Singapore's Temasek says assets worth $131 bln

Reuters, 21 Aug 2008, Kevin Lim and Saeed Azhar

SINGAPORE, Aug 21 (Reuters) - Singapore sovereign fund Temasek's assets were worth S$185 billion ($131 billion) at the end of March, Temasek's chairman S Dhanabalan said on Thursday, up 13 percent from a year earlier.

"Growing with our blue chip companies and our direct investment activities, Temasek now owns a net portfolio of about S$185 billion at market value as at March 31, 2008," he said in a speech.

He said Singapore and Asia account for nearly 75 percent of Temasek's investments, down from 78 percent reported a year earlier.

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