Things That Make You Go “Err”: According to Taiwanese News Ho Ching Is Paying Herself a Cool US$100 Million a Year Out of Public Funds
Despite being an unelected public servant appointed as CEO of Temasek by her husband, with a track record that would have got her fired long ago at a private equity or hedge fund, Ho Ching has never been shy about making political statements. In the last election in 2015 she put up posts supporting the PAP and her husband. Recently she defended Lee Hsien Loong’s salary while refusing to tell us what she earns. Notwithstanding what must be a herculean workload and heavy responsibilities, she still has plenty of free time to accompany the PM on most state visits using ST Aerospace’s Gulfstream, meeting foreign heads of state like the Obamas (where she used a $15 handbag made by an ITE student in a ludicrous effort to convince Singaporeans she was just a regular HDB dweller). She also appears to participate in summits and play an active role in the nation’s foreign policy. Her extraordinary multitasking skills are also evident in her management of her social media as she (or her team of taxpayer paid media consultants) make Facebook posts several times an hour. Clearly she has very little to do at Temasek other than count her money (wonder how many woman-hours that would take?).
Now she has interfered in foreign affairs yet again, making the instantly famous and ungracious “Errr” comment on Facebook in relation to news that Taiwan was donating medical masks to Singapore.
This prompted a Taiwanese news channel to run a story on the controversy where they apparently mentioned Ho Ching’s salary as being $100 million a year (presumably USD so roughly S$143 million a year):
Since 2009 I have led practically a one-man crusade for transparency at our sovereign wealth funds and for Ho Ching’s remuneration to be made public. Here are some of the links below to articles dating back to 2015 where I questioned why her pay is a state secret:
Finally the rest of the world has started to take notice and even Singaporeans are starting to cotton on, particularly after I pushed Sylvia Lim and the Workers Party to ask questions in Parliament. The only reason the first couple are able to get away with paying themselves and their cronies obscene amounts out of public funds is because Singaporeans are kept in a state of ignorance. If Lee Hsien Loong refuses to give us the information we have a right to know (including his wife’s remuneration, the state of the reserves and whether our CPF is still safe) Singaporeans need to vote out this Government and replace it with a new one. At the very least ensure that at least 34% of MPs are proper and not fake Opposition. If they do not then they have no excuses.