Temasek issues report

The Singapore government's investment arm, Temasek Holdings, has issued a report disclosing its investment holdings and performance.

Temasek's annual rate of return on investment, measured in terms of share price appreciation and dividends received, is 46 percent over the past year, 3 percent over the past 10 years and 18 percent over the past 30 years. That is pretty decent, especially for the 30-year period, which is understandable as it includes Singapore's high-growth years of the 1970s and early 1980s.

As at 31 March 2004, Temasek had $90 billion worth of investments, of which just over half were in Singapore. Other countries in which it is invested include Australia, India, Malaysia, Indonesia and the United States.