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Finance

Temasek's portfolio in China exceeds Singapore home base

State investment company seeks 'bigger bets' in areas including e-commerce

Singapore state investor Temasek said it will be “selective” in looking for pandemic-resilient investment opportunities in the COVID-19 era.   © Temasek

SINGAPORE -- Singapore state investor Temasek said on Tuesday that it will be "selective" when looking for pandemic-resilient investment opportunities in the COVID-19 era, as it reported its lowest annual return since 2016.

Temasek's annual return for the year ended March 31 was minus 2.28%, down from the previous year's 1.49%. Net portfolio value declined about 2% to 306 billion Singapore dollars ($220 billion) -- unchanged from the preliminary figures it shared in July.

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