| Singapore’s state-investment firm remained upbeat on Asian economies, where it sealed half its new investments in the past fiscal year, even as it trawled the US and Europe for investments. It continues to favour companies in the financial services, life sciences, energy and consumer-product sectors.
Fiscal-year net profit rose slightly to $S10.9 billion ($9.3bn) from $S10.6bn a year earlier, Temasek said. Its portfolio value during the period grew 3.7 per cent to a record $S223bn, from $S215bn a year earlier.........................................Full Article: Source
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