Temasek hurt by China shadow banking woes
(8 Jul) Temasek, Singapore’s state investment company, said the outlook for Europe’s economies was “mixed, with uneven structural reforms” as it reported slower growth in the value of its portfolio after taking a hit on investments in Chinese banks and Standard Chartered. The news came as Temasek, marking 40 years since...
Singapore sees record rise in white collar crime
(2 Jul) - Singapore reported a record number of money laundering cases last year and seized more than $92 million in suspected criminal proceeds as an increasing number of foreign criminals sought bank accounts there, according to an annual report from the city-state’s Commerce Affairs Department (CAD). “Singapore’s openness...
Singapore state investor remains positive on China banks
(8 Jul) - Singapore sovereign investor Temasek Holdings Pte Ltd [TEM.UL] said on Tuesday it intends to keep investing in Chinese banks even as it reported a slowdown in its portfolio growth due to a drop in the value of some of its bank holdings. Temasek, headed by Ho Ching, the wife of Singapore Prime Minister Lee Hsien Loong,...
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