Learn more! ! if you are a bone fide Higher Education establishment and would like to learn how the piglix project may be your answer to the challenges of 'lecture room' replacement strategies, use our feedback page now to tell us about your needs and have someone contact you to explain your options and possibilities.
|Investment company / Sovereign wealth fund|
|Lim Boon Heng ,Chairman
Ho Ching,Executive Director & CEO
|Revenue||$83.8 billion SGD (2013)|
|$15.2 billion SGD (2013)|
|Total assets||$317.4 billion SGD (2013)|
|Owner||Government of Singapore|
Temasek Holdings Private Limited (abbreviated as Temasek) is a state-owned holding company that can be characterized as a National Wealth Fund owned by the Government of Singapore. Incorporated in 1974, Temasek owns and manages a net portfolio of S$242 billion (US$180 billion; as of 31 March 2016), mainly in Singapore and Asia. It is an active shareholder and investor, and its portfolio covers a broad spectrum of sectors including financial services, telecommunications, media and technology, transportation and industrial, life sciences, consumer, real estate, as well as energy and resources. Temasek has a multinational team of over 580 people, in 11 offices globally including Singapore and New York.
Temasek is commonly referred to as a sovereign wealth fund, particularly by the press and research outlets based outside Singapore. However, it has frequently disputed this terminology, and prefers to be referred to as an investment company, because it invests mostly in equities, is the outright owner of many assets, and pays taxes like other commercial investment firms. However, its sole shareholder (to which it distributes dividends) is Singapore's Ministry of Finance. A spokesman for the Ministry of Finance has previously noted that even though "there is still no universally accepted definition of sovereign wealth funds", Temasek is required to abide by international guidelines for sovereign wealth funds. Beginning in 2015, capital gains from Temasek are included in Singapore's government budget, contributing approximately S$3 billion to the 2015 budget.
Temasek is one of a few global firms assigned with the highest overall corporate credit ratings of "AAA" by Standard & Poor's and "Aaa" by Moody's. Temasek has also attained perfect quarterly scores on the Linaburg-Maduell Transparency Index, a measure of the openness of government-owned investment funds. However, the purported difficulty in measuring transparency of sovereign wealth funds should mean that the existence of such an index itself is highly questionable.
Don't forget! that your welfare and that of all your friends and colleagues here is of primary concern and a distance of six feet (1.8m) minimum is required at all times.