| The continued focus on local consumption and bets on emerging champions that have a distinctive advantage of being Indian remains the overriding thread of Temasek, even though the investment company of the Singapore government has suffered its first portfolio decline since the 2009 global financial crisis, pointing to more tough times ahead.
The firm's net portfolio value fell to Singapore $242 billion for the financial year ended March 31, down from Singapore $266 billion a year ago. The one-year total shareholder return came in at a negative 9.02% in Singapore dollar terms, reflecting the decline in the mark-to-market valuation of its listed investments, particularly in China and the financial services sector...............................................Full Article: Source
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