Sir, You suggest that Singapore's authorities gave China Aviation Oil's parent company preferential treatment because it is a state-owned enterprise in China, which is a "big source of listings" for Singapore (Lex, August 20). The suggestion is baseless.

2   Whether in implementing our laws on vandalism, which you say provoked "international outrage" a decade ago, or in preserving the integrity of our capital markets, Singapore enforces its laws and rules independently and consistently. That is how the country has gained its credibility, and why reputable surveys such as that by Political and Economic Risk Consultancy in 2004 rank Singapore top in Asia on the quality and integrity of its judicial system.

Angelina Fernandez
Director (Communications)
Monetary Authority of Singapore