Business

May 2, 2007

Singapore owns more of Australia than Australia

Peter Costello was busy showing Lee Kuan Yew around Federal Parliament a few weeks back when the Singapore strongman was in town to pick up an honorary doctorate from ANU. The citation perhaps should have read: "For building the first sovereign state to own more Australian business assets than the Australian Government itself."

Peter Costello was busy showing Lee Kuan Yew around Parliament a few weeks back when the Singapore strongman was in town to pick up an honorary doctorate from ANU. The citation, perhaps, should have read: “For building the first sovereign state to own more Australian business assets than the Australian Government itself.” 

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