Saying No to Singapore Companies in Malaysia

I have since 1995 banned Singapore related companies, especially those which are owned by Harry, Son & Co -- Temasek Holding. I am making a conscious effort NOT to buy or spend or use any products or services associated with Singapore. They will NOT get a single sen from me, ever.

Ever since "losing" and "wasted"10 years of my life in Singapore, I've decided to "take them back"! Harry, Son & Co., are you listening?

Temasek Holdings is the investment arm of the Singapore government and owned 100% by the Ministry of Finance. Basically, it's run by the Lee Family -- Harry, Son & Co. Temasek Chief Executive, Ho Ching, is the wife of current Singapore's Prime Minister and Minister for Finance, Lee Hsien Loong. Lee Kuan Yew is the Minister Mentor.

The followings are the companies linked to Temasek Holdings:-

Finance & Banking

* DBS Bank (28% as of 2004)

* PT Bank Danamon Indonesia (link) (56%)

* Bank Internasional Indonesia (link) (28%)

* Hana Financial (9.99%)

* ICICI Bank (9% as of 2004)

* Fullerton Fund Management

* China Minsheng Banking Corporation

* China Construction Bank (5.1%) (1/7/05)

* Bank of China (4.765% since June 2006)

* NIB Bank Pakistan (72.6%) (7/7/05)

* Standard Chartered Bank (11.55%) (28/03/06)

Telecom & Media

* MediaCorp (100% as of 2004)

* Singapore Press Holdings

* Singapore Telecommunications (63% as of 2004)

* Shin Corporation (more than 95% as of April 2006 via Cedar Holding and Aspen Holding(link[1])

* ST Telemedia (link)

* Telekom Malaysia (5% as of 2004)

* TeleSystem (2.6%)

Multi-Industry

* Singapore Technologies (link)

* Keppel Corporation (link)

* SembCorp Industries (link)

Transport & Logistics

* PSA International (100% as of 2004)

* SIA (57% as of 2004)

* Jetstar Asia Airways (19% as of 2004)

* Tiger Airways (11% as of 2003)

* SpiceJet

* Neptune Orient Lines (68% as of 2004)

* SMRT Corporation (54.8% as of 2005)

* SembCorp Logistics (link)

Property

* CapitaLand (44.5% as of 2005) (link)

* Mapletree Investments (link)

* Keppel Land (link)

* The Ascott Group (link)

* Raffles Holdings (link)

Infrastructure & Engineering

* Keppel Offshore and Marine

* Singapore Technologies Engineering (link)

* SembCorp Marine (link)

Utilities

* Singapore Power (link)

* PowerSeraya (link)

* Senoko Power (link)

* Tuas Power (link)

* Sembcorp Utilities

* City Gas

* Gas Supply

* China Power

Others

* Chartered Semiconductor Manufacturing (link)

* STATS ChipPAC (link)

* Wildlife Reserves Singapore (link)

* Aetos Security Management (link)

* MPlant (14.73%)

* Mahindra & Mahindra (4.7%)(2005)

* Amtel Holland Holdings (invested US$70M)(8/7/05)

Pharmaceuticals

* Quintiles (16% as of 2004)

* Matrix Laboratories (14% as of 2004)

There are also other corporations or companies associated with Singapore which have presence in Malaysia, but are not necessarily associated with Temasek Holdings.

The list is as follows:-

• OCBC Bank
• UOB Bank
• Great Eastern Life Assurance
• Asia Life Assurance
• Asia General Insurance
  
• Bread Story
• Gardenia Bread (70% owned by QAF Limited)
• Creative Technology
• AZTech
  
• Swank Shoes
• Bee Cheng Hiang foodstuffs
• Akira electrical appliances
• Lam Soon products
• Yeo's drinks and foods products
• F&N
• Tiger Beer
• Osim
• Tiger Balm
• Kwan Loong Medicated Oil
• Gleneagles Hospital
• Pacific Internet
• WebVision Hosting
• Adam Khoo Learning companies
  

This list is continuously updated as more companies linked to Singaporeans are found.

More recently, I nearly accepted a housing loan from Standard Chartered Bank. Some research into the bank background revealed how Temasek Holdings bought 11.55% from Khoo Teck Puat in March 2006. Too bad,... I would have chosen Standard Chartered Bank if not because of the its association with Temasek Holdings. They've just lost another customer!!