What is temasek holdings

Temasek is commonly referred to as a sovereign wealth fund by international media. This was done to stimulate investments and ensure that the necessary infrastructure industries were in place. The investments ranged from steel mills to shipyards, food industries and engineering services. As the scale and scope of the investments grew, Temasek Holdings was formed to manage these investments as a commercial entity.

On 28 January , the assets of MFF Inc were transferred to Temasek in exchange for 21 million shares — the entire issued capital of the new holding company. In , 11 of the original investments were retained while the rest were divested or liquidated.

Dhanabalan : Dhanabalan became chairman of Temasek Holdings in At the time of his retirement, Dhanabalan, having helmed the Temasek Board for 17 years, was the longest serving chairman of Temasek Holdings.

During her tenure, she unveiled the first Temasek Charter in Dhanabalan then chairman of Temasek , and then Prime Minister Goh Chok Tong explained on different occasions that Ho had been appointed on the basis of merit, and that she would not be reporting directly to her husband, then DPM Lee, who was also the Finance Minister.

The website subsequently removed the post and issued an apology. In , it was reported that while Ho Ching would remain as CEO of Temasek Holdings, she would step down as chairman of Temasek International, the wholly owned management and investment arm of Temasek Holdings.

Temasek Holdings Private Limited. Frequently asked questions. Temasek Review , p. Corporate profile. Ng, W. Like any company, Temasek pays taxes to the tax authorities and separately declares dividends to its shareholders. Temasek's website emphasizes its "stake in the well-being of our wider community," citing its Temasek Trust, founded in , which funds the Temasek Foundation.

This nonprofit is subdivided into six foundations that oversee 23 philanthropic endowments :. Overall, Temasek Holdings claims to have impacted 1,, people throughout Asia and Singapore with its community work and programs. Accessed Jan. Company Profiles.

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