Friday 22 February 2008

They don't seem to like our Money very much

After spending almost 30bn USD to bail out financial institutions in the US, the Singapore sovereign funds still do not have much support from the US public.
In the survey done by Public Strategies Inc, the American public favours the Australias and the Norwegian sovereign funds but have strong negative sentiments for the funds from Asia and the Middle East.
Transparency and timely disclosure of the funds allocation may most likely be a reason for the Americans perception. I guess having good public relations with the international media help as well.