Temasek, IDA - Issue of non-transparency

Commentary
Telecomasia.net, 23 Jul 2009, Robert Clark
The IDA is tipping S$1 billion ($693 million) in public money into the next-gen broadband project. That’s a lot of cash – equivalent to 12% of the revenue from the entire telecom sector last year.
IDA chief Ronnie Tay declines to say how much of this money has been spent and how and by whom, and says he has no intention of doing so. For someone whose air-conditioned office, government-issued vehicle and generous salary are part if not wholly taxpayer-funded, this seems ungrateful to say the least.
No one doubts that it is within the spirit of the Singapore ruling ethos, but you have to wonder whether is within the spirit of the 21st century.
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