Have a confidential tip for our reporters? That’s President Halimah Yacob’s. 1 Headquartered in Singapore, the company covers a broad spectrum of investments in industries such as financial services, telecommunications, media and technology, transportation, … KEPPEL Corporation surpassed even the worst forecasts to post a record quarterly loss of S$697 million, breaching certain conditions for Temasek Holdings' S$4 billion pre-conditional partial offer for the conglomerate. Singaporean state investment firm Temasek Holdings reports a plunge in returns over a one-year period. And in the fiscal year 2020, that contribution was expected to be S$18.6 billion. Firstly, we’d be suffering great financial losses if we were forcibly selling assets, but we have to understand the roles SWFs play, and in particular Temasek and GIC. Read our Chairman's message Watch Temasek Year in Review We ended the year with a net portfolio value of S$306 billion. The slide in share values this quarter is also a disappointing end to what was shaping up to be a reasonable year for Temasek, even despite the U.S.-China trade war. ENGLISH; 中文 ; Share this page on: Facebook; LinkedIn; Twitter; WhatsApp; Telegram; Weibo; Tencent; Email; Today’s world is volatile and uncertain. Leave a Reply Cancel Reply. Temasek's biggest shareholdings fall US$23.5b in 3 months. Our Credit Profile provides a snapshot of our credit quality and the strength of Temasek’s Temasek Holdings announces record net portfolio value of S$275b www.channelnewsasia.com Tue, 11 Jul 2017 14:19:21 +0800 Temasek Holdings announced on Tuesday (Jul 11) a record net portfolio value of S$275 billion (US$197 billion) as at end-March 2017, up from S$242 billion (US$180 billion) a year ago. However, the Finance Minister went on to admit… S’porean blogger reveals Temasek’s possible loss worth US$1.1 billion in mining gamble. The fund, in the first quarter, sold its 3.8 percent stake in Bank of America Corp., which bought Merrill Lynch, at a loss that may have totaled $4.6 billion. Temasek last month announced a company-wide wage freeze and voluntary pay cuts for senior management in part to help fund community programs aimed at alleviating the impact of Covid-19. Temasek Holdings lost S$24 billion to S$242 billion from S$266 billion a year ago. Since its inception in 1974, Temasek has grown its investment portfolio’s net portfolio value (NPV) from S$354 million to S$306 billion (as of 31 Mar 2020).. For the uninitiated, Temasek is a global investment company based in Singapore. S’pore No Longer Isolating All COVID-19 Patients in Hospitals & It’s Actually a Smart Move, Here’s Why So Many S’poreans Are Getting Infected in the UK: It Was a ‘Stupid Error’, Minister Explains Why It’s Still Not a Lockdown & Why Schools Are Still Open Despite New Measures, Ultimate List of Progressive Measures Made by S’pore Since the First COVID-19 Case to Now. Read Also: Creating A Portfolio Like Temasek Holdings Recently, announced in budget 2015, in view of Singapore’s expected $6.7 billion spending deficit over the next five years, the government has added the expected returns of Temasek Holdings into our budget. You have to hand it to Temasek Holdings.. Temasek Holdings (Private) Limited Sale of Ascendas and Singbridge to CapitaLand is credit positive On 14 January, CapitaLand Limited announced that it has entered into a transaction with Temasek Holdings (Private) Limited We are an investment company with a global portfolio of S$306 billion (US$214 billion) as at 31 March 2020. Before it's here, it's on the Bloomberg Terminal. While state funds are arguably better positioned than most to ride out bouts of volatility because they take a long-term view, when their reserves are required, there can be significant consequences. It may be an opinion, but there are no facts supporting the opinion given by the Temasek Review. Singapore Temasek Holdings Losses S$68.1 Billions - YouTube That means our gahmen need to tap into reserves to help its people and businesses that are bleeding from the impact of the virus. So, back to the question – does PAP take our CPF to pay for the losses of GIC and Temasek Holdings? Sovereign wealth funds (SWFs) have been accused of having hidden agendas, being state economic weapons. In the past four years, Temasek has infused roughly S$400 million in new-age Indian companies like Ola, Policy Bazaar, Zomato, Manthan, PineLabs, UST Holdings and CarTrade. As of 31 March 2019, 42% of Temasek Holdings assets are not publicly listed and are less affected by the stock market. In fiscal 2020, that contribution is expected to be S$18.6 billion ($12.8 billion). Now is the time to see how we can all get rid of this virus.”. Corrects to remove chart from story published March 24 that erroneously included Siemens AG in a list of Temasek shareholdings that had produced major declines. SINGAPORE — Ms Ho Ching will step down as chairman of Temasek International, the wholly owned management and investment arm of parent company Temasek Holdings. This list of organizations invested in by Temasek Holdings provides data on their funding history, investment activities, and acquisition trends. The plunge comes at a critical time for Singapore, whose financial strength is partly linked to Temasek, sovereign wealth fund GIC Pte, and the Monetary Authority of Singapore. Which sounds really bad, because our budget for 2020 is projected to be in a deficit of S$10.9 billion, the highest in a decade. Temasek Holdings Pte's biggest equity shareholdings and those of its subsidiaries have plunged almost US$24 billion since January as the spreading coronavirus sends markets into spasms. (Bloomberg) -- Alibaba Group Holding’s U.S.-listed shares tumbled the most ever on concern over China’s inquiry into alleged monopolistic practices at the e … Temasek Review 2020. But now is not the time to think about whether you’ve made a loss or not. … SINGAPORE - Volatile stock markets took their toll on Singapore investment firm Temasek Holdings' portfolio value which shrank for the first time since the global financial crisis. Temasek Holdings is set to take control of conglomerate Keppel Corporation with an offer by its wholly-owned subsidiary Kyanite Investment Holdings to acquire an additional 30.55 per cent of Keppel shares at $7.35 apiece in cash. It had invested ₹120 crore in 2010 and sold its stake gradually since 2015. ), When You Exercise & Eat at the Same Time #shorts. TEMASEK HOLDINGS News - Find latest News & top stories about TEMASEK HOLDINGS. by Aldgra F. 24 September 2020. in Business. Follow Bloomberg on LINE messenger for all the business news and analysis you need. Yep. PHOTO: BT FILE. Temasek Holdings’ CEO, Ho Ching, who is also the wife of Prime Minister Lee Hsien Loong, did not comment on her lacklustre performance but the annual report blamed “volatile markets” for the losses. After reading that headline you might be in a state of panic. Singapore state investor Temasek Holdings is looking to buy stakes in listed groups Marco Polo Marine and Ezion Holdings, The Business Times reported on Thursday.Heliconia Capital - … SINGAPORE -- Singapore's state-owned investment company Temasek Holdings Pte. “It’s pretty obvious with the way stock markets are behaving recently that we should expect the returns to be down,” he said. Get more information about TEMASEK HOLDINGS at straitstimes.com. Temasek, which had assets worth S$185 billion ($123 billion) as of March 2008, is nursing losses from its high profile investments in Merrill Lynch and … “But now is not the time to think about whether you’ve made a loss or not. Temasek is due to release its annual report for the year ended March 31, 2020 in a few months. The company Monday boosted its share buyback program to $10 billion. 5 Temasek Holdings myths we discovered during its annual press conference. And what this meant for Temasek Holdings is…. Singapore state investment giant Temasek Holdings said Thursday its global portfolio suffered its first annual loss since the financial crisis seven years ago as global stock markets were hit by a series of China-linked routs. The SWFs of China or Norway may serve entirely different purposes to Singapore’s. Temasek Holdings (as well as the Singapore version of 1MDB, the GIC) continued (and still continues) to bleed cash, reportedly losing S$24 billion in its latest financial year ending March 31, 2016. Singapore sovereign wealth fund Temasek's portfolio climbed 32 percent between April to end-July this year, recovering much of its losses in the last financial year, as global markets rallied. You should be focused on putting out the fire. Globally, state funds control some of the biggest pools of investments with the 10 largest overseeing $5.8 trillion, data from the Sovereign Wealth Fund Institute show. In January, Temasek International Chief Executive Officer Dilhan Pillay said the firm’s portfolio value was up by about 3%. It has never managed CPF funds." TEMASEK HOLDINGS News - Find latest News & top stories about TEMASEK HOLDINGS. Temasek Holdings’ CEO, Ho Ching, who is also the wife of Prime Minister Lee Hsien Loong, did not comment on her lacklustre performance but the annual report blamed “volatile markets” for the losses. Temasek Holdings Losses – Temasek Assets Recover To $186b From It Losses Of $55b in 2008 THURSDAY, 08 JULY 2010 16:25 Temasek Holdings, Singapore’s state investment firm, plans to buy more Asian assets after bets on the region drove a record gain in the value of its holdings. For the fiscal year ended Mar 31, 2009, however, Temasek's portfolio of … Temasek Holdings is an investment holding company incorporated on 25 June 1974 under the Singapore Companies Act to manage the Singapore government’s investments in government-linked companies (GLCs). The fashion world has suffered from yet another devastating loss of one of the most iconic and revolutionary French... Do you want to do your part for Singapore's fight against Covid-19? A spokesman for Temasek declined to comment further. Temasek’s $3 Billion Bid for Keppel at Risk as Conglomerate Reports Big Loss. And he’s god damn right. That’s not to say the decline in public equities spells outright doom for Temasek. SINGAPORE, July 29 – Singapore state investor Temasek said on Wednesday its portfolio had fallen by S$40 billion as of end-March 2009 from a year ago. Based […] Singaporean state investment firm Temasek Holdings reports a plunge in returns over a one-year period. And because of the losses, Temasek Holding’s portfolio shrank by 31% and GIC’s portfolio shrank by 25%. Showering in the Morning vs Evening: Which is Better? Temasek, which had assets worth S$185 billion ($123 billion) as of March 2008, is nursing losses from its high profile investments in Merrill Lynch and … Relying primarily on a Bloomberg article published on the same date (see here), the article made a number of allegations directed primarily at Singapore’s sovereign wealth funds, Temasek Holdings and the Government Investment Corporation (GIC). Incorporated on 25 June 1974 as a Commercial Investment Company, Temasek owns and manages a net portfolio of S$306 billion (as of 31 March 2020), with S$26 billion divested and S$32 billion invested during the year, and 66% exposure to Asia – 24% Singapore and 42% Asia ex-Singapore. Tue, Mar 24, 2020 - 4:21 PM. 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