Temasek senior executives point to rising transparency

[SINGAPORE] Even as senior Temasek Holdings executives put up a brave front on the company's "modest" return - the 1.5 per cent which fell short of last year's 1.8 per cent inflation rate - they drew attention to the investment company's increasing transparency.

Rohit Sipahimalani, the co-head of Temasek's investment group, said the market had been "reasonably accurate" with estimates on the growth of its portfolio, and added that "maybe we should get some credit for transparency".

Temasek's portfolio grew 3.7 per cent to $223 billion for the year ended March 31, in line with the forecast by CIMB Research that it would be about 4 per cent.