Temasek overcomes deficit as it increases value by S$56 billion

Temasek said it will continue to build its institution for the long term and deepen commitment to the wide community in Singapore and the rest of the world.

Temasek Holdings (Private) Limited released on Wednesday its annual performance report and institutional review, Temasek Report 2010 – Making a Difference, for the financial year ended 31 March 2010.

The company's portfolio value recovered to a year-end high of S$186 billion, up S$56 billion from a year ago, with a robust one-year total shareholder return (TSR) of over 42%.

“Our portfolio has delivered consistently through many market cycles. Long-term TSR by market value held steady at 17% since inception, while 20-year TSR was 16%,” said Mr S Dhanabalan, Chairman of Temasek Holdings.

Aimed at creating and delivering sustainable value for its stakeholders as an active investor and shareholder of successful enterprises, Temasek is also committed to consistently contributing to the development of people and communities over the long term.

In 2009, Temasek endowed S$170 million for the Singapore community, including endowments for health care and special needs. The Temasek Foundation committed almost S$20 million to 35 programmes in Asia, including Singapore, particularly for health care and education. Separately, in its first year, Temasek Cares committed close to S$2 million to five programmes for the needy in Singapore.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.