Deals
Temasek’s Assets Set to Reclaim Peak as Asia Pays Off
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Temasek Holdings Pte is set to post a record jump in the value of its assets as markets rebounded and the Singapore state investment firm increased bets in Asia.
Temasek will likely say assets recovered by about 40 percent to around the S$185 billion ($133 billion) peak reached two years earlier when it reports results for the 12 months to March 31, said Song Seng-Wun, an economist at CIMB Research Pte in Singapore. A year ago, assets plunged S$55 billion as Temasek lost on bank stakes during the financial crisis.