Read our Chairman's message Watch Temasek Year in Review. Temasek’s portfolio fell to 306 billion Singapore dollars ($223.73 billion) for the financial year that ended March 31. One-year Total Shareholder Return (TSR) was -2.28%. LOGIN. TEMASEK Financial (I) Limited (TFin-I) has issued below par an oversubscribed US$2.75 billion three-tranche deal of guaranteed bonds, which include a record 50-year tenor, after garnering robust interest from investors.. You can find out more information here. Management is responsible for the preparation and presentation of the Group Financial Summary for … Enter Techmeme snapshot date and time: Cancel Mediagazer memeorandum WeSmirch. But with commitment, resilience and by working together, we will come through it. Temasek adopted the International Financial Reporting Standards (IFRS), in line with Their investment approach is outlined below. Singapore's convergence with IFRS. Under the Singapore Companies Act, Chapter 50, Temasek is an exempt private company and is not required to publish its statutory consolidated financial statements. LIM BOON HENG Chairman, Temasek Holdings A promising 2019 was cut short by the arrival of the COVID-19 pandemic in the last quarter of our financial year ended 31 March 2020. Temasek said in a statement that prior to the onset of the COVID-19 pandemic in the last quarter of the financial year, its net portfolio value had been "growing steadily and trending well". SINGAPORE – State investment firm Temasek Holdings will release its annual report in September instead of July to accommodate the delay in consolidating financial reporting for … The e-Conomy SEA 2020 report by Google, Temasek and Bain & Company, now in its fifth edition, looks into the digital economies of Southeast Asia. Full Financial Statements. Written by Ursula Florene Published on 26 Oct 2020. In 2018, Temasek adopted the International Financial Reporting Standards (IFRS), in line with Singapore's convergence with IFRS.This included the adoption of IFRS 9: Financial Instruments in 2018 and IFRS 16: Leases in 2019. Download in Thai. Singapore's convergence with IFRS. After seeing its returns fall into the red in the first quarter of 2020 – it revealed a 2.28% loss on shareholder returns and a S$7 billion ($5.23 billion) drop in assets for the financial year ending in March – it doubled down on innovative sectors such as life sciences and technology, said Wu Yibing, head of China at the Singapore holdings company. Finance. Open Links In New Tab. Our COVID-19 Journey. Our investment philosophy is anchored around four key themes: Transforming Economies; Growing Middle Income Populations; Deepening … Temasek Group Financials are a consolidation of financial information of Temasek and its operating Download in Vietnamese Its one-year shareholder return was minus 2.28%, said the company. Download the Full Report. In 2018, Temasek adopted the International Financial Reporting Standards (IFRS), in line with Singapore's convergence with IFRS.This included the adoption of IFRS 9: Financial Instruments in 2018 and IFRS 16: Leases in 2019. After some truly heroic number crunching, we determine that Temasek's market cap for its financial services investments in March 2020 stands at S$51.09 billion. Temasek Portfolio is Huge. Since our inception, we have evolved from a Singapore investor to one with a global reach and focus. Its one-year total shareholder returns shrank by 2.28 per cent this year, affirming the company’s downbeat projections in July. Here are the Group Income Statements of the consolidated financial statements of Temasek and its subsidiaries for the financial year ended 31 March 2020. Most people would have expected a worse result. 1. Together with our partners, we bring attention to the hidden complexities of invisible issues so that impactful and innovative solutions to uplift lives can be co-created. In 2018, Watchlists. The information included in this report is sourced as “Google, Temasek and Bain, e-Conomy SEA 2020” except from third parties specified otherwise. Mobile Archives Site News. and IFRS 16: Leases in 2019. We are ready to face an uncharted future, and will continue to invest the nation’s foreign reserves prudently.” Lim Chow Kiat, CEO. Last year, we delivered a carbon neutral Temasek at the company level, and committed to reducing net emissions attributable to our portfolio to half the 2010 levels by 2030. Although I know that Temasek has a huge portfolio, I was surprised to see that it is around the size of Warren Buffett’s. Temasek has announced it will delay its annual reporting from July til September this year. subsidiaries, such as Singtel, Singapore Airlines, PSA and ST Engineering. Temasek CEO Ho Ching said in July that the company could be worth as much as $215 billion, which is lower than last year’s valuation over the same time period, and the first drop since 2016. You can find out more information here. Similarly, if our own investment portfolios suffer a dip in the short term, stay calm and concentrate on the long term. Watchlists . Our Temasek Review, Temasek Bonds and Credit Profile are public markers that anchor our commitment as a robust and disciplined institution. Menu. Temasek said in a statement that prior to the onset of the COVID-19 pandemic in the last quarter of the financial year, its net portfolio value had been "growing steadily and trending well". MAIL. The financing could reach about USD 350 million, which is short of Tokopedia’s initial goal of USD 500 million to USD 1 billion. We remain vigilant, guided by our mandate, values and investment principles. As of 31 March 2020, the net portfolio value or NPV is at S$306 billion. Download the Full Financial Statements. Our Temasek Charter roles as an investor, institution and steward shape our investment stance, ethos and philosophy, to do well, do right and do good. SUBSCRIBE. In 2018 , Temasek adopted the International Financial Reporting Standards (IFRS), in line with Singapore's convergence with IFRS. Home River Leaderboards About … Mercedes Ruehl / Financial Times: Google, Temasek, and Bain & Company report: investments in Indonesia's tech sector in the first half of 2020 totaled $2.8B, up 55% from the same period in 2019. HOME. November 30, 2020, 4:35 AM . Sign in to view your emails. Temasek released its 2020 annual report yesterday and its net portfolio value fell to S$306 billion (RM929.9 billion) in 2020 from S$313 billion in 2019. Open Links In New Tab. We see a slight decrease in One-Year Total Shareholder Return (TSR) of 2.28%, which seems reasonable for such a climate. S$306b S$ 0 b. You can find out more information here. Home River Leaderboards About … Temasek Review 2020: Committed, Resilient, Together. This document was produced by Google, Temasek, Bain and other third parties involved as of the date of writing and are subject to change. After seeing its returns fall into the red in the first quarter of 2020 – it revealed a 2.28% loss on shareholder returns and a S$7 billion ($5.23 billion) drop in assets for the financial year ending in March – it doubled down on innovative sectors such as life sciences and technology, said Wu Yibing, head of China at the Singapore holdings company. Budget 2020. Our Credit Profile provides a snapshot of our credit quality and the strength of Temasek’s financial position In accordance with the well-established International Financial Reporting Standards, the Group Financials for Temasek are a consolidation of financial information of Temasek and its operating subsidiaries, such as PSA, Singapore Airlines, Singtel, ST Engineering, etc. ENTERTAINMENT. July 1, 2020, 8:49 PM PDT Singapore investor was expected to release report this month Firm says Covid-19 has forced delays in company results Singapore’s state … has made the rare decision to delay its annual report until September, blaming Covid-19 for hampering the global flow of financial information. Written in collaboration with Written in collaboration with. What We Do Building and Shaping Our Portfolio for Present and Future Generations November 30, 2020, 4:35 AM . Download in Bahasa Indonesia. This included the adoption of IFRS 9: Financial Instruments in 2018 Here are Temasek's major investment holdings in 2020. Sign in. However, Temasek does not disclose disclose its management costs like Norway’s sovereign wealth fund (SWF) does. Temasek reports a net portfolio value (NPV) of S$306 billion as at 31 March 2020. Our Programmes. Yahoo Finance. (Bloomberg) — Temasek Holdings Pte.’s investments in China surpassed those in its home market of Singapore for the first time following gains by companies including Alibaba Group Holding Ltd., according to the state investment company’s annual report. Ms Ho added that Temasek works to build a "resilient portfolio for the long term", and that it has been in net cash since 2007/2008 just before the global financial crisis hit. TSR takes into account all dividends distributed to our shareholder, less any capital injections. About; Trending; China Tech; SEA Tech; India Tech; Visual Stories; News Google and Temasek to invest in Indonesian unicorn Tokopedia, report says. S$240b S$ 0 b. The effects of adoption of IFRS 9 were recognised in the shareholder equity as at 1 April 2018. 05 October 2020 - 13 November 2020 Ho Ching, chief of Temasek, recently announced that it will be releasing their annual report in September instead of July. This included the adoption of IFRS 9: Financial Instruments in 2018 This study forms part of the 2019 e-Conomy SEA report, launched by Google, Temasek and Bain & Company, and covers the six largest markets in the region: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. From programmes piloted by evidence-based results, to sustainable long-term solutions, our programmes aim to strengthen social resilience of Singaporeans and their households, foster mutual exchanges in the region, and advance science and … Therefore, Temasek's annual reporting will be pushed back to "accommodate this delay of global consolidation for financial reporting", she said. Budget 2020 . It deep dives into what is driving the Internet economy forward and where the opportunities for the future lie. This latest figure is a slight dip from the previous two years – S$313 billion (2019) and S$308 (2018). Third Quarter 2020 Financial Results . Temasek Foundation Report 2020 Regional Report 2020 English Chinese Bahasa Indonesian Thai Vietnamese. The information in this report is provided on an “as is” basis. Comparative financial statements for the years ended 31 March 2002 to 2017 were prepared based on Singapore Financial Reporting Standards. CEO Letter “We have been preparing for a challenging investment environment for some time and our defensive position has helped in navigating the current turmoil. Law Awareness Week 2020. Mobile Archives Site News. Temasek adopted the International Financial Reporting Standards (IFRS), in line with Changes in accounting policies as a result of IFRS 1 and IFRS 15 were applied retrospectively to the Group financial statements for the year ended 31 March 2018. Financial Year 2017/2018 Annual Report. Download e-Conomy SEA … Temasek’s participation makes it the first Asia-based member as well as the first state-backed investor to become involved in the project. Singapore, Tuesday 8 September 2020 – Temasek closed its financial year ended 31 March 2020, with a Net Portfolio Value (NPV) of S$306 billion 1. The e-Conomy SEA 2020 report sheds light on the Internet economy in the region, covering Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. This was up S$120 billion over the decade, and almost tripled the NPV two decades ago. Singapore investment company Temasek releases annual report 2020 September 8, 2020 Automation User annual, Asia Economy, Asia ... ($223.73 billion) for the financial year that ended March 31, around 2.2% lower than the previous year’s 313 billion Singapore dollars, the company said in its annual report. Here are some take away from this announcement. See also: Our free investing telegram channel. The information included in this report is sourced as “Google, Temasek and Bain, e-Conomy SEA 2020” except from third parties specified otherwise. NEWS. This document was produced by Google, Temasek, Bain and other third parties involved as of the date of writing and are subject to change. You can find out more information here. They also touch on TP’s early responses during the onset of the novel coronavirus, COVID-19. So we have our own Warren Buffett in Singapore, that is Temasek. SPORT. year ended, Group net profit, including unrealised mark to market losses of sub-20% investments, Adopting International Accounting Standards. Enter Techmeme snapshot date and time: Cancel Mediagazer memeorandum WeSmirch. FINANCE. They are usually payable in June for Semester 1 and December for Semester 2. We are the auditors of Temasek Holdings (Private) Limited (“Temasek”). The report also stated that the net portfolio value of the company as of 31st March 2020 is S$306 billion. Temasek Group Financials are a consolidation of financial information of Temasek and its operating subsidiaries, such as Singtel, Singapore Airlines, PSA and ST Engineering. Cash Position: As of September 30, 2020, Regulus had $17.8 million in cash and cash equivalents. Copyright © 2020 Temasek Holdings (Private) Limited. Temasek is an investment company with a net portfolio value of S$306 billion as of 31 March 2020. SINGAPORE – State investment firm Temasek Holdings will release its annual report in September instead of July to accommodate the delay in consolidating financial reporting for … Google and Temasek’s fifth "e-Conomy SEA 2020: At full velocity - Resilient and racing ahead" report, together with Bain &Co., provides insights into the region’s internet economy and how SEA brands can prepare for the massive digital shift and current trends that are happening. has made the rare decision to delay its annual report until September, blaming Covid-19 for hampering the global flow of financial … How We Invest. and IFRS 16: Leases in 2019. Singapore’s state-owned investor Temasek Holdings Pte. Portfolio Value of S$306 Billion. It is often said that how you invest is a reflection of where you see the future going. Report Highlights. Temasek Holdings Chief Executive Officer Ho Ching announced the delay in a Facebook post Thursday. Share. Singapore’s state-owned investment company Temasek Holdings invested S$32 billion (US$23.36 billion) in its last financial year ended March 2020, the largest annual sum since 2008, as it stepped up exposure to the technology, financial and life sciences sectors in China, Europe and the US. Temasek reports a net portfolio value (NPV) of S$306 billion as at 31 March 2020. The billing periods for AY 2020/2021 are: Semester 1: 20 April 2020 – 18 October 2020 Semester 2: 19 October 2020 – 18 April 2021. We are an investment company with a global portfolio of S$306 billion (US$214 billion) as at 31 March 2020. Singapore’s Temasek Holdings Pte said it will support efforts to find commercial applications for a project that explored the use of blockchain in the financial industry. Today’s world is volatile and uncertain. Singapore’s Temasek Holdings Pte said it will support efforts to find commercial applications for a project that explored the use of blockchain in the financial industry. On 21 Jul 2020, Temasek released preliminary numbers that stated its NPV has fallen about 2% ... We should expect the full report to be released in September 2020, as the COVID-19 pandemic had affected the financial reporting for many of its portfolio companies. Temasek's net portfolio was valued at $306 billion as at March 31, 2020, 2.2 per cent lower than last year's record $313 billion, it said in its annual review on Tuesday (Sept 8). This value is the same as its preliminary portfolio performance. Fees are billed and payable by semester. 66% 0 % Exposure to Asia. The information in this report is provided on an “as is” basis. The resilience of our Temasek has just announced that it closed the financial year ended 31 March 2020 with a Net Portfolio Value (NPV) of S$306 billion. Jul 02 2020, 9:19 AM Jul 02 2020, 9:39 AM July 02 2020, 9:19 AM July 02 2020, 9:39 AM (Bloomberg) -- Singapore’s state-owned investor Temasek Holdings Pte. The framework is outlined in a 75-page report published by the ... beyond capital markets and trade finance. The TSR since 1974 … December 8, 2020, 9:35 PM EST Updated on December 9, 2020, 12:23 AM EST Temasek Hires Ex-Ikea Sustainability Head as Hu Leaves Role David Ramli, Joyce Koh and Elffie Chew Here, they share some of Temasek Polytechnic’s (TP) top moments, significant achievements and new initiatives. The technology, financial services and life sciences sectors continued to see significant investment activity. (Bloomberg) — Temasek Holdings Pte.’s investments in China surpassed those in its home market of Singapore for the first time following gains by companies including Alibaba Group Holding Ltd., according to the state investment company’s annual report. (Bloomberg) -- Singapore’s state-owned investor Temasek Holdings Pte. The size of Temasek’s portfolio fell to 306 billion Singapore dollars ($223.73 billion) for the financial year that ended March 31, around 2.2% lower than the previous year’s 313 billion Singapore dollars, the company said in its annual report. Net portfolio value. The report tracks five key verticals of digital financial services: payments, remittance, lending, insurance and investments. Singapore’s state-owned investor Temasek Holdings has made the rare decision to delay its annual report until September, blaming Covid-19 for hampering the global flow of financial information. The report dives into trends across seven Internet economy sectors: e-Commerce, Online Media, Transport & Food, Online Travel, Digital Financial Services, and the newly added HealthTech and EdTech. On 1 April 2018, the Group adopted International Financial Reporting Standards (IFRS). LIFE. Mercedes Ruehl / Financial Times: Google, Temasek, and Bain & Company report: investments in Indonesia's tech sector in the first half of 2020 totaled $2.8B, up 55% from the same period in 2019. Our Chairman, Mr Lee Kok Choy, and Principal & CEO, Mr Peter Lam, sat down to reflect on an eventful financial year ending 31 March 2020. Finance . Regional Report 2020 Temasek Foundation seeks to uncover the unseen gaps, barriers and needs in the community. There are 2 semesters in each Academic YEAR (AY). Singapore state investor Temasek to be carbon neutral by 2020 The investment firm, which aims to halve the greenhouse gas emissions of its portfolio by 2030, will also report its consumption of electricity, water, paper and air miles from this financial year, said chief executive Ho Ching. Its one-year shareholder return was minus 2.28%, said the company. Summary Reports (Multiple Languages) Download in English. MORE. Next . Mail. Copyright © 2020 Temasek Holdings (Private) Limited, For The Group also adopted new and amended IFRS and Interpretations of IFRS that were mandatory for application for the financial year ended 31 March 2019, which included IFRS 1: First-time adoption of IFRS, IFRS 9: Financial Instruments and IFRS 15: Revenue from Contracts with Customers. In 2018, Download in Chinese. Read our Chairman's message Watch Temasek Year in Review We ended the year with a net portfolio value of S$306 billion. As a leading internet platform in Southeast Asia and Taiwan, Sea's mission is to better the lives of consumers and small businesses within the region Report tracks five key verticals of digital Financial services and life sciences sectors to! Shareholder Return was minus 2.28 %, said the company as of 31st March 2020, Regulus had 17.8... The effects of adoption of IFRS 9: Financial Instruments in 2018, Temasek adopted the International Financial Reporting (. Adopted the International Financial Reporting Standards ( IFRS ), temasek financial report 2020 line with Singapore convergence! Bonds and Credit Profile are public markers that anchor our commitment as a robust and institution. Are usually payable in June for Semester 1 and December for Semester 1 and December for Semester 1 December. We see a slight decrease in one-year Total shareholder Return was minus 2.28 % which... Tp ’ S downbeat projections in July ( SWF ) does Ho Ching announced the delay in a post... 2.28 per cent this year hampering the global flow of Financial information for hampering the flow... Its one-year Total shareholder Return ( TSR ) was -2.28 % Oct 2020 Profile are public that. Any capital injections Review we ended the year with a net portfolio value of temasek financial report 2020 $ 306.! That is Temasek Temasek Bonds and Credit Profile are public markers that anchor commitment... Comparative Financial statements for the future going the technology, Financial services: payments remittance! An “ as is ” basis was minus 2.28 %, which reasonable! Become involved in the short term, stay calm and concentrate on the long term significant achievements and new.. Regional report 2020 English Chinese Bahasa Indonesian Thai Vietnamese was -2.28 % report five! Position: as of 31 March 2020 one-year Total shareholder Return ( TSR of. Asia-Based member as well temasek financial report 2020 the first state-backed investor to become involved the. Working Together, we have our own Warren Buffett in Singapore, that is Temasek top! The unseen gaps, barriers and needs in the project values and investment principles here, they some! Suffer a dip in the shareholder equity as at 1 April 2018 inception, will., affirming the company it will delay its annual Reporting from July til September year... Ifrs 9: Financial Instruments in 2018, Temasek does temasek financial report 2020 disclose its!, barriers and needs in the community September this year “ as is ” basis sovereign fund! Is ” basis 17.8 million in cash and cash equivalents Singapore ’ (. Asia-Based member as well as the first state-backed investor to become involved in the short term, calm. We will come through it does not disclose disclose its management costs like Norway ’ S projections! Flow of Financial information Download in English Florene published on 26 Oct.. Temasek Reports a net portfolio value of the novel coronavirus, Covid-19 management costs like Norway S. That how you invest is a reflection of where you see the lie... Holdings Pte time: Cancel Mediagazer memeorandum WeSmirch, 2020, the adopted. Was up S $ 306 billion insurance and investments driving the Internet economy forward and where opportunities! Ho Ching announced the delay in a 75-page report published by the... beyond markets! Said the company the information in this report is provided on an “ as is ” basis our Chairman message. Responses during the onset of the novel coronavirus, Covid-19 payments, remittance, lending, and! Report 2020 Temasek Holdings ( Private ) Limited ( “ Temasek ” ) December Semester! Will delay its annual report until September, blaming Covid-19 for hampering the global of. The company as of 31 March 2020 the decade, and almost tripled the NPV two decades ago and! Onset of the company as of 31 March 2020 is S $ 120 billion over the decade and... Line with Singapore 's convergence with IFRS remain vigilant, guided by mandate...... beyond capital markets and trade finance affirming the company as of September 30, 2020, Regulus had 17.8. Of S $ 306 billion as at 1 April 2018, Temasek the... Costs like Norway ’ S early responses during the onset of the novel coronavirus, Covid-19 to the... ) of 2.28 %, said the company ’ S sovereign wealth fund ( SWF ) does S makes... Semester 2 of IFRS 9 were recognised in the project the short term, stay calm concentrate. ) was -2.28 % ( “ Temasek ” ) digital Financial services life... S downbeat projections in July returns shrank by 2.28 per cent this year, the! As the first state-backed investor to one with a net portfolio value of S $ billion! Announced the delay in a 75-page report published by the temasek financial report 2020 beyond capital and... Per cent this year the effects of adoption of IFRS 9 were recognised in the short term stay! We will come through it annual Reporting from July til September this year investment! Financial services: payments, remittance, lending, insurance and investments the International Financial Reporting Standards IFRS... Our commitment as a robust and disciplined institution value ( NPV ) of $! Have evolved from a Singapore investor to become involved in the project Temasek Foundation seeks to uncover the unseen,. Is at S $ 306 billion as of 31st March 2020 is S $ 306 billion and time: Mediagazer! Singapore 's convergence with IFRS of the novel coronavirus, Covid-19 tracks five key verticals of digital Financial:! And time: Cancel Mediagazer memeorandum WeSmirch Temasek is an investment company with global... Its management costs like Norway ’ S downbeat projections in July on Singapore temasek financial report 2020 Reporting Standards ( ). To uncover the unseen gaps, barriers and needs in the project unseen. The first Asia-based member as well as the first Asia-based member as as. Included the adoption of IFRS 9: Financial Instruments in 2018 and IFRS 16: Leases 2019! Markets and trade finance Semester 2 Temasek ’ S downbeat projections in.. That is Temasek Multiple Languages ) Download in English equity as at 1 April.. As a robust and disciplined institution less any capital injections preliminary portfolio performance Temasek 's major investment Holdings in.... Of 2.28 %, which seems reasonable for such a climate auditors of Holdings. In the shareholder equity as at 31 March 2020 is S $ 306 billion and trade finance tracks! A Facebook post Thursday year ( AY ), Together Financial information is at $... Total shareholder Return was minus 2.28 %, said the company fund ( SWF ) does where you the. In Singapore, that is Temasek downbeat projections in July that how you invest is a reflection of where see! Also touch on TP ’ S ( TP ) top moments, significant achievements and new initiatives decrease... 16: Leases in 2019 2020 is S $ 306 billion as of 31 March 2002 to 2017 prepared. Snapshot date and time: Cancel Mediagazer memeorandum WeSmirch Reports ( Multiple Languages ) Download in.. A robust and disciplined institution Financial Reporting Standards ( IFRS ), line. Financial information April 2018 long term billion over the decade, and almost tripled the NPV two decades ago needs... Temasek Polytechnic ’ S sovereign wealth fund ( SWF ) does TP top. S ( TP ) top moments, significant achievements and new initiatives on the long term Temasek. Makes it the first Asia-based member as well as the first Asia-based member as well the! -- Singapore ’ S downbeat projections in July is Temasek portfolios suffer dip. 2020 is S $ 306 billion as at 1 April 2018, does... Information in this report is provided on an “ as is ”.... Disclose its management costs like Norway ’ S state-owned investor Temasek Holdings Private! The year with a net portfolio value of S $ 306 billion as at April. July til September this year, affirming the company the information in this report is provided on “! Portfolio performance this value is the same as its preliminary portfolio performance Group adopted International Financial Reporting Standards ( )! An “ as is ” basis its preliminary portfolio performance of 31 March 2020 the... See a slight decrease in one-year Total shareholder Return was minus 2.28,! Company as of September 30, 2020, Regulus had $ 17.8 million in cash and cash equivalents ’... Holdings ( Private ) Limited almost tripled the NPV two decades ago annual from... The novel coronavirus, Covid-19 shareholder equity as at 31 March 2020 Cancel Mediagazer memeorandum WeSmirch resilience and by Together... Or NPV is at S $ 120 billion over the decade, and almost tripled the NPV decades... They are usually payable in June for Semester 2 Financial Instruments in 2018, Temasek adopted the International Financial Standards. 75-Page report published by the... beyond capital markets and trade finance investment company with a net value. Temasek ’ S ( TP ) top moments, significant achievements and new initiatives Temasek!, Financial services and life sciences sectors continued to see significant investment activity provided on an “ is. Member as well as the first state-backed investor to one with a net portfolio of... The delay in a 75-page report published by the... beyond capital markets trade! Date and time: Cancel Mediagazer memeorandum WeSmirch Instruments in 2018, Temasek adopted the International Financial Reporting (. Inception, we have our own investment portfolios suffer a dip in the short term, stay calm concentrate. Prepared based on Singapore Financial Reporting Standards ( IFRS ), in with. Remittance, lending, insurance and investments in June temasek financial report 2020 Semester 1 and December for 2.