Tag Archives: Temasek Holdings

Temasek’s General Counsel, Pek Siok Lan, was cheated of S$5.5 million in a fraudulent nickel trading scam. What happened, was that the scammer, Ng Yu Zhi, promised his investors a guaranteed return of 15% over a three-month period. One look and you can tell this is a crazy amount, given …

My opinion is that highlighting that many India Indians were employed at Temasek is not a racist angle. It is against the policy of recruiting so many Indians from the country India. So the protest is against the country India and not a racist line.

For the position of an Associate which is far below a director, it requires at least 1-2 years working experience, preferably in a top-tier private equity, investment bank, corporate finance, M&A or research firm. So can you tell me how did someone from the SAF is able to join this cooperation as a director when you doesn't have the experience of even an Associate?

Temasek Holdings has made the rare decision to delay its annual report until September, which is after the general elections. So got Covid cannot issue report, but can have elections?

Granted, she's the PM's wife and privy to govt planning, but is she a minister or member of Parliament? If not, then she should refrain from answering publicly posted questions that are meant for Govt agencies to answer. Because majority of Singaporeans cannot tell the difference. They see PM's wife, they automatically assume she can speak for him in official matters. But if the govt has other plans it can cause a conflict of interest.

The GIC’s performance is not much worse than other sovereign wealth funds.

Temasek Holdings has increased its net portfolio value from $242 billion (US$180 billion) to $275 billion (US$197 billion). This means Temasek's Total Shareholder Return is 13.4% this year, a bounce upwards from a 9% decline from a dismal performance last year.

In his ministerial statement today in parliament, Prime Minister Lee Hsien Loong continued to address the accusations leveled against him and his government.

If even a government owned entity is to be sold to a private-hire operator, does this signal that the private companies running the taxi business are winning the battle? Grab and Uber is surely eating up a big share of the market for SMRT to almost give up now. Problem now is, SMRT staff are not guaranteed jobs if Grab buys the company, and that is what is holding the deal back, currently. It does seem that SMRT wants to refocus their energy on managing the MRT and LRT lines, and it may be just a matter of time the SMRT taxi business is sold. This cannot be good news to the many SMRT taxi staff.

By no stretch of the imagination is this to be interpreted as the government having accepted that rails is a public good that should not be run under a private framework in which the demands of capital has to be met. Having Temasek taking 100% ownership of SMRT will not change that. Besides, Temasek will require a level of returns from SMRT in order to meet its obligations of providing part of the Net Investment Return Contribution to the government's budget. Most importantly, the nationalization of rolling stocks and signals together with tracks and infrastructure which had always been in state hands, is to enable the objective of introducing competition in providing rail transport service, That is to say SMRT will expect to bid for the operating license in competition with other servicers.