More Stupid Elites.

TEMASEK AND TRANSPARENCY: LIM HWEE HUA
05:55 AM Aug 12, 2009

Some Singaporeans are sore that they do not know enough about how "their money" is being invested by Temasek Holdings, acknowledged Singapore's first female Cabinet minister, Mrs Lim Hwee Hua.

"We have to ask ourselves if transparency is an end in itself, or if it is the means to an end," said the Minister in the Prime Minister's Office to Petir.

"If all our cards are revealed in pursuit of complete transparency, does that serve the purpose of having Temasek and the Government of Singapore Investment Corporation manage the reserves well? The goal is really to value-add for all stakeholders.

"It is reasonable for people to ask questions, but ultimately the government holds the responsibility for deciding how much to reveal in our best interests."


I don’t know how she became a Minister. Gosh but anyway you just have to be a yes-man or yes-woman in this case to be one anyway.

Hwee Hua is sprouting nonsense!

I almost fell off my chair when I read this article. Can’t believe one of our Ministers actually said this kinda thing in public.

Firstly every Singaporean has the right to know what is happening to their hard earn money.

"If all our cards are revealed in pursuit of complete transparency, does that serve the purpose of having Temasek and the Government of Singapore Investment Corporation manage the reserves well? The goal is really to value-add for all stakeholders.”

Er…what does transparency got to do with managing the reserve well? Hwee Hua actually is telling you that once we let you know what they are doing with our money, GIC and Temasek will have problem managing our reserve. Huh????????????????

"It is reasonable for people to ask questions, but ultimately the government holds the responsibility for deciding how much to reveal in our best interests."

Bull Shit! It is the right our the people to ask questions and decide ON THEIR OWN GOD GIVEN FREE WILL what is best for our interest.

If I read between the lines, I afraid the goverment interest is indeed not the people but for themselve, and they are afraid people will just pack up and leave for good.