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

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

Despite reports of withdrawal, Sega still exploring Web3 games

Despite reports of withdrawal, Sega still exploring Web3 games

Sega Corporation, the game company behind the hits Sonic the Hedgehog, Yakuza, and Virtua Fighter, has announced that it will exit blockchain-based games despite reports and speculation. It announced plans to release a Web3-based game in the near future. A Bloomberg report on Friday, citing an interview with Sega co-chief operating officer Shuji Utsumi, said … Read more