Cautious Temasek to slow investment despite good returns
The Singapore state investment company expanded its portfolio size to US$297 billion, but will adopt a cautious approach this year in view of the global economic slowdown.
Singapore’s state investment firm Temasek reported 5.81% returns for the fiscal year ended March 31 and grew its net portfolio value to S$403 billion ($297 billion) - a new high - backed by gains from unlisted assets and domestic investments.
Briefing the media yesterday (July 12) on its annual results for the financial year ended March 2022, Temasek said it invested S$61 billion and divested S$37 billion over the 12-month period under review. Net investment for the year stood at …
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