Temasek Holdings
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Temasek Holdings

Temasek Holdings
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
A Singapore Post branch at Bras Basah Complex. Photo: Shutterstock
Singapore

SingPost downplays concerns over operational integrity after terminations

Company says it remains ‘confident of our legal position’ after two of three executives claimed their termination was unfair and ‘without merits’.

E-commerce

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

Banking & finance

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

ONE Championship

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

Lay-off plan comes soon after reports Group One Holdings, which backs the mixed martial arts brand, had raised at least US$50m from investors.

ONE chief executive Chatri Sityodtong said in an email to staff that the job cuts were made despite the company being “on the verge of profitability”.
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.

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.

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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.

6
Office workers walk past Singapore state-linked investment firm Temasek Holdings sign in Singapore. Photo: AFP
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’.

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.

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.

Chief Executive John Lee delivers a video message during the strategic partnership signing ceremony between Hong Kong Investment Corporation and Smartmore on June 12. Photo: Sun Yeung
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.

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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.

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.

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

Saudi Arabia’s PIF was the most active sovereign wealth fund globally last year after a surge in energy prices in 2022 left most Gulf government budgets in surplus. Photo: Reuters
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.

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The FTX logo on a smartphone arranged in Barcelona, Spain, on November 15, 2022. Photo: Bloomberg
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.

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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.

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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’.

Singapore’s Prime Minister Lee Hsien Loong says he is finally Covid-free. Photo: AP
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.

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.

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.

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The FTX Arena, where basketball’s Miami Heat play in the southern US state of Florida. Photo: AP
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.

Office workers walk past Singapore state-linked investment firm Temasek Holdings sign. File photo: AFP
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.

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.

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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.

Bankrupt cryptocurrency exchange FTX is facing investigations from the United States to the Bahamas. Photo: Bloomberg
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.

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.

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

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