Temasek Holdings net profit down

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http://business.asiaone.com/Business/News/Story/A1Story20120705-357386.html

Singapore's state-linked investment firm Temasek Holdings said Thursday it invested a total of S$22 billion in the year ended March 31 from the previous financial year and divested S$15 billion.

By the end of March, Temasek had 72 per cent of its investments in Asia and the Singapore home market. It also increased its stakes in Australia and New Zealand as well as North America and Europe.

Although the net value of its worldwide portfolio went up 2.6 per cent to S$198 billion, its net profit fell 15.4 per cent to S$11 billion amid a slower global economy.

Temasek chairman S. Dhanabalan said Asia's long-term growth remained healthy, and while the US and Europe "present significant risks" they also offer potential opportunities.