Temasek’s Co-Chief Investment Officer and Senior Managing Director of special projects, Mr. Gan Chee Yen, will be the next Chief Executive Officer of Fullerton Financial Holdings, the Singapore’s independent organization unit, which invests in banks.

Owing to increased contributions from investments and enhanced profits from its portfolio companies, Temasek Holding’s net profits has over doubled in the year to March, as its group net profit rose to S$13 billion from S$5 billion in the year before this year.

Temasek Holdings is a Singapore state-investment firm said that it has no role in Singapore Exchange Ltd.'s (S68. SG) decision to bid for ASX Ltd. (ASX. AU), the operator of the Australian stock exchange.

SEL Holdings is the entity through which Temasek indirectly own 2.5% stake in SGX, though no voting rights are given to SEL.

The sovereign wealth fund of Singapore, Temasek Holdings has sold its entire stake in the Fortescue Metals Group of Australia. The company had 4.1 per cent stake in the company.

Fortescue Metals Group one of the leading firm in Australia in the metal segment and is being run by billionaire Andrew Forrest. Temasek Holdings has sold its stake to a group of overseas institutions. The deal was finalized for $880 million.

Singapore-based investing giant Temasek Holdings eventually consorted Tuesday to bear fines to the Indonesian authorities subsequently to the state Supreme Court maintained a ruling by the nation's antimonopoly authority reasoning out that the business firm and 8 of its associates were convicted of breaching antitrust laws.

According 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.

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.