News

• 2 May 2013 Speech by Lim Boon Heng, Board Director of Temasek, at the Howe Yoon Chong PSA Scholarship Award Ceremony

  Speech by Lim Boon Heng, Board Director of Temasek, at the Howe Yoon Chong PSA Scholarship Award Ceremony

  • The idea for the scholarship was seeded about six years ago when PSA Group Chairman Fock Siew Wah suggested the setting up of an endowment fund and the Howe Yoon Chong PSA Scholarship Award Ceremony is now into its fifth year.
  • The endowment fund, named in honour of the late Mr Howe Yoon Chong, who was Chairman of the then Port of Singapore Authority from 1970 to 1979, provides bond-free scholarships for students from lower income families to upgrade themselves through education or training in various technical skills.
• 4 March 2013 Temasek acquires additional 5% stake in Repsol

  Temasek acquires additional 5% stake in Repsol

  • Singapore investment company Temasek has purchased an additional 5% of treasury shares in Repsol, a Spanish oil and gas company.
  • Together with its existing 1.25% shareholding in Repsol, Temasek now owns approximately 6.3% of Repsol’s outstanding shares.
  • The 5% of treasury shares amounts to 1.036 billion euros, or S$1.68 billion at today’s exchange rate.
  • “The investment in Repsol deepens our exposure to the energy sector through a high quality growth-oriented company. The sector is a good proxy for the needs of transforming economies and growing middle income populations, both of which are part of Temasek’s investment themes. We are pleased to have the opportunity to invest in Repsol, and will continue to look for good, long-term investments in the energy space,” said Tay Sulian, Managing Director, Investment, Temasek.
• 22 February 2013 Seah Moon Ming to join Temasek on 1 March

  Seah Moon Ming to join Temasek on 1 March

  • Moon Ming will be leading an initiative to establish a new business entity focusing on opportunities in the LNG sector