Controversy
Temasek is fully owned by Singapore's Ministry of Finance, and these close links to the government have on several occasions caused protests in foreign countries.
- When ST Telmedia (STT Communications), a Temasek-linked company (TLC), took a significant stake in Indonesian Indosat, workers went on strike to protest working for Singapore.
- In 2003, when ST Telemedia (STT Communications) acquired a two-third share of computer networking telco Global Crossing, the acquisition had to be approved by the U.S. government to ensure a foreign government did not control the extensive network.
Read more about this topic: Temasek Holdings
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