SINGAPORE, July 8 Singapore state investor
Temasek Holdings Pte Ltd said its portfolio grew by
3.72 percent in the last financial year, slower than the
previous year, due to a drop in the value of its bank holdings
which include Standard Chartered PLC.
Temasek reported on Tuesday its portfolio size had increased
to a record S$223 billion ($179 billion) in its last financial
year that ended in March. Last financial year, Temasek's
portfolio grew 8.6 percent.
It also said the U.S. central bank's decision to slowly cut
its monetary stimulus, and moves by China to rein its
debt-fueled growth, were positive for global economic growth in
($1 = 1.2458 Singapore Dollars)
(Reporting by Saeed Azhar and Anshuman Daga; Editing by Miral