Yahoo! Singapore News, 22 Aug 2011
The National Solidarity Party (NSP) is calling for Singapore's next elected President to champion for more transparency from Singapore's two sovereign wealth funds, Temasek Holdings and Government Investment Corporation (GIC), as this relates to "the management of our reserves".
NSP's secretary-general Hazel Poa noted in a press statement on Monday, "It is a disturbing state of affairs when Temasek with about 400 employees can report an $8 billion administrative expense without incurring significant public scrutiny."
"$8 billion is more than one-sixth of our national budget," she said. Full story
Related:
Transparency on our Sovereign Wealth Fund - The Online Citizen
