Mr Dilhan Pillay Sandrasegara, Executive Director and Chief Executive Officer of Temasek Holdings, said, “Temasek is looking to deploy more capital into Southeast Asia, where growth is underpinned by strong fundamentals such as a young demographic, rapid urbanisation, and accelerated digitisation.”

“Our TSEAP members will provide us with the benefit of their experiences, networks, and localised perspectives as we seek new business opportunities against the backdrop of an increasingly volatile and complex global operating environment. I would like to welcome all our distinguished members to the Panel and look forward to sharing perspectives and broadening our regional networks,” he said.

Mr Fock Wai Hoong, Head of Southeast Asia and Deputy Head, Technology &amp; Consumer, Temasek, added, “We have been increasing our investments in the region in recent years and look forward to continue doing so. Together with businesses, governments, and communities, Temasek is committed to using our catalytic capital to spur sustainable and inclusive growth so that every generation prospers.”

Mr Lee Theng Kiat, Chairman of Temasek International, will chair the Temasek Southeast Asia Advisory Panel.

The&nbsp;Temasek Southeast Asia Advisory Panel&nbsp;comprises:

Lee&nbsp;Theng Kiat, Chairman, Temasek International Pte. Ltd.; Chairman, Singapore Telecommunications Limited, from Singapore (Chairman of TSEAP)Dr&nbsp;MaiHuu Tin, Chairman, Unigroup; Member of the Private Sector Development Committee Government of Vietnam, from VietnamDr Yozua&nbsp;Makes,&nbsp;Founder and Managing Partner, Makes &amp; Partners, from IndonesiaTan Sri Mohd Hassan&nbsp;Marican,&nbsp;Chairman, Pavilion Energy, Pavilion Energy Trading &amp; Supply, and Pavilion Energy Singapore; Chairman, Special Advisory Body to the Minister of Finance of Malaysia, from MalaysiaKanetsugu&nbsp;Mike,&nbsp;Chairman, Mitsubishi UFJ Financial Group, from JapanNoni&nbsp;Purnomo, President of the Board of Commissioner and former CEO, Blue Bird Group Holding; Chairperson of The Board of Trustees, The University of Indonesia, from IndonesiaChartsiri&nbsp;Sophonpanich,&nbsp;President, Bangkok Bank Public Company Limited, from ThailandTeresita&nbsp;Sy Coson, Vice Chairperson, SM Investments Corporation; Chairperson, SM Retail, Inc. and BDO Unibank, from the PhilippinesDr&nbsp;Truong&nbsp;Gia Binh, Chairman of the Board of Directors, FPT Corporation; Deputy Chairperson, Advisory Council of Administrative Procedure Reform of Prime Minister, from Vietnam

<h1>Temasek launches Southeast Asia Advisory Panel</h1>Singapore, 1 August 2023 – Singapore-based investment company Temasek has launched the Temasek Southeast Asia Advisory Panel (TSEAP). The panel comprises eminent business leaders with deep experience, insights, and perspectives on significant industry, economic, social, and political trends in Southeast Asia.

Together with the Temasek European Advisory Panel (TEAP) and the Temasek Americas Advisory Panel (TAAP), the TSEAP will complement the Temasek International Panel in providing Temasek with regular access and engagement with experts on issues relevant to its activities across key markets. TEAP and TAAP were established in January 2016 and June 2016 respectively.Mr Dilhan Pillay Sandrasegara, Executive Director and Chief Executive Officer of Temasek Holdings, said, “Temasek is looking to deploy more capital into Southeast Asia, where growth is underpinned by strong fundamentals such as a young demographic, rapid urbanisation, and accelerated digitisation.”“Our TSEAP members will provide us with the benefit of their experiences, networks, and localised perspectives as we seek new business opportunities against the backdrop of an increasingly volatile and complex global operating environment. I would like to welcome all our distinguished members to the Panel and look forward to sharing perspectives and broadening our regional networks,” he said.Mr Fock Wai Hoong, Head of Southeast Asia and Deputy Head, Technology &amp; Consumer, Temasek, added, “We have been increasing our investments in the region in recent years and look forward to continue doing so. Together with businesses, governments, and communities, Temasek is committed to using our catalytic capital to spur sustainable and inclusive growth so that every generation prospers.”Mr Lee Theng Kiat, Chairman of Temasek International, will chair the Temasek Southeast Asia Advisory Panel.The&nbsp;Temasek Southeast Asia Advisory Panel&nbsp;comprises:Lee&nbsp;Theng Kiat, Chairman, Temasek International Pte. Ltd.; Chairman, Singapore Telecommunications Limited, from Singapore (Chairman of TSEAP)Dr&nbsp;MaiHuu Tin, Chairman, Unigroup; Member of the Private Sector Development Committee Government of Vietnam, from VietnamDr Yozua&nbsp;Makes,&nbsp;Founder and Managing Partner, Makes &amp; Partners, from IndonesiaTan Sri Mohd Hassan&nbsp;Marican,&nbsp;Chairman, Pavilion Energy, Pavilion Energy Trading &amp; Supply, and Pavilion Energy Singapore; Chairman, Special Advisory Body to the Minister of Finance of Malaysia, from MalaysiaKanetsugu&nbsp;Mike,&nbsp;Chairman, Mitsubishi UFJ Financial Group, from JapanNoni&nbsp;Purnomo, President of the Board of Commissioner and former CEO, Blue Bird Group Holding; Chairperson of The Board of Trustees, The University of Indonesia, from IndonesiaChartsiri&nbsp;Sophonpanich,&nbsp;President, Bangkok Bank Public Company Limited, from ThailandTeresita&nbsp;Sy Coson, Vice Chairperson, SM Investments Corporation; Chairperson, SM Retail, Inc. and BDO Unibank, from the PhilippinesDr&nbsp;Truong&nbsp;Gia Binh, Chairman of the Board of Directors, FPT Corporation; Deputy Chairperson, Advisory Council of Administrative Procedure Reform of Prime Minister, from VietnamTemasek is a global investment company with a net portfolio value of S$382 billion (US$287b) as at 31 March 2023. Our Purpose “So Every Generation Prospers” guides us to make a difference for today’s and future generations. As an active investor, forward looking institution and trusted steward, we are committed to deliver sustainable value over the long term. Temasek has overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively. Headquartered in Singapore, we have 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and London, Brussels, Paris, New York, San Francisco, Washington DC, and Mexico City outside Asia.Amelia Tan

Assistant Vice President, Public Affairs
Temasek
Tel: +65 6828 6164
ameliatanpq@temasek.com.sg

Securities / FX / Investment Trusts

Listed companies

Foreign companies

Singapore, 1 August 2023 – Singapore-based investment company Temasek has launched the Temasek Southeast Asia Advisory Panel (TSEAP). The panel comprises eminent business leaders with deep experience, insights, and perspectives on significant industry, economic, social, and political trends in Southeast Asia.

Together with the Temasek European Advisory Panel (TEAP) and the Temasek Americas Advisory Panel (TAAP), the TSEAP will complement the Temasek International Panel in providing Temasek with regular access and engagement with experts on issues relevant to its activities across key markets. TEAP and TAAP were established in January 2016 and June 2016 respectively.

Temasek launches Southeast Asia Advisory Panel

It is worth mentioning that the Monetary Authority of Singapore has taken some steps to ensure maximum protection for local crypto participants. The watchdog&nbsp;<a href="https://cryptopotato.com/singapore-requires-crypto-companies-to-hold-customer-funds-in-a-trust-report/">plans</a>&nbsp;to ban digital asset organizations from offering lending and staking services to retail investors. It might also insist that such firms hold customers’ assets in a designated trust by the end of 2023.

Temasek was among the numerous entities that parted with a considerable amount of money due to its interaction with the once-prominent crypto exchange FTX. The company, which has almost $500 billion of assets under management, invested $275 million in FTX and&nbsp;<a href="https://cryptopotato.com/singapores-temasek-says-ftx-investment-now-worth-nothing/" target="_blank">lost</a>&nbsp;everything due to the latter’s demise in November last year.&nbsp;

Sipahimalani explained that the FTX investment was part of Temasek’s early-stage strategy, where it distributed funds in “new disruptive technologies to see what’s around the corner.”&nbsp;

The CEO also revealed that the company conducted proper due diligence when considering the move and went ahead since the marketplace “had good technology, was gaining market share, and showed a willingness to engage with regulators and be licensed.”

The unsuccessful interaction in FTX has harmed the reputation of the Singaporean state-owned conglomerate. As such, the team and senior manager who approved the investment have&nbsp;<a href="https://cryptopotato.com/temasek-slashes-pay-for-executives-who-recommended-investing-in-ftx-report/">taken</a>&nbsp;full responsibility and had their annual compensations cut down:

“The investment team and senior management, who are ultimately responsible for investment decisions made, took collective accountability and had their compensation reduced.”

Temasek did not reveal the exact deducted amount or whether other employees’ bonuses or salaries have been decreased.&nbsp;

The lengthy list of companies that suffered losses due to investing in FTX also includes the world’s largest asset manager –&nbsp;<a href="https://cryptopotato.com/the-worlds-largest-asset-manager-was-also-exposed-to-ftx/" target="_blank">BlackRock</a>, the venture capital firm – Sequoia Capital, the crypto technology investment company – Paradigm, the Japanese Softbank, and many more.

<h1>Singapore’s Investment Giant Temasek Pauses Crypto Efforts, Cites Regulatory Uncertainty</h1>The entity might change its stance should watchdogs implement “the right regulatory framework,” CEO Sipahimalani said.

Rohit Sipahimalani – Chief Executive Officer of the Singaporean state-owned conglomerate Temasek – said the entity is currently not interested in cryptocurrency investments due to the lack of regulatory clarity. 

The company had a bad experience with the digital asset sector, losing $275 million when FTX collapsed.

A Possible Re-Entry With Appropriate Rules
CEO Sipahimalani claimed in a recent interview that there is “a lot of regulatory uncertainty” in the cryptocurrency sector, which makes it “very difficult” for Temasek to join the ecosystem with another investment. 

On the other hand, he assured that the company will re-think its position should regulators impose a comprehensive regulatory framework on the industry:

“If you have the right regulatory framework, and we are comfortable with it, and you have the right investment opportunity, there’s no reason for us not to look at it.”It is worth mentioning that the Monetary Authority of Singapore has taken some steps to ensure maximum protection for local crypto participants. The watchdog&nbsp;<a href="https://cryptopotato.com/singapore-requires-crypto-companies-to-hold-customer-funds-in-a-trust-report/">plans</a>&nbsp;to ban digital asset organizations from offering lending and staking services to retail investors. It might also insist that such firms hold customers’ assets in a designated trust by the end of 2023.Temasek was among the numerous entities that parted with a considerable amount of money due to its interaction with the once-prominent crypto exchange FTX. The company, which has almost $500 billion of assets under management, invested $275 million in FTX and&nbsp;<a href="https://cryptopotato.com/singapores-temasek-says-ftx-investment-now-worth-nothing/" target="_blank">lost</a>&nbsp;everything due to the latter’s demise in November last year.&nbsp;Sipahimalani explained that the FTX investment was part of Temasek’s early-stage strategy, where it distributed funds in “new disruptive technologies to see what’s around the corner.”&nbsp;The CEO also revealed that the company conducted proper due diligence when considering the move and went ahead since the marketplace “had good technology, was gaining market share, and showed a willingness to engage with regulators and be licensed.”<h2>Taking Responsibility</h2>The unsuccessful interaction in FTX has harmed the reputation of the Singaporean state-owned conglomerate. As such, the team and senior manager who approved the investment have&nbsp;<a href="https://cryptopotato.com/temasek-slashes-pay-for-executives-who-recommended-investing-in-ftx-report/">taken</a>&nbsp;full responsibility and had their annual compensations cut down:“The investment team and senior management, who are ultimately responsible for investment decisions made, took collective accountability and had their compensation reduced.”Temasek did not reveal the exact deducted amount or whether other employees’ bonuses or salaries have been decreased.&nbsp;The lengthy list of companies that suffered losses due to investing in FTX also includes the world’s largest asset manager –&nbsp;<a href="https://cryptopotato.com/the-worlds-largest-asset-manager-was-also-exposed-to-ftx/" target="_blank">BlackRock</a>, the venture capital firm – Sequoia Capital, the crypto technology investment company – Paradigm, the Japanese Softbank, and many more.Temasek is an investment company with a focus on delivering sustainable returns over the long term.Contact Email 
enquiry@temasek.com.sg
+65 6828 6828

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Blockchain / Web3

The entity might change its stance should watchdogs implement “the right regulatory framework,” CEO Sipahimalani said.

Rohit Sipahimalani – Chief Executive Officer of the Singaporean state-owned conglomerate Temasek – said the entity is currently not interested in cryptocurrency investments due to the lack of regulatory clarity. 

The company had a bad experience with the digital asset sector, losing $275 million when FTX collapsed.

A Possible Re-Entry With Appropriate Rules
CEO Sipahimalani claimed in a recent interview that there is “a lot of regulatory uncertainty” in the cryptocurrency sector, which makes it “very difficult” for Temasek to join the ecosystem with another investment. 

On the other hand, he assured that the company will re-think its position should regulators impose a comprehensive regulatory framework on the industry:

“If you have the right regulatory framework, and we are comfortable with it, and you have the right investment opportunity, there’s no reason for us not to look at it.”