Temasek Holdings Reports S$7.3 Billion Loss in FY2023, While Norwegian Sovereign Wealth Fund Expects Quarterly Profit of $84 Billion – The Online Citizen Asia
Singapore’s sovereign wealth fund (SWF) Temasek Holdings reportedly lost S$7.3 billion in its 2023 fiscal year. Temasek said its net portfolio value fell 5.2% to S$382 billion from S$403 a year earlier. It also reported a one-year total shareholder return (TSR) of -5.07%. Temasek said the loss was mainly due to changes in accounting standards, … Read more