Singapore Media Watch

Tuesday, October 31, 2006

The Nation: Court to rule on Shin deal, PM tells Lee

Surayud rules out govt interference as Singaporean prime minister urges a solution during Asean-China meeting


Prime Minister Sura-yud Chulanont yesterday told his Singapo-rean counterpart the military-backed government would not intervene in the judicial process over the controversial Temasek Holdings takeover of Shin Corp.

This followed a bilateral meeting between the two leaders on the sidelines of the Asean-China Summit in Nanning, China. It marked Surayud's first international meeting with top regional leaders.

Singaporean Prime Minister Lee Hsein Loong asked Surayud how Temasek's buy-out of Shin Corp could be amicably resolved.

In a rare move, Lee sought a way out for Temasek, which is the Singapore government's investment arm. He had been quoted as saying on several occasions the takeover of Shin Corp was based on business judgement alone and had nothing to do with the Singaporean government. (Read more...)

1 Comments:

  • If the deal has nothing to do with the government, then why is LSL the PM of Singapore so involved? And is he chatting to another premiere on the sideline during an official occassions?

    Who is he acting for, and who has he been speaking out for - Temasek, the Government or/and his wife?

    By Anonymous Anonymous, at 4:47 PM  

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