Temasek admits $28 billion-plus balance-sheet hit

singapore

Ho Ching, the CEO of Temasek and wife of Singapore's prime minister, revealed the scale of the impact the credit crisis had had on the sovereign wealth fund in a speech in the city state on Tuesday.

"In our Temasek Review last year, we reported an annual Value-at-Risk of almost S$40 billion ($28 billion) last March. This meant a 16% probability for our portfolio value to drop more than S$40 billion by March this year," she said. "Indeed, it had turned out to be so, and more."

Temasek was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.