can attract more talents and eliminate corruption?
This documentary has been long over due! Great work CNA and the govt for sharing it
Good job CNA! Now I have a better understanding of Singapore's reserve.
Singapore is smart and thanks to the system it has built
Just a note that Temasek invests in private equities, including VC backed startups. Whose valuation is a little subjective. So perhaps Temasek should have a mandate around how much early stage, tech startups etc. Because paper gain in private markets is not quite "real" until realized and may have a discount if traded back too soon or runway not long enough.
I'm sure they already have mandates, its part of their overall strategy and risk management. The venture caps probably take up 1-2% of their portfolio and is negligible in the bigger scheme of things. And out of that 1-2%, they will have tighter risk management policies to limit exposure of each investment to x% within this 1-2% again....
Already explained in the videos.
did you really watch? telling all that you did not understand or you did not watch without spelling so.
How come no 1080p for this episode? Thanks.
0:18: The NIRC in 2022 was S$22.38 billion, higher than income tax and rivaling corporate tax revenue.
0:32: Without the NIRC, personal income tax in Singapore could be twice the current rate.
0:46: Goods and services tax could more than double without the NIRC.
0:57: The NIRC is half of the returns derived from investing Singapore's reserves, with GIC and Temasek Holdings being the main contributors.
9:20: Temasek's investment strategy has shifted from local companies to international investments.
11:02: Temasek invests mainly in equities and startups, aiming for higher returns.
11:50: Temasek has started investing in startups and building its own companies.
13:04: Temasek's performance is often debated due to its riskier investments.
Recap by Tammy AI
Also tamasek has lots of real rstate and other investments in PRC ,and they're not doing well to say the least
I hope one day to get a job at GIC
So you can make bad investments and drown in so much money you don't know what to do with it?
Investing can be risky, we all know that. Singaporeans don't want to wake up one day and realized that the Gamble Failed especially the companies are Privatized and the Govt has No direct involvement in them. What are the short terms performance?
If it is not 100 million, then how much is it?
Short term is not investing - that's trading. When you invest, you think long term.
@@jsurfin1 Follow Swiss Standard of reporting performance and NOT OR NEVER be induced to wait until 10 years later to find that all are lost and empty. The Reserves don't belong to the PAP and their term is ONLY on 5 years term.
We can wake up one day and still no need to worry if reserves is empty because we keep it secret. Stroke of genius
You're dishonestly putting this comment in various videos. That's blatant lie. The MAS OFR is published on a monthly basis, Temasek's portfolio value is also published annually. NIRC is public on the national budget. It is the GIC's portion that is secret so that others won't know what we have to defend our assets under attack... There's no loss hiding anywhere. Stop putting out lies.@@LonganLee
13:35 If there is a 包赢, its probably a scam...
Hi , i don't understand these characters,what does it mean?thx
@@titanicisshit1647 It means "Sure Win" or "Guaranteed Win", which doesn't exist in the investing world as mentioned in the video at that timestamp.
@@titanicisshit1647It means sure-win😂
@@davidtay9347 lol
❤
Can reveal CEO salary?
We must keep everything secret as much as possible. What if enemy know our salaries?😅
@davebakchoy1744 the enemy want to access the money bypassing the institution.
😂
@@kongthai.. aiyo
@davebakchoy1744 I had worked in a $30 billion organisation prior and we know how that works; checks & balances, bells & whistles. Each subsidiary manages at least $120 million in annual revenue..
The CEO, or even the PM has limitations on the operations.
🥹
Hope Singaporeans sits up and understand. We need a Chinese version for the Chinese educated. This helps more Singaporeans understand
Do you mean taking everyone's bank deposits and invest them in useless corrupt mega projects ?can't imitate china more than that
Do you know that the GIC and Temasek are shadow banks?
Can you understand English?
Ha ha ha!
I thought Malay was the national language of Singapore?
👍👍👍👍👍❤❤❤❤
temasek and GIC hires alot of foreigners, pays them very fat bonuses and salaries just to deliver very average results.
"The historical average yearly return of the S&P 500 is 9.752% over the last 20 years, as of the end of June 2023."
Benchmarked against S&P, returns from GIC and Temasek both fall short.
Anyone care to explain?
20 years ago USD is 1 : 1.75 today 1:1.33. Singapore is smart not to put all our reserves in USD
Risk is completely different. S&P dropped close to 40% in 2008... imagine that on the reserves.
@@danielkhoo2093 which is why I cited the 20-year returns. But even with this occasional drops of S&P, it still beats returns from GIC and Temasek long term. Why can't GIC and Temasek beat S&P benchmark?
@@lee1039 That is because this is not an apple-to-apple comparison.
S&P500 measures the performance of the top 500 US-listed companies and is meant to help you know which companies to invest in the US. GIC governs Singapore's sovereign wealth which is meant to minimise risks primarily, before taking on additional risks to grow the funds over time. Do you think Singapore's investments for long term growth should just be in US companies?
This is exactly what the series is talking about from Dr Goh's lesson on diversifying. You don't want to have Singaporean's generational savings to just dip overnight if the S&P suddenly does not do well. Hindsight is 20/20, and yes there are all the statistics which says that S&P is doing well over 20 years, but it does not tell you how much risks people at the time were taking when they decided to invest in it. In the same way, investing now into S&P does not guarantee that it will continue to grow as it did the past 20 years.
If you really want to compare portfolio returns, it makes more sense to compare with other Sovereign Wealth Funds which has a similar purpose to GIC, such as ADIA, KIA, CIC
because its not just about absolute return, its about return per unit of risk taken. You can't take high risk going 100% equity on a country's reserves, the SNP is extremely volatile @@lee1039
Stress but rich
solar panel is quite environmentally unfriendly. They have to chop down trees to install the panels.... isnt it counter productive. unless they find a barren land to do it like dessert . then the disposable of panel itself is a problem too.
1.6%😂😂😂
PPL Who works in temasek and GIC are self serving rather than serving Singaporeans. They paid themselves millions. Have no accountability if they lose monies and reward themselves if they make monies. I had no respect for ppl who work in these entities.
What's wrong with paying themselves if they perform? Are temasek and gic losing money on a long term basis?
I would challenge you to disclose the name of those who are paid millions.
I also ever wondered, how can Public Servants be Impartial to political power? Humans are all Fallible.
@@kilotami909 You mean you do not know HC getting $millions? Hello
@@flowertowerrr * prc investments,prc investments*
Singapore Reserves may not exist anymore. Circumstances evidences 1 ) huge external debt 2.)GST 9% hike 3.) Government keep selling Singapore Assets 4.) CPF withdrawal age keep pushing back n lock up sum keep going up. 5.) Cost of living spike 6.)Property price spike 7.) Government taxes increases 8.) Huge spending on lost investment n useless projects. 9)Squandering spending no accountability for ROI.
The video are meant for the less educated and misinformed. It seems like it is still not good enough for some.
Don't worry Des. I understand. Not everyone 😢passed their PSLE.
@@khtay8731PSLE doesnt teach your accounting. If you dont know accounting, you will never understand what is revenue income, debt equity and assets
That's not true and you know that.
🥹
I like the idea of keeping the reserves a secret such that voters died also never will know not just their generation but all their future generations. I think singaporeans become too smart already. 😅
Think CECA think FTs
Think can singaporean trust PAP !!
Think Racist Think self-entitlement, Think Robinhood. Can you trust anyone who trying to sell your fictional stories?
Of course the Majority trust . Else the PAP has no power already
Really what's the use of this series of Reserves, GICs and Temasek when a lot is spoken but nothing much is said to answer many questions utmost on the minds of Singaporeans? Am sure a very very good and close friend of Ho Ching will be more informed.
Guessing a draw out of 3 % on the NIRC -it works out @ 1.5 trillionif the govt spending is 50% -22 B. But it does not acct for the hard assets -land, properties locally and oversea and gold etc -- and since gold is 200b -I am guessing all in in a good day --3-4 trillion ?
NIRC is 50% of the annualized returns.
Shld have spelt it more clearly - meant to say 3% return on the reserve - equates to NIRC- then it works out to what I said
@@gitikabalaguru9809 it’s up to you to guess… because the NIRC is an annualized return figure.
Wonder why some countries fail miserably huh?
😂😂😂
Because you guys simply don't have what it takes.
Singapore hits alot of right notes.
Why is GIC's returns NOT reported in Singapore Dollars since late 2000's. Should give pple a clue of the poor returns in Sing$. No need for further comments...............BOTH GIC/TH got their views on China egregiously wrong with huge % of assets in PRC.
U anti Chinese race?
@@1965Singaporean he's anti losing money ,are you a bot?lol
There was a guy who said : Are you anti chinese race?
Click bait. Revealed nothing important like size of the reserves
Do the math yourself. Find the source yourself
Didnt watch part 5 huh? They did calculate the approx amount. This is 5 part documentary afterall.
Maybe they defined Reveal as Not Revealing? Kidding only lah😅
They are all quite young. Able to reach such high positions at their age? Maybe their surnames can give us some clues. 😉
2:52
Maybe they're just more competent than u bro
jealous just say la
@@Summerphantom05 Ignorance is a bliss. Yes, you can reach a certain level with hard work. However to reach the elite class, it takes just a little bit more secret ingredient that not everyone has. Continue chasing the meritocracy dream that has been fed to you. It's a dream because you need to be asleep to live it.
????????????
The two shadow banks.
Ha ha ha!
Better than no banks
Waste time telling us all this when they can't solve high cost of living. high food cost, high utility bills, high transport taxi fares, high un employment jobs given to more than 1 million foreign workers + CECAsians !!! What do you think?
Johnlim I think u shld step forward n serve SG, n propel our beloved country to a state without all these probs dat u highlighted.
really uh? How high? So high that you're still so free to post nonsense online without having to work.
Not everything is equal. the best and smart one got it. Those not smart, somebody need to fill the " hardcore poor " position else the word meaningless