Under the Singapore Constitution, Temasek is a Fifth Schedule Company, directly and independently accountable to the president of Singapore for the protection of Temasek's past reserves.
While the president does not direct Temasek's investment and company decisions, prior approval from the president is required for any activity which may draw on Temasek's past reserves.
To date, Temasek has not drawn on its past reserves.
Temasek does not manage or invest any CPF money. Nor does it manage the foreign reserves of Singapore.
Read more here
http://www.businesstimes.com.sg/sub/views/story/0,4574,439752,00.html
Vote for Dr Tan Cheng Bock as President or else we will have a walk over and lose the meaning of having an “Elected President” to protect our Reserves!
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