TR EMERITUS

I refer to the article “DBS took risks and absorbed downsides for the country in its early years: PM Lee” (Straits Times, Aug 5). It states that “DBS played a crucial role in Singapore’s early industrialisation, taking risks and absorbing downsides to benefit the country but not necessarily the bank itself DBS provided... 

Temasek’s bonuses were upsized in 2003, a year after Ho Ching was appointed director and one year before becoming CEO. Unlike ministerial salaries which are more transparent and pegged to private sector salaries with a 40% ‘discount’, Temasek senior executives’ salaries are state secrets and – logically – the highest... 

The Singapore government has always maintained that minority interests and racial harmony are of utmost important. It is this justification that the government has used in changing the criteria for the elected presidency and reserving the position for minority representation. While that reason has been vigorously criticised...