They said a team including External Affairs Minister G.L. Peiris, Deputy Finance Minister Sarath Amunugama and most likely, Treasury Secretary P.B. Jayasundera is due to fly to Singapore later next week for discussions with Temesek, one of Asia’s biggest investment firms, set up by former Prime Minister Lee Kuan Yew as a government-funded agency but run independently. Full story
Sri Lanka seeks cash-rich Temasek to bail out SriLankan Airlines
Sundaytimes.lk, 15 Aug 2010
After aid and investment from China and India, Sri Lanka is now turning to Singapore’s biggest investment arm, Temesek Holdings, to bail out state entities like SriLankan Airlines and the Ceylon Electricity Board (CEB), through equity investments, official sources said.
They said a team including External Affairs Minister G.L. Peiris, Deputy Finance Minister Sarath Amunugama and most likely, Treasury Secretary P.B. Jayasundera is due to fly to Singapore later next week for discussions with Temesek, one of Asia’s biggest investment firms, set up by former Prime Minister Lee Kuan Yew as a government-funded agency but run independently. Full story
They said a team including External Affairs Minister G.L. Peiris, Deputy Finance Minister Sarath Amunugama and most likely, Treasury Secretary P.B. Jayasundera is due to fly to Singapore later next week for discussions with Temesek, one of Asia’s biggest investment firms, set up by former Prime Minister Lee Kuan Yew as a government-funded agency but run independently. Full story
