Newspaper review

Day of article: 3 december 2008, Wednesday
Title: Last of temasek's pwer units sold to malaysian company
Section:the straits time,money,-page B24

Summary:Temasek holdings has stunned the market by announcing that it has sold electricity generator,power Seraya to a unit of malaysia's YTl power international for $3.8 billion. Market talk had suggested that relative poor investor interest and lower than expected indicative bids by investors had led to temasek's earlier decision.
The sale of the powe units is aimed atliberalising the powr generation industry. Private ownership can trigger stronger competition,possibly leading to lower costs and lower electricity prices. YTL power believes its partcipation in Singapore electricity market will put it in a prime position to contribute towards the liberalisation of the malaysian electricity market.

Summary:
I believe many had not notice about the recent decision of the temasek holdings to sell the electricity generator to our neighbouring country, malaysia. I believe the $3.8 billion could help the temasek holdings to solve the financial crisis in their company due to the US recession.However, I think the selling of the last power units to other country may not be a good decision as Singapore is one of the countries in the world that faced limited land spaces and also limited amount of resources. Therefore, we need to maintain peace and good relationship with malaysia so that they would not raise the prices of their resources. Hence,it is better to have our own resources so that we could protect ourselves when we face a crisis and relying less upon other countries.

Done by liang yueh=)