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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek cannot serve as rescue agency

Posted on 11 February 2009

From Asiaone.com: Temasek Holdings must stick to making investments on a purely commercial basis and cannot swoop in to rescue ailing local companies, as some MPs have suggested, said Senior Minister of State for Finance Lim Hwee Hua yesterday.

She said Singapore’s investment company should continue to operate independently of the Government and keep a purely commercial focus on maximising shareholder returns….. Full Article: Source


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