temasek overview 2020

The unpredictable paths of COVID-19 and geopolitical issues pose significant uncertainties in the near term. It is now the worst pandemic in a century, the biggest global crisis since World War Two, with a devastating impact on lives and livelihoods. We worked through the entire chain, to reduce bottlenecks and improve throughput affordably. During the year, weinvested S$24 billion and divested S$28 billion, reflecting the deliberate tempering of our investment pace over the year. Hence, we remain cautious and watchful around the risks surrounding the global economy.”. The firm invests primarily in privately owned firms in North Asia. Temasek is an investment company with a net portfolio value of S$306 billion [1] (US$214b, €196b, RMB1.52t) [2] as of 31 March 2020.. Our three roles as … Harking back to the 14 th century crossroads of Asia, Temasek is an old name for Singapore, a former trading sea town, perhaps a minor kingdom linked to the Chola Dynasty of South India in … The TSR since 1974 was an annualised return of 14% compounded over 46 years; 20-year TSR was 6%; and 10-year TSR was 5%. We see the urgent need for solutions that address the growing needs of the world’s population. As an active investor, we shape our portfolio by increasing, holding or decreasing our investment holdings.These actions are driven by a set of commercial principles to create and maximise risk-adjusted returns over the long term. 5 As at 31 March 2020: Equivalent to US$214 billion, at an exchange rate of S$1: US$0.7015; €196 billion, at an exchange rate of S$1: €0.6407, £174 billion, at an exchange rate of S$1: £0.5676 and RMB1.52 trillion, at an exchange rate of S$1: RMB4.9786. It was relatively casual, although the interviewee needed to know significantly about Temasek and the department they applied for. My interviewers were my direct superiors. Course Overview . It has been edited from delivery only for readability. For more information on Temasek, please visit www.temasek.com.sg, For Temasek Review 2020, please visit www.temasekreview.com.sg. Investments in the rest of the world were unchanged at 34%. Temasek was incorporated in 1974 to commercially manage an initial portfolio valued at S$354 million, acquired from the Singapore Minister for Finance.This move enabled the Singapore Government to focus on its core role of policymaking and regulations. Separately, CapitaLand completed its acquisition of Ascendas-Singbridge to create one of the largest diversified real estate companies in Asia. We bring with us a good mix of local knowledge and global outlook, as well as diverse backgrounds, perspectives and experiences. Connect with us on social media: Facebook (Temasek); LinkedIn (Temasek); Twitter (@Temasek); Instagram (@temasekseen); YouTube (TemasekDigital); WhatsApp (+65 9101 0207) and WeChat (temasek_digital). A free inside look at company reviews and salaries posted anonymously by employees. China and Singapore remain our top two countries by concentration, at 29% and 24% respectively. Temasek Holdings isn't a traditional company but a sovereign wealth fund -- a government-owned holding company -- with investments in the financial services, telecommunications, media, transportation, real estate, and energy sectors. 2020 2019 2018 2017 2016; Unlisted assets 48: 42: 39: 40: 39: Liquid & sub-20% listed assets lenagoh@temasek.com.sg, CHONG Hui Min Temasek is an investment company. Comparative financial statements for year ended 31 March 2011 to 2017 were prepared based on Singapore Financial Reporting Standards. Monetary and fiscal policies remain expansionary, to help offset the negative impact of the crisis. Fees are billed and payable by semester. The process took 2 weeks. We worked through the entire chain, to reduce bottlenecks and improve throughput affordably. Founded 1974. 6 S$-US$ Exchange Rate as at 31 March of the respective years. In Singapore to date, we offered free hand sanitisers to all households; provided 11 million masks4 to Singapore residents; distributed about 1 million face shields to young school children and frontline workers in the food & beverage industry; and donated some 250,000 oximeters to various groups in our community. As the circuit breaker measures were lifted in Singapore, the Back to School and Back to Work initiatives were piloted to ensure a safe transition towards a new COVID normal. This is the Temasek Polytechnic company profile. Season 2 of 20/20: The Temasek Short Film Project presents 4 music videos, each dealing with a different theme—risk, hope, sacrifice and determination—and set against the song "We'll Be Okay", written by actress-singer-songwriter Jean Goh and backed by the haunting vocals of .gif, Joie Tan, Shak'thiya Subramaniamm and Umar Sirhan. Temasek Review 2020. We are spurred by the opportunities to invest in or work with companies that can help address global sustainability challenges. They stepped up and contributed in whatever ways they could. 71 Temasek reviews. Alongside our transport partners SMRT Corporation, SBS Transit, Leisure Frontier, engineering firm HOPE Technik, and Sheares Healthcare, we rolled out a fleet of COVID-19 Multi-Passenger Enhanced Transporter (COMET) vehicles. Disappearance of Felicia Teo Wei Ling Recently, there has been a flurry of developments to the missing case of the Late Felicia Teo who vanished since 2007. We added to our stakes in PayPal, Mastercard and Visa; and invested in promising emerging companies such as Blend, a US-based digital lending platform for mortgages and consumer banking. Mr Lim Boon Heng, Chairman, Temasek Holdings, said, “In January this year, we saw the emergence of a new and unknown infectious disease. In China, work has resumed steadily, and recent data suggests that the domestic economic recovery is underway. Singapore, Tuesday 8 September 2020 – Temasek closed its financial year ended 31 March 2020, with a Net Portfolio Value (NPV) of S$306 billion1. We hope that these initiatives continue to enable individuals to help our wider community overcome the COVID-19 challenges. We have mainstreamed sustainability considerations in our investment and portfolio management processes. One key target is to reduce net emissions attributable to our portfolio to about seven million tonnes of CO2e3 by 2030. Our investment philosophy is anchored around four key themes: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. In 2003, post SARS, we had committed to set aside a portion of our positive Wealth Added returns for community purposes. All content is posted anonymously by employees working at Temasek. Pavilion Capital is a private equity firm and is a wholly owned subsidiary of Temasek Holdings. The combined entity brings together STAM’s dedicated global public credit franchise and structured credit expertise with SeaTown’s dynamic approach to multi-asset investing. Helmed by pragmatic leaders and staffed by idealistic youngsters, it was a microcosm of a newly independent Singapore. It was also clear that we should not allow COVID-19 to be the biggest plastic pollution event. Temasek’s consolidated financial information as at and for the financial years ended 31 March 2018 to 2020 included in this presentation have been prepared in accordance with both International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board and Singapore Financial Reporting Standards (International). Our disciplined adherence to this commitment ever since, has given us the wherewithal to fund various COVID-19 related initiatives at this time. Our non-profit philanthropic arms like Temasek Trust and Temasek Foundation give expression to the commitment to do well, do right and do good in the larger community. View online. 76 Temasek reviews. Temasek is an active investor, constantly reshaping our portfolio, always peering into the future, and asking where the world is going. The billing periods for AY 2020/2021 are: Semester 1: 20 April 2020 – 18 October 2020 Semester 2: 19 October 2020 – 18 April 2021. By continuing to browse our site, you accept the use of cookies. Turn cookies on.Â, View our privacy notice for more information, This site uses cookies. In the long run, our ambition is to deliver a net zero emissions portfolio by 2050. We anticipate that overall policy will stay accommodative to support the economic and job recovery. Our investment direction in Temasek is shaped by structural trends: longer lifespans, rising affluence and sustainable living drive social progress, enabled by technological solutions for sharing economies, smarter systems and a more connected world. SMRT Corporation partners Temasek Foundation, HOPE Technik and Sheares Healthcare to deploy special buses for COVID-19 operations. Our staff in various offices not only reached out to help their respective communities, but also to other regional communities. By continuing to browse our site, you accept the use of cookies. Turn cookies off.Â, Stay informed and keep abreast of the latest news, Grow your career with us and unlock your potential, An active investor, forward looking institution and trusted steward, Delivering sustainable returns for generations to come. Mr. Howard “will lead our initiatives and develop a holistic framework to drive our sustainability agenda forward”, the spokesman is quoted as saying in the December 10 report. For more details about cookies and how to manage them see our cookie policy. By supporting each other as cross border teams, we worked to anticipate the shifting needs as the virus raced across the world. We look to uplift lives and communities, so that no one is left behind. It is very much part of our ownership mindset, to share gains and pains alongside our shareholder, our portfolio companies, and our communities. Life sciences and healthcare investments included AIER Eye Hospital; CareBridge, an integrated healthcare system; and biopharma companies developing new drugs and therapeutic solutions such as Beam Therapeutics, Coherus BioSciences, Transcenta and Vir Biotechnology. We can overcome any short term challenges, by being committed to help one another, staying resilient and working together as one team, one community, one world. We have joined Libra Association, which focuses on developing a blockchain-based payment system to enable the creation of a regulated global network for cost effective retail payments. We worked with SGX and HSBC to complete Asia’s first digital bond issuance for Olam International, and pave the way for the increasing digitalisation of financial products using blockchain technologies. This has led us to accelerate our investments into low-emission and resource-efficient companies, including in the areas of energy, food, waste, water, mobility and urban development.”. The Polytechnic Foundation Programme (PFP@TP) is a one-year programme provided by the Centre for Foundation Studies to provide a head start for the top Secondary 4 Normal (Academic) students at the Singapore-Cambridge GCE N(A) Level Examinations in Temasek … We have also committed to a longer term ambition of net zero emissions by 2050 for our portfolio. There are 2 semesters in each Academic YEAR (AY). “One way for us to shape our portfolio for the future is to seek innovative companies at the forefront of developing new, sometimes disruptive, solutions that create new opportunities.”, Mr Wu Yibing, Joint Head, Enterprise Development Group and Head, China, added, “Sustainability is at the core of everything we do. The year also saw various major moves among our portfolio companies. Mr Michael Buchanan, Head, Macro Strategy and Head, Portfolio Strategy & Risk Group, pointed out, “There remain growing concerns around rising geopolitical and trade tensions caused by the US-China strategic rivalry and the impending US presidential election in November. We do our share, often with the support of others, and always in partnership with anyone who has willingness and a bold idea or solution. Investments in Singapore growth companies included ShopBack, a rewards and discovery platform; and Growthwell Group, which makes plant-based meat alternatives. We are now committed to halve the aggregate carbon emissions of our growing portfolio by 2030, and drive towards net zero carbon emission by 2050. In February, Temasek announced wage restraint measures to lend moral support to the men and women in our portfolio companies. Mr Pillay explained, “Everyone, from partners within our ecosystem to individuals including our staff and others in our portfolio companies, came together as one. We care deeply about the values of our people, helping them grow as individuals and as a Temasek team. We actively supported ground-up initiatives, such as Masks Sewn with Love, where selfless volunteers hand sewed over 250,000 masks for the vulnerable, and the families of frontline workers. With COVID-19, no one is safe till everyone is safe. This became a full blown pandemic by March. We are a long term investor, institution and steward. Beyond redirecting some of the community funds accumulated since 2003, we tapped on our networks and staff, and tutored ourselves every day along the way. We have a zest for excellence and learning that has enabled us to grow individually and collectively, and prepare for the opportunities ahead. We actively seek sustainable solutions to address present and future challenges, as we capture investment and other opportunities that help to bring about a better, smarter and more sustainable world. Temasek has had overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively, since our inaugural credit ratings in 2004. “Only when the communities thrive, can we as an investor thrive.”. Despite this, we expect certain segments of the economy, especially technology services, to remain resilient amidst the shift in lifestyles such as remote working arrangements. The School is the first to offer design studies in a polytechnic. View online. We took risks that would make a difference if greater risks emerge; otherwise, they are an insurance premium well spent if the pandemic subsides. These were retrofitted with negative pressure systems to facilitate the mass transfer of COVID-exposed passengers to and from testing or community care facilities, while ensuring the safety of the drivers. I interviewed at Temasek (Singapore (Singapore)) in June 2020. Around blockchain, we collaborated with the Monetary Authority of Singapore and J.P. Morgan to develop a blockchain-based prototype for multi-currency payments. We recognise the urgent need for businesses with innovative solutions to improve lives and increase social resilience. See All 39 Interviews. We work actively with our portfolio companies to think ahead about the future. Our portfolio companies and network of partners helped to drive meaningful projects for the community. Nurturing Innovation, Building Capabilities and Strengthening Enterprises. Harking back to the 14th century crossroads of Asia, Temasek is an old name for Singapore, a former trading sea town, perhaps a minor kingdom linked to the Chola Dynasty of South India in the 11th century. We must do things today, with the next one, two or three decades in mind. Our three roles as an Investor, Institution and Steward, as defined in our Temasek Charter, shape our ethos to do well, do right and do good. We own and manage our assets based on commercial principles. In addition, we strengthened our Environmental, Social and Governance framework. Even as Temasek focuses on our longer term T2030 goals, our staff volunteer selflessly to support a multitude of COVID-19 projects. We look to connect people and places, and spur dialogue for better understanding between people. Our cash and bank balances, together with our short term investments, were three times our S$15 billion outstanding debt. During the year, Temasek invested S$32 billion; divested S$26 billion; and ended the year with a resilient balance sheet. huimin@temasek.com.sg, Dawn TAN It involves the storage of energy from intermittent renewable energy sources and the production of carbon-neutral fuels from CO2 emissions. Headquartered in Singapore, we have 11 offices around the world: Beijing, Hanoi, Mumbai, Shanghai and Singapore in Asia; and London, New York, San Francisco, Washington DC, Mexico City, and Sao Paulo outside Asia. Investments in China included Kuaishou Technology, a short video social platform; Beijing-Shanghai High Speed Railway; and Ocumension Therapeutics, an ophthalmic pharmaceutical platform company. TSR takes into account all dividends distributed to our shareholder, less any capital injections. This represents half the estimated carbon emissions attributable to our portfolio in 2010, and approximately a quarter of the estimated emissions in 2020. Overview The DNA of Temasek A 14 th century trading sea town to a trusted steward in the 21 st century. The firm was founded in 2011 and is headquartered in Singapore, Singapore. We took risks, that would make a difference if greater risks emerge, or, be spent as insurance premium if the pandemic subsides. We continue to see significant activities in the financial services, technology, and life science sectors. Before joining Temasek in December 2016, Mr. Hu was chief executive officer of Hong Kong newspaper company South China Morning Post. By continuing to browse the site you are agreeing to our use of cookies. Over 400 of our staff volunteered in various COVID-19 initiatives in Singapore and around the world. We supported donations in and outside of Singapore. So, we decided to run ahead of the curve, even before we knew it would be a pandemic. Thus, we supported campaigns for reusable DIY masks and #BYOBclean for hand sanitizer collection, to reduce plastic waste. Mr Dilhan Pillay, Chief Executive Officer, Temasek International, noted, “While we remain watchful on the impact of COVID-19, we are also committed to building a more sustainable planet for ourselves, and for future generations. These would likely create a more challenging environment for long term investors and asset owners. We strive to bring value to our stakeholders as an active global investor and forward looking institution, by investing for and building a better tomorrow. We share risks we see, such as an unknown infection outbreak in Wuhan, China, in early January 2020, and engage them on long term issues like climate. Only then, can we maintain our long term compass, and leave a better world for our future generations.”. Geographically, the US again accounted for the largest share of new investments during the year, followed by China and Singapore. Temasek Ms Png Chin Yee, Deputy Chief Financial Officer and Head, Financial Services, shared, “The outlook for economic recovery remains clouded, despite significant fiscal and monetary policy support. Interview. This included enhancing emphasis on climate analysis, as well as a deeper focus on supporting companies in their own sustainability journey. One-year Total Shareholder Return (TSR) was -2.28%. Tel: +65 6828 2468 We see downside risks relating to a resurgence of COVID-19 cases and a potential tightening of credit conditions affecting domestic demand growth as fiscal support schemes expire. Temasek’s investments in Asian countries excluding Singapore accounted for 42% of its total portfolio as of end-March, up from 40% a year ago. Tel: +65 6828 6518 Temasek began life questioning its role and purpose. These trends are driven by social progress, demographic shifts and changing consumption patterns, as well as enabled by technological advances. The global market outlook remains volatile and uncertain, with new challenges emerging every day. Interview asked mainly about my resume and experience in research. This site uses cookies. Thus, we supported campaigns for reusable DIY masks and #BYOBclean for hand sanitiser collection, to reduce plastic waste. Temasek Overview Work here? We do things today with tomorrow clearly in our minds, always looking at the future implications of what we choose to do today. Temasek investee company SATS, a food solutions and gateway services provider, is installing solar panels on the rooftops of all its air freight terminals to reduce its carbon footprint. Sustainability is at the core of everything we do in Temasek. After the end of the financial year, we participated in Singapore Airlines’ rights issue to raise new capital. Temasek also divested S$26 billion in the year to March 2020. Our teams also actively responded to the changing needs of a growing global challenge, as the pandemic waxed and waned in different parts of the world and disrupted supply chains. While the initial recovery pace had been sharper than expected, that has now moderated. Nonetheless, parts of the economy have shown resilience, and the ongoing fiscal support has helped to support employment and alleviate pressures on businesses. Temasek Review 2020 Highlights Towards T2030 We delivered a carbon neutral Temasek. We will invest in negative emissions technologies and nature-based solutions. Doing right and doing good has never been more critical – no one is safe, till everyone is safe. In line with our commitments and values, we have intensified our efforts to translate the UN SDGs into the reality of an abc World, of active economies, beautiful societies and a clean Earth. 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