The following is from Times Online website:
Sir, Your article (“Singapore’s Temasek scraps plan to bring in Goodyear ”, July 22) claimed that Ms Ho Ching’s “status as both head of one of Singapore’s two sovereign wealth funds and wife of the Prime Minister symbolises for many the overly cosy nature of Singapore’s political and financial elite”.
This insinuation is totally unfounded. Ho Ching’s appointment as CEO of Temasek Holdings is not decided by the Prime Minister. It is the prerogative of the Temasek board of directors, which includes eminent local and foreign individuals, and makes its decisions purely based on merit. Furthermore, the appointment is subject to veto by the President of Singapore, acting in his discretion and not on the advice of the Government.
Michael Eng Cheng Teo
High Commissioner for the Republic of Singapore
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