Our guest for today is no stranger to Singaporeans. Founded in 1974, Temasek is a global investment company with 12 offices across eight countries. 

The state investor has a long term horizon, where activities are guided by their views on long-term structural trends. It mostly invests in equities though it does not set limits for geographies, sectors or asset classes. 

The firm released its latest annual review for FY 2023 today, where its net portfolio value dropped to S$382 billion from the S$403 billion seen in 2022. 

Meanwhile, its 1-year total shareholder return was at negative 5% due to a fall in the valuation of public and private equities, though its 10-year and 20 year total shareholder returns remained robust at 6% and 9% respectively.

So how does Temasek read into its latest performance? What is its current portfolio construction strategy and outlook for Singapore companies? Also – what is Temasek’s view on the crypto sector and new growth investments after its investment in FTX?

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down withPng Chin Yee, Chief Financial Officer, Temasekfor more.

Our guest for today is no stranger to Singaporeans. Founded in 1974, Temasek is a global investment company with 12 offices across eight countries. 
The state investor has a long term horizon, where activities are guided by their views on long-term structural trends. It mostly invests in equities though it does not set limits for geographies, sectors or asset classes. 
The firm released its latest annual review for FY 2023 today, where its net portfolio value dropped to S$382 billion from the S$403 billion seen in 2022. 
Meanwhile, its 1-year total shareholder return was at negative 5% due to a fall in the valuation of public and private equities, though its 10-year and 20 year total shareholder returns remained robust at 6% and 9% respectively.
So how does Temasek read into its latest performance? What is its current portfolio construction strategy and outlook for Singapore companies? Also – what is Temasek’s view on the crypto sector and new growth investments after its investment in FTX?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Png Chin Yee, Chief Financial Officer, Temasek for more.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

Under The Radar

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Under the Radar: Temasek Review 2023 – CFO Png Chin Yee on portfolio value and shareholder returns; Investments in unlisted assets amid falling deal values in APAC; Outlook for Singapore firms; Views on crypto sector after FTX investment; Focus in EMEA; Views on investing in US and China; Plans for second half of fiscal year 2023.

Singapore stocks rose in early trade today, tracking gains in the broader Asia-Pacific region.

In early trade, the Straits Times Index (STI) gained 0.2 per cent to 3,726.78 points after 69.3 million securities were transacted across the broader market.

In terms of companies to watch, we have Singapore Post after the firm said three of its senior management staff were terminated after they were found to be negligent in the handling of internal investigations over a whistleblower’s report. 

Elsewhere, from more on a cooler-than-expected US personal consumption expenditures index report out on Friday, to how US President-elect Donald Trump indicated that he favoured allowing TikTok to keep operating in the US for at least a little while – more international and corporate headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

Singapore stocks rose in early trade today, tracking gains in the broader Asia-Pacific region.
In early trade, the Straits Times Index (STI) gained 0.2 per cent to 3,726.78 points after 69.3 million securities were transacted across the broader market.
In terms of companies to watch, we have Singapore Post after the firm said three of its senior management staff were terminated after they were found to be negligent in the handling of internal investigations over a whistleblower&rsquo;s report.&nbsp;
Elsewhere, from more on a cooler-than-expected US personal consumption expenditures index report out on Friday, to how US President-elect Donald Trump indicated that he favoured allowing TikTok to keep operating in the US for at least a little while &ndash; more international and corporate headlines remain in focus.
On Market View, Money Matters&rsquo; finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

Market View: Cooler-than-expected US PCE numbers; Trump favouring letting TikTok operate in the US for at least a little while; SingPost terminates three senior management staff on handling of whistleblower report and more

Art is often celebrated as "a freedom of expression," a boundless medium through which individuals convey their thoughts, emotions, and perspectives.

But how free is this expression when government regulations intervene, potentially stifling artistic creativity? Can art truly thrive in an environment where it is subjected to oversight and control?

Consider the case of the Samsui mural.

The artwork, which depicted a Samsui woman - a historic icon of resilience - holding a cigarette, faced demands for alteration or removal, since it clashed with societal norms and regulatory concerns.

Does Singapore impose excessive constraints on artistic expression? And is there even a need to regulate art in the first place?

On The Hot Seat, Hongbin Jeong speaks with Ryan Su, OC Queen Street, The Ryan Foundation, and Michelle Lim, Assistant Professor, NTU School of Humanities.

Art is often celebrated as "a freedom of expression," a boundless medium through which individuals convey their thoughts, emotions, and perspectives.
But how free is this expression when government regulations intervene, potentially stifling artistic creativity? Can art truly thrive in an environment where it is subjected to oversight and control?
Consider the case of the Samsui mural.
The artwork, which depicted a Samsui woman - a historic icon of resilience - holding a cigarette, faced demands for alteration or removal, since it clashed with societal norms and regulatory concerns.
Does Singapore impose excessive constraints on artistic expression? And is there even a need to regulate art in the first place?
On The Hot Seat, Hongbin Jeong speaks with Ryan Su, OC Queen Street, The Ryan Foundation, and Michelle Lim, Assistant Professor, NTU School of Humanities.

The Hot Seat: Should the government regulate art?

Singapore stocks opened lower today, following another downbeat session on Wall Street as the US Federal Reserve’s hawkish pivot continued to weigh on sentiment.

In early trade, the Straits Times Index (STI) had fallen 0.5 per cent to 3,743.96 points after 30.8 million securities transacted across the broader market.

In terms of counters to watch, we have CapitaLand Investment and CapitaLand Ascott Trust. That’s after CapitaLand Investment sold stapled securities in CapitaLand Ascott Trust for S$162 million to an unrelated party.

Elsewhere, from more on Japanese inflation rising more than expected last month, to what to expect ahead of the release of US personal consumption expenditures tonight – more international headlines remain in focus. 

Also on deck – Beijing calling on AstraZeneca to expand its research and development investment in the city despite an ongoing probe against some of its executives.

Plus – a quick look at MayBank’s take on what to watch in 2025.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

Singapore stocks opened lower today, following another downbeat session on Wall Street as the US Federal Reserve&rsquo;s hawkish pivot continued to weigh on sentiment.
In early trade, the Straits Times Index (STI) had fallen 0.5 per cent to 3,743.96 points after 30.8 million securities transacted across the broader market.
In terms of counters to watch, we have CapitaLand Investment and CapitaLand Ascott Trust. That&rsquo;s after CapitaLand Investment sold stapled securities in CapitaLand Ascott Trust for S$162 million to an unrelated party.
Elsewhere, from more on Japanese inflation rising more than expected last month, to what to expect ahead of the release of US personal consumption expenditures tonight &ndash; more international headlines remain in focus.&nbsp;
Also on deck &ndash; Beijing calling on AstraZeneca to expand its research and development investment in the city despite an ongoing probe against some of its executives.
Plus &ndash; a quick look at MayBank&rsquo;s take on what to watch in 2025.
On Market View, The Evening Runway&rsquo;s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

Market View: Expectations ahead of US PCE numbers; Odds of US government shutdown; Earnings from FedEx, Nike; Beijing calls on AstraZeneca to expand R&D investment; Japan’s core inflation accelerated in November; CapitaLand Investment sells stapled securities in CapitaLand Ascott Trust and more 

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