The secret of Ho Ching’s salary
Ho Ching, wife of PM Lee, was appointed as CEO of Temasek Holdings, the state sovereign fund, in 2004. Her salary as CEO has been a secret for 15 years. It has never been published. Most people assumed that she must have been drawing a very high salary. Some even speculated in the tens or hundreds of millions a year. They draw...
When the Government and its Ministers and Wives Are in Business, Business Comes First Not Consumers
State-owned ( but actually Ho Ching-controlled) CNA reported yesterday on a new Bill (the Point-to-Point (P2P) Passenger Transport Industry Bill) tabled in Parliament to regulate the private car-hire industry. I was immediately struck by a sentence near the end of the report which said that LTA intended to regulate not only...
Is the mainstream media trying to sensationalize Temasek’s performance?
When Temasek releases its latest “Summary Reporting”, I find the various reports from our mainstream media very confusing. With headline that screams “Temasek’s net portfolio value hits record high for third year running”, one would expect its returns on investment to be doing well too. Interestingly, its latest Total...
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