Debated in Parliament on 2 Nov 2020.
Mr Leon Perera asked the Deputy Prime Minister and Minister for Finance whether the Government will seek to use its influence as the shareholder of Temasek Holdings to require that SIA reviews its practice of fuel hedging.
We have discussed the relationship between the Government and its investment entities many times in this House. Ms Sylvia Lim had a similar question earlier in October on whether the Government will use its shareholder influence to accomplish other objectives.
Our answer remains unchanged. The Government maintains an arm’s-length relationship with its investment entities. We do not direct or influence their commercial or operational decisions. This principle applies likewise to their portfolio companies.
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