That was the mandate of Temasick until Ho Jinx took and her insatiabkle greed took over!
<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>May 25, 2009
TEMASEK'S INVESTMENTS
</TR><!-- headline one : start --><TR>Help S'pore grow its own timber
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I REFER to the recent reports and commentaries on the sale of Bank of America shares by Temasek Holdings.
Investing for the long term, especially for a portfolio the size of Temasek's, is always a challenge.
As Temasek looks ahead to identify new investment and growth opportunities, it is time that we considered a bold new strategy to invest in promising local and overseas small and medium-sized companies which are either still private or listed on the Singapore Exchange (SGX).
The current crop of Temasek- linked companies have done well both domestically and overseas. But they are mature companies and no Temasek-linked companies have launched an IPO on the SGX since the 1990s.
Singapore needs to grow its own timber. We need to have an active programme to nurture the future Keppels or StarHubs.
The new kids on the block - founded by local entrepreneurs - will appreciate having Temasek as significant shareholders. The same could be said for the China-listed S-chips.
A new US$1 billion (S$1.46 billion) Temasek fund to invest in small and medium-sized companies will go a long way in terms of boosting investor sentiment.
Not only will the fund deliver superior returns, but it will also give a boost to the SGX.
Perhaps more importantly, it will signal to the private sector that we might have a new game plan for the economy which is no longer dominated by multinational corporations and government-linked companies.
Chong Huai Seng
<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>May 25, 2009
TEMASEK'S INVESTMENTS
</TR><!-- headline one : start --><TR>Help S'pore grow its own timber
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I REFER to the recent reports and commentaries on the sale of Bank of America shares by Temasek Holdings.
Investing for the long term, especially for a portfolio the size of Temasek's, is always a challenge.
As Temasek looks ahead to identify new investment and growth opportunities, it is time that we considered a bold new strategy to invest in promising local and overseas small and medium-sized companies which are either still private or listed on the Singapore Exchange (SGX).
The current crop of Temasek- linked companies have done well both domestically and overseas. But they are mature companies and no Temasek-linked companies have launched an IPO on the SGX since the 1990s.
Singapore needs to grow its own timber. We need to have an active programme to nurture the future Keppels or StarHubs.
The new kids on the block - founded by local entrepreneurs - will appreciate having Temasek as significant shareholders. The same could be said for the China-listed S-chips.
A new US$1 billion (S$1.46 billion) Temasek fund to invest in small and medium-sized companies will go a long way in terms of boosting investor sentiment.
Not only will the fund deliver superior returns, but it will also give a boost to the SGX.
Perhaps more importantly, it will signal to the private sector that we might have a new game plan for the economy which is no longer dominated by multinational corporations and government-linked companies.
Chong Huai Seng
