PM Lee threw a tantrum : ex CNA reporter questioned about Ho Ching’s salary
#1
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Former CNA reporter recalls being told how PM Lee threw a tantrum after being questioned about Ho Ching’s salary
Kathleen.F
2019-05-24 Current Affairs

Former Channel NewsAsia (CNA) reporter Haseenah Koyakutty shared a blog post written by Reform Party chief, Kenneth Jeyaretnam in which he again questions the secrecy behind the salary of Temasek Holdings CEO and wife of Prime Minister Lee Hsien Loong, Ho Ching.

Ms Koyakutty said she’s ‘glad’ that Mr Jeyaretnam is remaining persistent on the issue which she herself has attempted to dig into several times before.


Haseenah Koyakutty
@HaseenahKoya
#Singapore #Succession #HoChing:

Kenneth ain’t gonna let go on this Ho Ching salary topic, and I’m glad persistence pays!

“At least the fact that the @wpsg has asked (the) question for the first time is a breakthrough of sorts.” ⬇️

1/5 https://twitter.com/KenJeyaretnam/status...0328715275
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#2
No answers, only deflections
In his article, Mr Jeyaretnam highlights Worker’s Party MP Png Eng Huat asking the Ministry of Finance (MOF) in Parliament for details about the remuneration of the top brass at Temasek Holdings and GIC – a holding company and sovereign wealth fund, both owned by the Singapore government.

In Parliament, Second Finance Minister Lawrence Wong responded to MP Png’s question by saying that the government has an ‘arms-length’ relationship with Temasek and GIC and that the government refrains from interfering with their Boards’ decisions, such as the appointment of Ho Ching as CEO of Temasek. He later adds that salaries at Temasek and GIC are decided respectively by independent boards.

“Broadly speaking, both entities adopt remuneration frameworks that are based on performance and industry benchmarks”, he explained.

Mr Jeyaretnam said, “If I am wrong about the likely billions of dollars Ho Ching has been paid, then why has the Government refused to tell us her earnings? Why is it a state secret?”

Temasek, as TOC has reported before, is an exempt private company under the Singapore Companies Act, meaning it is not required to publish its audited statutory consolidated financial statements. Without those, we have no way of know just how much Ho Ching makes as CEO.

When Mr Png pointed out in a follow up question that the government should know the remuneration structures of the companies of which they are the major shareholders, Mr Wong proceed to merely explain ‘the system’ they are attempting to design with Temasek and GIC – sidestepping any discussion of remuneration.

This response is entirely contradictory to what the Minister of Law and Home Affairs K Shanmugam had said in parliament before that “you can ask for whatever information that you want and we will either have to give you the information or we will have to explain to you why we cannot give it”.
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#3
Why so difficult?
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#4
12-7-2019 10:15 AM
sukhoi35 said:
No answers, only deflections
In his article, Mr Jeyaretnam highlights Worker’s Party MP Png Eng Huat asking the Ministry of Finance (MOF) in Parliament for details about the remuneration of the top brass at Temasek Holdings and GIC – a holding company and sovereign wealth fund, both owned by the Singapore government.

In Parliament, Second Finance Minister Lawrence Wong responded to MP Png’s question by saying that the government has an ‘arms-length’ relationship with Temasek and GIC and that the government refrains from interfering with their Boards’ decisions, such as the appointment of Ho Ching as CEO of Temasek. He later adds that salaries at Temasek and GIC are decided respectively by independent boards.

“Broadly speaking, both entities adopt remuneration frameworks that are based on performance and industry benchmarks”, he explained.

Mr Jeyaretnam said, “If I am wrong about the likely billions of dollars Ho Ching has been paid, then why has the Government refused to tell us her earnings? Why is it a state secret?”

Temasek, as TOC has reported before, is an exempt private company under the Singapore Companies Act, meaning it is not required to publish its audited statutory consolidated financial statements. Without those, we have no way of know just how much Ho Ching makes as CEO.

When Mr Png pointed out in a follow up question that the government should know the remuneration structures of the companies of which they are the major shareholders, Mr Wong proceed to merely explain ‘the system’ they are attempting to design with Temasek and GIC – sidestepping any discussion of remuneration.

This response is entirely contradictory to what the Minister of Law and Home Affairs K Shanmugam had said in parliament before that “you can ask for whatever information that you want and we will either have to give you the information or we will have to explain to you why we cannot give it”.

Obviously, something to hide here. They took great pains to not reveal.
It’s just one big farking world for one human kind.
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#5
k#@, need 50 man years to count la...
U think so easy ah?
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#6
Is it because she is drawing an obscene amount with no justification?

12-7-2019 10:25 AM
sukhoi35 said:
Why so difficult?
PRC ktv* hostess once told me "台湾人无情, 香港人无义,新加坡人无稚" dance dance
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#7
Does that mean the current 0.1% growth this quarter past means her salary get cut by 99.9%?

Can someone do Singapore a favour and wake up the dead man, the one who has the brain.
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#8
wad kork is this useful
if 7/10 are the ones allowing this?
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#9
12-7-2019 10:15 AM
sukhoi35 said:
In Parliament, Second Finance Minister Lawrence Wong responded to MP Png’s question by saying that the government has an ‘arms-length’ relationship with Temasek and GIC and that the government refrains from interfering with their Boards’ decisions, such as the appointment of Ho Ching as CEO of Temasek. He later adds that salaries at Temasek and GIC are decided respectively by independent boards.

Arms-length?

They are husband and wife!

Does Lawrence Wong know what that means?

In the middle of the night they are combined as one person, in many occasions.

The evidence are there for all to see, the crown princes. Rolling on the flor laughing

And don't try the bulshit that they are professional enough not to talk about work,
she even signed off as PMO officer on his behalf.
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#10
No wonder Hasseenah left CNA. Sure tio fixed.
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