Temasek's S$13b funding of leading Singapore corporates aligned with its long-term horizon: analysts

Singapore

SINGAPORE's Temasek Holdings has ploughed at least S$13 billion since last year - and is set to spend more - into sector bigwigs from the national airline to an agri-food giant, a shipping line and offshore and marine firm, most of which involves funding to save these pandemic-roiled businesses.

While a majority of Temasek's investments were in the form of cash calls or rights issues that were meant to bolster the capital base of these hard-hit firms, they were in large part also strategic and opportunistic moves that were aligned with the state-owned investor's long-term investment horizon.