Government does not direct Temasek's investment decisions: Temasek chairman

[bic_cherry]

The Straits Times, Published on Dec 05, 2013
Government does not direct Temasek's investment decisions: Temasek chairman
By Chia Yan Min
It is commonly believed that sovereign wealth funds often invest on behalf of governments for strategic reasons and as an instrument of foreign policy, but Temasek Holdings does not share the characteristics of most sovereign wealth funds, said its chairman Lim Boon Heng.
In his first public speech as Temasek's chairman, the former politician said the founding of Temasek was premised on a separation between the Government's role as a policymaker and as a shareholder.
The Singapore government is the sole shareholder in Temasek Holdings.
The Government is not consulted on Temasek's day-to-day business and does not direct its investment decisions, said Mr Lim, who was named Temasek chairman in August this year.
Copyright © 2013 Singapore Press Holdings. All rights reserved.
http://www.straitstimes.com/breakin...maseks-investment-decisions-temasek-chairman-

Yet it is also not wrong to say that the government and Temasek are in bed together, literally in fact...

Ho Ching - Wikipedia, the free encyclopedia

Ho Ching
Ho Ching is the Chief Executive Officer of Temasek Holdings and the wife of the Prime Minister of Singapore, Lee Hsien Loong. She is a Chinese Singaporean of Cantonese background. Wikipedia
Born: 1953, Singapore
Spouse: Lee Hsien Loong (m. 1985)
Children: Li Hongyi, Haoyi Loong
Ho Ching - Wikipedia, the free encyclopedia

 

[PrinceCharming]

So LEEgime expects Sinkies to be daft and accept Lim Boon Heng's assertion at face value when the latter shed crocodile tears at some event?

Are we supposed to accept ex-Ministar Lim's words when some current ministar does not come clean about Sinkapore spying on Malaysia and Indonesia on behalf of the United Stasi of A.?