Singapore’s Exposure to the Financial Crisis

From Mr. Wang Says So:

EIGHT town councils (TC) run by the People’s Action Party have about $16 million invested in troubled structured products.

The lion’s share of $12 million is from two TCs: Holland-Bukit Panjang ($8 million) and Pasir Ris-Punggol ($4 million).

The products include Minibonds linked to bankrupt US investment bank Lehman Brothers and the now worthless Merrill Lynch Jubilee Series 3 LinkEarner Notes.

…

Surely there must be some accountability for this. Unlike Temasek and GIC, town councils have no way of pretending that their money is not public money.

From Singabloodypore:

The Government of Singapore Investment Corp, which manages foreign reserves, has invested in UBS and Citigroup in the past year. Temasek, the state investment company, took a stake in Merrill Lynch.

More Singapore News

From an economic standpoint, I have to say I support this: Singapore to Compensate Organ Donors. Recall that just a few months ago, in July, Tang Wee Sung was charged with organ trafficking under the Human Organ Transplant Act which bans the sale of human organs. Of course, buying organs and legalising compensation for donors are decidedly different things.

Mirroring the troubled auto industry in US, Singapore’s COE crashes to $2. Note that the Big 3 have reported worst auto sales in 25 years.

Halloween

So so so so so happy =)

Can’t say how much it means to see ALL my friends standing in the front row listening to me sing and singing along and waving their arms along with the music and ‘whoo’-ing and waving teddy bear hands at me. Love all of you <3

DRANK BUBBLE TEA AND ATE POPCORN CHICKEN as a reward for starving self the entire day to fit into dress. I CAN EAT AGAIN!!! woohoo.

Kudos to SAM for organizing Halloween 2008!

Will never admit this to anyone but also felt very flattered by the attention drawn by my costume.