International Business & Economy Temasek’s net profit significantly below previous year, falls below 2007?

Temasek’s net profit significantly below previous year, falls below 2007?

Author

Date

Category

- Advertisement -

By: Phillip Ang

Due to Temasek’s selective disclosure of information, ordinary Singaporeans and even experts don’t know its actual financial state.

A question that’s been on my mind for quite a while – why has Temasek’s group net profit been stagnant despite a $78 billion increase in its portfolio value?

1
Source

- Advertisement -

Temasek must also have been taking excessive risks or its FY2016 group net profit wouldn’t have plunged almost 50% from FY2015. We are not even in a financial crisis so will what’s going to happen when one strikes?

Temasek’s net profit was $8 billion in FY2016 and $9 billion in FY2007. If its investments were yielding really good returns, why is its FY2016 net profit lower than FY2007?


Republished from the blog ‘likedatosocanmeh‘.

Send in your scoop to news@theindependent.sg 

- Advertisement -

Independent Budget office a “wasteful duplication” of functions: DPM Heng

Singapore – Deputy Prime Minister Heng Swee Keat said that an independent Budget office would be a "wasteful duplication of functions" as there are independent audits by the Auditor General's Office and parliamentary scrutiny of the Government's spending. On Friday (Feb 26),...

Hyper-competition does not necessarily lead to better economic performance: PSP’s Kumaran Pillai

Singapore – Opposition Progress Singapore Party's (PSP) Kumaran Pillai took to social media to urge more investment in local talent as many feel they "have gotten the short end of the stick" when it comes to employment. In a Facebook post on...

Kranji land ‘erroneous’ clearing: more supervision not always best solution, says Chan Chun Sing

Singapore – Processes should be streamlined and not more layers of supervision added in public service, said Trade and Industry Minister Chan Chun Sing on Friday (Feb 26) in response to the erroneous clearing of a large patch of woodland in...

Send in your scoop to news@theindependent.sg 

Theindependent