I know that singapore has many educated as doctors, professors, lawyers, auditors, accountants and engineers. What have they voiced up given their immense intellectual capacity?

Or is silence golden for these well educated citizens?

when they study, do they question, challenge the theories given to them, and demand or expect answers ? If there are valid reasons to question something, would they be able to do so?

singapore’s future can also be affected by these people one way or another.

nothing?

well, there are some 300 former pap parliamentarians, and many were praised by MMLee as capable to be CEO, in private sector, then why, we need to look for foreign expat ?

should there be more than enough choice for CEO for Temasek ?

fortune favours the bold? gamble big to win big, get the BIG picture?

:)

Wow, that is amazing. No wonder every GLC company want to be fully privatised so no need to be accountable and responsible to the citizen anymore even though they use state fund to build infrastructure initially.

Myrna Thomas,
who are you trying to kid ?

Of course you and TH don’t manage the funds, TH just use the fund approved and give by another board that manage the fund of Singaporean.

Just because TH just a third party middleman doesn’t mean it don’t use state’s fund. It just get those fund indirectly rather than directly. Trying to play another ShinCorpse punk ?

So please cut the bullshit.

WE refer to “On another headhunt” (The Star, Aug 1). The article stated that Temasek Holdings’ investment funds “come from Singaporeans”, and “the nation’s reserves”.

We wish to clarify that Temasek Holdings is an investment company wholly owned by the Singapore government. We manage our portfolio and assets as an owner, and pay taxes to the Singapore government as well as to other governments where we have investments and operations.

We are not a fund manager, and do not manage the foreign exchange reserves of Singapore, nor the pension funds of Singaporeans. From our investment returns, we distribute dividends to our shareholders.

Temasek invests according to its funding capacity. Our investments are primarily funded from our investment returns including dividends and proceeds from divestments. We also tap on commercial borrowings, and the capital markets.

Our operations and investment activities do not “result in higher tax bills” for Singaporeans, as wrongly suggested in the article. Our cash flow and low gearing give us a wide range of capital raising options.

As spelt out in a recent public speech, the introduction of co-investors, if it should materialise, is meant to broaden the base of Temasek’s stakeholders, “for discipline and performance in the decades ahead”.

This is in line with our goal of building an institution that is committed to delivering sustainable long-term value, both to our shareholder, and to the wider community in Asia.

As a long-term investor, we are meticulous about governance, investment and people decisions.

We are open to non-Singaporeans for our board as well as for CEO or other management positions.

Our CEO succession review is part of our board governance and discipline where we review succession options every year. This process was put in place by our current CEO with the support of our board, and continues regardless of whoever the CEO is.

Myrna Thomas,

Managing Director, Corporate Affairs, Temasek Holdings.” Unquote

Temasek clarifies its position

http://thestar.com.my/news/story.asp?file=/2009/8/1/focus/4428168&sec=focus

Quote “WE refer to “On another headhunt” (The Star, Aug 1). The article stated that Temasek Holdings’ investment funds “come from Singaporeans”, and “the nation’s reserves”.

We wish to clarify that Temasek Holdings is an investment company wholly owned by the Singapore government. We manage our portfolio and assets as an owner, and pay taxes to the Singapore government as well as to other governments where we have investments and operations.

We are not a fund manager, and do not manage the foreign exchange reserves of Singapore, nor the pension funds of Singaporeans. From our investment returns, we distribute dividends to our shareholders.

Temasek invests according to its funding capacity. Our investments are primarily funded from our investment returns including dividends and proceeds from divestments. We also tap on commercial borrowings, and the capital markets.

Our operations and investment activities do not “result in higher tax bills” for Singaporeans, as wrongly suggested in the article. Our cash flow and low gearing give us a wide range of capital raising options.

As spelt out in a recent public speech, the introduction of co-investors, if it should materialise, is meant to broaden the base of Temasek’s stakeholders, “for discipline and performance in the decades ahead”.

This is in line with our goal of building an institution that is committed to delivering sustainable long-term value, both to our shareholder, and to the wider community in Asia.

As a long-term investor, we are meticulous about governance, investment and people decisions.

We are open to non-Singaporeans for our board as well as for CEO or other management positions.

Our CEO succession review is part of our board governance and discipline where we review succession options every year. This process was put in place by our current CEO with the support of our board, and continues regardless of whoever the CEO is.

Myrna Thomas,

Managing Director, Corporate Affairs, Temasek Holdings.” Unquote

I guess the best way is to do freelance job and stop making any contributions to CPF. This way, you won’t feel heartache when they losses our hard-earned monies recklessly without any tranparencies and accountability.

Afterall, why work so hard and see our CPF being wasted away through such Dynastic Governance in Temasek & GIC.

If such failed investments were to happen in a wholly-private owned company, many heads will roll. But here in ‘Uniquely Singapore’, nevermind the losses, you still get to keep your cushy post and salaries.

If this is not nepotism or cronyism or dynastic governance, tell me what is. LKY thinks he’s Great and probably Immortal, but his earthly days are numbered. He’s such a political coward. Rule by fear. I have no respect for this evil man.