The Malaysian Insider, 11 Feb 2009
SINGAPORE, Feb 11 – The global financial meltdown cost Temasek Holdings a S$58 billion (RM140 billion) paper loss in eight months, the government revealed yesterday. And the Government of Singapore Investment Corporation’s portfolio is expected to yield a lower than average return this year.
But despite the blows, the government has full confidence in Temasek and GIC to ride out the market downturn – and says they will produce solid returns in the long term.
Read More
