08.07.2011 - State media: Temasek Holdings made ‘record’ profits
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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