by A Total TaiTai Tale
Since the beginning of the pandemic, the Singapore government has been given away free masks every couple of months for each resident in Singapore. They were usually the fabric ones.
Last month we got a free oximeter and this month free surgical & N95 masks.
I didn’t receive the pamphlet for the oximeter (or I threw it away because apparently it looked like an advertisement) but nevertheless after a few people mentioned that they either didn’t receive it or threw it away, we only had to complete a online demand and received another invitation to go pick one up. (Every free handout is given against our national ID). The free masks pick-up was conveniently at my local supermarket.
All these are mostly due to the Temasek Foundation. The “sovereignty fund” is one of the largest in the world.
And so that you know:
Temasek Foundation International is a Singapore-based non-profit organisation under the philanthropic arm of the Singapore state sovereign fund Temasek Holdings.
Temasek Holdings (Private) Limited (abbreviated as Temasek; is a Singaporean holding company, owned by the Government of Singapore. Incorporated on 25 June 1974 as a Commercial Investment Company, Temasek owns and manages a net portfolio of S$381 billion as of 31 March 2021, with S$39 billion divested and S$49 billion invested during the year. Its one-year Total Shareholder Return (TSR) was 24.5%, with longer term 10 and 20-year TSRs at 7% and 8% respectively, compounded annually. Its TSR since inception was 14%, compounded over 47 years.
Temasek differs from a sovereign wealth fund because it invests mostly in equities, is the outright owner of many assets, and pays taxes like other commercial investment firms.
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