The value of Temasek Holdings Pte. Ltd.’s investment portfolio fell 31% in the eight months that ended in November 2008, the Singapore government said.
The portfolio’s net value on Nov. 30 was 127 billion Singapore dollars (US$85 billion), compared with S$185 billion as of March 31, Senior Minister of State for Finance Lim Hwee Hua told Parliament on Tuesday.
Temasek, an investment company owned by the Singapore government, has taken hits from sizable investments in several global financial giants, including the former Merrill Lynch.
The figures on portfolio performance, part of Ms. Lim’s response to questions from members of Parliament, came four days after Temasek announced that Chief Executive Ho Ching, the wife of Prime Minister Lee Hsien Loong, would step down on Oct. 1 and be succeeded by Charles “Chip” Goodyear, an American who formerly was CEO of mining behemoth BHP Billiton.
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This post was written by admin on February 17, 2009
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Read full article: High Risk Personal Loans
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This post was written by admin on February 15, 2009
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