13 Mar 2006

PM: Temasek's Investment in Thailand a Commercial Decision

Prime Minister Lee Hsien Loong says Temasek Holdings' investment in Thailand is their commercial decision.

He says relations between Singapore and Thailand remain strong.

Mr Lee was asked to comment on the protests in Thailand against the Temasek-Shin Corp deal.

Mr Lee says: "We encourage them to go regional, we encourage them to take long-term stakes in our neighbours because we have confidence in Southeast Asia and our neighbours, and so does Temasek.

"But they make their own commercial decisions and when they go in they have to comply with the laws and all the rules of the countries which they go into.

"Just like when foreign companies invest in Singapore, we expect them to comply with all our laws and rules. We have very good relations with Thailand which we would like to develop and prosper in all fields."

2 comments:

  1. yep and why do they love the law? Because the law appears to favour the weak. In fact the law favours the financially strong, regardless of their moral weakness. hey here's a great idea lets build a hotel in Burma with a drug dealer, a man who runs the largest private army in Asia. If it get's boring we can get wasted while we watch his donkey's choke on the scaffold.- this was not an automated response- I know you can see my IP and I couldn't give a shit.

    http://fuckdaddyandthefireangel.blogspot.com

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  2. Singapore President's Basic Salary US$1,483,000 (SGD$2,373,100)

    Singapore Prime Minister's Basic Salary US$1,100,000 (SGD1,958,000)

    Minister's Basic: US$655,530 to US$819,124 (SGD1,166,844 to SGD1,458,040) a year

    Average Singaporean: US$26,000 (SGD43,104 or SGD3,592 per mo) Source: Singapore Ministry of Manpower

    United States of America
    President: US$200,000
    Vice President: US$181,400
    Cabinet Secretaries: US$157,000


    United Kingdom
    Prime Minister: US$170,556
    Ministers: US$146,299


    Australia
    Prime Minister: US$137,060
    Deputy Prime Minister: US$111,439
    Treasurer: US$102,682

    ReplyDelete

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