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Temasek Holdings

Temasek’s Portfolio witnesses 43% rise

Temasek-HoldingsAccording to a recent report, the worth of Temasek Holdings assortment increased by 43%. In the comprehensive notes that followed the Companies announcement showed that the Company is transparent.

The Company witnessed a record high of S$186 billion in the 12 months prior to March. In the year 2008 the revenue generated by the Company was S$185 billion.

TEMASEK Assortment Increases By 43%

The total assortment of TEMASEK Holdings has increased 43% to an all time high of $186 billion in the twelve months to March. This depicts that the Company has successfully revived from the global financial meltdown.

The yearly report of the Company has stated that in the year 2008, this amount was $185 billion. The report was released on Thursday.

Thai Government to buy Major Share in Thaicom PCL

Thai Government to buy Major Share in Thaicom PCL

Thailand is reported to have bought a major share in Thaicom PCL from Temasek Holdings Pte. Ltd. Temasek Holdings is the state owned investment Company of Singapore.

This move has considerably increased the prices of the shares of Thaicom, which is a satellite operator. The shares have increased up to a remarkable 29.4%.

In 2006, Temasek had bought Shin Corp. This organization was established by Prime Minister, Thaksin Shinawatra and was a telecommunication corporate.

However, there was a storm over the deal. This resulted in Mr. Thaksin’s ouster from office.

Temasek Could Be One of the Key Investors in AgBank's IPO

Temasek Could Be One of the Key Investors in AgBank's IPO

Two Middle Eastern sovereign wealth funds and Temasek Holdings have decided to spend in the Agricultural Bank of China. They have planned listing in Shanghai and Hong Kong.

It has been reported that the Kuwait Investment Authority and the Qatar Investment Authority will join the investment firm of Singapore, which are the main stake holders. However, no final commitments have done, as they are still in the process of negotiations.

Economic Slowdown leads to plunge in Temasek’s earnings

Temasek Holdings

Due to adverse effects of the global economic slowdown and the financial crisis on the returns on investments for the Singapore state-owned investment company, Temasek Holdings Pte Ltd, its net profit plummeted 67% in the year ended March 31. 

The firm specified Thursday that though that economic "meltdown risks" have passed, the global growth in 2009 would remain weak and the recovery will be "sluggish" in 2010.

Q2 witnesses Temasek Holdings recovering huge portfolio losses with $37bn gain

Temasek Holdings

An analysis conducted by Strait Times has revealed that a huge portion of Singapore's state fund Temasek Holdings' portfolio losses has been recovered by it since March-09 as its value saw a major rebound on a strong global equity markets performance.

The report specified that an estimated $37bn gain had been registered by Temasek from March 31 to July 31, or a 40% upswing. It won't be wrong to say that Temasek's exposure to financial firms has led to majority of its gains since the end of March.

600 million dollars paid by Temasek for stake in China's CCB

Temasek Holdings

$600 million would be invested by Singapore state investment agency Temasek Holdings in order to raise its stake in China Construction Bank to 6.5 percent from 6 percent.

A source familiar with the matter said that with the aim to enhance Temasek’s equity stake in CCB, the world's second-largest lender by market value, the company is mulling to pay $600 million.

As per the media reports, the investment would boost Temasek's holding to 6.5 percent, or 14.3 billion shares.