SWF Radar TemasekHoldings

TODAYonline reports that, “Capital gains from Temasek Holdings are to be excluded from the Government's new spending plans as the national investment company's strategy of taking concentrated stakes in companies means its long-term returns are not easy to forecast.”

The Straits Times reports that, “of Singapore Investment Corp and Temasek Holdings, the nation’s investment companies, can take advantage of financial turmoil to add assets instead of being forced into ‘panic’ sales, said Senior Minister of State for Finance, Mrs Lim Hwee Hua on Monday.”

The Financial Times reports that, “A consortium from Hamburg looks set to acquire Hapag-Lloyd after Singapore's Neptune Orient Lines dropped out of the auction to buy the Tui-owned shipping unit. NOL, controlled by Singapore sovereign fund Temasek, on Friday said it was pulling out of the bidding, leaving the consortium from Hapag-Lloyd's home town as the sole bidder.”

Thomson Reuters reports that, “Singapore’s state investor Temasek has hired Rohit Sipahimalani, head of Southeast Asia investment banking for Morgan Stanley, to join the fund in November as managing director, sources said on Thursday.”

Thomson Reuters reports that, “Singapore’s Changi Airport will be split into two entities by July 2009 – an airport company under state investor Temasek Holdings and a regulatory body that will oversee the city-state’s airports. The new airport company, which will manage the city-state’s Changi Airport and investments in foreign airports, will be a wholly owned subsidiary of Temasek, Singapore’s Transport Minister Raymond Lim said on Tuesday.”

Thomson Reuters reports that, “Singapore state investor Temasek Holdings said on Tuesday it has begun the divestment process for PowerSeraya, which generates about 28 percent of the city-state’s electricity.”

The Financial Times reports that, “Temasek Holdings, the Singapore state investment company, plans to use the proceeds from the sale of an Indonesian bank last week to make more investments in the Asian financial sector.”

The Financial Times reports that, “Temasek’s latest annual report is entitled Risks & Opportunities. That is an apt description of the Singapore state investment company's exposure to financials, which make up 40 per cent of its S$185bn (US$129bn) asset portfolio.”

Thomson Reuters reports that, “Singapore’s Temasek Holdings has increased its stake in Merrill Lynch & Co Inc to 13.7 percent from 9.4 percent, according to a U.S. regulatory filing.”

Thomson Reuters reports that, “Fullerton Financial Holdings, part of Singapore’s Temasek, said on Saturday it offered an improved deal for the sale of its stake in Bank Internasional Indonesia [BII] but Malaysia’s Maybank did not accept it, another blow to a troubled deal.”