| The creation of Temasek Holdings has allowed Singapore to separate government from the running of its commercial interests, forcing those companies to succeed in their own right, Singapore's President Tony Tan said on Monday.
"Many state-owned companies, or SOEs, around the world are protected from competition and cushioned from corporate realities through subsidies in various guises. This leads to an unlevel playing field," he said at a dinner to mark the 40th anniversary of Temasek Holdings, the Singapore government's investment company...............................................Full Article: Source
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