Temasek Holdings, the investment company owned by the Singapore government, grew its net portfolio value to a record S$215 billion $173 billion in the 12 months to the end of March this year, according to the its 2013 review that was published yesterday.
That was an increase by S$17 billion from S$198 billion in the previous fiscal year. The total shareholder return, which includes dividends paid to the government but excludes potential capital injections going the other way, was 8.86% for the year well above the 1.5% recorded in the previous 12 months.
However, the return in the 2012 fiscal year still lagged behind the long term...
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