Economy

Temasek, Google to invest US$350 million in Indonesia's Tokopedia

SINGAPORE (BLOOMBERG) – Google and Temasek Holdings have agreed to invest about US$350 million (S$475.7 million) in PT Tokopedia, people familiar with the matter said, a major cash infusion that will bankroll the Indonesian e-commerce giant’s post-Covid-19 expansion. The Alphabet unit and Singapore’s state investment firm could sign an agreement for the funding soon, the […]

Business

Temasek backs US$30m firm for vertical farming innovation to boost Singapore's food supply

SINGAPORE – A new US$30 million (S$41.2 million) company has been formed to develop breakthroughs in vertical farming, a move that will help to further reinforce Singapore’s food supply. Called Unfold, it is a tie-up between Singapore state investment firm Temasek and a unit of German pharmaceutical and life sciences giant Bayer. The Straits Times understands […]

Economy

Temasek portfolio value dips 2.2% to $306 billion amid Covid-19: Preliminary data

SINGAPORE – Temasek Holdings announced on Tuesday (July 21) a preliminary net portfolio value (NPV) of $306 billion in the year to March 31, a 2.2 per cent decline from the record $313 billion achieved a year ago. Its one-year total shareholder return (TSR) dropped to minus 2.3 per cent, from 1.49 per cent previously, amid fallout from the […]