Apres Ho Ching, Le Deluge?

Ho Ching, the wife of prime minister Lee Hsien Loong, is departing from stewardship of Temasek Holdings in good time for her successor to have to be the one in charge when the disastrous performance for 2008 and 2009 comes around. Such are the circumstances that the Singapore leadership has decided that it is best that a foreigner replace her – not that Temasek's earlier recruitment of Wall Street whiz-kids has done it much good. This time former BHP Billiton boss Chip Goodyear just might shift Temasek's attention away from disastrous forays into finance towards the natural resources which are so abundant in Southeast Asia but so conspicuously lacking from its Temasek's portfolio.

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