Daily Archives: 2018-07-11

Temasek uses auditing firm KPMG which was severely criticised by UK watchdog for poor quality work

Last month, BBC reported that international audit firm KPMG has been severely criticised by UK watchdog, the Financial Reporting Council (‘KPMG’s audit work unacceptable, says watchdog‘, 18 Jun). The UK Financial Reporting Council (FRC) is an independent regulator responsible for promoting high quality corporate governance and reporting to foster investment in UK. Its board of directors is appointed by the …

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ABB empowers local charity with access to smart technologies

Heartware Network, an organization dedicated to youth development, moved into new ‘smart office’ space equipped with ABB’s home and building automation solutions. ABB collaborated with DP Architects, a leading architectural firm in Singapore, to sponsor the country‘s first ‘Smart Office’ project for Heartware Network, a charity that inspires youth and develops community champions. Heartware Network seeks to instill positive values …

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Temasek posts “record portfolio of S$308 billion” but doesn’t disclose its management costs

It was reported in the Straits Times yesterday (10 Jul) that Temasek Holdings’ has posted “record portfolio of S$308 billion”. “The Singapore Government-owned investment firm’s net portfolio value grew to a record $308 billion, up from $275 billion a year ago,” ST reported. It said that Temasek’s portfolio hit a 12.19 per cent one-year return for the financial year ended …

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Temasek announces record net portfolio value of S$308 billion

Temasek Holding has reported its net portfolio value at a record S$308 billion and a net cash position for the financial year that ended on 31 March 2018. In its annual Temasek Review published on Tuesday (10 July), the company stated that Temasek’s one-year Total Shareholder Return (TSR) was 12.19 percent, with compounded annualised returns of 15percent since inception in 1974 – …

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How disabled must a person be before being able to make a claim and why should women be asked to pay higher premiums?

Below is the Parliament speech by Member of Parliament for Aljunied GRC, Sylvia Lim on CareShield Life Delivered in Parliament on 10 July 2018 As many Singaporean families can attest, financing of long-term care is costly. This is unlike hospitalization for emergencies or acute conditions, requiring a person to be in the hospital for a relatively short period of time. …

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Parliamentary questions for 11 July 2018

The Singapore Parliament will sit at 12:00 noon on Wednesday, 11 July 2018 for the 80th session of the 13th Parliament. *18 oral questions and 3 written question had been scheduled to be asked. At the commencement of Public Business, there will be a notice of motion: EDUCATION FOR OUR FUTURE: That this House recognises that a love for learning …

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