Temasick to Wayang Itself Out of Responsibility to Sporns!

[makapaaa]

WTF is it trying to do? Should there not be proper control and procedure in which its funds are allocated for the benefit of all Sporns? We're talking about public funds that they are dealing with! WHERE THE FCUK IS THE ACCOUNTABILITY?


<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published August 26, 2009

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Temasek to give freely to the community

By LYNETTE KHOO
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(SINGAPORE) In its newly revised charter, Temasek Holdings has spelt out its commitment to community giving loud and clear.

In a media roundtable yesterday, Temasek chief executive Ho Ching said that one key difference between the Temasek Charter 2002 and the Charter this year is that Temasek is being more explicit in its commitment to the community this time.
'Temasek is a responsible corporate citizen and is committed to contributing part of its returns to encourage the growth and development of the wider community,' the Temasek Charter reads.
In conjunction with its 35th anniversary in June, Temasek also launched Temasek Cares this year, a philanthropic initiative focused on helping the underprivileged and building the community in Singapore.
The charity will be supported by an endowment of $100 million.
This is the latest addition to its stable of non-profit philanthropic organisations contributing to Singapore and to Asia.
Two years ago, Temasek formalised its commitment through the launch of the $500 million Temasek Trust. Governed by a distinguished board of trustees, the trust looks after the donated funds. For every year of positive wealth added since 2003, Temasek has committed to set aside a portion for Temasek Trust.
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</TD></TR></TBODY></TABLE>The trust sponsors non-profit philanthropic organisations (NPOs) such as the Temasek Foundation, the Singapore Technologies Endowment Programme (STEP), the Singapore Millennium Foundation (SMF), and the Temasek Life Sciences Laboratory (TLL).
Temasek Foundation is focused on healthcare, education, research and relief work in Asia among various things, while STEP, SMF and TLL focus on cultivating talent and knowledge creation.
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