Archive | May, 2000

Temasek Cannot Divest Stakes in GLCs Overnight

According to the press release, “We refer to Mak Yuen Teen’s letter “Cut the knot of government ownership of GLCs” (ST, 2 May 00), and thank him for his comments. GLCs are products of history 2 As Mr Mak has rightly pointed out, the original purpose behind the government’s involvement in business was to accelerate […]