The Wall Street Journal, 28 May 2009, SE YOUNG LEE and COSTAS PARIS
SINGAPORE -- Singapore's state-owned investment company Temasek Holdings Pte. Ltd. lost 58 billion Singapore dollars (US$39.91 billion) from the end of March 2008 to November 2008, or a little over than half of its portfolio value gains from the previous five years, the city state's finance minister said.
Tharman Shanmugaratnam, speaking in parliament, said Temasek's investment portfolio grew by S$114 billion during the market cycle from 2003 to 2007.
Read More
