The city state of Singapore punches well above its weight in the world of investment. Between them Temasek Holdings and the Government of Singapore Investment Corporation, the tiny nation’s twin sovereign wealth funds, manage an estimated $400bn (£245bn, €280bn) of assets.
Posts tagged with ‘temasek’
Singapore faces the spectre of rising long-term structural unemployment as the economy recovers from the global financial crisis. Structural unemployment occurs when the skills of workers do not meet the needs of employers.
With certain sectors such as manufacturing and electronics lagging behind, Singapore workers will have to be retrained to be employable in new industries [...]
Singapore government investment fund Temasek said Charles W. Goodyear won’t take over as chief executive because of differences in strategy, a surprising reversal that leaves the wife of the prime minister in the company’s top job.
Goodyear, who had been working alongside outgoing chief executive Ho Ching since March, will leave the sovereign wealth fund [...]
Singapore’s Temasek is in talks with a unit of Bank of China to launch a US$1 billion to US$2 billion investment fund to focus on fast-growing infrastructure projects across the vast nation, sources said on Thursday.
Talks between Singapore’s sovereign wealth fund andvBOC International, the Hong Kong-based investment banking arm of Bank of China, were [...]
The sovereign-wealth funds are stirring. After going quiet as markets crashed and some high-profile investments in U.S. financial companies went awry, the huge pools of capital are back doing deals.
China Investment Corp. is poised to invest $500 million in a Blackstone Group hedge-fund unit as part of a broad effort to put cash to work while global markets are rallying but remain below earlier peaks.
Temasek’s track record has come under fire of late for a couple of false steps, notably its investments in Merrill and Barclays.