Tongnoi will not be advisor of Temasek's Bangkok office
Temasek Holdings announced Thursday that MR Tongnoi Tongyai would not become the advisor for the company's local office in Thailand.
"After thorough consideration, MR Tongnoi Tongyai and Temasek Holdings unanimously agree that MR Tongnoi would not be the advisor for Temasek's office which will be established in Thailand," said Jimmy Phoon, senior managing director of the Singapore investment arm, in a press statement. The announcement ends speculation that Temasek tried to quash criticisms on the morality of its investment in Thailand, with the appointment of Tongnoi who is a deputy principle private secretary of HRH Crown Prince Maha Vajiralongkorn. The Nation
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