SINGAPORE: Temasek Holdings Pte Ltd’s performance was helped by a S$5 billion (RM12.8 billion) capital injection from the Ministry of Finance, according to its annual report. Temasek’s portfolio rose by S$8 billion to S$223 billion as of March 31, it said in its review on July 8. The gain included the funds from the ministry, its only shareholder, “as part of their asset allocation decision”, it said. The total shareholder return of Temasek, which includes dividends and capital gains and excludes capital injections, shrunk to 1.5 per cent for the past year from 8.9 per cent in its previous fiscal year, as holdings in Asia remained little changed. Bloomberg
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