TEMASEK

Saga of Liew Mun Leong Highlights The Necessity Of An Independent Ombudsman

What we need now is an office of the Ombudsman ! For those less politically adept, an ombudsman refers to an official appointed to investigate individuals' complaints against a company or organization, especially a public authority. This position is to monitor government officials and other people of interest to the state when a complaint from regular citizens is lodged. This is placed to ensure that no one, regardless of power is beyond the rule of law.

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GE2020: Ho Ching Sides With PAP New Candidate Ivan Lim

Empress Dowager Ho Ching has taken a side on the Ivan Lim issue. Yesterday, she shared a post on her Facebook comparing PAP new candidate Ivan Lim with Kee Chiu and Kate Spade who used to be mocked by people, implying that Ivan Lim can soon prove the people wrong. By sharing this post, Madam Ho has shown that she cannot differentiate between mocking and testimonies of serious character issues from people who have crossed path with Ivan Lim.

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Politician Lim Tean To Challenge POFMA Over Post On Ho Ching Salary

Politician Lim Tean To Challenge POFMA Over Post On Ho Ching Salary

On 19 April 2020 the POFMA office said "several online posts" had made false statements that Temasek Holdings Chief Executive Ho Ching had an annual salary of "around S$100 million". Minister of Finance Heng Swee Keat instructed four correction directions to be issued. One of those four include People's Voice Party (PVP) chief Lim Tean for “sharing the falsehood on his Facebook page”. Politician Lim Tean has shared that he will be challenging this latest POFMA. He questions the basis of using POFMA over an article when the truth or real information is not revealed. His view is that POFMA is being used to silence PAP critics and free speech.

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Lee Hsien Yang Asks The Question Most SGreans Want To Know - Why Is Ho Ching's Salary A State Secret?

Lee Hsien Yang Asks The Question Most SGreans Want To Know - Why Is Ho Ching's Salary A State Secret?

PM Lee's estranged brother, and currently the most favourite of the Lee families amongst many Singaporeans, Lee Hsien Yang, has asked the question that many Singaporeans had wanted to know for a long time - why is Ho Ching's salary declared a State Secret?

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Lawrence Wong Refused To Answer WP's Query On GIC And Temasek Salaries

Lawrence Wong Refused To Answer WP's Query On GIC And Temasek Salaries

Wong said that the “Government maintains an arms-length relationship with the companies and does not interfere in their operational decisions such as remuneration.” When they themselves are the Board of Directors in said company, how is it then possible not to interfere in the operation decisions such as remuneration?

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MISLEADING ADVERTISEMENT ON RETURNS OF 12%?

In this connection, GIC’s latest 20 years’ and Temasek’s “from inception” annualised returns are 5.1 per cent (in US$ terms – lower if in S$ terms) and 16 per cent (in S$ terms), respectively. The highest return ever publicly disclosed by the GIC was 8.2 per cent (in S$ terms) for the 25 years from the GIC’s inception in 1981 till 2006.

So, how many fund managers in Singapore have been able to consistently give 12 per cent per annum returns, as described in the advertisement?

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GOVT DOES NOT INTERFERE WITH TEMASEK SUCCESSION PLANNING? SURE BOH?

Indranee Rajah, the Senior Minister of State for Finance said in Parliament today that the Government does not interfere with the succession planning of Temasek leadership.She indicated that the state investment company operates as a commercial entity, and thus, the Government doe snot interfere with the management of Temasek.

Finding it hard to believe this statement though. Temasek is a STATE investment company, that in itself already shows that the government will hold some interest in it. If they don't interefere with succession planning, then isn't this a lack of responsibility on the government's part?

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WHISTLEBLOWER SHEDS LIGHT ON UNFAIR KEPPEL CORP RETRENCHMENTS PAYOUTS

Thank you for calling the bluff of both Temasek and GIC and I would like to share the same plight of another group of affected workers by Temasek-owned subsidiary, Keppel Corporation which is helm by former Minister for Labor, Lee Boon Yang. A group of workers have already previously been quietly retrenched over the last few months with grossly indecent payouts. Singaporean workers received equivalents of 2 weeks "compensation" for every year of service while PR and other EP, S Pass holders obtained a month worth of salary for every year of service. The highest payout of $70,000 went to a foreigner with more than 20 years of service. This effectively went against the established 'Tripartite Guidelines' that caps 25 years at most!

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