Tag: Temasek

Singapore sovereign fund Temasek joins Facebook-backed Libra

The Singapore sovereign wealth fund Temasek has joined the Facebook-backed Libra project seeking to create a worldwide digital payments network, the Swiss-based Libra Association said Thursday. Temasek was among three new members announced for the association, including the cryptocurrency investment firm Paradigm and the private equity...

Temasek to support Singapore Airlines amid economic crunch due to Covid-19 pandemic

Singapore—The country’s Deputy Prime Minister and Finance Minister, Heng Swee Keat, announced that Singapore Airlines (SIA) is considering corporate action as it deals with the economic fallout from the current coronavirus pandemic that has affected the globe. This action will be supported by state-investment fund...

Temasek Foundation: Get ready to Bring Your Own Bottle to collect free 500ml of hand sanitiser

Singapore – All Singapore households will get free hand sanitiser under a Bring Your Own Bottle (BYOBclean) initiative being launched by the Temasek Foundation. On Thursday (March 12), the foundation uploaded photos of the volunteer orientation sessions for the initiative. Volunteers from the People's Association have...

Temasek in talks to acquire Israeli firm Rivulis for as much as US$500 million

Singapore—State-owned investment company Temasek is in talks to buy Rivulus, an Israeli drip-irrigation firm. Israeli news outfit Haaretz reports that the price Temasek will be paying will be between US$450 and $500 million (approximately S$606 and $673 million). Rivulis is the second-largest maker of drip...

Li Hongyi has founded a new unit within GovTech, with its own branding and style

Founding Prime Minister Lee Kuan Yew's grandson and current Prime Minister Lee Hsien Loong’s son Li Hongyi has founded a new unit within Singapore's Government Technology Agency, with its own branding, website and style. GovTech is a statutory board of the Singapore government, under...

Digital economy in SEA now worth S$138 billion, with 65% of the region’s startup funding going to SG

An annual report on Southeast Asia (SEA) by Google, Temasek and Bain & Company announced that the region's digital economy is now worth a staggering US$100 billion (S$138 billion), with US$12 billion (S$16.6 billion) coming from Singapore. The report also revealed that Singapore normally receives...

Why is Ho Ching’s salary still a secret? Lee Hsien Yang questions

The younger son of Singapore's founding Prime Minister, Lee Hsien Yang, is questioning the salary of Ho Ching, his estranged sister-in-law. Ho Ching has been the Chief Executive Officer of Temasek Holdings since 2002. She first joined Temasek Holdings as a Director in January 2002 then...

Temasek to buy minority stake of Danish engineering firm Haldor Topsoe

An agreement was signed on Tuesday, March 12, between Singapore's Temasek and Danish engineering firm Haldor Topsøe Holding A/S, for Temasek to buy 30 percent of the shares of the company. The agreement is set to be finalized later in the year. The Topsoe family currently owns...

Temasek subsidiary Vertex Ventures to continue tech investments, specifically in China

Chua Kee Lock, the Chief Executive Officer and President of Vertex Venture Holdings, a subsidiary of Temasek Holdings, said that venture capital investing is like the Chinese divination guide tongshu in a recent interview with the South China Morning Post, since it includes some...

Netizens speculate Temasek Holdings in need of funds after Ho Ching supports launch of first retail bonds

The Singapore state investment firm Temasek Holdings’ announced on Tuesday that retail investors can now invest in Temasek Holdings’ bonds with the launch of its first public bond offer. This announcement was given much support online by Chief Executive Officer of Temasek Holdings, Ho...