The wife of Prime Minister Lee Hsien Loong, Ho Ching, today announced that Temasek Holdings will not publish its annual report due July this year. The financial reports will be made public only after the General Elections:
“To accommodate this delay of global consolidation for financial reporting, Temasek’s own annual reporting will be delayed from July till September.”
The Temasek Holdings CEO hinted record losses blaming the pandemic:
“Although we didn’t anticipate a COVID pandemic, the economic indicators had become worrisome since last year.”
Temasek Holdings recently took headlines after losing S$126 million when its budget airline, NokScoot, bankrupted.