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Showing posts with the label temasek

Only 20 of 1,042 units at Marina One Residence sold during the weekend, dampening Temasek's hope of making a killing from this joint development with Khazanah

PropertyGuru, 13 Oct 2014 Poor sales were recorded on the first day of launch for Marina One Residences with only 20 units sold last Saturday, according to media reports. This is a sharp turnaround from the strong build-up seen during the preview phase, which saw more than 300 units taken up since 3 October, many by bulk buyers. Singaporeans account for about 70 percent of buyers, while the rest

Temasek throws lavish party in New York, announces plan to dabble in bitcoin

Coindesk, 27 Jun 2014 Temasek Holdings has a $172bn portfolio and had a net income of $12.1bn in 2013. According to the news report, the firm launched its first office in New York City yesterday, throwing a lavish party and promising that it will �seize opportunities in the entire American continent�. The most surprising part of the launch came in Chairman Lim Boon Heng�s speech, in which he

Kenneth Jeyaretnam debunk Temasek's denial of being linked to rise in CPF minimum sum

Rethinking the Rice Bowl, 5 Jun 2014 In an extraordinary turn of events the State Times published a letter in its Forum page yesterday from Temasek Holdings. It seems that last Saturday ST published an article (�Ways to improve CPF�) which quoted an unnamed person as saying he suspected the Central Provident Fund Minimum Sum was raised �because Temasek or GIC lost money overseas�. ( See more at:

Temasek's earnings could be hit as Standard Chartered warns of potential losses from Qingdao port probe

Reuters India, 5 Jun 2014 Worries over a probe into commodity stockpile financing at China's Qingdao port appeared to deepen on Wednesday as Standard Bank Group and a part-owned unit of Louis Dreyfus Corp warned of potential losses and copper prices fell further. The inquiry, first reported by Reuters and other media earlier this week, has revived concerns about the impact of China's deepening