The govt can be accused of many things, but one thing it can never be faulted is its incredible ability to make money.
COE, land sales, ERP, CPF, HDB sales, and all kinds of business under the sun like SG Pools, SMRT, NTUC Fairprice..... "Uniquely Singapore" indeed! At an historic overall Govt low spending of 17% of GDP, buffered with an overwhelming majority in govt, the SG govt must be the stuff of every other govt's dream.....
And now the state investment arm is thinking of investing in troubled Europe under the great strategy devised by its Strategy Head. If the Strategy Head's investment record in Temasek is anything like that of his previous company, we will be in for a 'hell of a ride'!