TR EMERITUS

Before 2010, GIC had disclosed annual returns in Singapore dollar. (GIC reports, see pg 10). There was no reason to change the reporting currency because all returns would eventually have to be converted to S$. And Singaporeans have the right to know GIC’s actual performance. As can be seen from the chart above, returns... 

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...