Publication: The Straits Times, pp A32-A33 Date: 5 September 2009 Headline: The 'Chip' on S'pore's shoulders

T E M A S E K ' S T R A N S P A R E N C Y ppppp

Two views

The 'Chid "It is reasonable for Temasek..to rethink its stratem from time 6 time and if thenew the cannot worr within that stratem, then there should be a parting of wavs. I do not -&ink it is necessarv or evin

- H

appm- riate for the Government or 'femasek to reveafwhat goes on inside the boardroom." M r ~ ~ ( ~ ) " U r U f b . n d h i n k . ~ ~ l ~ T o r I n ~ ~ M i ~ ~ d I b W

A QUWTlON WCAUBRATINP INFO FLOW The episode was a storm in a teacup that could have been avoided bv a better &rated and articulated information flak It is W I e to pmvide more information without compmmising the strategic p u m

The interest in Temasek Holdings among some Singaporeans has been relentless. Who are those interested? Why their keen interest? Should Temasek open up more? Senior Political Correspondent bh Chia analyses the issues

- . . requirement." ~ n . a d s d r E n m e h ( k R ) ~ ~ ~ - -

M R CHARLES "Chip" Gmdyu. h u bid hmll to Tmuek Holdin@ but some Shgpomaar r t i l l WmmIMtheWer r r r t .

~ d n o m d s k m w w h y l h e h m p i - M chid mutlve-dedmde of S m - pore's hn r tmmt agency lol l h& pol l

P'%%& T-DX did h

"Thh w d d plillcke T-k's -I- diom. d p r m t * ha, nmwhg its poddzo p8dmiondIy and r u a t ~ ~ n g @, long-turn plonunm: t d.

~ n C a n ~ l h e d ~ r m h U u -mt u T-k and o h SWFl prefer lo k r t n d l p n h t hm- I o n lo prevent mtiond&Ue h k l u b when tbn buy slake8 h forna mp- &.

But~t .U~reconvimditktheb& waeh h the Wmce of MI Good- y&* &.

MP bderl i l S i ne itom the rnling People'$ M i o n m y believe thc Mv- e ~ ~ ) t w l l b l h e p e o p l e t o h M B - m r %It" ~IUmHOn" h P"llwmt f nmr - -T .~wck ' s . n r t . fm

July w "wuarolwdrlrdegk &Ilkem- e".

aw.#=wew!+damuehrpol- lalion on what c d d have cawed MI Coodycsr l o call il quits abeut five m l h r a e r i t w s m m d that he wovldlakewufrmnM~HaCbioghOe- I&.

w n h i p ehmm .re mm* hcaponimadTmla*-nXc.,", cMpMtion-*wnadtoeI.bnr(~ on management k b m . l)Yyarw.

'Ihar dm .Ira k . non-d lwhre Wwmrn l k l w r n Mr G d y a r rad Temaek. prevenling the invenmmt r g n e y h o r n ~ ~ .

.It & reawnable Lr Tom#sd...to mMnX Hr S n w frmn time to t i m ad iflhe~wCWeunotwkwltbinthel r l n l ~ , then lhere dm!d be 8 w i n g of the myr: no(- MI Edwln lhm.n horn the US-b.ud thhk-lank. m m I~IIIYIo lor I M n n d l m l a m l c r . whichdwW SWPr.

~ l d o ~ t h h k i t & ~ n ~ e n appropriale for the Covcmmml or T-k to -1 vhel goes on ImkJc lhe b e . .

Mr David C o b 4 an nonomid at A~ l l on E C O ~ O ~ ~ C L . adds: .Tem.xk ~ n o ( * h . M t o a n y ~ ~ . " d - ndr Ih other -rate &ilk. I1 k -aged a m m c W -!dmaIh whichHbonrdlNs&Won.*

Y e t . ~ k & ~ d l l f m l - - n t e n u t u n htm 11 k involved in

T m 2 W ~ ~ p i i m r m , whkh k mron molrp In m m- en b klM T~n.lok ."d the Oomn- mlM nad lo opm up more sod ulW p"pWs gonuinrdedn In m m b l m - t i o n - m K l t u n k m m t d . ~ ~ ~ b -

- ~ - ~ . b m t . h ~ b . 0olfrSks"~m.

~ I ~ L b G w g u r ~ m d t h c ~ r ) n b m d a d t u e k h C B O H O CHmLHwmedthchltartafPrc4S- dos* aid Ltu twhcu C w n ~ ~ b t b . ~ f d k . t . d d r

Amwers prod lvri .r 0lurivo * some MPI r a i d Iho lrrw at Ihc lad W l i m m l s i l t y lwmb ago.

Repzding, F inam M h i n n mar- mra Shnmy~..ralnm aid: " W e do want 10 Imav. There's &IIY. 11 . MIIW ot pvblr IM~SI. LI tha~ i s m SYlfldml 10 d & ~ k iinfO#m.- tion...ll.u01 no( k dviUb*, nor h the hte& d T-k n Mr 0oOdyl.r. f n ur l o h lo -men1 Mk 011 It:

M.ht.hbg hk aid on na-dirlo- nu*, he "itmated Iwro t h o m : "I1

m u r d @ p-.. While arefully enfled, h& reply.

some wy, h s m to mar lusl, m douse. the onsoinc debate .bod

prt of Shu.por.'r rUONOI. 7 h o only public channel lor ur to

Xm what it h.ppning lo our rrrmrr is hrli.mml." he uvr . nolinc l h l l

E-mail, ms us ~ m d ' s w d doe w o a ~ d .".M*M WHATUe Y C U vian On T&'I

d the ~ I ' s to Mr Chub Cwdyw'l

E-mail ttpolQpll.mm.8gn 4 an SMS b 9827-7514. P n SMS mamoss, t rpwf-by* ~ . ) a u n m e d l b m ~ "leswe.

-. -. , --- SMU'r MI Trn urn that by,m w-

Ing mom, the G m m m t unwi l tWy $ w t h e i r n p l ~ i o n L h . t t k ~ W a h T-ek m h u than the pople whow ht.nrl. L -.

Tho "ev.rlvr rupoMer and non- uuwar"mu1d .lao &mu. R ~ I h n t ' t credibility. he adds. 'it only gels psr- c e i d s a 1-k d ewn- and that e m P%dlM&wrr-kshrr(kIng mote aid benm hlmm,lloh"

~-;k k s o m u m p m y that ~ t o t h e S ~ p o p C . ~ ~ rote, the publr'l w e l e d d l 1 " i tY 01 i.m. M" ll -rn -- sive, has sk v n d c n l d andndapwdd- ed.. w M, hn.

In Mr SlngWr vim, people wrnt l o k w why Ihe CEO -ion wouu

mes LTLIIIUI~. S M It b t.Lm b ~a that i t is

the ~ n t 5 duly Iod l rc101~ infa- .lion vntru swh d!3clnxWes mpro- -".Ih".I %.,lily?

~ . ~ ~ h u t p v w c a v i o r a y - w ~ c h

unt=r8 kW th.1 " h i n g Mr C&+&L dl s nu l t n d pbl lc ~ o r r ~ t h t h e f l n t m v w l d h e ~ w ~ r - slatings lls Imp&-.

TUW*', lack o b - l " & m y . I t d w ptompled wme L que$tim

why uumn &I Iron the C m m - men1 vm no( IonCmninl In R d h -

Public intwost WHILE mmy obsemn we the1 the G m m m t ' r reply w io.dquh, the q w i o n m i m : H w much bl-- r m s h d d i t d ?

IlbollrdamI~wM"ptWkhIncrtncrt - a term wed by Mr marman In hlr psrlhmrnery reply - meam when I t

I v i & r i 1 & 6 1 i i u t b m ~ b - by Tmawk's bond 1" sdteJh the m CEO. M l n l r t n I h r m & % h a d d l h P.,lluunl hor n n u c k dU the r ld l l

nent. r n l d o p o p l c h . v c t h c ~ ~ o k m w

m m 011 this istm? Is the -1w"sy o w M r C m d y t a . ~ ~ ~ c . m t t u d p b h h l d or m n p b h cudodty?

*..re Ihe Wlr m t y .Mwn rnd what do they w i d lo know? And why k there r w h m ilMdinale armml o l h t d in lhe wing-onat T-k?

thing rad found lhe a r t pnmn In -the w h e m s .

- 1 * therelnc. to k e w l d that

Reveal mare. not leu THE 1-k of a r m s h Pul i imnl has auwdasl ( r ,@YononI i i fm, with n * b v i m il u the Go-- md 's k k of-l.hUib to d I ' I .

ItkwmfllnhOwnwrhofIheu0h.p- pincrs from eyk r spm chiller h s SplnedhtothendvnldotrnHee~ uul d 9 m"-tionr.

Bul poIlUed m n .nd uulyrls l n t ~ b y l r d g h l ~ h l h e O o m n - mnldh.w.vo ldrdwswhb.OL- lahbW~W.w.

? r r ~ w u a r l m h a t e a e u p t h . t d h m h a v o M l d b y ~ M t e ~ ulibrated d % d M l e J infom.lion flw,- rap lrv @k EwM T", d the Singapwe M*nwmou Untmrily ISMU). .It 1s WIMI lo provide more infonnalh wilhml rompmmldng lhe r ln legkprpx4 rrqul-t.'

MI C.rl Llnabwg, m-fourdm of the swm@ W d l h h d (Swn lNlUule in Ik Unlled Slates which r& thus h n d r . ~ h d h ~ l M I I T . m t ~ - eyi-s..gd;.

H o ~ " l b ~ ~ t d d h . " e ( l i " . M h . ~ . x " -rmpraauChlp.sdephres- 1 o o p m . l o l n m r w i n u l h m "arruy."

I1 .lao d t e d in the WIII St& IOU,- MI Ari.-plpvbllrhingrnditori- d . * l h e ~ ~ h o w r " t h e ~ - mnn will disclorr only whel i t dosmr Implab* mgudm T&*. II wived. $win w t d horn sw-

pore's Pirurre Mhhky - the 10Ie h- W d T & .

C d l y r w h aaliw -unhit", the cnu Of the minWry'S comeback un k t v m d u p thw: I1 Mmes d l relevant i n r m t i o n - I.w.blr or no1 - that Shgapmm nad to judge Tonnuk'r

u . long-tern (nnrtn. I l d o e n o t ~ l h e ~ m n

Rr1lumr.t should become w e d h Trmaxk'r lnrrf lmmt d d r g i r r or I " t d g v o m r r .

nes O Singapor Source: The Straits Tin ,e Press Hol dings Limited. Permission required for rep1 luction.