Temasek’s top 12 equity holdings by market value were worth a combined $73.8 billion on Jan. 2 … And he’s god damn right. Singapore Airlines is majority-owned by the Singapore government investment and holding company Temasek Holdings, which held 55% of voting stock as at 31 March of 2020.. Singtel is the biggest source of the decline, with Temasek’s majority stake in the business slumping $7.4 billion. That means our gahmen need to tap into reserves to help its people and businesses that are bleeding from the impact of the virus. Ltd. lost 58 billion Singapore dollars (US$39.91 billion) from … The Minister for Finance, a body corporate under the Singapore Minister for Finance (Incorporation) Act (Chapter 183), holds 100% of Temasek. by Aldgra F. 24 September 2020. in Business. Yeah, we were doing better than the year before until shit happens. 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. Showering in the Morning vs Evening: Which is Better? Each year, our gahmen‘s budget is partly funded by a net investment return contribution, which is based on returns from Temasek, sovereign wealth fund GIC, and the Monetary Authority of Singapore. SINGAPORE -- Singapore's state-owned investment company Temasek Holdings Pte. “But now is not the time to think about whether you’ve made a loss or not. Temasek Holdings lost S$24 billion to S$242 billion from S$266 billion a year ago. 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. But uh… what does this have to do with us ordinary poor folks with no money and no stocks? Their biggest share, Singtel, dropped US$7.4 billion, followed by DBS, down US$5.3 billion, then Singapore Airlines, by US$1.7 billion. And sis, of course. SWFs exist for many reasons, each to serve its government’s purpose. “In our Temasek Review last year, we reported an annual value-at-risk of almost S$40 billion last March. Why Ah Beng threw butter out of the window? Read more at The Business Times. With equity markets swooning and oil prices taking a hit, Temasek is far from the only one suffering. A Singaporean blogger Pat Low, who runs the blog “Chempost: Going down the rabbit hole”, shares how Temasek Holdings “possibly US$1.1b [billion] lost in mining gamble” following its investment into Canadian mining company, Turquoise Hills, in 2012. 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. Some of them, such as a purported loss of S$55 million due to a 2015 investment in a children’s broadcasting company, ABC Learning Limited, went unreported by the state controlled media, i.e. For the fiscal year ended Mar 31, 2009, however, Temasek's portfolio of … 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. Leave a Reply Cancel Reply. 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. You should be focused on putting out the fire. Temasek's portfolio value fell for the first time since 2009, posting a one-year total shareholder return of -9.02 percent. PHOTO: BT FILE. 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 … Read our Chairman's message Watch Temasek Year in Review We ended the year with a net portfolio value of S$306 billion. Amazon Agrees to Acquire Wondery in Deeper Push Into Podcast... AstraZeneca-Oxford Covid Vaccine Gains First Clearance With... London Girl Granted Anonymity to Bring TikTok Privacy Suit, Crypto-Linked Stocks Extend Rally That Produced 400% Gains, Singapore’s state investor owns stakes in companies globally, Singtel, DBS, CapitaLand are firms among the worst hit. Temasek had a net portfolio value of S$313 billion as of March 31, 2019, up 1.6% from the year prior. And that’s not my words. AstraZeneca-Oxford Covid Vaccine Gains First Clearance With U.K. Nod, Moderna Vaccine Shipments to Texas Delayed by Temperature Snag, U.S. Vaccinations at 200,000 a Day Run Far Short of ‘Warp Speed’, U.S. Stocks Climb, Led by Small Caps; Dollar Falls: Markets Wrap, EU, China Give Political Nod to Market-Opening Investment Pact. It had invested ₹120 crore in 2010 and sold its stake gradually since 2015. It’s Pillay’s first year at the helm. 27 COVID-19 Cases Today (30 Dec); 1 is a Community Case & 1 is... Taiwan’s Eva Air Has Reportedly Fired 8 Employees for ‘Breaching Anti-pandemic Rules’, 10 Facts About the Late Pierre Cardin That You Didn’t Know Of, S’pore-Based COVID-19 Vaccine Looking for 100 Healthy Adult Volunteers for Next Trial Phase. Yep. 5 Temasek Holdings myths we discovered during its annual press conference. Reading Time: 3min read 56. S’porean blogger reveals Temasek’s possible loss worth US$1.1 billion in mining gamble. And because of the losses, Temasek Holding’s portfolio shrank by 31% and GIC’s portfolio shrank by 25%. The government uses a formula that includes the expected long-term returns of all three entities to calculate the net investment return contribution, which helps fund the budget each year. This list of organizations invested in by Temasek Holdings provides data on their funding history, investment activities, and acquisition trends. This includes shares in which the firm is deemed to have beneficial interest, such as Thai mobile phone operator Advanced Info Service Pcl, which is part-owned by Temasek subsidiary Singapore Telecommunications Ltd. Did PAP Increase the CPF Minimum Sum to Pay for the Losses of GIC and Temasek Holdings? The company Monday boosted its share buyback program to $10 billion. GIC and Temasek Holdings lost $117 billion in 2008 By now, it is known that in 2008, Temasek Holdings lost S$58 billion and GIC lost S$59 billion. Temasek Holdings is left with S$12.4 billion after the subtractions, and this means the S$16 billion disinvestment lost an estimated S$3.6 billion in asset value. But with commitment, resilience and by working together, we will come through it. After reading that headline you might be in a state of panic. 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. Temasek Holdings lost S$24 billion to S$242 billion from S$266 billion a year ago. Temasek is due to release its annual report for the year ended March 31, 2020 in a few months. 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). There has been no loss suffered by either Temasek Holdings or GIC, as explained above. 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