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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance, Research

State media: Temasek Holdings made ‘record’ profits

Posted on 08 July 2011

The PAP-controlled media has gone on a propaganda overdrive to publicize Singapore sovereign wealth fund Temasek Holdings’ ‘record’ profits in the past financial year.
According to Channel News Asia, the group net profit was S$13 billion, more than double the S$5 billion a year ago, an increase of 3.8 per cent from S$186 billion in the previous year which translates to a miserly return of only 4.6 percent………………………………………Full Article: Source


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