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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTemasek CIO on the green transition: 'Clearly we can move faster, we need to move faster'Rohit Sipahimalani, CIO of Temasek, discusses how geopolitics affects efforts to address the climate crisis.
Persons: Rohit Sipahimalani Organizations: Temasek
SINGAPORE, July 11 (Reuters) - Singapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March. The drop in net portfolio value is its first since the 2019 financial year and came amid intensified global market volatility. Over the last decade, Temasek has grown its net portfolio value by 77.7% to S$382 billion from S$215 billion in 2013. Its portfolio value hit a record high of S$403 billion in the year ending in March 2022. Most of China's tech companies share prices have rallied since Friday on the hope that strict regulations that have stymied growth for more than two years would ease.
Persons: Chin Yee, Temasek, Rohit Sipahimalani, it's, Yantoultra Ngui, Xinghui, Robert Birsel Organizations: Temasek Holdings, Ant Group, Temasek, DBS, China Construction Bank, PSA International, Mapletree Investments, Ant, People's Bank of, Thomson Locations: SINGAPORE, Singapore, China, Asia, Temasek, People's Bank of China
Rohit Sipahimalani, chief investment officer of Temasek Holdings Pte, speaks during a news conference in Singapore, on Tuesday, July 11, 2023. Ore Huiying | Bloomberg | Getty ImagesSingapore's sovereign wealth fund Temasek is not currently looking to invest in crypto companies amid regulatory uncertainty in the sector, its chief investment officer Rohit Sipahimalani said. "There's a lot of regulatory uncertainty in this environment. The U.S. Securities and Exchange Commission charged top U.S. crypto exchange Ripple for breaching local securities laws by selling its native token XRP without first registering it with the regulator. The SEC separately charged another U.S. crypto exchange Coinbase for operating as an unregistered securities exchange, a broker or a clearing firm.
Persons: Rohit Sipahimalani, Sipahimalani, Coinbase, We've, we'll Organizations: Temasek Holdings, Bloomberg, Getty, Temasek, CNBC, U.S . Securities, Exchange Commission, SEC Locations: Singapore, cryptocurrency, cryptocurrencies, FTX
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTemasek says it's 'very difficult' to invest in crypto exchanges amid regulatory uncertaintiesRohit Sipahimalani, Temasek's chief investment officer, talks about why the firm invested in failed crypto exchange FTX, and explains why Temasek "would not be comfortable" investing in crypto assets right now.
Persons: it's, Rohit Sipahimalani Organizations: Temasek
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