Latest News for: Singapore wealth fund

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Zomato shares: Temasek buys stake via bulk deals

Live Mint 01 Dec 2022
On the same day, Alipay Singapore, an arm of chinese e-commerce ... Post the deal, the sovereign wealth fund's stake will increase to 4% in the company.On the other hand, Alipay Singapore Holding Pte offloaded a total of 26,28,73,507 shares, amounting to 3.07% stake in the company.
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House facilitates passage of MWF bill

Manila Standard 01 Dec 2022
The House of Representatives Committee on Banks and Financial Intermediaries on Thursday approved a proposed law creating the P275-billion Maharlika Wealth Fund (MWF) ... The Speaker cited Singapore and Indonesia as countries that have successfully used their sovereign wealth funds.
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Creating wealth

Manila Standard 01 Dec 2022
30, he disclosed that the Philippine government has created a sovereign wealth fund to be called The Maharlika Wealth Fund patterned after the Temasek Holdings sovereign wealth fund of Singapore. A sovereign wealth fund is nothing more than taxpayers’ money, your money, our money, ...
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Zomato, PNB, KPI Green Energy, TVS Motor, TCS, Apollo Hospitals, Wipro stocks in focus on F&O expiry

Financial Express 01 Dec 2022
The hospital chain operator has received board approval for fund raising up to Rs 105 crore via non-convertible debentures (NCDs) ... However, Camas Investments Pte Ltd, the subsidiary of Singapore-based sovereign wealth fund Temasek, picked 9.8 crore shares in the company at an average price of Rs 62 per share.
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Gov’t financial institutions back sovereign wealth fund

Manila Standard 30 Nov 2022
... to fund the proposed Maharlika Wealth Fund, according to Finance Secretary Benjamin Diokno ... The proposed Maharlika Wealth Fund is patterned after the SWFs of 49 countries including Singapore, China, Hong Kong, South Korea, Malaysia, Indonesia, Taiwan, Vietnam and East Timor.
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Singapore Airlines extends its India runway

Reuters 30 Nov 2022
That’s in part, of course, thanks to a $13 billion rescue package funded by shareholders including sovereign wealth fund Temasek in 2020, as well as Singapore’s comparatively quick relaxation of inbound quarantine restrictions ... Corrects in third paragraph to say that Singapore ...
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Top four GFIs back creation of super state-owned fund with P250B capital

Manila Standard 29 Nov 2022
“We are very supportive of this bill and we have committed P125 billion to be able to jumpstart the incorporation and help set in motion the principles of the sovereign wealth fund,” said GSIS president and general manager Jose Veloso ... The Speaker cited Singapore and Indonesia as countries that have successfully used their sovereign wealth funds.
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Bandhan Financial Holdings gets Sebi nod to buy IDFC’s stake in IDFC AMC

The Times of India 29 Nov 2022
Bandhan Financial Holdings Ltd's (BFHL’s) plan to enter into the mutual fund business has crossed another ... Ltd, an affiliate of Singapore sovereign wealth fund GIC; and Tangerine Investments, a part of local equity fund ChrysCapital.
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Here's Why Goldman Sachs is Investing a Lot of Money in Robotics

The Post and Courier 29 Nov 2022
Warehouse robot company Locus just closed another major funding round ... On Tuesday, Massachusetts-based Locus Robotics closed $117 million in Series F funding ... Both represent first-time investors; previous funding rounds were led by Singapore’s sovereign wealth fund GIC and capital investment firm Zebra Ventures.
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Singapore’s parliament raises governance concerns following FTX collapse

Cryptopolitan 28 Nov 2022
The FTX contagion made its way into Singapore and its parliamentarians cannot come to terms with the fact that their government failed to protect its citizens ... So how did Singapore find itself in this situation? ... Opposition MPs from the Workers party took particular interest in the investments by Temasek and Singapore’s sovereign wealth fund GIC.
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FTX’s bankruptcy puts Singapore government at the receiving end of questions around retail investors’ protection

Financial Express 28 Nov 2022
The MPs raised questions around the government’s credibility to track the length of investments by Temasek and Singapore’s sovereign wealth fund called GIC. .
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Speaker proposes sovereign wealth fund, bullish on internet speed boost

Manila Standard 28 Nov 2022
Romualdez has proposed the creation of a sovereign wealth fund (SWF) to maximize the ... The proposed Maharlika Wealth Fund (MWF) is patterned after the SWFs of 49 countries, including Singapore, China, Hong Kong, South Korea, Malaysia, Indonesia, Taiwan, Vietnam, and East Timor.
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India’s first private rocket company looks to slash satellite costs

News India Times 28 Nov 2022
Employees pose in front of Vikram-S rocket, India?s first private rocket developed by Skyroot, an Indian Space-Tech startup, at a spaceport in Sriharikota, India, November 18, 2022 ... The Hyderabad-based company, backed by Singapore’s sovereign wealth fund, GIC, says the $68 million it has raised will fund its next two launches ... Elon Musk ... .
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India's first private rocket company looks to slash satellite costs

Hindustan Times 26 Nov 2022
The Hyderabad-based company, backed by Singapore's sovereign wealth fund, GIC, says the $68 million it has raised will fund its next two launches. Skyroot has been in contact with more than 400 potential customers, it says ... Skyroot faces both established and up-and-coming rocket launch rivals that also promise to bring down costs ... Elon Musk ... ....

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