
Talk about influence! China, a country with 1.3 billion people, recently said it was considering establishing a company "like Temasek Holdings," the investment arm of the government of Singapore—a country of 4 million. Temasek in the past five years has moved from being a passive custodian to being an active—and outstanding—investor. Shareholder equity has nearly doubled since 2002, to about $90 billion.
When Ho Ching became CEO in 2002, she overhauled Temasek, setting up more precise performance guidelines while raising accountability and transparency. Ho is well connected: her husband is Prime Minister Lee Hsien Loong, son of Singapore's legendary elder statesman Lee Kuan Yew. But she has taken a strictly professional approach. Rather than prop up zombies, she has not been afraid to let operations fail.
Ho's critics like to focus on Temasek's troubled $3.8 billion purchase of Shin Corp. from former Thai Prime Minister Thaksin Shinawatra. But as one of my mentors instructed me, if you do not make mistakes, you are not trying and will never succeed. Both Japan and South Korea have just announced that they too are considering "Temasek-like entities." Expect even more countries to discover that the road to the future runs through Singapore.
Temasek's Chief Executive Ho Ching has been named one of Time magazine's 100 most influential people in the world.
She is among 29 women in the list which includes US Secretary of State Condoleezza Rice and Indra Nooyi of PepsiCo.
This is the first time Ms Ho Ching has made it to the list of Time's Most Influential.
In the past, she had been named as one of Fortune's and Forbes's most powerful business women in Asia.
TIME said it recognises these 100 people as those "whose power, talent and moral example is transforming the world".
Among this year's highlights - Chinese President Hu Jintao is on the list for the first time and there are more names from Asia than previous years.
This year's honourees come from 27 countries and they fall under four subsections - Leaders & Revolutionaries, Artists & Entertainers, Scientists & Thinkers, and Heroes & Pioneers.
Also in this year's list are Osama bin Laden, American Idol creator Simon Fuller, Asia's richest man Li Ka-shing and Borat actor Sacha Baron Cohen.
Time's senior editor Zoher Abdoolcarim, based in Hong Kong, said drawing up the list was nothing short of a global exercise.
Editors, correspondents and reporters worldwide were consulted before a team of editors at the magazine's headquarters whittled the list down to the final 100.
"A lot of countries are looking at it (Temasek Holdings) as a way to channel investments of government revenues, as a model to do that," said Time's senior editor Abdoolcarim.
"The second thing is that Temasek Holdings has in the past year acquired a much higher profile. It has been on an acquisitive trail, investing in a lot of new countries that it wasn't looking at before. So I think this elevates Temasek to a new level of operation and strategy, and this stems very much from Ms Ho Ching's leadership."
Mediacorp "por" mah!!! Don't forget mediacorp is under govt control so they only broadcast what the govt allows and wants us to know. In this case, they "por" the govt by making a hoo-ha about this ho ching, the wife or hubby of lee hsien loong.Originally posted by Hogzilla:I dun see the point why Mediacorp make such a big woohoo abt her in the top 100 influential figure.
Well, our local newspapers made use of 'counter-insurgency' without apparently appreciating the meaning and implications of this term.Originally posted by laurence82:They know the meaning of influential or not?
I think the standard of English among ST journalists droppedOriginally posted by fudgester:Well, our local newspapers made use of 'counter-insurgency' without apparently appreciating the meaning and implications of this term.
We would find it more CREDIBLE if it was published in some foreign papers....Originally posted by robertteh:It is all self-centredness and hypocrisy to feature talented or success in this manner using our controlled media to present a good image of our ministers or leaders.
Real success is like Switzerland's or Finland's system of running where the citizens become successful in winning Nobel Prizes and their legally elected MPs are able to offer alternative solutions to wrong policies like government;s selective benchmarking of ministers' pays and their writing of their own pay cheques/
A good system is where the ministers and MPs are able to contribute to corrections of problems created by autocracy without worrying about their own promotions to million-dollar ministers or being side-lined in successions.
There is no sign that we are respecting and motivating ordinary citizens who are not the elites to rise up in life or work because of proper motivations to create world beating products as quiet good and unassuming leaders in India and China are doing.
So our ministers and their controlled media chiefs should wise up and stop making any more claims about cheap and superficial success or hypocrisy to help a few elites or leaders to look good and start serving the people as good leaders ar doing in India and China over the past few years.
Repeat lah. Was mentioned a few years ago liao. They just want to repeat so we don't forgetOriginally posted by mhcampboy:As polled by Time Magazine...![]()
She looks ladylike here...
Originally posted by googoomuck:Put it this way: She is influential as she singlehandedly forced a premier to resign and made a nation divided.
From TIME 100
HO CHING
PRO: Runs Singapore's state-owned holding corporation that has $50 billion in assets. Married to the Prime Minister, she is one of the most powerful women in Asia.
CON: She stumbled when she greenlighted the acquisition of a telecommunications company from the former Thai prime minister — a $4 billion tax-free transaction that caused a furor in Thailand and ultimately led to a coup there.
Is she worthy?
The very fact that she managed to snag LHL as her husband shows that she was already a potent force to begin with.Originally posted by allentyb:OK SO?
she is one of the top 100 list
if she is not the wife of that LEE, i doubt she is capable of even being in the top 100
Think it didn't pick up here... kekeOriginally posted by laurence82:They know the meaning of influential or not?
Originally posted by airgrinder:Think it didn't pick up here... keke![]()