Singapore - GIC, Temasek, MAS, MoF & CPF 04 (Mar 20-Dec 24)

[behappyalways]

PIL back on track, repays creditors ahead of schedule
https://splash247.com/pil-back-on-track ... -schedule/

[behappyalways]

Inflation risks prompts out-of-cycle monetary policy tightening by MAS
https://www.theedgesingapore.com/news/s ... tening-mas

[behappyalways]

Heliconia Capital emerged as a white knight by injecting US$600 million for a 75% stake in PIL and granting the beleaguered company loans to maintain its operations.


Reborn PIL revives newbuilding appetite
https://container-news.com/reborn-pil-r ... -appetite/

[winston]

Alibaba’s key backer Temasek trims stake, adds rivals JD.com and Pinduoduo in portfolio tweak

Singapore’s state investment firm trimmed Alibaba stake by US$361 million last quarter, bought more shares in Pinduoduo and created a new position in JD.com

Outside China, Temasek added shares of the stock-trading platform Robinhood, while selling down Uber Technologies and Coinbase Global

by Cheryl Heng

Source: SCMP

https://www.scmp.com/business/markets/a ... e=homepage

[behappyalways]

Temasek is said to push for removal of Bayer CEO Baumann
https://www.theedgesingapore.com/news/c ... eo-baumann

[behappyalways]

MAS further tightens monetary policy settings following higher inflation levels
https://www.theedgesingapore.com/news/s ... -inflation

[winston]

Temasek’s China investments continue to suffer while new bets on chip makers TSMC, Nvidia unrewarded

Holdings in about 10 Chinese companies suffered US$532 million erosion in value during the first quarter, according to its 13F filing on late Monday

Temasek made new purchases in Taiwan Semiconductor Manufacturing Company and Nvidia; raised stake in Sea Ltd while stock slumped

by Cheryl Heng

Source: SCMP

https://www.scmp.com/business/companies ... -bets-chip

[behappyalways]

Temasek portfolio grows 5.8% to $403 bil, group profit moderates from FY2021 surge
https://www.theedgesingapore.com/capita ... 2021-surge

[winston]

The Monetary Authority of Singapore (MAS) recorded a loss of S$7.4 billion for FY2021/22

The regulator attributed to lower investment gains, a large negative foreign exchange translation effect and higher interest expenses.

As a result, MAS made no contribution to Singapore’s Consolidated Fund for the fiscal year.

For comparison, MAS contributed S$1.07 billion to the fund in FY2020/21 and S$2.17 billion in FY2019/20.

The Consolidated Fund is analogous to a bank account held by the government.

Singapore’s revenues are paid into this fund and government expenditures are made out of it.

MAS managing director Ravi Menon said on Tuesday (July 19), during the release of the regulator’s annual report, that the appreciation of the Singapore dollar led to a negative foreign translation effect of S$8.7 billion.

In particular, the Singapore dollar strengthened 4 per cent against the pound, 5 per cent against the euro, and 9 per cent against the Japanese yen.

Source: Phillips

[behappyalways]

Temasek teams up with Brazilian investment company to invest up to US$700m in Brazil
https://www.theedgesingapore.com/capita ... 00m-brazil