Temasek headquarters at The Atrium@Orchard in Singapore
Company type
State-owned private limited company
Industry
Investment management
Founded
25 June 1974; 49 years ago (1974-06-25)[1]
Headquarters
Orchard Road, Singapore
Key people
Lim Boon Heng[2] (Chairman)
Cheng Wai Keung (Deputy Chairman)
Dilhan Pillay Sandrasegara[2] (Executive Director & CEO)
Total assets
S$382 billion (2023)
Owner
Government of Singapore
Number of employees
~950 (2023)[3]
Subsidiaries
DBS Bank
Seatrium
Singapore Airlines
CapitaLand
ST Engineering
SP Group
Singtel
Mediacorp
PSA International
Pavilion Energy
Certis Group
SMRT Corporation
Surbana Jurong
Vertex Holdings
Alvogen
ST Telemedia
Constellar Group
Mandai Park Holdings
... and others[4]
Website
temasek.com.sg
Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state-owned conglomerate owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek has a net portfolio of US$287 billion (S$382 billion) as of 2023, with S$27 billion divested and S$31 billion invested during the year.[1][5][6] Headquartered at Orchard Road, Singapore, it has 13 offices in 9 countries around the world, including in Beijing, Brussels, Hanoi, London, Mexico City, Mumbai, New York City, Paris, San Francisco, Shanghai, Shenzhen and Washington D.C.[7]
It is an active shareholder and investor, with four key structural trends guiding its long term portfolio construction—Digitisation, Sustainable Living, Future of Consumption, and Longer Lifespans.[8] Temasek's portfolio covers a broad spectrum of sectors. Its key focus investment areas include Consumer, Media & Technology, Life Sciences & Agri-Food, and Non-Bank Financial Services.[9]
Temasek has held overall corporate global credit ratings of “Aaa/AAA” by rating agencies Moody's[10] and Standard & Poor's[11] respectively since its inaugural credit ratings in 2004. It has also attained perfect quarterly scores[12] on the Linaburg-Maduell Transparency Index, a measure of the openness of government-owned investment funds. Temasek is primarily anchored in Asia, but with a global portfolio, with a 64% underlying exposure to developed economies.[13]
While Temasek is largely considered as being a sovereign wealth fund (SWF), there are major differences as it invests mostly in equities, is the outright owner of many assets and companies, and pays taxes like other commercial investment firms.[14]
Temasek's one-year total shareholder return (TSR) was 5.07%, with longer term 10-year and 20-year TSRs at 6% and 9% respectively, compounded annually. Its TSR since inception was 14%, compounded over 49 years.[15] In addition to Temasek, the Government of Singapore also owns GIC Private Limited, a traditional SWF which manages about US$744 billion (S$1.006 trillion) of assets as of 2022[16][17] and the compulsory pension programme Central Provident Fund (CPF) with assets of US$397 billion (S$540 billion),[18] giving a total publicly known AUM of approximately US$1.64 trillion.
^ ab"Temasek Holdings is incorporated". NLB. Archived from the original on 9 June 2019. Retrieved 27 July 2019.
^ ab"Our Leadership – About Temasek". Temasek Holdings. Archived from the original on 23 November 2021. Retrieved 9 September 2020.
^"Our OneTemasek Team – Institution". Temasek Review 2021. Archived from the original on 13 July 2023. Retrieved 13 July 2023.
^"TEMASEK HOLDINGS (PRIVATE) LIMITED (197401143C) – Singapore Business Directory". SGPBusiness.com. Archived from the original on 30 September 2022. Retrieved 30 September 2022.
^Temasek, Holdings (12 July 2022). "Temasek Review 2022". Temasek Review 2022: So Every Generation Prospers. Archived from the original on 3 July 2018. Retrieved 10 July 2018.
^Bala, Sumathi. "Singapore's state-owned investor Temasek reports record portfolio value". CNBC. Archived from the original on 9 December 2022. Retrieved 9 December 2022.
^"Temasek Review 2021: Bounce Forward". Temasek Corporate Website. 13 July 2021. Archived from the original on 21 September 2021. Retrieved 16 July 2021.
^Chan, Genevieve (5 December 2021). "Four keys that could unlock a better, more sustainable world". The Straits Times. Archived from the original on 12 August 2022.
^"Temasek Review 2021" (PDF). Temasek Review. 13 July 2021. Archived (PDF) from the original on 18 April 2022. Retrieved 16 July 2021.
^"Moody's Rating Updates" (PDF). Moody's Investors Service. 28 July 2022. Archived (PDF) from the original on 14 August 2022. Retrieved 12 August 2022.
^"S&P Global Ratings". 9 August 2021. Archived from the original on 14 August 2022. Retrieved 12 August 2022.
^"Temasek hits perfect score on transparency index". AsiaOne. 5 June 2009. Archived from the original on 20 December 2019. Retrieved 2 December 2019.
^"Our Portfolio". Temasek Corporate Website. Archived from the original on 27 November 2021. Retrieved 16 July 2021.
^"Temasek is different from other sovereign wealth funds and pays tax - Chairman". Venture Capital Post. 5 December 2013. Archived from the original on 9 July 2018. Retrieved 6 April 2015.
^Subhani, Ovais (12 July 2022). "Temasek portfolio surges to record high, driven by Singapore investments". The Straits Times. Archived from the original on 12 July 2022. Retrieved 12 July 2022.
^"Singapore's $744 Billion Fund Eyes Deals in Low-Return World". Bloomberg.com. 7 February 2022. Archived from the original on 28 November 2022. Retrieved 9 December 2022.
^Ramli, David; Chanjaroen, Chanyaporn (12 January 2022). "Singapore's GIC Set to Manage Extra $137 Billion in Reserves". www.bloomberg.com. Archived from the original on 11 March 2022. Retrieved 22 January 2022.
^"CPFB | CPF statistics". www.cpf.gov.sg. Archived from the original on 9 December 2022. Retrieved 9 December 2022.
TemasekHoldings (Private) Limited, or simply Temasek, is a Singaporean state-owned conglomerate owned by the Government of Singapore. Incorporated on...
Temasek (also spelt Temasik) is an early recorded name of a settlement on the site of modern Singapore. The name appears in early Malay and Javanese literature...
has been the executive director and chief executive officer (CEO) of TemasekHoldings since 1 October 2021. Born in Singapore, Sandrasegara attended Anglo-Chinese...
International Holdings. As of July 2016, it is wholly owned by TemasekHoldings and had 13,000 employees. In February 2015, JTC Corporation and TemasekHoldings announced...
by Desmond Kuek as the CDF. After leaving the military, Ng joined TemasekHoldings and was rotated in the company: Head of Energy & Resources; Co-Head...
under the philanthropic arm of the Singapore state sovereign fund TemasekHoldings. Temasek has established 17 endowments since 1974, focused on promoting...
the chairperson of Temasek Trust since 2022. She is the wife of incumbent Prime Minister, Lee Hsien Loong. Ho joined TemasekHoldings as a director in January...
a majority stake in diagnostics company Medcis PathLabs. In 2023, TemasekHoldings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals...
sale of Shinawatra family's stake in Shin Corporation to Singapore's TemasekHoldings in 2006 sparked controversy, which intensified the anti-Thaksin movement...
Pink. Its largest shareholder is the Government of Singapore-owned TemasekHoldings. The Financial Stability Board considers it a systemically important...
The Darjah Utama Temasek (English: Order of Temasek) is Singapore's second most prestigious national honour and was instituted in 1962. It is an Order...
controlling shareholder is TemasekHoldings, Singapore's second-largest sovereign wealth fund after GIC. As of 31 March 2023,[update] Temasek owns 29% of DBS shares...
Venture Holdings, also known as Vertex Holdings, is an investment holding company with a group of venture capital funds worldwide. A subsidiary of Temasek Holdings...
Raffles Holdings was the parent company of Raffles International, owned by TemasekHoldings which is the investment arm of the Singapore government. In...
public media conglomerate, based in 1 Stars Avenue, One-north. Owned by TemasekHoldings—the investment arm of the Government of Singapore—it owns and operates...
to TemasekHoldings caused great controversy in Thailand. The sale was in response to long-standing criticisms that the Shinawatra family's holdings created...
Association. Since retiring from politics, Lim has been the chairman of TemasekHoldings since 2013. Lim grew up in a small farm in Punggol, Singapore. He studied...
services in North America, in January 2022. Element was acquired by TemasekHoldings in January 2022, when Bridgepoint agreed to an offer that valued the...
investors like International Finance Corporation, Warburg Pincus, TemasekHoldings, Nomura, Kotak Mahindra MF, etc. Private equity companies that provided...
majority-owned by the Singapore government's investment and holding company TemasekHoldings, which holds 55% of voting stock as of 31 March 2020. Nevertheless...
bus and rail services. A subsidiary of the Government of Singapore's TemasekHoldings, it was established on 6 August 1987 and listed on the Singapore Exchange...
of property firm Wing Tai Holdings, which he co-owns with his three brothers, and is the deputy chairman of TemasekHoldings. Born 1951 in Hong Kong, Cheng...
to present a rosy picture to the investors. An audit conducted by TemasekHoldings brought up suspicions that the Mukerjeas had siphoned off ₹160 crores...
in the U.S. and Canada. In 2017, Singaporean sovereign wealth fund TemasekHoldings bought out a 30% stake in Stone Island valued at €345 million. Three...
substantial role in Singapore's economy. The sovereign wealth fund TemasekHoldings holds majority stakes in several of the nation's largest bellwether...