DBS, Singtel help lift Temasek’s portfolio to record S$434 billion

DBS, Singtel help lift Temasek’s portfolio to record S4 billion

[SINGAPORE] Temasek posted a record net portfolio value (NPV) of S$434 billion for the financial year ended Mar 31, driven by the strong performance of its Singapore-based portfolio companies such as DBS and Singtel. “Their robust returns have uplifted our portfolio value and provided liquidity for our investment activities,” said Lim Ming Pey, chief of…

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Temasek to increase exposure in AI, core-plus infrastructure

Temasek to increase exposure in AI, core-plus infrastructure

[SINGAPORE] Singapore investment company Temasek is increasing its exposure to “promising opportunities” in artificial intelligence (AI) and core-plus infrastructure. AI is a “two-decade opportunity” with the potential to transform industries, said Chia Song Hwee, the deputy chief executive officer of Temasek. Core-plus infrastructure “provides resilient, risk-adjusted returns and stable cash use”, said Temasek’s management in…

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Singapore must be willing to take some risks to capture wealth management opportunities: Chee Hong Tat

Singapore must be willing to take some risks to capture wealth management opportunities: Chee Hong Tat

[SINGAPORE] Singapore must be willing to take some risks to capture new wealth management opportunities, but still maintain high standards of a stable, trusted environment, said Chee Hong Tat, minister for national development and deputy chairman of the Monetary Authority of Singapore (MAS). “We take a risk proportionate approach, and not a zero risk approach,…

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Shincheonji Church Challenges Media Portrayal Amid Allegations of Bias and Misrepresentation

Shincheonji Church Challenges Media Portrayal Amid Allegations of Bias and Misrepresentation

The Shincheonji Church of Jesus in France has publicly criticized a recent newspaper article, which misrepresented its practices and harmed its reputation. In a detailed statement, the religious group accused the unnamed local publication of publishing a one-sided narrative that relied heavily on anonymous former members’ accounts while minimizing the church’s responses. The contentious article,…

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Performance, Patience, and Precision: How Richard Sajiun Built a Trusted Pillar in Public Infrastructure

Performance, Patience, and Precision: How Richard Sajiun Built a Trusted Pillar in Public Infrastructure

Some companies are loud about their success; others build it brick by brick, wire by wire, over decades and let their work speak for itself. In the heart of New York, family-owned electrical contracting firm Sajiun Electric Inc., has spent nearly 60 years quietly powering the backbone of America’s public systems. Schools, hospitals, correctional facilities,…

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