Temasek profits slide
The net profit of Temasek, one of Singapore's sovereign wealth funds, plunged by two thirds to $6 billion in the 12 months to March, down from $18 billion for the previous financial year.
The value of the fund also fell $55 billion in the year to March on the back of a string of investments in sectors hard hit by the financial crisis. Temasek said on Thursday that its net portfolio value had fallen from S$185 billion at the end of March 2008 to S$130 billion by April this year. However, this had
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