Singapore investment company Temasek Holdings, of which Ho Ching is Chief Executive Offier (CEO), is likely to book a record $300 billion for the value of its portfolio.
As reported in Reuters, Temasek, the top investor in about a third of companies in the Straits Times Index, was to report a net portfolio value of $300 billion for the year ended March 31, which is up roughly 9 per cent versus a nearly 14 per cent increase to $275 billion a year earlier.
These increases in value likely come after the billions of dollars invested into start-ups and emerging markets.
According to the article, Temasek also participated in a funding in Indonesian ride-hailing firm Go-Jek, and led a US$502 million investment in Magic Leap, a US start-up developing augmented reality tech products.
Netizens offered a mixed bag of reactions, with some seemingly happy for the firm’s success, while others griped about rising costs and utilisation of public funds.