One article on GIC by PAP-controlled media has a fake figure

On July 10, PAP-controlled media published a number of articles on GIC.

According to ST, GIC’s portfolio was valued at S$489 billion

Two articles on the same day quoting from the same source but two different figures?

The S$15 billion question:

Which article contains a fake figure?

 

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

 

 

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20 Responses to “One article on GIC by PAP-controlled media has a fake figure”

  • Ah Fah:

    Sorry, I have no access to ST.

    Maybe ST’s number refers to year 1981, $353.6 billion.

    http://www.sovereignwealthcenter.com/fund/10/Government-of-Singapore-Investment-Corp.html?FundTypeId=12#.WWq97oHmjqA

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  • Trust only myself:

    If S$15 billions were “taken” and have to put out a fake figure for goondus…..the answer is there.

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  • Bapak:

    Very simple, one report was before someone pocket it. The other, already pocketed it. There is your answer.

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  • C'est la vie:

    *****
    Ahhhhhhhh ………… the beauty and manouvouribility of opacity, supported by the absence of a duty to clarify and the total abandonment of accountability.
    ***
    *****

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  • Fake News:

    Their articles are never fake and the shitty times will carry them lock,stock and barrel.

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  • PAP has the mandate:

    Hi Phillip,

    It does not matter, all news from MSM of Stinkapore are all “REAL” news…hahhahah…only gong gong, daft and goodu gutless Stinkies will be believe them…hahahhahha

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  • kf:

    Or both articles can be inaccurate.

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  • Both could be right:

    Both figures could be right. One if before losses in UBS the other one is after.

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  • Little Red Herring:

    Dear Phillip Ang,

    BOTH figures are wrong!

    It is part of their repertoire of tricks to fool Sinkies with such red herrings.
    They purposely put out these two misleading numbers so that everyone will argue day & night over these two comparatively insignificant difference, based on the implied assumption that they are actually “close” to the real underlying truth.

    All the while, no one questions the original basis of these numbers in the first place, since all got fooled and distracted.

    This is called a False Dichotomy or a false choice between 2 equally bad outcomes.

    Other examples, do you want the red cyanide pill or the green rat poison pill? while purposely hiding the blue medicine pill option.
    Or do you choose to withdraw your money at 65 or at 68, (only minor 3 years difference) but actually it should have been why you cannot take all of your own money out in the first place?
    Or do you choose between Cat A or Cat B COE categories, when both are equally overpriced, and everyone never questions the underlying assumption of why there is a need for such high COE in the first place? etc….I can go on and on….

    Crafty politicians can always fool the people, more so sinkies who are hopelessly daft and apathetic.
    Sinkieland is truly sinking without sinkies even realizing it, and all the while sinkies are saying “Bo Pian!” (no choice).

    What a wonderful island this is.

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  • N.Jungne:

    Once faked always fake

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  • another name:

    Phillip, this is expected, it’s called ‘figure sophistry’!!

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  • PATRIOT of TEMESAK:

    N.Jungne:
    Once faked always fake

    ANYTHING coming out from ShittyTimes & CNA is = New York Times & CNN…”FAKE NEWS”

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  • Bystander:

    Aiyoh, why you people so dense, the 15B discrepancy is the loss on UBS, plus maybe some other botched investments added together.
    Cannot anyhow say someone took it,
    “If there is no evidence, well, why don’t you sue.”
    Above statement Goh Chok Tong said one, not by me ah.

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  • opposition dude:

    With a bit of creative accounting GIC can be numero uno in the world or the worst performer in the world.

    It’s not like we have never read about how GIC does things anyway.

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  • gay loong is still gay:

    funny article examining if our beloved PM is a closet faggot LOL

    https://www.prolificskins.com/forum/current-affairs/is-pinky-lee-trying-to-come-out-of-the-closet

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  • Vegetarian la:

    It depends on which day the accounts are reported , on Tuesday the person reporting is a vegetarian ; the next day wednesday this same person is not a vegetarian – Philip why u so dense .

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  • LIONS:

    GIC,in BOARD COMMITTEE FOR AUDIT shud HAVE OPPO MPs OR OPPO LEADERS instead of lapdogs if you truly want to maintain INTEGRITY.

    Afterall,OPPO MPs are oso SINGAPOREANS N NOT FOREIGN *spies* like many of your senior staffer$???

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  • peanut:

    Mr Phillip Lau Goh say 15 billion just peanut

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  • BuyMeBakKutTeh:

    Both fakes cos reported by Shit Times..l

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  • What is 1MDB?:

    Compare the two figures ; US$354 billion and US$343 billion!

    Difference is US$11 billion! Certainly more missing Billion$ that 1 MDB!

    Where is the guy that claimed he is good a numbers and till date have not account for our Nation’s Reserves?

    Do we want to vote for another Useless President?

    Singaporeans will see our WORST PRESIDENT retiring soon. Let’s give him a BIG BOO at the coming National Day Parade to thank him for DOING BASICALLY NOTHING for the Country!

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