TOPIC

/ company

Temasek Holdings

Sellers in Jakarta, Indonesia, conduct a live-streamed sales session on TikTok. Photo: AFP

E-commerce

Southeast Asia’s e-commerce gold rush draws Chinese giants

The region’s e-commerce market is set to double by 2030, a new report finds.

7 Nov 2024 - 6:00PM

Banking & finance

Start-up spurs Xiaohongshu-ready ‘experiences’ in Hong Kong

4 Nov 2024 - 12:19PM

ONE Championship

MMA promoter ONE Championship makes ‘few dozen’ job cuts in bid for profitability

17 Oct 2024 - 7:51PM

Mergers & Acquisitions

China’s Fosun in talks to sell stake in Club Med to Singapore’s CapitaLand

The firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, seeks to acquire from 20 to 30 per cent of the hotelier.

17 Sep 2024 - 4:52PM

Club Med’s Kiroro Peak resort, located in Hokkaido, Japan. Photo: Club Med

Singapore

Convicted Singapore tycoon’s mansion sold at US$3.1 million discount

A significant discount offered on OK Lim’s high-end property indicates valuations at the pointy end of the market are under pressure.

24 Aug 2024 - 8:05PM

Banking & finance

Singapore’s Temasek to invest US$30 Billion in US over five years

Temasek to avoid investing in businesses that are in the cross hairs of geopolitical tensions and seeks to structure investments around certain constraints, such as taking passive public equity stakes in listed semiconductor companies.

30 Jul 2024 - 11:00AM

Singapore

Singapore’s US$288 billion Temasek stays bullish on China with eye on US, India

The city state’s sovereign wealth fund says its main priority is building a ‘resilient portfolio’ that can withstand market ‘dislocations’.

12 Jul 2024 - 5:31PM

Temasek is now the 11th largest sovereign wealth fund in the world. Photo: Bloomberg

China property

Singapore fund seeks liquidation of unit of Chinese developer R&F Properties

A winding-up petition filed against Trillion Glory by a private-equity fund owned by Singapore’s investment fund Temasek Holdings is based on unpaid debt of about US$614 million, a Hong Kong exchange filing says.

9 Jul 2024 - 7:22PM

Banking & finance

Explainer | What is the HKIC and why is it important for Hong Kong’s economic development?

The HKIC will use its initial corpus of HK$62 billion (US$8 billion) to support innovative start-ups, enhance economic growth and generate returns for the government.

2 Jul 2024 - 11:57AM

Hong Kong economy

Opinion | Why Hong Kong needs to embrace failure to succeed

A spirit of adventure – from small businesses to the government wealth fund – is crucial as Hong Kong faces rapid changes and challenges.

20 Jun 2024 - 8:30PMvideocam

AI company Smartmore’s founder and chairman Jia Jiaya chats with Financial Secretary Paul Chan Mo-Po and Hong Kong Investment Corporation (HKIC) CEO Clara Chan Ka-chai on June 12 at the Ritz-Carlton Hotel, where a strategic partnership deal was signed between Hong Kong’s wealth fund and the Hong Kong unicorn. Photo: Sun Yeung

Banking & finance

Singapore’s sovereign wealth fund trims stake in China’s biggest lender ICBC

Temasek Holdings, Singapore’s sovereign wealth fund, cut its stake in the Industrial and Commercial Bank of China (ICBC) twice in one day last week, reducing its share of the lender to less than 5 per cent.

4 Jun 2024 - 11:43PM

The state investor reported a 5.2 per cent drop in its net portfolio value to US$283.4 billion in the financial year ended March 2023. Photo: Shutterstock

Banking & finance

Singapore’s InnoVen eyes China’s tech start-ups after US$130m fundraising

Singapore’s InnoVen Capital Group completes a US$130 million first close for its second China fund, as it eyes financing China’s fund-starved start-ups.

26 Jan 2024 - 2:24PM

Banking & finance

Saudi wealth fund PIF fund outpaces Singapore’s GIC with US$31.6 billion splurge

The Public Investment Fund was the world’s most active sovereign investor last year, deploying US$31.6 billion in 2023 versus US$20.7 billion the previous year, according to research consultancy Global SWF

1 Jan 2024 - 2:35PM

Digital currencies

Crypto investors sue Asian venture capital firms for ‘aiding and abetting’ FTX

Temasek, SoftBank and Sino Global were named along with nine other VC firms in a class-action lawsuit alleging they should have known about issues at FTX before it collapsed.

10 Aug 2023 - 4:00PM

Blockchain

Animoca Brands pours US$30 million into Hong Kong start-up Hi

The investment by the blockchain game software unicorn comes as funding dwindles for crypto-related start-ups around the world.

27 Jul 2023 - 7:02PMvideocam

Animoca Brands is investing US$30 million into Hong Kong crypto start-up Hi. Photo: Shutterstock

Singapore

Temasek posts worst showing in 7 years, remains positive on China tech

The drop in net portfolio value is its first since the 2019 financial year and came amid intensified global market volatility.

12 Jul 2023 - 6:23PM

Singapore

Singapore PM Lee ‘finally Covid free’ 6 days after rare rebound case

Singapore’s Prime Minister Lee Hsien Loong had tested positive again on June 1 due to a ‘Covid-19 rebound’.

7 Jun 2023 - 8:47PM

Singapore

‘We are disappointed’: Singapore’s Temasek cuts pay for staff over FTX fiasco

The city state’s sovereign wealth fund said its senior management and investment team were ‘ultimately responsible’ for investing in the now-bankrupt cryptocurrency exchange, which resulted in a US$275 million writedown.

29 May 2023 - 8:57AM

FTX’s other backers such as Japanese investment company SoftBank Group Corp’s Vision Fund also marked down their investment to zero after FTX filed for bankruptcy protection in the US last year. Photo: Reuters

US-listed Chinese stocks

Michael Burry, Temasek add JD.com, Alibaba holdings as Dalio offloads China stocks

The world’s biggest institutional investors are at odds over Chinese stocks just months after singing from the same song sheet.

16 May 2023 - 5:09PM

Banking & finance

Editorial | Wise decision saves Hong Kong’s Exchange Fund from far bigger battering

City’s war chest may have fallen victim to ‘triple whammy’, but thankfully financial regulators shut the door on cryptocurrency products.

1 Dec 2022 - 6:45AM

Singapore

Temasek suffered ‘reputational damage’ over FTX losses, Singapore DPM says

Temasek’s US$275m investment in FTX invited criticism given its status as a state-owned entity that contributes to Singapore’s annual revenue.

30 Nov 2022 - 7:36PM

Singapore

Temasek’s FTX loss an ‘egg on face’ but it’s unfazed: Singapore’s Ho Ching

Former Temasek Holdings CEO and wife of Singapore Prime Minister Lee Hsien Loong described Temasek’s full write down of its US$275 million investment in FTX as one borne of a clear decision, but that was still a painful loss to bear.

29 Nov 2022 - 7:26PM

The cost of Temasek’s investment in FTX was 0.09 per cent of its net portfolio value of S$403 billion as of March 31, said Temasek in a statement on its website on November 17. Photo: Reuters

Bitcoin

HKMA study says stronger disclosure, oversight of stablecoins needed

Stronger reporting rules and oversight of liquidity management could help prevent volatility in the cryptocurrency market from infecting the financial system, HKMA researchers said.

22 Nov 2022 - 6:15PMvideocam

Digital currencies

Singapore’s Temasek writes down US$275 million investment in FTX

Temasek’s action reflects how major investors were caught off guard by FTX’s collapse and how they are now moving to distance themselves from the failed cryptocurrency exchange.

19 Nov 2022 - 11:54AM

Singapore

Singapore’s Temasek bets big on food as world’s supply falters

The US$290 billion state-owned investment empire’s holdings span everything from an Indonesian fish food start-up to an Israeli irrigation firm.

26 Jul 2022 - 11:15AM

Impossible Foods’ plant-based beef. Temasek was an early investor in the US-based foodtech start-up. Photo: Handout

Stocks

Temasek sees better risk-reward in China markets after recent tech setbacks

Temasek sees a more balanced risk-reward profile in China after the recent sell-off. Policy easing remains supportive of the growth outlook, CIO Sipahimalani says.

12 Jul 2022 - 5:01PM

Temasek grew its net portfolio value by S$22 billion to S$403 billion in the year to March 31. Photo: Reeuters

Hong Kong stock market

US fund ploughs US$1.2 billion into Alibaba, China tech stocks in value bets

Dodge & Cox is making one of the most aggressive bets on Chinese tech stocks, after ploughing more than US$1.2 billion into Alibaba, Baidu, JD.com and Tencent proxy Naspers over the past four quarters

30 May 2022 - 9:14AMvideocam

Hong Kong property

Reit investors seek clarity on the future of Hong Kong’s Festival Walk

Investors have raised questions about the viability of Festival Walk, the upmarket Hong Kong shopping centre owned by a unit of Singapore’s Temasek Holdings.

19 May 2022 - 7:30AMvideocam

Help preserve 120 years of quality journalism.

SUPPORT NOW

Temasek Holdings

Temasek Holdings is an investment company owned by the government of Singapore. Temasek is one of a few global firms with the highest corporate credit ratings by both Standard & Poor's and Moody's, of AAA and Aaa respectively.

Chairman / President

Lim Boon Heng

CEO / Managing Director

Dilhan Pillay Sandrasegara

CFO / Finance Director

Kevin Cheong

Industry

Investment Management

Website

temasek.com.sg

Headquarters address

Temasek Holdings (Private) Limited,28 Orchard Road,Temasek Holdings,Singapore 238832

Year founded

1974

last updated:

30 September, 2024