08.12.2008 - PM defends Temasek, GIC
From Asia One: Singapore Prime Minister Lee Hsien Loong on Friday defended the performance of state-owned investment companies after a plunge in the value of their stakes in Citigroup, Merrill Lynch & Co and other global banks. He said the Government of Singapore Investment Corp (GIC) and Temasek Holdings Pte, which manage more than US$100 billion (S$151 billion) of assets each, should be assessed on their overall portfolio returns instead of the performance of specific assets, Bloomberg news reported..... Full Article: Source