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Temasek Holdingsi

Temasek Holdings is an investment company owned by the government of Singapore. Temasek is one of a few global firms with the highest corporate credit ratings by both Standard & Poor's and Moody's, of AAA and Aaa respectively.

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  • The Singapore-headquartered venture debt company completes first close for its dollar-yuan dual currency China fund
  • The fund will zero-in on industries such as deep tech, enterprise services, consumer, and healthcare, while adhering to ‘ESG investment principles’

The Public Investment Fund was the world’s most active sovereign investor last year, deploying US$31.6 billion in 2023 versus US$20.7 billion the previous year, according to research consultancy Global SWF

Temasek, SoftBank and Sino Global were named along with nine other VC firms in a class-action lawsuit alleging they should have known about issues at FTX before it collapsed.

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The city state’s sovereign wealth fund said its senior management and investment team were ‘ultimately responsible’ for investing in the now-bankrupt cryptocurrency exchange, which resulted in a US$275 million writedown.

Former Temasek Holdings CEO and wife of Singapore Prime Minister Lee Hsien Loong described Temasek’s full write down of its US$275 million investment in FTX as one borne of a clear decision, but that was still a painful loss to bear.

Stronger reporting rules and oversight of liquidity management could help prevent volatility in the cryptocurrency market from infecting the financial system, HKMA researchers said.

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Temasek’s action reflects how major investors were caught off guard by FTX’s collapse and how they are now moving to distance themselves from the failed cryptocurrency exchange.

The US$290 billion state-owned investment empire’s holdings span everything from an Indonesian fish food start-up to an Israeli irrigation firm.

Temasek sees a more balanced risk-reward profile in China after the recent sell-off. Policy easing remains supportive of the growth outlook, CIO Sipahimalani says.

Dodge & Cox is making one of the most aggressive bets on Chinese tech stocks, after ploughing more than US$1.2 billion into Alibaba, Baidu, JD.com and Tencent proxy Naspers over the past four quarters

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Investors have raised questions about the viability of Festival Walk, the upmarket Hong Kong shopping centre owned by a unit of Singapore’s Temasek Holdings.

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Temasek remained steadfast on its investments in Chinese companies last quarter while losing US$532 million in market value, according to US regulatory filing.

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SPACs face a ‘more challenging’ environment amid a slowdown in global fundraising for the investment vehicles, with only three such listings in Singapore this year since new rules were introduced.

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Temasek’s funding comes even as Singapore is clamping down on the more speculative aspects of crypto while at the same time encouraging institutional participation.

Singapore’s state investment firm tweaked portfolio as steep losses persisted into the final quarter of 2021 following an unprecedented crackdown on internet-platform companies.

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Taipei-based smart scooter and battery maker Gogoro adds India’s Hero MotoCorp, impact fund Engine No 1 to its private investment in public equity funding round as it prepares to go public.

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Investors are ‘back in full force’, with 11 new consumer tech unicorns created this year. With three-quarters of Southeast Asians now online, the internet economy is set to double to US$363 billion by 2025.

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The Singapore state investment arm walked into a market minefield in China by putting more money into several Chinese education and tech-platform stocks last quarter, before the market sank in July.

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Fernandes has brushed off analysts’ scepticism about his digital expansion plans, saying he will bring the airline’s underdog mentality to the new venture.

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