Temasek Review 2019

How We Grew

We grew with Singapore in our early years, and stepped out in 2002 to build a second wing of growth with a transforming Asia. We have since invested into digital and sustainable opportunities around the world.

Our initial portfolio in 1974 reflected Singapore’s early stages of industrialisation. Some of these companies, and others added since, have grown into iconic Singapore brands such as Singapore Airlines and the Singapore Zoo. Others like DBS, Singtel and PSA have transformed into regional and global champions. In recent years, we have been investing in several trends driven by technological advances, demographic shifts, and changing consumption patterns.

We continue to seek innovative companies at the forefront of developing new, and possibly disruptive, solutions that create new opportunities, while addressing the growing needs of the world’s population.

As at 31 March 2019, our net portfolio value was S$313 billion.

Relation between Net Portfolio Value and Total Shareholder Return