Temasek Review 2021

How We Grew

We grew with Singapore in our early years. In 2002, we stepped out to build a second wing of growth with a transforming Asia. We have since increased our exposure outside Asia to capture global opportunities for innovation and sustainable solutions.

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 DBS and the Singapore Zoo. Others, like Singtel, Singapore Airlines and PSA, have transformed into regional and global champions.

In recent years, we have focused on trends driven by technological advances that cater to demographic shifts and sustainability objectives, change business models, or shift consumption patterns.

We continue to seek innovative companies that create new opportunities through innovative and sometimes disruptive solutions.

As at 31 March 2021, our net portfolio value was S$381 billion.

Relation between Net Portfolio Value and Total Shareholder Return