21 Jun '11, 7am

Has PM Lee been pushing all the right buttons? #Singapore

The Financial Times (FT) newspaper first reported on Wednesday 15 June that daughter-in-law Ho Ching, 58, might leave Temasek (the company, not the website) at a time when the investment firm has turned around from losses from the financial crisis, "during which the value of its portfolio fell from S$185 billion to S$130 billion". In response to rumours that she will likely step down in August (Temasek releases its annual review for the year ended March 31 in early July), Temasek spokesperson Jeffrey Fang told MediaCorp, "We decline to comment on the speculation." Reuters now report that Ho Ching told her employees that had she had to leave on a high note, she could have done so last year. Last year Temasek's port folio rose 43% year-on-year to $186 billion at the end of March. The same last year, her husband had no inkling that the election results will net a significant...

Full article: http://sg.news.yahoo.com/blogs/singaporescene/pm-lee-push...

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