Home

Web Blog

Shopping

NationEjobs

Web Directory

Back Issue








Fri, April 7, 2006 : Last updated 22:30 pm (Thai local time)



Lite version


Printable version


E-mail this article


Bookmark



Web


The Nation





Home > Business > Glasnost from Singapore govt





STREET WISE
Glasnost from Singapore govt

Following the release of an article by Agence France-Presse about Singapore Prime Minister Lee Hsien Loong's speech in parliament on Monday, editors here were left wondering what was behind the story.

Had there been hushed criticism in Singapore, a country known for muzzling any dissenting speech, about state-linked Temasek Holdings' investment in Thailand? If not, why did he need to make the speech?

Adding to the suspicion was a speech in the same place on the same day by Raymond Lim, Singapore's second minister for foreign affairs. Lim said in parliament that Singapore's ties with Thailand remained strong despite recent anti-Singapore sentiment in Thailand arising from Temasek's purchase of Shin Corp.

"It is unfortunate that there have been attempts by some groups in Thailand to drag Singapore into that country's internal politics," he said.

Indeed, Temasek's investment in Thailand met with widespread criticism. Thailand's social activists and opposition parties accused Prime Minister Thaksin Shinawatra of lacking legitimacy after his family and his in-laws sold their holdings in Shin Corp Plc for US$1.9 billion (Bt73 billion), tax free, to a consortium led by Temasek.

There have been mass protests including one in front of the Singapore Embassy in Bangkok where a poster of Lee was set on fire. There's a famous song in town that describes Thaksin's lack of credibility. Unfortunately, Singapore was mentioned too, mocking its involvement in the deal.

Maybe that was why Singapore cabinet members needed to explain the situation to their lawmakers.

But the speeches were a surprise. In a small place like Singapore, the investment of a state-linked agency - and its consequences - were discussed in Parliament.

Meanwhile, in Thailand, a hugely important issue like free-trade pacts which produce substantial consequences for millions of Thais were not discussed by lawmakers.

The Thaksin II administration simply said that debate was unnecessary, given that the FTA's pros and cons had been thoroughly considered by the negotiating team. But underlying this was an understanding that even if the agreements were tabled for parliamentary discussion, they would be approved because Thaksin's Thai Rak Thai Party dominated the House.

Lee's party also dominates the Singaporean parliament and the party has been in power for a much longer time than Thai Rak Thai.

People in Singapore may complain quietly about their lack of freedom, but at least they had a parliamentary debate on such a vital national issue. Maybe the new government here can improve our image in that respect.

achara_d@nationgroup.com








Most Popular Business Stories


Residential sales 'likely to fall 26% this year'

Price war set to heat up as AIS fights back

Tax expert urges review of Shin deal

US 'always in the driving seat in FTA talks'

Calls for new and stable leadership


Home
I
Web Blog
I
Shopping
I
NationEjobs
I
Job Search
I
Web Directory
I
Back Issue


E-mail Us

I


Feed Back

I


Terms & Conditions

I


Advertisments

Privacy Policy © 2006 Nation Multimedia Group
44 Moo 10 Bang Na-Trat KM 4.5, Bang Na district, Bangkok 10260 Thailand
Tel 66-2-325-5555, 66-2-317-0420 and 66-2-316-5900 Fax 66-2-751-4446
Contact us: Nation Internet
File attachment not accepted!