The question some have is thus: If it is only the government which has the prerogative to reveal details of GIC's investments, where does the president come in? What is the president able to do?
While the president is given the audited annual accounts of GIC and Temasek Holdings, he does not issue any public statements on these, on whether he is satisfied with the information he is given, or any concerns he may have about the investments or the state of the reserves. Indeed, he presumably does not have the authority to question the investments, given that the two wealth management entities do not answer to the president but to the Ministry of Finance. Full story
