International Business & Economy Mixed reactions from netizens after Temasek Holdings reports record net portfolio value...

Mixed reactions from netizens after Temasek Holdings reports record net portfolio value of S$308 Billion

Author

Date

Category

- Advertisement -

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.

- Advertisement -

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.

________________________________________________________________________ obbana@theindependent.sg

Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Jewel Changi Airport and passenger terminals closed to the public for two weeks

Singapore -- Jewel Changi Airport and all the Changi Airport passenger terminal buildings will be closed to the public for 14 days from May 13 to May 27 due to a Covid-19 cluster linked to a cleaner who worked at Terminal...

Jamus Lim argues for more ‘soft infrastructure’ investment despite Singa Bill focus on ‘hard infrastructure’

Singapore — Workers' Party MP Jamus Lim wants the new Singa Bill to allow investments not only in physical infrastructure but also in human capital. There has been a lot of chatter among the intellectual and policy classes worldwide about investing in...

Couple arrested in S’pore for suspected involvement in baby dumping case

Singapore – A man and a woman, both 25 years old, were arrested by the police for allegedly dumping the body of a newborn in Taiwan in 2019. The police confirmed that the pair were taken into custody on Apr 28 following...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent