Like many others, much of my time last week was spent fixated on one of the most significant event of recent times. I made my trip to the Istana on Monday, witnessed the journey to Parliament House on Wednesday, and joined the queue on Thursday. My wife and I decided that a quiet and tranquil weekend would do much good to both of us.
When Money Drops From The Sky
Waking up on Sunday on a positive note is always music to my ears.
2 days, 19 hours ago.
You won $9 in the weekly autoplay! We played 1030 points for you.
Travel Smart Rewards has been experiencing some problems lately with paying out of rewards. Well, I’m not exactly dying to get my hands on them. They can pay me whenever they’re ready. My regular visitors would know that all of my weekday MRT morning commutes are free, so this is simply an added bonus.
When The Skies Finally Opened
Very little rain fell over the past week. It was as though it was meant to be, when the skies could no longer hold it in. On Sunday, it started to drizzle at 10-plus in the morning when I was out. On the trip back home, it started pouring. It was the heaviest rain I could recall in recent times. TV took over our lives for the next 5 hours.
Look Ma, Jack Is Here
I was mildly amused to see comments debating the presence of Jack Ma over the weekend.
Source – Today Online
Just a rich china biz man? Did he queue?
Curious me did a little digging. Ah. I had a mild suspicion that things isn’t as simple as it looks.
23 September 2011 | The Wall Street Journal
Temasek is likely to invest $300 million to $400 million in Alibaba as part of this deal, according to a person familiar with the situation.
17 November 2014 | Singapore Business Review
Singapore’s state-owned investment firm, directly or through its units, owned 25.5 million American depositary receipts in the Chinese company valued at $2.26 billion, as of Sept. 30, according to a filing today with the U.S. Securities and Exchange Commission, making it the largest listed shareholder with 1.03 percent.
15 February 2015 | Bloomberg Business
Singapore’s state-owned investment firm sold 7.3 million American depositary receipts in Alibaba, leaving it with 10.7 million shares, according to a Feb. 13 filing with the U.S. Securities and Exchange Commission. “They must have made about $300 million through that sale,” said Enrico Soddu, an analyst at Institutional Investor’s Sovereign Wealth Center in London. “When everyone was buying, they were selling.”
Temasek also holds Alibaba ADRs through a unit called Seatown Holdings, which reported owning 7.45 million ADRs at the end of the fourth quarter.
Saving Up For Some Bonds
I was pleasantly surprised to read about the availability of Singapore Savings Bonds in the second half of this year. I’m happy to have this option as a possible bond component for my portfolio and will be eagerly awaiting news of the individual cap since it is targeted at “small retail investors”. Worst case scenario – I can still park my emergency funds and idle money in Singapore Savings Bonds due to its supreme liquidity.
More Than Index Investing
Be notified of new blog posts right from your inbox!
All you need to do is subscribe 😉