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Top related persons:
Lim Boon Heng - 2 LPR - 1 Simon Cameron - 1 Moore - 1
Top related locs:
Singapore China Asia Japan Russia Ukraine LAUNCESTON Australia
Top related orgs:
Temasek Holdings - 1 Temasek - 1 Singapore - 1 Commodities - 1 Xinhua - 1 Brent - 1 U.S - 1 . Federal - 1

Search resuls for: "Lim Boon Heng"


4 mentions found


☆ Singapore state investor Temasek posts negative annual return, its first since 2020
  + stars: | 2023-07-11 | by ( Clement Tan | ) www.cnbc.com   time to read: +2 min
This was just its fifth one-year total shareholder negative return since 2003. Singapore's state investment company Temasek recorded its first annual shareholder negative return since 2020, weighed by a challenging macroeconomic and geopolitical environment. Net portfolio value came in at $382 billion Singapore dollars ($284.77 billion), compared to S$403 billion a year ago. Still, Temasek's decline in annual shareholder return in 2022/23 compares relatively favorably with global stock market returns. Its three-year total shareholder return stood at 8%, while its 10-year return was at 6% and 20-year return at 9%.
Persons: Lim Boon Heng Organizations: Temasek Holdings, Temasek, Singapore Locations: Singapore, Asia, Japan, China, Russia, Ukraine
☆ Column: Commodities in mixed response to latest China stimulus efforts: Russell
  + stars: | 2023-06-22 | by ( Clyde Russell | Thomson Reuters | Clyde Russell Is Asia Commodities | ) www.reuters.com   time to read: +4 min
LAUNCESTON, Australia, June 22 (Reuters) - Commodities had a mixed reaction to the latest stimulus measures aimed at boosting the Chinese economy's stuttering post-pandemic recovery. Still, iron ore imports have remained fairly steady in recent months. Commodity analysts Kpler estimated that arrivals in June would be in the order of 98.73 million metric tons, which would be slightly higher than the official customs figure for May of 96.17 million tons. OIL GAINSIn contrast to iron ore's lacklustre response to China's latest stimulus measures, crude oil and copper performed better. Asia's crude oil imports are expected to remain robust in June.
Persons: Lim Boon Heng, LPR, Simon Cameron, Moore Organizations: Commodities, Xinhua, Brent, U.S, . Federal, Refinitiv Oil Research, Shanghai, Reuters, Thomson Locations: LAUNCESTON, Australia, Singapore, Beijing, China, May's, India, South Korea
☆ Singapore's Temasek cuts compensation for staff responsible for FTX investment
  + stars: | 2023-05-29 | by ( ) www.cnbc.com   time to read: +1 min
Singapore state investor Temasek Holdings said on Monday it had cut compensation for the team that recommended its investment in the now-bankrupt FTX cryptocurrency exchange, as well as for its senior management team. The move comes around six months after Temasek initiated an internal review of its investment in FTX, which resulted in a writedown of $275 million. "Although there was no misconduct by the investment team in reaching their investment recommendation, the investment team and senior management, who are ultimately responsible for investment decisions made, took collective accountability and had their compensation reduced," Temasek Chairman Lim Boon Heng said in a statement posted on Temasek's website on Monday. Temasek did not detail the amount of compensation cut. Temasek also said last year it had conducted "extensive due diligence" on FTX, with its audited financial statement then "showed it to be profitable."
☆ Singapore's Temasek cuts pay for staff responsible for FTX investment
  + stars: | 2023-05-28 | by ( Urvi Manoj Dugar Yantoultra Ngui | Urvi Manoj Dugar | Yantoultra Ngui | ) www.reuters.com   time to read: +2 min
May 29 (Reuters) - Singapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team and senior management that recommended its investment in the now-bankrupt FTX cryptocurrency exchange. "Although there was no misconduct by the investment team in reaching their investment recommendation, the investment team and senior management, who are ultimately responsible for investment decisions made, took collective accountability and had their compensation reduced," Temasek Chairman Lim Boon Heng said in a statement posted on Temasek's website on Monday. The move comes around six months after Temasek initiated an internal review of its investment in FTX, which resulted in a writedown of $275 million. Temasek also said last year it had conducted "extensive due diligence" on FTX, with its audited financial statement then "showed it to be profitable". "With FTX, as alleged by prosecutors and as admitted by key executives at FTX and its affiliates, there was fraudulent conduct intentionally hidden from investors, including Temasek," Lim said in the statement on Monday.
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