{"id":227527,"date":"2020-03-24T10:32:09","date_gmt":"2020-03-24T02:32:09","guid":{"rendered":"http:\/\/magicalbits.net\/?p=227527"},"modified":"2020-03-24T10:32:09","modified_gmt":"2020-03-24T02:32:09","slug":"temasek-biggest-shareholdings-fall-23-5-billion-in-three-months-bloomberg","status":"publish","type":"post","link":"https:\/\/magicalbits.net\/?p=227527","title":{"rendered":"Temasek Biggest Shareholdings Fall $23.5 billion in Three Months &#8211; Bloomberg"},"content":{"rendered":"<blockquote><p>Temasek Holdings Pte\u2019s biggest equity shareholdings and those of its subsidiaries have plunged almost $24 billion since January as the spreading coronavirus sends markets into spasms.<\/p>\n<p>&#8230;<\/p>\n<p>Temasek\u2019s top 12 equity holdings by market value were worth a combined <span class=\"\" data-value=\"73800000000\" data-original=\"$73.8 billion\" data-symbol=\"$\">$73.8 billion<\/span> on Jan. 2 but had fallen to <span class=\"\" data-value=\"50300000000\" data-original=\"$50.3 billion\" data-symbol=\"$\">$50.3 billion<\/span> as of March 20. This includes shares in which the firm is deemed to have beneficial interest, such as Thai mobile phone operator Advanced Info Service Pcl, which is part-owned by Temasek subsidiary <a title=\"Company Overview\" href=\"https:\/\/www.bloomberg.com\/quote\/ST:SP\">Singapore Telecommunications Ltd.<\/a><\/p>\n<p>&#8230;<\/p>\n<p>Singtel is the biggest source of the decline, with Temasek\u2019s majority stake in the business slumping <span class=\"\" data-value=\"7400000000\" data-original=\"$7.4 billion\" data-symbol=\"$\">$7.4 billion<\/span>. Next is Southeast Asia\u2019s biggest bank, DBS Group Holdings Ltd., down <span class=\"\" data-value=\"5300000000\" data-original=\"$5.3 billion\" data-symbol=\"$\">$5.3 billion<\/span>. Temasek\u2019s interest in Singapore Airlines, which on Monday slashed capacity by 96% amid the escalating outbreak, has declined <span class=\"\" data-value=\"1700000000\" data-original=\"$1.7 billion\" data-symbol=\"$\">$1.7 billion<\/span>.<\/p><\/blockquote>\n<p>Source: <em><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-23\/temasek-biggest-shareholdings-fall-23-5-billion-in-three-months\">Temasek Biggest Shareholdings Fall $23.5 billion in Three Months &#8211; Bloomberg<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Temasek Holdings Pte\u2019s biggest equity shareholdings and those of its subsidiaries have plunged almost $24 billion since January as the spreading coronavirus sends markets into spasms. &#8230; Temasek\u2019s top 12 equity holdings by market value were worth a combined $73.8 billion on Jan. 2 but had fallen to $50.3 billion as of March 20. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-227527","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/posts\/227527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicalbits.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=227527"}],"version-history":[{"count":1,"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/posts\/227527\/revisions"}],"predecessor-version":[{"id":227528,"href":"https:\/\/magicalbits.net\/index.php?rest_route=\/wp\/v2\/posts\/227527\/revisions\/227528"}],"wp:attachment":[{"href":"https:\/\/magicalbits.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=227527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicalbits.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=227527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicalbits.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=227527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}