As the world's media wait for a statement from Alok Sharma after the Glasgow Climate Pact is agreed, a protester runs to the podium and shouts 'COP26 has been a failure!
We need to phase out, not phase down subsidies', before being chased away by UN security staff. Hong Kong has refused to renew the visa of an Australian correspondent from The Economist, the newspaper's chief editor said, as authorities in the Chinese city tighten a crackdown on free speech and dissent.
New Delhi authorities announced Saturday a one-week closure of schools and said they would consider a "pollution lockdown" to protect citizens from toxic smog. Every Saturday, locals and tourists alike get to watch a team of huskies sledding, or 'mushing' as its also known, along the white sands of Muizenberg beach, getting a dose of much-needed exercise just outside of Cape Town.
Sunday marks the first time since 5 November that the city-state recorded less than 2, cases. US Vice President Kamala Harris laid a wreath of white flowers in front of a Paris cafe on Saturday as France marked six years since deadly terror attacks that left people dead. The first international tourists touched down in Vietnam almost 20 months after the Southeast Asian nation closed its borders to contain the coronavirus.
Outgoing Honduran President Juan Orlando Hernandez on Saturday reaffirmed his support for Taiwan during a visit to the island, ahead of elections in which his successor may switch diplomatic recognition to Beijing. India's pollution control body warned of a looming health emergency in New Delhi as deteriorating air quality in the capital turned the sky a murky grey. A new draft text urged nations to accelerate efforts to phase-out of unfiltered coal and "inefficient" fossil fuel subsidies.
Map showing the border crossing points between Belarus and Poland. Read full article. Socio-political website Temasek Review Emeritus says it will not be closing down in the near future. Screencap of TRE website. Story continues. Temasek has no issue with the desire to foster and facilitate serious debate and discourse and to provide news of socio-political affairs of Singapore. That is the right of every Singaporean. However, it appears that this has been done by capitalizing on the good will and reputation of our "Temasek Review" for the website in place of its original name.
This is misleading and irresponsible. The website also claims that its editorial position is based, among other things, " on the principles of transparency, accountability and responsibility It should live up to its own words and do the responsible thing to change the name of the website, and not misuse "Temasek Review" for the website. It heartens us that this fund has seeded over meaningful projects, and touched over , lives in Singapore. Beyond Singapore, we have been doing our our part to strengthen the resilience and preparedness of communities.
To support this, Temasek Foundation stepped forward early to provide medical supplies to some 40 countries, in, and outside Asia. These included diagnostic test kits, testing machines, oxygen and ventilation equipment, and masks. This will help move critical supplies to more countries such as Indonesia, Nepal, Bangladesh and India.
Looking ahead, What does the future hold for us? We need to continue our efforts to build a resilient, future-ready portfolio, where sustainability remains at the core. As we grow our portfolio in line with our focus areas, our people continue to upskill and grow. We will also deepen our bench with new skillsets from outside.
Providing catalytic capital to solve big, global challenges, and building a Networked Organisation, both within Temasek and across our ecosystem. In doing so, we seek to realise opportunities for the prosperity of future generations. Let me end with a video showing how some of our staff help others Bounce Forward. My name is Stephen Forshaw. Welcome to Temasek Review We see ourselves as a provider of Catalytic Capital in these 4 areas:.
Financial, Natural, Human and Social. Over the past decade, our NPV has doubled. This chart shows our investment activity. This pie chart is a snapshot of our portfolio by sector. Financial Services and TMT remain as our largest sectors.
However, the composition within those sectors has evolved over the decade. And they make up almost half of our Financial Services portfolio today. Technology and Media is now over half of our TMT exposure. This is almost 16 times higher in absolute dollar terms. Now let's look at our portfolio from a geographic perspective. Also, our Singapore companies have expanded beyond home shores.
This pie chart shows the liquidity mix of our portfolio. In addition, our portfolio includes investments in the unlisted space. This again differentiates us from the market indices. We expect the global economy to recover steadily. Policymakers are keeping monetary and fiscal policies accommodative. However, the pace of recovery will likely be uneven across countries. Some countries are struggling with new waves of infections.
All that said, climate change remains as one of the most crucial global challenges. This slide shows our projected returns at the end of a year period. We start with a Central Scenario — a base case — this is shown here in purple.
With this in mind, Sustainability is very much at the core of all that we do. This is a crucial step toward our ambition for net zero carbon emissions by To accomplish this, we are adopting a three-pronged approach towards our ambition. First, we seek investments in climate-aligned opportunities. We also partnered BlackRock to establish a fund called, Decarbonization Partners. Finally, we will continue to encourage decarbonisation efforts in businesses. This helps all of us work towards shared sustainability outcomes.
For example, our Blockchain pod founded LemmaTree. We also have a new Centre of Excellence to build deep expertise in AI. COVID has not derailed this. We continue to safeguard our communities through five areas:. This has helped them process over a million PCR tests.
We piloted the Antigen Rapid Test for on-site pre-event screenings. We also worked with investee companies in our life sciences portfolio.
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