Ivanhoe’s subsidiary, SouthGobi, owns and operates Ovoot Tolgoi coal mine in Mongolia. Pat Low indicated Rio’s major stakes in Ivanhoe had caused some changes in the mining company, such as Ivanhoe changed its name to Turquoise Hills and the divestments of the Ovoot Tolgoi coal mine. Turquoise Hills' SEC 2020 filing does not show Temasek as a major shareholder. As of 31 March 2019, 42% of Temasek Holdings assets are not publicly listed and are less affected by the stock market. Temasek eyes health, education tech investments after Covid-19 pandemic Nov 12, 2020, 11:10 am S'pore's Internet economy shrinks 24% despite e-commerce boom as Covid-19 hits online travel sector “Turquoise Hills’ inability to move forward and produce results bear heavily on its share price. A whopping 72.6 per cent of Singaporeans are spending New Year's Eve at home -- whether alone or with close family, according to results... by Danisha Hakeem and Yas The blogger went on to explain that Oyu Tolgoi coal mine started operation in 2008, but its operation was curtailed in 2012 due to adverse market condition. After reading that headline you might be in a state of panic. I mean, it’s not like the virus means those big companies suddenly go bankrupt right? Singtel (SGX: Z74) is not just the fixed deposit of Temasek (through consistent dividend payment for decades), also cash generator for over 1 millions Singaporeans who are Singtel retail investors, the most popular […] KEPPEL Corporation surpassed even the worst forecasts to post a record quarterly loss of S$697 million, breaching certain conditions for Temasek Holdings' S$4 billion pre-conditional partial offer for the conglomerate. Yeah, we were doing better than the year before until shit happens. Keppel, whose businesses range from property development to rig-building, swung to a net loss … Which sounds really bad, because our budget for 2020 is projected to be in a deficit of S$10.9 billion, the highest in a decade. Based on the About section of his blog, he had spent a major part of his career in the banking industry and eventually became a channel partner of an electricity retailer after retirement. But now is not the time to think about whether you’ve made a loss or not. The major events of 2020 marked a tumultuous finish to a decade — most notably seen in the coronavirus pandemic... Hong Kong pro-democracy media tycoon Jimmy Lai was ordered back to jail Thursday as the city's highest court granted prosecutors an appeal against his... Tokyo reported over 1,000 new coronavirus infections on Thursday, a new record, as local and government officials warned that a state of emergency might... As of Thursday (31 December), 12 pm, the Ministry of Health (MOH) has preliminarily confirmed 30 new cases of COVID-19 infection. ... Temasek abandons $3 billion bid for Keppel after conglomerate's loss FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore. Excluding impairment, Keppel Corp would have reported commendable core profit of S$222m (+45% y-o-y). The... Would love your thoughts, please comment. And in the fiscal year 2020, that contribution was expected to be S$18.6 billion. And sis, of course. The Top Ten Editorials of 2020. The Budget Statement... Singapore on Wednesday (30 December) conducted its first batch of vaccinations on over 30 healthcare workers at the National Centre for Infectious Diseases (NCID). Massive impairment of S$919m in 2Q20 dragged Keppel Corp into largest ever net loss of S$698m. 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